
A man buys a scooter on making a cash down payment of Rs. 16224 and promises to pay two more yearly installments of equivalent amount in next two years. If the rate of interest is 4% per annum, compounded yearly, the cash value of the scooter, is ?
Rs.40,000
Rs.46,824
Rs.46,000
Rs.50,000

Important Questions on Percentages




What is the ratio of simple interest earned on certain amount at the rate of p.a. for years and that for years ?
1.
2.
3.
4.

What will be the simple interest on a sum of Rs. 10000 after 3 years at the rate of 7.3% per annum?
(A) Rs. 2,190
(B) Rs. 2,19,000
(C) Rs. 2,200
(D) Rs. 2,180

A sum of becomes in years at a certain rate of compound interest. What will be the sum (in ) after years?


On a certain principal, simple interest amounts to Rs. 1000 in 1 year at the rate of 10% p.a. What will be the effective rate of interest if the same is compounded on a half-yearly basis?
1. 10.10
2. 10.15
3. 10.20
4. 10.25












