A. 5 %
B. 10 %
C. 15 %
D. 20 %
Explanation:
P be the principle and R % Per annum be the rate.
P(1 + R/100) 3 = 10648 – (i)
P(1 + R/100) 2 = 9680 – (ii)
By dividing (i) and (ii)
(1 +R/100) = 10648/9680 Or
R/100 = 968/9680 = 1/10 or
R = 10 %
Related Mcqs:
- 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 sum of money amounts to Rs 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is :
A. 5%
B. 8%
C. 12%
D. 15% - A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:
A. 5%
B. 8%
C. 12%
D. 15% - A sum amounts to Rs. 2916 in 2 years and to Rs.3149.28 in 3 years at compound Interest. The sum is_________?
A. Rs.1500
B. Rs.2000
C. Rs.2500
D. Rs.3000 - A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is :________?
A. Rs. 700
B. Rs. 690
C. Rs. 650
D. Rs. 698 - 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 - A sum of money invested at C.I. amounts to Rs. 800 in 3 years to Rs. 840 in 4 years. The rate of interest per annum is______?
A. 2 1/2 %
B. 4%
C. 5%
D. 6 2/3 % - A money lender borrows money at 4% P.a and pays interest at the end of the year. He lends it at 6% P.a compound interest compounded half-yearly and receives the interest at the end of the year. Thus be gains Rs 104.50 a year. The amount of money he borrows is_________?
A. Rs 4500
B. Rs 5000
C. Rs 5500
D. Rs 6000 - A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest What is the rate of interest ?
A. 3%
B. 4%
C. 5%
D. 6% - A sum of Rs. 2500 amounts to Rs. 3875 in 4 years at the rate of simple interest. What is the rate of interest?
A. 12.25%
B. 12%
C. 6%
D. 13.75%
