02 May 2016

QUESTIONS ON INSTALLMENTS [PART-II]

QUESTIONS ON INSTALLMENTS [PART-II] QUERY 11 Rs 9000 was borrowed at 20% p.a. compound interest to be repaid in two equal annual installments. What is the value of each installment? A) 5097.95 B) 4987.90 C) 5890.91 D) 5820.25 MAHA GUPTA 9000 is the Principal Rate of interest = 20% Therefore,

Maha Gupta 0 Read More
13 Sep 2015

QUESTIONS ON SIMPLE INTEREST (PART-II)

QUESTIONS ON SIMPLE INTEREST (PART-II) QUERY 11 The difference between the simple interest received from two different sources on Rs 1500 for 3 years in Rs 13.50. The difference between their rates of interest is? A) 0.1% B) 0.2% C) 0.3% D) 0.4% MAHA GUPTA Difference of interest for 1

Maha Gupta 0 Read More
13 Sep 2015

QUESTIONS ON SIMPLE INTEREST (PART-I)

QUESTIONS ON SIMPLE INTEREST (PART-I) QUERY 1 Ramesh borrows Rs 7000 from a bank at SI. After 3 years he paid Rs 3000 to the bank and at the end of 5 yrs from the date of borrowing he paid Rs 5450 to the bank to settle the account. Find

Maha Gupta 0 Read More
13 Sep 2015

QUESTIONS ON COMPOUND INTEREST

QUESTIONS ON COMPOUND INTEREST QUERY 1 A sum of Rs 1000 after 3 years at compound interest becomes a certain amount that is equal to the amount that is the result of a depreciation from Rs 1728. Find the difference between the rates of CI and depreciation, CI being given

Maha Gupta 0 Read More
13 Sep 2015

QUESTIONS ON SIMPLE & COMPOUND INTEREST (MIXED)

QUESTIONS ON SIMPLE & COMPOUND INTEREST (MIXED) QUERY 1 At a certain rate p.a. the SI on a sum of money for one year is Rs. 260 and the CI on the same sum for two years is Rs. 540.80. The rate of interest per annum is A) 4 B)

Maha Gupta 0 Read More
13 Sep 2015

QUESTIONS ON INSTALLMENTS [PART-I]

QUESTIONS ON INSTALLMENTS [PART-I] CASE-I TO FIND RATE OF SIMPLE INTEREST WHEN MONTHLY INSTALLMENT IS GIVEN QUERY 1 A sum of Rs 10 is lent to be returned in 11 monthly installments of Re 1 each, interest being simple. The rate of interest is? A) 100/11% B) 10% C) 11%

Maha Gupta 0 Read More