Simple Interest, Compound Interest - Mathematics Questions and Answers


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(Q1) Mathematics » Simple Interest, Compound Interest

A bank offers 5% compound interest per half year. A customer deposits 3200 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:

A

 976

B

244

C

488

D

122

(Q2) Mathematics » Simple Interest, Compound Interest

A certain sum is deposited for 4 years at a rate of 10% per annum on compound interest compounded annually. The difference between the interest at the end of 2 years and that at the end of 4 years is ₹5,082. Find the sum (in ₹).

A

10164

B

20000

C

50820

D

25500