EASY
SSC CGL Tier 1
IMPORTANT
Earn 100

A sum of Rs.53000 was taken as a loan. This is to be repaid in two equal annual instalments. If the rate of interest be 12% per annum, compounded annually, the value of each instalment is :

50% studentsanswered this correctly

Important Questions on Compound Interest

EASY
SSC CGL Tier 1
IMPORTANT
Arithmetic Subjective and Objective for Competitive Examinations>Chapter 22 - Compound Interest>Exercise>Q 1
The annual rate of compound interest, by which a sum of money becomes 12564 times of itself in three years, is:
EASY
SSC CGL Tier 1
IMPORTANT
Arithmetic Subjective and Objective for Competitive Examinations>Chapter 22 - Compound Interest>Exercise>Q 2
What would be the compound interest obtained on an amount of ₹4,000 at the rate of 5% per annum after 3yr ?
EASY
SSC CGL Tier 1
IMPORTANT
Arithmetic Subjective and Objective for Competitive Examinations>Chapter 22 - Compound Interest>Exercise>Q 3
In how many years will a sum of Rs.800 at 10% per annum compound interest, compounded semi-annually becomes Rs.926.10?
EASY
SSC CGL Tier 1
IMPORTANT
Arithmetic Subjective and Objective for Competitive Examinations>Chapter 22 - Compound Interest>Exercise>Q 4
A man deposited a total sum of ₹88400 in the name of his two sons aged 19 and 17 years so that at the age of 21, both will get equal amounts. If the money is invested at the rate of 10% compound interest per annum what are the shares of his two sons?
MEDIUM
SSC CGL Tier 1
IMPORTANT
Arithmetic Subjective and Objective for Competitive Examinations>Chapter 22 - Compound Interest>Exercise>Q 5
A sum of money was invested for 14 years in Scheme A, which offered simple interest at a rate of 8% p.a. The amount received from Scheme A after 14 years was then invested for two years in Scheme B, which offers compound interest (compounded annual) at a rate of 10% pa. If the interest received from Scheme B was Rs. 6678, what was the sum invested in Scheme A?
EASY
SSC CGL Tier 1
IMPORTANT
Arithmetic Subjective and Objective for Competitive Examinations>Chapter 22 - Compound Interest>Exercise>Q 6
Puneeta borrowed from Reena a certain sum for two years at simple interest. Puneeta lent this sum to Venu at the same rate for two years at compound interest. At the end of two years, she received Rs.110 as compound interest but paid Rs.100 as simple interest. Find the sum and rate of interest.