A. Rs. 1851
B. Rs. 1941
C. Rs. 1951
D. Rs. 1961
Explanation:
Advertisement
P = Rs. 15625, n = 9 months = 3 quarters, R = 16% p.a. per quarter.
Amount = [15625 * (1 + 4/100)3]
= (15625 * 26/25 * 26/25 * 26/25) = Rs. 17576 C.I. = 17576 – 15625 = Rs. 1951.
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 - Find the C.I. on a sum of Rs.1600 for 9 months at 20% per annum, interest being compounded quarterly?
A. Rs.17684
B. Rs.1684
C. Rs.2522
D. Rs.3408 - Find the amount on Rs.8000 in 9 months at 20% per annum, if the interest being compounded quarterly?
A. Rs.1261
B. Rs.9261
C. Rs.9621
D. Rs.9162 - 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 - The Compound interest on Rs 16000 for 9 months at 20% P.a compounded quarterly is:__________?
A. Rs 2518
B. Rs 2520
C. Rs 2522
D. Rs 2524 - 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 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 - 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 - An amount of 5,000 is invested at a fixed rate of 8 per cent per annum. What amount will be the value of the investment in five years time, if the interest is compounded every six months?
A. 7401.22
B. 3456
C. 4567
D. 7890 - 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
Advertisement
