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question_answer1) Martin invested a certain sum of money at 10% p.a. simple interest for certain period of time. At the end of the period, he got the amount equal to the five times the original amount. The period for which the amount has been invested by Martin is :
question_answer2) Shawn invested half of his saving in a bond for two years that paid simple interest Rs. 550. He invested the remaining money in a bond for the same rate of interest and same year that paid compound interest Rs. 605, where interest is compounded annually. Find the total money which he saved.
question_answer3) Peter invested a certain sum of money in a simple interest bond whose value grew to Rs. 600 at the end of 6 years, and to Rs. 800 at the end of another 10 years. What was the rate of interest?
question_answer4) Three years ago Jhonson borrowed Rs. 20,000 from a bank at the rate of 15% per annum. At the end of the year he paid the interest for that year and part of the loan, altogether Rs. 7500. Similarly, he paid Rs. 7500 at the end of the second year. Now if he wants to pay back his loans total amount to clear off the loan, then how much amount he will have to pay?
question_answer5) Peterson invested certain sum of money nine years ago. He puts his money at the rate of 4% for first two year, 6% per annum for the next 4 years and 8% per annum for the period beyond 6 years. If at the end of the period he gets the simple interest as Rs. 1120, then his principal sum was:
question_answer6) Michael Clerk invested Rs. 15000 in a finance company which claims money growth of one fifth of itself. It promised to pay the compound interest compounded quarterly. Find the amount he will get at the end of the year from the finance company.
question_answer7) DiegioMeradona divides certain sum of money between his two Children Julia and Kristina who are respectively 19 and 20 years old in such a way that if their portions be invested at 10% per annum compounded annually, then they will receive equal amount on reaching the age of 23 years of age. The sum should be divided in the ratio of:
question_answer8) Victor purchased a second hand motor bike from his close friend Harry for Rs. 4000 on credit. If he pays the interest for the first year at the rate of 5% and for the second year at the rate of 15%. The cost of bike for Victor if he pays the amount after two years.
question_answer9) We know that interest being due yearly on any sum of money deposited in the bank account. If the difference between the total simple interest and the total compound interest on a certain sum of money lent in each case for two years is Rs. 1800. If the simple interest for 2 years be Rs. 28800, then the sum in each case is:
question_answer10) A bank advances loan of Rs. 2000 to Mary on an agreement that interest at the rate of 10% per annum shall be paid half yearly for its use. But due to some reason Mary failed to make any interest payment. At the end of the eighteen month the bank obtained judgment against Mary for the principal and compound interest at the rate and on terms agreed to. The amount Mary had to pay to the bank for the loan she has taken from the bank is:
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