Question 1161. An amount of 5,000 is invested at a fixed rate of 8 per cent per annum. What amount will be the value of the investment in five years time, if the interest is compounded every six months?
Answer: Option B. -> Rs.6 NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 1163. A father left a will of Rs.35 lakhs between his two daughters aged 8.5 and 16 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.35 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?
Answer: Option B. -> 7 years 9 months NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 1166. A sum of money amounts to Rs 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is :
Answer: Option D. -> 6% S.I. = RS. (15500 – 12500) = RS. 3000. RATE = ( 100 X 3000/12500 X 4 )% = 6%.
Question 1168. A man took a loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was :
Answer: Option C. -> Rs. 15,000 PRINCIPAL = RS. ( 100 X 5400/12 X 3 ) = RS. 15000
Question 1169. Nabeela took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest ?
Answer: Option C. -> 2 : 3 LET THE PRINCIPAL BE P AND RATE OF INTEREST BE R%. SO REQUIRED RATIO = [(P X R X 6/100) / (13 X R X 9/100)] = 6PR/9PR = 6/9 = 2 : 3
