Aptitude/Aptitude Compound Interest Set 2 Sample Test,Sample questions

Question:
 A sum of money is borrowed and paid back in two annual installments of Rs. 882 each allowing 5% C.I. The sum borrowed was?

1.Rs. 1620

2.Rs. 1640

3.Rs. 1680

4.Rs. 1700


Question:
 If Rs. 7500 are borrowed at C. I at the rate of 4 % per annum then after 2 years, the amount to be paid is?

1.Rs. 8082

2.Rs. 7800

3.Rs. 8100

4. Rs. 8112


Question:
 If the interest is payable annually than the principal on which the compound interest for 3 years at 10% P.a is Rs 33/- is given by:

1.Rs 900

2.Rs 1000

3.Rs 1050

4.Rs 1100


Question:
 The compound interest on a certain sum of money for 2 years at 10 % per annum is Rs.420. The simple interest on the same sum at the same rate and for the same time will be?

1.Rs.350

2. Rs.375

3.Rs. 380

4.Rs. 400


Question:
 The compound interest on a certain sum of money for 2 years at 10 % per annum is Rs.420. The simple interest on the same sum at the same rate and for the same time will be?

1.Rs.350

2.Rs.375

3. Rs. 380

4. Rs. 400


Question:
 The difference between simple interest and compound interest at the same rate for Rs.5000 for 2 years is Rs. 72. The rate of interest is?

1.10 %

2.12 %

3.6 %

4.8 %


Question:
 The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is?

1.6.06%

2.6.07%

3. 6.08%

4. 6.09%


Question:
 What annual payment will discharge a debt of Rs. 1025 due in 2 years at the rate of 5% compound interest?

1.Rs. 550

2. Rs. 551.25

3. Rs. 560

4.Rs. 560.75


Question:
 What will be the compound interest on Rs 25000 after 3 years at 12% Per annum?

1.Rs 9000.30

2.Rs 9720

3.Rs 10123.20

4.None of these


Question:
A deposited Rs 6000 in a bank at 5% Per annum simple interest. B deposited Rs 5000 at 8% P.a Compound interest. After 2 years the difference between their interest will be:

1. Rs 230

2. Rs 232

3.Rs 600

4.Rs 832


Question:
A sum amounts to Rs. 2916 in 2 years and to Rs.3149.28 in 3 years at compound Interest. The sum is?

1.Rs.1500

2.. Rs.2000

3. Rs.2500

4.Rs.3000


Question:
A sum of money amounts to Rs. 10648 in 3years and Rs. 9680 in 2 years. The rate of interest is?

1. 5 %

2.10 %

3.15 %

4.20 %


Question:
A sum of money becomes Rs.6690 after three years and Rs.10.035 after six years on compound interest. The sum is?

1.Rs.4400

2.Rs.4445

3.Rs.4460

4.Rs.4520


Question:
A sum of money placed at C.I. interest doubles itself in 5 years. It will amount to eight times itself at the same rate of interest in?

1.7 years

2.10 years

3.15 years

4. 20 years


Question:
How much would a sum of Rs 16000 approximately amount to in 2 years at 10% P.a compounded half-yearly?

1.Rs 17423

2.Rs 18973

3. Rs 19448

4.Rs 19880


Question:
On a sum of money, the S.I. for 2 years is Rs. 660, while the C.I. is Rs. 696.30, the rate of interest being the same in both the cases. The rate of interest is?

1.10%

2.10.5%

3.12%

4.None of these


Question:
Rs. 800 at 5 % Per annum compound interest will amount to Rs. 882 in?

1.1 Years

2.2 Years

3.3 Years

4.4 Years


Question:
Simple Interest on a sum at 4% per annum for 2 years is 80. The compound interest on the same sum for the same period is?

1.Rs. 81.60

2.Rs. 160

3. Rs. 1081.60

4.None of these


Question:
The Compound interest on Rs 16000 for 9 months at 20% P.a compounded quarterly is:

1.Rs 2518

2.Rs 2520

3.Rs 2522

4. Rs 2524


Question:
The difference between C.I. and S.I. on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?

1.8

2.10

3.12

4.Cannot be determined


Question:
The difference between compound interest and simple interest on Rs 8000 at 5% P.a for 3 years is

1.Rs 50

2.Rs 60

3.Rs 61

4.Rs 600


Question:
The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs. ) is?

1.626

2.630

3.640

4.650


Question:
The difference between the compound interest and the simple interest on a certain sum at 5 % per annum for 2 years is Rs. 1.50. The sum is?

1. Rs.600

2.Rs.500

3.Rs.400

4.Rs.300


Question:
The difference between the simple interest and the compound interest on Rs 5000 at 10% P.a for 3 years is:

1.Rs 145

2.Rs 150

3.Rs180

4.None of these


Question:
The least number of complete years in which a sum of money put out at 20% C.I. will be more than doubled is?

1.3

2.4

3.5

4.6


Question:
What is the principle amount which earns Rs.132 as compound interest for the second year at 10 % per annum?

1.Rs. 1000

2.Rs. 1200

3.Rs. 1320

4.None of these


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