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More Questions Related to

Quantitative Aptitude > Compound Interest :
Question 1.

  1. At what rate per cent per annum will a sum of Rs 6250 amount to Rs 7840 in 2 years, interest being compounded annually?

Options:
  1.    12 %
  2.    13 %
  3.    14 %
  4.    15 %
Answer: Option A

Question 2.

  1. A sum of money doubles itself in 10 years. A compound interest is charged on it at x% p.a. With the same rate p.a. it will four fold itself in

Options:
  1.    10 years
  2.    15 years
  3.    20 years
  4.    25 years
Answer: Option C

Question 3.

  1. A sum of money four folds itself in 24 years on compound interest. With the same rate per cent per annum the amount becomes sixteen times itself in

Options:
  1.    44 years
  2.    48 years
  3.    52 years
  4.    56 years
Answer: Option B

Question 4.

  1. If the amounts for a fixed principal after 3 years and 2 years at a certain rate of compound interest are in the ratio of 21 : 20, then the rate of interest is

Options:
  1.    4 %
  2.    5 %
  3.    6 %
  4.    7 %
Answer: Option B

Question 5.

  1. The difference between compound interest (compounded annually) and simple interest on a certain sum of money at 15% per annum in 2 years is Rs 225. Find the sum.

Options:
  1.    Rs 10000
  2.    Rs 11000
  3.    Rs 12000
  4.     none of these
Answer: Option A

Question 6.

  1. The difference between the compound interest and simple interest on a certain sum at 6.25% p.a. for 2 years is Rs 70.31. What is the sum?

Options:
  1.    Rs14000  approx
  2.    Rs 16000  approx
  3.    Rs 18000   approx
  4.    Rs 20000   approx
Answer: Option C