Arithmeticmedium · Past Paper
Compound interest on Rs 10000 for 2 years at 4% per annum, interest being payable half-yearly, is:
ARs 824.32
BRs 828.56
CRs 832.10
DRs 840
✓ Correct Answer: A — Rs 824.32
R = 2%, T = 4 periods. A = 10000(1.02)^4 = 10824.32. CI = 824.32.
Share this question
More from Arithmetic
- What sum of money will amount to Rs 1331 in 3 years at 10% compound interest?
- Divide 60 in the ratio 1:2:3. The parts are:
- A man buys a cycle for Rs. 2500 and spends Rs. 500 on its repair. He sells it for Rs. 3300. Find his profit %.
- If the profit made on selling an article for Rs. 1920 is equal to the percentage of loss made on selling the same article for Rs. 1280, at what price should it be sold to make 25% profit?
- A pen is sold for Rs. 120 at a profit of Rs. 20. What was the cost price?