Simple & Compound Interest



Question (31/66)

Albert invested an amount of INR 8000 in a fixed deposit scheme for 2 years at compound interest rate of 5% per annum. How much amount will he get on maturity of the fixed deposit ?

(A)  INR 8620


(B)  INR 8720


(C)  INR 8820


(D)  INR 8920


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Question (32/66)

Divide USD 2379 into 3 parts so that their amounts after 2, 3 and 4 years respectively may be equal, the rate of interest being 5% per annum at simple interest. What is amount of first part ?

(A)  USD 752


(B)  USD 828


(C)  USD 880


(D)  USD 940


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