A. Rs.4400
B. Rs.4445
C. Rs.4460
D. Rs.4520
Explanation:
Sum be P
P(1 + R/100)3 = 6690 – (i)
P(1 + R/100)2 = 10, 035 – (ii)
By dividing (i) and (ii)
(1 + R/100)3 = 10035/6690 = 3/2
Therefore, P = (6690 x 2/3) = Rs. 4460
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 Rs.4800 is invested at a compound interest for three years, the rate of interest being 10% p.a., 20% p.a. and 25% p.a. for the 1st, 2nd and the 3rd years respectively. Find the interest received at the end of the three years.
A. Rs.2520
B. Rs.3120
C. Rs.3320
D. Rs.2760
E. None of these - 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 - 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 - 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 - 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 - 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 amount to Rs.1344 in two years at simple interest. What will be the compound interest on the same sum at the same rate of interest for the same period?
A. Rs.150
B. Rs.140
C. Rs.130
D. Data insufficient for the answer - An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes :_________?
A. 10%
B. 10.25%
C. 10.50%
D. None of these - A sum of money placed at compound interest doubles itself in 5 years in how many years it would to 8 times of itself at the same rate of interest?
A. 7 years
B. 10 years
C. 15 years
D. 20 years
