Question:

  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:
A.Rs14000  approx
B.Rs 16000  approx
C.Rs 18000   approx
D.Rs 20000   approx
Answer: Option C

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More Questions Related to Quantitative Aptitude > Compound Interest :

Question 1.

  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 2.

  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 3.

  1. A sum of money amounts to Rs 14,520 in 2 years and to Rs 15,972 in 3 years reckoning compound interest at the rate of

Options:
  1.    5 %
  2.    10 %
  3.    15 %
  4.    20 %
Answer: Option B
Question 4.

  1. A money lender lends out a part of Rs 3364 at 5% compound interest for 3 years and the rest also at 5% compound interest, but for 5 years. If the final amount in both the cases is same, what is the amount lent out for 5 years?

Options:
  1.    Rs 1200
  2.    Rs1400
  3.    Rs 1600
  4.    Rs 1800
Answer: Option C
Question 5.

  1. The population of a town increased by 5% of what it had been at the beginning of each year. If the population was 441000 in 1997, find the population in 1995.

Options:
  1.    400000
  2.    410000
  3.    420000
  4.    430000
Answer: Option A
Question 6.

  1. Calculate the compound interest on Rs 1875 for 3 years if the rates of interest per annum are 5%, 6\(\frac{2}{3}\)% and 8\(\frac{1}{3}\)% respectively.

Options:
  1.    Rs 300
  2.    Rs 350
  3.    Rs 400
  4.    Rs 450
Answer: Option C