A. 2
B. 2 1/2
C. 3
D. 4
Explanation:
Amount = (30000 + 4347) = Rs. 34347
Let the time be n years. Then,
30000(1 + 7/100)n = 34347
= (107/100)n = 34347/30000 = (107/100)2
n = 2 years.
Related Mcqs:
- If the rate of interest be 4% per annum for first year 5% per annum for the second year and 6% per annum from the third year then the compound interest of Rs 10000 for 3 years will be_________?
A. Rs 1575.20
B. Rs 1600
C. Rs 1625.80
D. Rs 2000 - Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:_______?
A. Rs. 1550
B. Rs. 1650
C. Rs. 1750
D. Rs. 2000 - Sehar gave Shazia Rs.1250 on compound interest for 2 years at 4% per annum. How much loss would Sehar has suffered had she given it to Shazia for 2 years at 4% per annum simple interest?
A. Rs.10
B. Rs.2
C. Rs.5
D. Rs.3 - The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?
A. 8
B. 10
C. 12
D. Cannot be determined - Simple Interest on a sum at 4% per annum for 2 years is 80. The compound interest on the same sum for the same period is_________?
A. Rs. 81.60
B. Rs. 160
C. Rs. 1081.60
D. None of these - A man invests a certain sum of money at 6% per annum simple interest and another sum at 7% per annum simple interest. His income from interest after 2 years was Rs. 354. One-forth of the first sum is equal to one-fifth of the second sum. The total sum invested was :
A. Rs.3100
B. Rs.2700
C. Rs.2200
D. Rs.1800 - A deposited Rs 6000 in a bank at 5% Per annum simple interest. B deposited Rs 5000 at 8% P.a Compound interest. After 2 years the difference between their interest will be:_________?
A. Rs 230
B. Rs 232
C. Rs 600
D. Rs 832 - The difference between compound interest and simple interest at the same rate on Rs 5000 for 2 years is Rs 72. The rate of interest per annum is:___________?
A. 6%
B. 8%
C. 10%
D. 12% - A, B and C enter into a partnership. They invest Rs. 40,000, Rs. 80,000 and Rs. 1,20,000 respectively. At the end of the first year, B withdraws Rs. 40,000, while at the end of the second year, C withdraws Rs. 80,000. IN what ratio will the profit be shared at the end of 3 years?
A. 2:3:5
B. 3:4:7
C. 4:5:9
D. None of these - A, B and C enter into a partnership. They invest Rs. 40,000, Rs. 80,000 and Rs. 1,20,000 respectively. At the end of the first year, B withdraws Rs. 40,000, while at the end of the second year, C withdraws Rs. 80,000. In what ratio will the profit be shared at the end of 3 years?
A. 2 : 3 : 4
B. 3 : 2 : 4
C. 3: 2 : 1
D. 3: 4 : 7
