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A sum of money invested at compound interest to Rs. 800 in 3 years and to Rs 840 in 4 years. The rate on interest per annum is.

  • 4%
  • 5%
  • 6%
  • 7%
Similar Questions :

1. At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years

  • 3%
  • 4%
  • 5%
  • 6%

2. Albert invested amount of 8000 in a fixed deposit for 2 years at compound interest rate of 5 % per annum. How much Albert will get on the maturity of the fixed deposit.

  • Rs. 8510
  • Rs. 8620
  • Rs. 8730
  • Rs. 8820

3. Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is

  • Rs 1650
  • Rs 1750
  • Rs 1850
  • Rs 1950

4. If the simple interest on a sum of money for 2 years at 5% per annum is Rs.50, what will be the compound interest on same values

  • Rs.51.75
  • Rs 51.50
  • Rs 51.25
  • Rs 51

5. Find the compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually.

  • Rs. 610
  • Rs. 612
  • Rs. 614
  • Rs. 616
Read more from - Compound Interest Questions Answers
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  • Admin 11 years ago

    Hello Harish,

    We need to calculate the S.I. for one year, so that we can calculate the Rate by putting it in formula of simple interest.
    But if you are confused that why it is being calculated by S.I. formula rather than Compound interest formula. Then please be informed that you can calculate it either way, answer will be same. So to save time and to solve it quickly we use Simple Interest formula.

  • harish 11 years ago

    i need full explination plz icant understand how it is why should we find first find the simpleintrest