Question

    What is the rate of compound interest annually?

    I. An amount doubles itself in 5 years on

    simple interest

    II. Difference between the compound interest

    and the simple interest earned on a certain

    amount in 2 years is Rs. 400

    III. Simple interest earned per annum is Rs.

    2000

    A I only Correct Answer Incorrect Answer
    B II and III only Correct Answer Incorrect Answer
    C All Correct Answer Incorrect Answer
    D only I or II and III only Correct Answer Incorrect Answer

    Solution

    From (I) condition 1 = 1× R × 5/100 R=20% We can find the rate. from (ii) & (iii) given -CI-SI= 400 T=2y SI=2000 r= (400/2000)00 =100/5=20%

    Practice Next
    ×
    ×