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Aptitude Logical Reasoning Compound Interest Part 5

The document contains 10 multiple choice questions related to compound interest rates and calculations. It provides the questions, possible answer choices, and identified answer for each question. The questions cover topics like calculating compound interest over different time periods at given rates, determining interest rates based on simple and compound interest amounts, and calculating principal amounts based on interest payments.

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133 views3 pages

Aptitude Logical Reasoning Compound Interest Part 5

The document contains 10 multiple choice questions related to compound interest rates and calculations. It provides the questions, possible answer choices, and identified answer for each question. The questions cover topics like calculating compound interest over different time periods at given rates, determining interest rates based on simple and compound interest amounts, and calculating principal amounts based on interest payments.

Uploaded by

SUBHA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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6/3/2020----Aptitude Logical Reasoning Compound Interest 2020 Competitive Exams Part 5- Examrace----Downloaded from examrace.

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Examrace
Aptitude Logical Reasoning Compound Interest 2020 Competitive
Exams Part 5
Glide to success with Doorsteptutor material for JNU : fully solved questions with step-by-
step explanation- practice your way to success.

1. There is 60% increase in an amount in 6 years at S.I. What will be the C.I. of Rs. 12,000 after
3 years at the same rate?

A. Rs. 2160

B. Rs. 3120

C. Rs. 3972

D. Rs. 6240

Answer: C

2. 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?

A. 625

B. 630

C. 640

D. 650

Answer: A

3. 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?

A. 10%

B. 10.5%

C. 12%

D. 11%

Answer: D

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

A. 6.06%

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B. 6.07%

C. 6.08%

D. 6.09%

Answer: D

5. A sum of money invested at C.I. amounts to Rs. 800 in 3 years to Rs. 840 in 4 years. The rate
of interest per annum is?

A.

B. 4%

C. 5%

D.

Answer: C

6. 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?

A. 7 years

B. 10 years

C. 15 years

D. 20 years

Answer: C

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

A. 3

B. 4

C. 5

D. 6

Answer: B

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

A. Rs. 550

B. Rs. 551.25

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C. Rs. 560

D. Rs. 560.75

Answer: B

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

A. Rs. 1620

B. Rs. 1640

C. Rs. 1680

D. Rs. 1700

Answer: B

10. 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?

A. 8

B. 10

C. 12

D. Cannot be determined

Answer: A

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