Compound Interest Questions and Answers - Arithmetic :: 4 :: part3

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Compound Interest QUESTIONS AND ANSWERS :: Arithmetic : part3 : 16 to 20

Following Compound Interest multiple choice objective type questions and answers will help you in many types of 2024 job and other entrance examinations :

16.A man borrows Rs.4000 from a beak at 71/2 compound interest. At the end of every year he pays Rs. 1500 as part repayment of loan and interest. How much does he still how to the bank after three such instalments:

Rs.123.25

Rs.125

RS.400

RS. 469.18

17.The compound interest on a certain sum of money for 2 years at 10% per annum is RS. 420. The simple interest on the same sum at the same rate and for the same time will be:

Rs. 350

Rs. 375

Rs. 380

RS. 400

18.The value of machine depreciates every year at the rate at108 on its value at the beginning of that year. If the present value of the machine is Rs. 729, its worth 3 years ago was:

Rs. 947.00

Rs.800

Rs. 1000

RS. 750.82

19.A sum is invested at compound interest payable annually. The interest in two successive years was Rs. 500 and Rs. 540. The sum is:

Rs. 3750

RS. 5000

RS. 5600

Rs. 6250

More Compound Interest QUESTIONS AND ANSWERS available in next pages

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Arithmetic Questions And Answers :: Compound Interest: part3