Q1 · hard · AI-verified
Priya took a loan of ₹50,000 at 20% per annum compounded annually. After 2 years, she paid ₹32,000. How much more does she need to pay to clear the loan?
- ₹45,000
- ₹38,000
- ₹40,000
- ₹42,000
Q2 · hard · AI-verified
Rajesh invested ₹40,000 in a fixed deposit that offers compound interest at 15% per annum, compounded half-yearly. What will be the amount after 1 year?
- ₹46,225
- ₹47,500
- ₹46,000
- ₹45,600
Q3 · hard · AI-verified
What is the compound interest on ₹10,000 for 3 years at 20% per annum when interest is compounded annually?
- ₹7,280
- ₹6,000
- ₹6,800
- ₹7,000
Q4 · hard · AI-verified
A sum of money becomes ₹14,641 in 2 years at 10% per annum when compounded annually. What is the principal amount?
- ₹12,000
- ₹12,100
- ₹13,200
- ₹11,500
Q5 · hard · AI-verified
Meera borrowed ₹80,000 from a bank at 10% per annum compound interest. After 2 years, she paid ₹50,000. How much will she still owe the bank after paying this amount?
- ₹46,000
- ₹47,200
- ₹48,000
- ₹46,800