Sample Material of Our Online Coaching Programme
Subject: Basic Numeracy
Topic: Compound Interest
The effective annual rate of interest corresponding to a nominal rate of 6% per
annum payable half-yearly is:
Mr. Dua invested money in two schemes A and B offering compound interest @ 8
p.c.p.a. and 9 p.c.p.a. respectively. If the total amount of interest accrued
through two schemes together in two years was Rs. 4818.30 and the total
amount invested was Rs. 27,000, what was the amount invested in Scheme A?
(a) Rs. 12,000
(b) Rs. 14,500
(c) Rs. 16,000
(d) cannot be determined
A man borrows Rs. 2550 to be paid back with compound interest at the rate
of 4% per annum by the end of 2 years in two equal yearly instalments. How much
will each instalment be?
(a) Rs. 1275
(b) Rs. 1383
(c) Rs. 1352
(d) Rs. 1287
In a factory, the production of cement rises to 2420 tonnes from 2000 tonnes in
two years. Find the rate of growth per annum.