Easy Tutorial
For Competitive Exams

A man borrows Rs. 820 and undertakes to pay back with compound interest @ 5% p.a. in 2 equal yearly instalments at the end of first and second year. What is the amount of each installment?

Rs.156
Rs. 241
Rs. 546
Rs. 441
Explanation:

Here, (1 + r) = 1 + 120=2120120=2120
Ratio of principals of two instalments = 1 : 20212021 = 21 : 20
Sum of ratios = 21 + 20 = 41
Principal of first instalment = 21412141 x 820 = Rs. 420
Therefore, Instalment = Principal of first instalment x (1 + r)
= 420 x 21202120 = Rs. 441
Additional Questions

A man borrows Rs. 1820 and undertakes to pay back with compound interest @ 20% p.a. in 3 equal yearly installments at the end of first, second and third years. What is the amount of each installment?

Answer

A certain sum is to be divided between A and B so that after 5 years the amount received by A is equal to the amount received by B after 7 years. The rate of interest is 10%, interest compounded annually. Find the ratio of amounts invested by them.

Answer

A father wants to divide Rs. 5100 between his two sons, Mohan and Sohan who are 23 and 24 at present. Divide the amount in such a way that if their shares are invested at compound interest @ 4% p.a. they will receive equal amount on attaining the age of 26 years. Find Mohans share.

Answer

Find the difference between Compound Interest and Simple Interest on Rs. 4000 for 1 year at 10% p.a., if the interest is compounded half-yearly.

Answer

Find the difference between Compounded Interest and Simple Interest on Rs. 1000 for 3 years at 10% p.a., if interest is compounded annually.

Answer

Find the difference between Compound Interest and Simple Interest on Rs. 10000 for 4 years at 10% p.a., if interest is compounded annually

Answer

If Compound Interest on a certain sum for 2 years @ 5% p.a. is Rs. 328, the Simple interest will be ?

Answer

If a certain sum of money invested at a certain rate of compound interest doubles in 6 years. In how many years will it become 8 times?

Answer

A sum of money becomes Rs.6690 after three years and Rs.10,035 after 6 years on compound interest. The sum is

Answer

Rs.1600 at 10% per annum compound interest compound half-yearly amount to Rs.1944.81 in

Answer
Share with Friends
Privacy Copyright Contact Us