A sum of money amounts to rs.6690 after 3 years and to rs.10,035 after 6 years on compound interest. Find the sum.
3467
4560
4460
7890
C. 4460
Let the sum be rs.P.then
P(1+R/100)3=6690…(i) and P(1+R/100)6=10035…(ii)
On dividing, we get (1+R/100)3=10025/6690=3/2.
Substituting this value in (i),we get:
P*3/2=6690 or P=(6690*2/3)=4460
Hence, the sum is rs.4460.
3109
3210
3901
1309
512
612
712
812
34 years
37 years
45 years
47 years
If Rs. 500 amounts to Rs. 583.20 in two years compounded annually, find the rate of interest per annum.
7%p.a
8%p.a
9%p.a
10%p.a
The difference between the compound interest and simple interest on a certain sum at 10% per annum for 2 years is Rs. 631. Find the sum.
53,100
52,900
63,100
64,500
5400
6400
7400
8767
Find the compound interest on Rs. 10,000 in 2 years at 4% per annum, the interest being cmpounded half-yearly.
823
824.32
798.67
800
1 year
4 year
3 year
6 year
10%
12%
13%
15%
Find the compound interest on Rs. 16,000 at 20% per annum for 9 months, Compounded quarterly.
2344
2455
3244
2522
If the compound interest on a certain sum at 16 (2/3)% to 3 years is Rs.1270, find the simple interest on the same sum at the same rate and f or the same period.
1080
1089
2345
1908
A sum of money amounts to rs.6690 after 3 years and to rs.10,035 after 6 years on compound interest. Find the sum.
3467
4560
4460
7890
1261
1234
1256
1287