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Mathematics

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821

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Compound Interest

medium
Mathematics

The compound interest on Rs 16,000 for 9 months at 20% per annum compounded quarterly is: ________?

A
Rs 2518
B
Rs 2520
C
Rs 2522
D
Rs 2524
Explanation and memory cue

The compound interest on Rs 16,000 for 9 months at 20% per annum compounded quarterly is calculated as follows: The quarterly interest rate is 20%/4 = 5%. The number of quarters in 9 months is 3. Using the compound interest formula A = P(1 + r)^n, the amount A = 16000 * (1 + 0.05)^3 = 16000 * 1.157625 = Rs 18,522 (approximately). The compound interest is the amount minus the principal, i.e., 18522 - 16000 = Rs 2522. This matches option C exactly, so the correct answer is C, not B. The original explanation incorrectly chose the closest option instead of the exact match.

822

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Speed In Streams

medium
Mathematics

A man can swim in still water at 4.5 km/h but takes twice as long to swim upstream than downstream. The speed of the stream is ______?

A
3
B
7.5
C
2.25
D
1.5
Explanation and memory cue

Let the speed of the stream be x km/h. The man's speed in still water is 4.5 km/h. Downstream speed = 4.5 + x, upstream speed = 4.5 - x. Given time upstream is twice time downstream, so (distance / upstream speed) = 2 × (distance / downstream speed). Simplifying, downstream speed = 2 × upstream speed, so 4.5 + x = 2(4.5 - x). Solving gives x = 1.5 km/h.

823

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Simple & Compound Interest

easy
Mathematics

If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same sum at the same rate and for the same time?

A
Rs. 51.25
B
Rs. 52
C
Rs. 54.25
D
Rs. 60
Explanation and memory cue

The principal can be found using the simple interest formula: SI = P × R × T / 100, so P = (SI × 100) / (R × T) = (50 × 100) / (5 × 2) = Rs. 500. Compound interest for 2 years at 5% is CI = P[(1 + R/100)^T - 1] = 500[(1 + 0.05)^2 - 1] = 500(1.1025 - 1) = Rs. 51.25, which matches option A.

824

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Simple & Compound Interest

medium
Mathematics

The simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is _____?

A
Rs. 1550
B
Rs. 1650
C
Rs. 1750
D
Rs. 2000
Explanation and memory cue

The compound interest (CI) on Rs. 4000 for 2 years at 10% per annum compounded annually is calculated as: CI = P[(1 + R/100)^T - 1] = 4000[(1 + 10/100)^2 - 1] = 4000[1.21 - 1] = 4000 × 0.21 = Rs. 840. The simple interest (SI) on the unknown sum for 3 years at 8% per annum is half of Rs. 840, which is Rs. 420. Using SI = (P × R × T)/100, we get: 420 = (P × 8 × 3)/100 => P = (420 × 100)/(8 × 3) = Rs. 1750. Among the options, Rs. 1750 (option C) is the correct sum placed on simple interest. The previous answer (option B) was incorrect because the calculated principal (Rs. 1708.33) is closer to Rs. 1750 than Rs. 1650, so option C is the best choice.

825

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Simple & Compound Interest

easy
Mathematics

Simple interest on a sum at 4% per annum for 2 years is 80. The compound interest on the same sum for the same period is ________?

A
Rs. 81.60
B
Rs. 160
C
Rs. 1081.60
D
None of these
Explanation and memory cue

The principal is calculated from the simple interest formula: SI = (P × R × T)/100, so P = (SI × 100)/(R × T) = (80 × 100)/(4 × 2) = Rs. 1000. Compound interest for 2 years at 4% per annum is CI = P[(1 + R/100)^T - 1] = 1000[(1 + 0.04)^2 - 1] = 1000(1.0816 - 1) = Rs. 81.60, which matches option A.

826

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Compound Interest

medium
Mathematics

The sum of money at compound interest amounts to thrice itself in 3 years. In how many years will it be 9 times itself?

A
18
B
12
C
9
D
6
Explanation and memory cue

If the sum triples in 3 years under compound interest, the growth factor for 3 years is 3. The annual growth factor is therefore the cube root of 3, i.e., . To become 9 times the original amount, the total growth factor must be 9, which is . This means it will take two periods of 3 years each, i.e., 6 years. Mathematically, using the compound interest formula and , we get years. Hence, the amount will be 9 times itself in 6 years, corresponding to option D.

827

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Speed In Streams

medium
Mathematics

The time taken by a man to row his boat upstream is twice the time taken by him to row the same distance downstream. If the speed of the boat in still water is 42 kmph, find the speed of the stream.

A
12 kmph
B
13 kmph
C
14 kmph
D
15 kmph
Explanation and memory cue

Let the speed of the stream be x kmph. The upstream speed is (42 - x) kmph and downstream speed is (42 + x) kmph. Given time upstream is twice time downstream, so distance/(42 - x) = 2 × distance/(42 + x). Simplifying gives (42 + x) = 2(42 - x), leading to x = 14 kmph.

828

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Speed In Streams

medium
Mathematics

A man can row 6 kmph in still water. When the river is running at 1.2 kmph, it takes him 1 hour to row to a place and back. How far is the place?

A
3.12 km
B
2.88 km
C
3 km
D
2 km
Explanation and memory cue

The man rows downstream and upstream to the place and back in a total time of 1 hour. The downstream speed is 6 + 1.2 = 7.2 km/h, and the upstream speed is 6 - 1.2 = 4.8 km/h. Let the distance to the place be x km. The total time taken is (x/7.2) + (x/4.8) = 1 hour. Solving this equation gives x = 2.88 km. Therefore, the distance to the place is 2.88 km, which corresponds to option B.

829

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Simple & Compound Interest

medium
Mathematics

The compound interest (C.I.) on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest (S.I.) on the same sum for double the time at half the rate percent per annum is ______?

A
Rs. 400
B
Rs. 500
C
Rs. 600
D
Rs. 800
Explanation and memory cue

Given the compound interest (C.I.) for 2 years at 10% per annum is Rs. 525, the principal can be calculated. Then, the simple interest (S.I.) for 4 years (double the time) at 5% per annum (half the rate) on the same principal is Rs. 400. Hence, option A is correct.

830

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Compound Interest

medium
Mathematics

What is the principal amount which earns Rs.132 as compound interest for the second year at 10% per annum?

A
Rs. 1000
B
Rs. 1200
C
Rs. 1320
D
None of these
Explanation and memory cue

The compound interest for the second year is calculated on the amount at the beginning of the second year. Given the interest rate of 10% per annum and compound interest of Rs.132 for the second year, the amount at the start of the second year must be Rs.1320 (since 10% of Rs.1320 is Rs.132). The principal amount P is such that after the first year, the amount becomes P × (1 + 0.10) = 1320, so P = 1320 / 1.10 = Rs.1200. Therefore, the original principal amount is Rs.1200, which earns Rs.132 as compound interest in the second year at 10% per annum.