A sum of money is borrowed and paid back in two annual installments of Rs. 882 each allowing 5% C.I. The sum borrowed was?

Related Mcqs:

1. 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

2. Two tailors X and Y are paid a total of Rs. 550 per week by their employer. If X is paid 120 percent of the sum paid to Y, how much is Y paid per week?

   A. Rs. 200
   B. Rs. 250
   C. Rs. 300
   D. None of these

3. A man was employed on the promise that he will be paid the highest wages per day. The contract money to be paid was Rs. 1189. Finally he was paid only Rs. 1073. For how many days did he actually work?

   A. 39
   B. 40
   C. 37
   D. 35

4. Find the sum The difference between the compound and S.I. on a certain sum of money for 2 years at 10% per annum is Rs.15of money?

   A. 1500
   B. 1800
   C. 2100
   D. 1950

5. A car is purchased on hire-purchase. The cash price is $21 000 and the terms are a deposit of 10% of the price, then the balance to be paid off over 60 equal monthly installments. Interest is charged at 12% p.a. What is the monthly installment?

   A. $503
   B. $504
   C. $505
   D. $506

6. Rs. 800 at 5 % Per annum compound interest will amount to Rs. 882 in________?

   A. 1 Year
   B. 2 years
   C. 3 Years
   D. 4 Years

7. 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 rate and for the same time?

   A. Rs. 51.25
   B. Rs. 52
   C. Rs. 54.25
   D. Rs. 60

8. The S.I. on a certain sum of money for 3 years at 8% per annum is half the C.I. on Rs. 4000 for 2 years at 10% per annum. The sum placed on S.I. is________?

   A. Rs. 1550
   B. Rs. 1650
   C. Rs. 1750
   D. Rs. 2000

9. The compound interest on a certain sum of money for 2 years at 10 % per annum is Rs.420. The simple interest on the same sum at the same rate and for the same time will be_______?

   A. Rs.350
   B. Rs.375
   C. Rs. 380
   D. Rs. 400

10. A sum of money is put out at compound interest for 2 years at 20%. It would fetch Rs.482 more if the interest were payable half-yearly, then it were pay able yearly. Find the sum.

    A. Rs.4000
    B. Rs.1000
    C. Rs.1250
    D. Rs.2000