At what rate percent per annum will a sum of ₹ 1000 am

Previous Year Papers

Download Solved Question Papers Free for Offline Practice and view Solutions Online.

Test Series

Take Zigya Full and Sectional Test Series. Time it out for real assessment and get your results instantly.

Test Yourself

Practice and master your preparation for a specific topic or chapter. Check you scores at the end of the test.
Advertisement

 Multiple Choice QuestionsMultiple Choice Questions

41.

In what time (in years) will â‚¹ 8,000/- amount to â‚¹ 9,261/- at 5% per annum, compounded annually?

  • 3

  • 3 1 half

  • 4

  • 4 1 half

47 Views

42.

If the difference between the compound interest and the simple interest on a certain sum at the rate of 5% per annum for 2 years is â‚¹ 20/-, then the sum is

  • ₹ 2,000

  • ₹ 4,000

  • ₹ 6,000

  • ₹ 8,000

70 Views

43.

A sum of money amounts to Rs 6,655/- at the rate of 10% compounded annually for 3 years. The sum of money is:

  • Rs 5,000

  • Rs 5,500

  • Rs 6,000

  • Rs 6,100

70 Views

44.

If a sum of Rs 12,500/- is invested for 1 year at 12% per annum interest being compounded semi-annually, then interest earned is

  • Rs 1,505

  • Rs 1,535

  • Rs 1,545

  • Rs 1,550

42 Views

Advertisement
45.

A sum of money at compound interest doubles itself in 15 yr. It will become eight times of itself in

  • 45 yr

  • 48 yr

  • 54 yr

  • 60 yr

44 Views

Advertisement

46.

At what rate percent per annum will a sum of ₹ 1000 amount to ₹ 1102.50 in 2yr at compound interest?

  • 5

  • 5.5

  • 6

  • 6.5


A.

5

Shortcut Method:
Start putting with an option .e.g take r = 5% as given in first option.
Now check,
P = ₹ 1000
    1000 rightwards arrow with 5 percent sign space equals 50 on top 1050 rightwards arrow with 5 percent sign space equals space 52.5 on top box enclose 1050 space plus space 52.5 space equals space 1102.50 end enclose
Thus r = 5% is the right choice.

47 Views

Advertisement
47.

The difference between the compound interest and simple interest on ₹ 10000 for 2 yr is ₹ 25. The rate of interest per annum is

  • 5%

  • 7%

  • 10%

  • 12%

40 Views

48.

A sum of money placed at compound interest doubles itself in 4 yr. In how many years will it amount to four times itself?

  • 12 yr

  • 13 yr

  • 8 yr

  • 16 yr

40 Views

Advertisement
49.

If the difference between SI and CI for 2 yr on a sum of money lent at 5% is ₹ 6, then the sum is

  • ₹ 2200

  • ₹ 2400

  • ₹ 2600

  • ₹ 2000

39 Views

50.

A person takes a loan of ₹ 10000 partly from a bank at 8% per annum and remaining from another bank at 10% per annum. He pays a total interest of ₹ 950 per annum. Amount of loan taken from the first bank (in ₹) is

  • 2500

  • 5200

  • 2050

  • 5020

36 Views

Advertisement