Question:
A man deposits Rs.50 in a bank at the beginning of every month. If 10% simple interest is reckoned, how much money is he eligible to get at the end of 24 months?
A man deposits Rs.50 in a bank at the beginning of every month. If 10% simple interest is reckoned, how much money is he eligible to get at the end of 24 months?
Updated On: Jul 22, 2024
- Rs.1350
- Rs.1300
- Rs.1250
- Rs.1325
- Rs. 1200
Hide Solution
Verified By Collegedunia
The Correct Option is
Solution and Explanation
The correct option is (E): Rs. 1200.
Was this answer helpful?
0
0
Top Questions on SI & CI
- Cynthia has borrowed Rs. 6,000 at the rate of 7% S.I. What amount does she need to pay after 3 years to clear the debt?
- A man deposited Rs.1,000 in a bank. In return he got Rs.1,331. Bank gave interest 10% per annum. How long did he keep the money in the bank?
- The difference between the compound interest, compounded annually and the simple interest on a certain sum for 2 years at 6% per annum is Rs.18. Find the sum.
- If Rakesh borrows Rs. 36,000 from Sathesh at a rate of interest 6% S.I, at the end of four years, how much interest does Rakesh have to pay?
- Sarah's age is now five times that of her nephew Jack. If Jack will be 11 years old, in 3 years, how old will Sarah be then?
View More Questions
Questions Asked in IBSAT exam
- Lumber : Bear :: Waddle :
Directions: In the question, the first two words are related in a particular manner. You have to choose a word from the options so that a new pair of words is formed where the relation is the same as that of the first pair of words. You are required to consider the secondary meaning of certain words while choosing an answer.- IBSAT
- Analogy
- A boy has some coins with some value on them. He arranges the coins in the form of a star as shown below such that the sums of the numbers in the four circles along any line segment of the star are all equal. What is the sum of the missing numbers?
- IBSAT
- Logical and Analytical Reasoning Skills
- Directions: Fill in the blanks with the words that best fit the meaning of the sentence as a whole.
If a nation is unable to come to ______ on interpreting its own past, it will be unable to ______ its national interests.- IBSAT
- Fill in the Blanks
- The functions f(x) and g(x) are related as f(g(x)) = xg(f(f(x))), where f (x) = \(\frac{x}{x-1}\). What could be the functional form g(x)?
- IBSAT
- Functions
- If p, q, r and s are four positive integers such that pqrs = 1, what is the minimum value of (2 + p)(3 + q)(4 + r)(5 + s)?
- IBSAT
- Quadratic Equation
View More Questions