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11.
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- A.Rs. 7000
- C.Rs. 5000
- B.Rs. 8000
- D.None of these
- Answer & Explanation
- Report
Answer : [C]
Explanation :
Explanation :
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12.
The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in year) is :
- A.2
- C.3
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B.
2 1 2 - D.4
- Answer & Explanation
- Report
Answer : [A]
Explanation :
Explanation :
| Amount = Rs. (30000 + 4347) = Rs. 34347. | |||||||||||||||||||||
| Let the time br n years. Then, | |||||||||||||||||||||
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13.
A man borrows Rs. 12,500 at 20% compound interest. At the end of every year he pays Rs. 2000 as part repayment. How much does he still owe after three such installments?
- A.Rs. 12,000
- C.Rs. 15,600
- B.Rs. 12,864
- D.None of these
- Answer & Explanation
- Report
Answer : [D]
Explanation :
Explanation :
| Balance | ||||||||||||||||||||||||||||||||||
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| = Rs. [21600 - (2880 + 2400 + 2000)] = Rs. 14320. | ||||||||||||||||||||||||||||||||||
14.
The present worth of Rs. 169 due in 2 years at 4% per annum compound interest is:
- A.Rs. 150.50
- C.Rs. 156.25
- B.Rs. 154.75
- D.Rs. 158
- Answer & Explanation
- Report
Answer : [C]
Explanation :
Explanation :
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15.
A man borrowed Rs. 3125 for compound interest and it amounted to Rs. 4500 in 2 years. The rate of compound interest per annum is
- A.30%
- C.20%
- B.25%
- D.15%
- Answer & Explanation
- Report
Answer : [C]
Explanation :
Explanation :
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