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Practice Question Set 1 on SIMPLE INTEREST AND COMPOUND INTEREST

Posted on - 24-04-2017

QA Math SI CI

Bank PO

Q1.

What sum of money yields a simple interest of Rs.1152 at 12% p.a. in three years? .

(a) Rs.3500 .

(b) Rs.3800 .

(c) Rs.3200 .

(d) Rs.3000 .

Q2.

A sum becomes 7/5 times of itself at simple interest in 5 years. Find the rate of interest. .

(a) 8% p.a. .

(b) 11% p.a. .

(c) 10% p.a. .

(d) 9% p.a. .

Q3.

A sum of money was lent at a certain rate of simple interest. It amounted to Rs.1258.4 at the end of 3years and to Rs.1352 at the end of 5 years. Find the rate of interest.

(a) 6% p.a .

(b) 5% p.a .

(c) 7% p.a .

(d) 4% p.a .

Q4.

A sum of Rs.3700 amounts to Rs.5476 in four years invested at simple interest. If the rate of interest is 6% p.a. more, then, the sum becomes how much in the same time period? .

(a) Rs.6364 .

(b) Rs.5463 .

(c) Rs.6463 .

(d) Rs.6354 .

Q5.

A sum of amount generates a compound interest of 72.8% of the amount in three years. The rate of interest is .

(a) 10% p.a .

(b) 15% p.a .

(c) 20% p.a .

(d) 25% p.a .

Q6.

What is the difference between the compound interest on Rs.12000 at 20% p.a. for one year when compounded yearly and half yearly? .

(a) Rs.140 .

(b) Rs.120 .

(c) Rs.130 .

(d) Rs.110 .

Q7.

The difference between the compound interest and simple interest for the amount of Rs.7,200 in two years is Rs.288. The rate of interest is .

(a) 5% p.a .

(b) 10% p.a .

(c) 15% p.a .

(d) 20% p,a

Q8.

A person gets Rs.200 more interest by investing Rs.20000 at R% p.a. compound interest instead of simple interest for two years. Find R. .

(a) 12

(b) 20

(c) 15

(d) 10

Q9.

Suresh borrowed a certain amount from a bank at compound interest of 8 % p.a. compounded annually. He lent the whole amount to Rani at a simple interest of 15% p.a. At the end of two years Suresh gained an amount of Rs.2004. The amount borrowed by Suresh was _________.

(a) Rs.12000 .

(b) Rs.15000 .

(c) Rs.18000 .

(d) Rs.21000 .

Q10.

A sum was lent at a certain rate of compound interest for years. It amounted to Rs.2704 at the end of 2 years and to Rs.2812.16 at the end of 3 years. Find the sum. .

(a) Rs.2500 .

(b) Rs.2450 .

(c) Rs.2600 .

(d) Rs.2550 .

Answer

1.C.

2.A.

3.A.

4.A.

5.C.

6.B.

7.D.

8.D.

9.B.

10.A.

 
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