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Priya and khushi invested Rs.3000 together. Priya invested her amount at compound interest for ‘x/10’ years at x% rate interest and khushi invested half of her amount at compound interest and remaining half at simple interest at the same rate of interest for the same time period. [It is given that ‘x/10’ is a natural number] What is the value of ‘x’? Statement I: Ratio of investment of priya and khushi is 1 : 2 respectively and total sum received by them together after a particular time at x% rate of interest is Rs. 4280. Statement II: Simple interest received by khushi is Rs. 40 less than compound interest received by her. Statement III: Sum of simple interest and compound interest received by khushi after a certain time at x% rate of interest is Rs. 2500 Which of the above statement is redundant to find the answer of the given question?
Given below are three quantities named 1, 2 and 3. Based on the given information, you have to determine the relationship between the three quantities. You should use the given data and knowledge of Mathematics to choose between the possible answer. Quantity 1: An automobile 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. Quantity 2: A sum of Rs. 725 is lent at the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest? Quantity 3: The difference between the compound interest and the simple interest on an amount of 15000 for 2 years is Rs. 96. What is the rate of interest per annum?
The question below is followed by statements I, II, and III. You have to determine whether the data given in the statement is sufficient for answering the question. You should use the data and your knowledge of Mathematics to choose the best possible answer. The difference between the compound interest and simple interest on a certain sum at a certain rate of interest per annum for two years is 204.20. What is the amount received on the sum of compound interest at the same rate of interest at the end of three years. I. The difference between the compound interest and the simple interest on the sum for three years is 804.258. II. The sum becomes Rs. 14528 at the end of one year. III. The compound interest on the sum for two years is 7% more than the simple interest on the sum for two years.
X saves Rs. M by transferring the amount to fixed deposit for period of 3 years at 10% rate of interest on compound interest but since government taxes interest more than Rs. 10,000 per year in fixed deposits of banks, X removes Rs. 10,000 from amount transferred to prevent the amount from getting taxed. The amount withdrawn is reinvested into a startup at 12.5% simple interest for 5 years. What is interest earned by X at end of 3 years? Assume that the interest incurred at the end of one year from FD is equal to Rs. 10,000.
The pie chart given below shows the amount spent by a boy on the purchase of six different items. The total amount spent on all these six items is Rs. 54000. The amount spent on a specific item is represented as a degree with reference to the total amount spent on all these six items. Which of the following statement(s) is/are correct? I. The amount spent on article A is Rs.900 less than the amount spent on article B. II. The amount spent on article C is Rs 2400 more than the amount spent on article D. III. The ratio of the amount spent on article B to the amount spent on article E is 4 : 1.
A person takes a some amount on loan at 3% per annum simple interest payable annually. Immediately he gives it on loan at 5% per annum compound interest payable half yearly. At the end of year he earns profit of Rs. 330/-. How much amount he tooks on loan?
The amount payable on maturity of a certain sum which is invested for 5 years at a certain rate per cent p. a. is Rs. 9,800 and the amount payable on the same sum invested for 10 years at the same rate is Rs. 12,600. If simple interest is offered in both cases, the rate of interest p. a. is:
The following questions are accompanied by three statements (I), (II), and (III). You have to determine which statements(s) is/are sufficient/necessary to answer the questions. What will be the compound interest earned on a sum in two years? I. The simple interest on the same amount at the same rate of interest in two years is Rs. 800. II. The amount becomes more than double at compound interest in 10 years. III. The simple interest on the same amount at the same rate of interest in three years is Rs. 1,200.
Each of the questions below consists of a question and three statements number I, II and III given below it. You have to decide whether the data provided in the statement are sufficient to answer the question. Priya and khushi invested Rs.3000 together. Priya invested her amount at compound interest for ‘v/10’ years at v% rate interest and khushi invested half of her amount at compound interest and remaining half at simple interest at the same rate of interest for the same time period. [It is given that ‘v/10’ is a natural number] What amount is received by Khushi after ‘v/10’ years? Statement I: Value of ‘v’ can be determined by the equation : 3v2 – 55v - 100 = 0. Statement II: Priya invested Rs. 1000 less than amount invested by Khushi. Statement III: Total sum received Priya and Khushi together after ‘v/10’ years is Rs. 4280.
Each of the question below consists of a question and three statements number I, II and III given below it. You have to decide whether the data provided in the statement are sufficient to answer the question. What is the rate of interest? I. Sum A becomes double in 4 years when invested at a certain rate interest per annum. (Consider simple interest) II. Mamta invests Rs. 5000 for t years and sajan invests Rs 3000 for T years at same rate of interest. Ratio of interest earned is 4 : 7. (Consider simple interest) III. Sum S becomes quadruple when invested in compound interest for 2 years at a certain rate of interest per annum.