Easy Tutorial
For Competitive Exams

If the simple interest on a sum of money for 2 years at 5% per annum is Rs.50, what will be the compound interest on same values

Rs.51.75
Rs 51.50
Rs 51.25
Rs 51
Explanation:

S.I.=P∗R∗T/100
P=(50∗100)/5∗2=500
Amount=500(1+5/100)^2
500(21/20∗21/20)=551.25
C.I.=551.25−500
=51.25
Additional Questions

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Rs 1. Find the sum

Answer

A sum of money at simple interest amounts to Rs. 2240 in 2 years and to Rs. 2600 in 5 years. What is the principal amount

Answer

In how many years Rs 150 will produce the same interest at 8% as Rs. 800 produce in 3 years at 9/2%

Answer

A 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.

Answer

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

Answer

Albert invested amount of 8000 in a fixed deposit for 2 years at compound interest rate of 5 % per annum. How much Albert will get on the maturity of the fixed deposit.

Answer

A plot is sold for Rs. 18,700 with a loss of 15%. At what price it should be sold to get profit of 15%.

Answer

A man gains 20% by selling an article for a certain price. If he sells it at double the price, the percentage of profit will be.

Answer

The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25% then determine the value of x.

Answer

In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit

Answer
Share with Friends
Privacy Copyright Contact Us