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(CSIR-NET JUNE 2023) A person takes loan of Rs. 1,50,000 at a compound interest rate of 10% per annum. If the loan is repaired at the end of the 3rd year, what is the total interest paid?
45000
That’s wrong! Check if you applied the right formula for compound interest (compounded annually)
82000
That’s wrong! Check if you applied the right formula for compound interest (compounded annually)
94600
That’s wrong! Check if you applied the right formula for compound interest (compounded annually)
49650
That’s true!
(CSIR-NET SEPT 2022 – LS) A deposit in a bank, which pays interest on its deposits compounded daily, grows to Rs. 80,000 for 500 days and to 88,000 for 1000 days. What would be its value (in Rs.) for 1500 days?
96000
That’s wrong! Hint: In the second 500days, they earned Rs. 8000 as interest. What is the percentage of interest?
96450
That’s wrong! Hint: In the second 500days, they earned Rs. 8000 as interest. What is the percentage of interest?
96800
That’s true!
97250
That’s wrong! Hint: In the second 500days, they earned Rs. 8000 as interest. What is the percentage of interest?
(CSIR-NET NOV 2020) A bank pays interest to its depositors compounded yearly. If a deposit becomes Rs. 54,000/- at the end of 3rd year and Rs. 64,800/- at the end of 6th year, what is the principal invested in the deposit?
40000
That’s wrong! Hint: Use compound interest with n = 3 and then n = 6. Square the equation for n = 3 and divide the right equations.
42500
That’s wrong! Hint: Use compound interest with n = 3 and then n = 6. Square the equation for n = 3 and divide the right equations.
45000
That’s true!
48000
That’s wrong! Hint: Use compound interest with n = 3 and then n = 6. Square the equation for n = 3 and divide the right equations.
(CSIR-NET June 2016) A person paid income tax at the rate of R% for the first Rs. 2 lakhs, and at the rate of (R+10)% for income exceeding Rs. 2 lakhs. If the total tax paid is (R+5)% of the annual income, then what is the annual income?
Rs 2.5 lakh
That’s wrong!
Rs 3 lakh
That’s wrong!
Rs 4 lakhs
That’s true!
Rs 5 lakhs
That’s wrong!
(CSIR-NET DEC 2014) A bank offers a scheme wherein deposits made for 1600 days are doubled in value, the interest being compounded daily. The interest accrued on the deposit of Rs.1000/- over the first 400 days would be Rs.
250
That’s wrong!
183
That’s wrong!
148
That’s wrong!
190
That’s true!
(CSIR-NET JUNE 2014) You get 20% returns on your investment annually, but also pay a 20% tax on the gain. At the end of 5 years, the net gain made by you (as percentage of the capital) is approximately
0
That’s wrong!
16
That’s wrong!
80
That’s true!
100
That’s wrong!
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