Simple & Compound Interest



Question (9/66)

A sum of money invested at compound interest amounts to INR 800 in 3 years and to INR 840 in 4 years. What is rate of interest per annum ?

(A)  3%


(B)  4%


(C)  5%


(D)  6%


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Question (10/66)

John invested money in two different schemes A and B offering compound interest rate at 8% per annum and 9% per annum respectively. If the total amount of interest accured through two scheme together in two years is USD 4818.30 and the total amount invested was USD 27,000 then what was the amount invested in scheme A ?

(A)  USD 12,000


(B)  USD 14,000


(C)  USD 16,000


(D)  USD 18,000


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