PrepMart

Explanation

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Question ID: 2796

Question 2 of 20

What sum of money lent out at compound interest will amount to Rs. 968 in 2 years at 10% per annum, interest being charged annually?

Explanation

800

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Question ID: 2795

Question 3 of 20

A sum of Rs. 1600 lent at simple interest at 12.5% per annum will become double in

Explanation

8 years

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Question ID: 2794

Question 4 of 20

The simple interest on a certain sum of money for 4 years at 4 percent per annum exceeds the compound interest on the same sum for 3 years at 5 percent per annum by Rs. 57. Find the sum.

Explanation

24000

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Question ID: 2793

Question 5 of 20

A man borrows Rs. 4,000 from a bank at 7 1 2 % interest. At the end of every year, he pays Rs. 1,500 as part repayment of loan and interest. How much does he still owe to the Bank after 3 such annual payments?

Explanation

123.25

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Question ID: 2792

Question 6 of 20

The value of mobile phone which was purchased 2 years ago depreciates at 12% p.a.. If its present value is Rs 9680, for how much was it purchased?

sim

Explanation

12500

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Question ID: 2791

Question 7 of 20

Find the compound interest on Rs. 8000 for 3 year at 5% per annum.

Explanation

1261

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Question ID: 2790

Question 8 of 20

S.I. on Rs. 1500 at 7% per annum for a certain time is Rs. 210. Find the time.

Explanation

2 years

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Question ID: 2789

Question 9 of 20

The cost of a machine is estimated to be decreasing at the rate of 15% every year. If it costs Rs. 6,000 now, what will be the estimated value of the machine after 2 years?

Explanation

4335

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Question ID: 2788

Question 10 of 20

A sum was put at simple interest at a certain rate for 2 years. Had it been put at 3% higher rate, it would have fetched Rs. 72 more find the sum: