This discussion on Find compound interest on Rs 7500 at 4% per annum for 2 years, compounded annually.a]Rs 512b]Rs 552c]Rs 612d]Rs 622Correct answer is option 'C'. Can you explain this answer? is done on EduRev Study Group by Class 7 Students. The Questions and Answers of Find compound interest on Rs 7500 at 4% per annum for 2 years, compounded annually.a]Rs 512b]Rs 552c]Rs 612d]Rs 622Correct answer is option 'C'. Can you explain this answer? are solved by group of students and teacher of Class 7, which is also the largest student community of Class 7. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for Class 7 on EduRev and even discuss your questions like Find compound interest on Rs 7500 at 4% per annum for 2 years, compounded annually.a]Rs 512b]Rs 552c]Rs 612d]Rs 622Correct answer is option 'C'. Can you explain this answer? over here on EduRev! Apart from being the largest Class 7 community, EduRev has the largest solved Question bank for Class 7.
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Important Civilization in Rajasthan
15 Questions 15 Marks 10 Mins
Given:
Principal [P] = Rs. 7500
Rate % [R]= 4% per annum
Time Period [T] = 2 years
Formula Used:
\[{\rm{Amount}} = {\rm{P}}{\left[ {1 + \;\frac{R}{{100}}} \right]^T}\;\]
Calculation:
\[{\rm{Amount}} = 7500{\left[ {1 + \;\frac{4}{{100}}} \right]^2}\;\]
⇒ Amount = 7500 × [104/100]2
⇒ [7500 × 26 × 26]/[25 × 25]
⇒ 12 × 676 = Rs. 8112
∴ The Amount After 2 years will be Rs. 8112
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The compound interest on a certain sum of money at 11% for 2 years is ₹6963. Its simple interest [in ₹] at the same rate and for the same period is:
A] ₹6750 | B] ₹6600 |
C] ₹6000 | D] ₹6500 |
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3 7067
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The compound interest on a certain sum of money at 21% for 2 years is ₹9,282. Its simple interest [in ₹] at the same rate and for the same period is:
A] 8,500 | B] 8,400 |
C] 8,000 | D] 8,750 |
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2 4400
Q:
₹4,000 is given at 5% per annum for one year and interest is compounded half yearly. ₹2,000 is given at 40% per annum compounded quarterly for 1 year. The total interest received is nearest to:
A] ₹1,333.30 | B] ₹1,888.80 |
C] ₹1,130.70 | D] ₹1,444.40 |
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1 8874
Q:
A sum amounts to ₹18,600 after 3 years and to ₹27,900 after 6 years, at a certain rate percent p.a., when the interest is compounded annually. The sum is:
A] Rs. 14,600 | B] Rs. 12,400 |
C] Rs. 11,800 | D] Rs. 14,400 |
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A sum of ₹x was borrowed and paid back in two equal yearly instalments, each of ₹35,280. If the rate of interest was 5%, compounded annually, then the value of x is:
A] 64,400 | B] 65,600 |
C] 64,800 | D] 65,400 |
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4 7919
Q:
What is the compound interest on a sum of ₹8,100 for years at 8% per annum, if the interest is compounded 5-monthly? [Nearest to ₹1]
A] ₹837 | B] ₹873 |
C] ₹824 | D] ₹842 |
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2 9930
Q:
Ram deposited an amount of ₹ 8,000 in a bank’s savings account with interest 6.5% compounded monthly. What amount will he get at the end of 18 months?
A] Rs. 8816.97 | B] Rs. 8788.98 |
C] Rs. 8907.56 | D] Rs. 8790.54 |
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3 3784
Q:
The difference between the compound interest and simple interest on ₹ x at 9% per annum for 2 years is ₹20.25. What is the value of x ?
A] 2,500 | B] 2,400 |
C] 2,800 | D] 2,200 |
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4 2165