At what rate of interest will be Rs 20000 becomes Rs 24200 after 2 years when interest is compounded annually?

Related Mcqs:

1. The simple interest on Rs.12000 at a certain rate of interest in five years is Rs.7200. Find the compound interest on the same amount for five years at the same rate of interest.

   A. Rs.3502.80
   B. Rs.3052.40
   C. Rs.3054.8
   D. Rs.3052.80
   E. None of these

2. The difference between the compound interest compounded annually and simple interest for 2 years at 20% per annum is Rs.144. Find the principal?

   A. Rs.3000
   B. Rs.3300
   C. Rs.3600
   D. Rs.3900

3. 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

4. A man deposited Rs 6000 in a bank at 5% P.a simple interest another man deposits Rs 5000 at 8% P.a Compounded interest. After 2 years the difference of their interest will be_________?

   A. Rs 230
   B. Rs 232
   C. Rs 600
   D. Rs 832

5. Nabeela took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest ?

   A. 3.6
   B. 6
   C. 18
   D. Cannot be determined

6. The difference between simple and compound interest (compounded-annually) on a sum of money for 2 years at 10% per annum is Rs 65. The sum is_________?

   A. Rs 6500
   B. Rs 6565
   C. Rs 65065
   D. Rs 65650

7. 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

8. 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

9. The difference between simple interest and compound interest at the same rate for Rs.5000 for 2 years is Rs. 72. The rate of interest is?

   A. 10 %
   B. 12 %
   C. 6 %
   D. 8 %

10. 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%