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6.
Kamal borrows Rs. 500 from a bank. If the bank charges interest at 6% per annum, how much amount shall he pay after 2 years?
- A.Rs. 560.00
- C.Rs. 572.70
- B.Rs. 561.80
- D.Rs. 512.40
- Answer & Explanation
- Report
Answer : [B]
Explanation :
Explanation :
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7.
The difference between the simple interest and the compound interest on Rs. 60 for 1 year at 10% per annum, reckoned half-yearly is
- A.Rs. 1
- C.Rs. 2
-
B.
1 1 2 - D.None of these
- Answer & Explanation
- Report
Answer : [B]
Explanation :
Explanation :
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8.
If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same sum at the same rate and for the same time?
- A.Rs. 51.25
- C.Rs. 54.25
- B.Rs. 52
- D.Rs. 60
- Answer & Explanation
- Report
Answer : [A]
Explanation :
Explanation :
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9.
What will be the amount if a sum of Rs. 5000 is placed at compound interest for 3 years while rate of interest for the first, second and third years is 2, 3 and 4 percent, respectively?
- A.Rs. 5643.12
- C.Rs. 6413.12
- B.Rs. 5463.12
- D.None of these
- Answer & Explanation
- Report
Answer : [B]
Explanation :
Explanation :
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10.
Simple interest on a sum at 4 % per annum for 2 years is Rs. 80. The compound interest on the same sum for the same period is
- A.Rs. 81.60
- C.Rs. 1081.60
- B.Rs. 160
- D.None of these
- Answer & Explanation
- Report
Answer : [A]
Explanation :
Explanation :
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