Question:
The interest on Rs. 750 for 2 years is the same as the true discount on Rs.960 due 2 years hence. If the rate of interest is the same in both cases, it is:
The interest on Rs. 750 for 2 years is the same as the true discount on Rs.960 due 2 years hence. If the rate of interest is the same in both cases, it is:
Updated On: Oct 24, 2024
- 12%
- 14%
- 15%
- 16%
Hide Solution
Verified By Collegedunia
The Correct Option is B
Solution and Explanation
The correct option is (B):14%
Was this answer helpful?
0
0
Top Questions on SI & CI
- Ramesh invests 1,200 at 5% simple interest. How much additional money must he invest at 8% simple interest so that his total annual income will be equal to 6% of his total investment during this year?
- Aman invests Rs 4000 in a bank at a certain rate of interest, compounded annually.If the ratio of the value of the investment after 3 years to the value of the investment after 5 years is 25 : 36, then the minimum number of years required for the value of the investment to exceed Rs 20000 is
- Anil invests Rs 22000 for 6 years in a scheme with 4% interest per annum, compounded half-yearly. Separately, Sunil invests a certain amount in the same scheme for 5 years, and then reinvests the entire amount he receives at the end of 5 years, for one year at 10% simple interest. If the amounts received by both at the end of 6 years are equal, then the initial investment, in rupees, made by Sunil is
- An amount of Rs 10000 is deposited in bank A for a certain number of years at a simple interest of 5% per annum. On maturity, the total amount received is deposited in bank B for another 5 years at a simple interest of 6% per annum. If the interests received from bank A and bank B are in the ratio 10 : 13, then the investment period, in years, in bank A is
- S invested 22,000 for 6 years at a 4% rate compounded half-yearly. B also invested a certain amount of money for 5 years in the same scheme and then reinvested it for a year at a 10% rate of simple interest. If their total amounts become the same after 6 years, what was B’s initial investment?
View More Questions
Questions Asked in KMAT KERALA exam
- Who is the author of the book “How to Avoid a Climate Disaster”?
- KMAT KERALA - 2024
- Books and Authors
- 'One Stop Centre scheme’, recently seen in the news, is formulated by which ministry?
- KMAT KERALA - 2024
- Central Government
- Where is the National Institute of Hydrology (NIH) located?
- KMAT KERALA - 2024
- Geography
- Iodine is obtained from which of the following?
- KMAT KERALA - 2024
- Science Technology and Inventions
- Where was the 12th India-Oman ‘Joint Military Cooperation Committee meeting held?
- KMAT KERALA - 2024
- Central Government
View More Questions