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Practice Question Set 2 on SIMPLE INTEREST AND COMPOUND INTEREST

Posted on - 24-04-2017

QA Math SI CI

Bank PO

Q1.

What amount does Anjali gets if she invests Rs.18000 at 12.5% p.a. for 2 years 6 months at simple interest? .

(a) Rs.18968 .

(b) Rs.23625 .

(c) Rs.19684 .

(d) Rs.21615.

Q2.

What is the simple interest on Rs.6500 at 13% p.a for four years? .

(a) Rs.3280 .

(b) Rs.3350 .

(c) Rs.3250 .

(d) Rs.3380 .

Q3.

A sum of money becomes eight times itself in 12 years at simple interest. In how many years does it become 15 times of itself? .

(a) 16

(b) 44

(c) 32

(d) 24

Q4.

The simple interest for three years on a certain sum with the rate of interest being 7% p.a., 10% p.a. and 12% p.a., for the first year, second year and third years respectively is Rs.8,178. Find the sum. .

(a) Rs.28200 .

(b) Rs.29200 .

(c) Rs.22800 .

(d) Rs.22900.

Q5.

Suresh lent a total of Rs.10000 in two parts. He lent one part to Ravi for 3 years and another part to Naresh for 5 years. He lent each part at 10% p.a simple interest. He realized a total of Rs.4200 as simple interest. Find the sum lent to Ravi. .

(a) Rs.3000 .

(b) Rs.4000 .

(c) Rs.5000 .

(d) Rs.6000 .

Q6.

A sum invested at 20% p.a. compound interest gives an interest of Rs.5544 in two years. What is the sum invested? .

(a) Rs.13000 .

(b) Rs.12000 .

(c) Rs.13600 .

(d) Rs.12600 .

Q7.

The compound interest earned on a sum for second and the third years are Rs.1200 and Rs.1440 respectively. Find the rate of interest. Also find the sum. .

(a) 18% p.a.; Rs.6000 .

(b) 20% p.a.; Rs.5000 .

(c) 20% p.a.; Rs.6000 .

(d) 24% p.a.., Rs.5000 .

Q8.

A sum of Rs.4800 is invested at compound interest for three years, the rate of interest being 10% p.a., 20% p.a. and 25% p.a. for 1st, 2nd and 3rd years respectively. Find the interest received at the end of 3 years. .

(a) Rs.2520 .

(b) Rs.3120 .

(c) Rs.3320 .

(d) Rs.2760 .

Q9.

If Rs.7500 becomes Rs.8250 in two years at simple rate of interest. What will Rs.12000 become in three years at the same rate of simple interest? .

(a) Rs.12800 .

(b) Rs.13200 .

(c) Rs.13800 .

(d) Rs.14400.

Q10.

A sum of Rs.9,000 deposited at compound interest becomes double at the end of three years. After nine years the sum will become .

(a) Rs.36,000 .

(b) Rs.48,000 .

(c) Rs.60,000 .

(d) Rs.72,000 .

Answer

1.B.

2.D.

3.D.

4.A.

5.B.

6.D.

7.B.

8.B.

9.C.

10.D.

 
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