Questions

Pushpanjali is planning to borrow a loan of Rs 5,00,000 from a bank for 1 year and visited 3 banks and found the interest rates as follows: 

Bank A: Rate of interest 10.5$\rm \%$. It is compounded in each year. 

Bank B: Rate of interest 10$\rm \%$. It is compounded in each 6 months. 

Bank C: Rate of interest 9.5$\rm \%$. It is compounded in each 3 months.

1. How much interest does Bank A charge?
2. How much interest does Bank B charge?
3. How much interest does Bank C charge?
4. Which bank is preferable for loan borrowing?

Pushpa is planning to deposit his money Rs 4,00,000 in a bank for 1 year and visited 3 banks and found the interest rates as follows: 

Bank A: Annual compound interest at the rate of 16$\rm \%$. 

Bank B: Semi-annual compound interest at the rate of 15$\rm \%$.

 Bank C: Quarterly compound interest at the rate of 14$\rm \%$.

1. How much interest does Bank A provide? 
2. How much interest does Bank B provide?
3.  How much interest does Bank C provide?
4. Which bank is preferable for deposit?

Arohi is planning to deposit Rs 16000 in a foreign bank which pays interest at the rate 10$\rm \%$ per annum.

1. If Bank A provides semi-annual compound interest then find the semi-annual compound interest after 1 year.
2.  If another bank B provides quarterly compound interest then find the quarterly compound interest after I year.
3. Which bank is preferable for deposit and why? 
    

Manita is planning to deposit Rs 40000 for 9 months, at 10$\rm \%$ per annum in a bank. 

1. If bank A provides semi-annual compound interest then find the semi-annual compound interest. 
2. If another bank B provides quarterly-based compound interest then find the quarter compound interest.
3. What is the difference between interests in (1) and (2)?
4.  Which bank is preferable for deposit and why? 
    

The difference between the annual compound interest for 2 years and the quarterly compound interest for 1 year on a sum of money at the interest rate of 15$\rm \%$ per annum is Rs 2457.74

1. Find the sum.
2. Find the annual compound interest
3. Find the quarterly compound interest.

The difference between the annual compound interest for 2 years and the quarterly compound interest for 1 year on a sum of money at the interest rate of 20$\rm \%$ per annum is Rs 6285.825.

1.  Find the sum. 
2. Find the annual compound interest
3.  Find the quarterly compound interest.

A sum of money Rs 40000 compounded annually for 2 years at the rates of interest for the years 10$\rm \%$ and 15$\rm \%$ respectively. 

1.  Find the amount compounded annually
2. Find the total compound interest.
3.  If the single rate of interest of 12$\rm \%$ is used to calculate the annual compound amount and the sum, then find the new compound amount. 
    

A sum of money Rs 25000 compounded annually for 2 years. The rates of interest for two years are 10$\rm \%$ and 12$\rm \%$  respectively.

1.  Find the amount compounded annually.
2.  Find the total compound interest.
3. If the single rate of interest is an average of 10$\rm \%$  and 12$\rm \%$  i.e. 11$\rm \%$  is used, then find the annual compound amount of the sum. 
4. Which of the compound amounts (1) or (3) is more?

The difference between the semi-annual compound interest and the annual compound interest on a sum of money for 2 years at the interest rate of 20$\rm \%$ per annum is Rs 241.

1.  Find the sum.
2. Find the semi-annual compound interest.
3. Find the annual compound interest. 
    

The difference between the semi-annual compound interest and the annual compound interest on a sum of money for 2 years at the interest rate of 20$\rm \%$ per annum is Rs 482.

1.  Find the sum.
2. Find the semi-annual compound interest.
3. Find the annual compound interest.