Simple & Compound Interest



Question (39/66)

If annual rate of simple interest increased from 10% to 12.5%, a person's yearly income increases by USD 1250. What is his principal ?

(A)  USD 45,000


(B)  USD 47,000


(C)  USD 50,000


(D)  USD 52,000


Premium Register as premium memeber to know answer & explanation. Only INR 10/Month.

Question (40/66)

Jack invested an amount of INR 12,000 at the rate of 10% per annum simple interest and another amount at the rate of 20% per annum simple interest. The total interest earned at the end of one year on the total amount invested became 14% per annum. What is total amount invested ?

(A)  INR 20,000


(B)  INR 22,000


(C)  INR 24,000


(D)  INR 25,000


Premium Register as premium memeber to know answer & explanation. Only INR 10/Month.