Home
Aptitude
Reasoning
DI
GK
Practice Papers
Previos Papers
Online Test
Current Affairs
Topics
English
Computer Knowledge
Banking Awareness
General Awareness
Marketing Knowledge
aptitude
: :
compound interest
@ :
Home
>
Aptitude
>
compound interest
>
Questions & Answers
Overview
Important Formulas
Exercise
Exercise 2
Exercise 1
1.
What will be the amount if a sum of Rs. 2500 is invested for 1 year at 4% per annum compound interest, interest being compounded half-yearly?
A.
Rs. 2625
B.
Rs. 2601
C.
Rs. 2830
D.
Rs. 2901
Answer
Discuss in Forum
Calculator
Workspace
Share
Answer:
B
Explanation :
Here, P = Rs. 2500, R = 4% p.a. = 4/2% = 2% half
yearly, Time = 1 year
i.e.,
1 x 2 = 2 half years
i.e.,
n = 2
A = 2500(1+(2/100)
^{2}
) = 2500(51/50)
^{2}
= (2500 x 51 x 51)/(50 x 50) = Rs.2601
2.
What will be the compound interest on Rs. 8000 for 3 years at 5% p.a.?
A.
(a)
Rs. 1361
B.
Rs. 1261
C.
Rs. 1260
D.
Rs. 1250
Answer
Discuss in Forum
Calculator
Workspace
Share
Answer:
B
Explanation :
·: P = Rs. 8000, r = 5%, T = 3 years
CI = P[(1+(R/100))
^{n}
-1]
=8000[(1+(5/100))
^{3}
-1]
= 8000((9261-8000)/8000)
(8000 x 1261)/8000 = Rs.1261
3.
A compound interest, if a certain sum of money doubles in n years, then the amount will be four fold in?
A.
2
B.
4
C.
6
D.
5
Answer
Discuss in Forum
Calculator
Workspace
Share
Answer:
A
Explanation :
4.
The difference between compound interest and the simple interest on a certain sum at 12 1/2% per annum for 3 years is Rs. 250. find sum?
A.
5200
B.
5120
C.
5160
D.
5200
Answer
Discuss in Forum
Calculator
Workspace
Share
Answer:
B
Explanation :
5.
The difference between S.I and C.I at the same rate for Rs. 5000 for 2 years is Rs. 72. The rate of interest is?
A.
15%
B.
13%
C.
12%
D.
10%
Answer
Discuss in Forum
Calculator
Workspace
Share
Answer:
C
Explanation :
6.
A sum of Rs. 12000 deposited at C.I becomes double after 5 years. After 20 years it will becomes?
A.
180000
B.
190000
C.
192000
D.
188000
Answer
Discuss in Forum
Calculator
Workspace
Share
Answer:
C
Explanation :
7.
A sum is invested at compound interest payable annually. The interest in two successive years was Rs. 500 and Rs. 540. The sum is?
A.
6250
B.
6180
C.
6500
D.
6000
Answer
Discuss in Forum
Calculator
Workspace
Share
Answer:
A
Explanation :
8.
Rs. 800 at 5% per annum compound interest will amount to Rs. 882 in how many years?
A.
3
B.
2
C.
4
D.
5
Answer
Discuss in Forum
Calculator
Workspace
Share
Answer:
B
Explanation :
9.
If the compound interest on a certain sum of money for 3 years at 105 per annum be Rs. 993. What would be the simple interest?
A.
920
B.
880
C.
950
D.
900
Answer
Discuss in Forum
Calculator
Workspace
Share
Answer:
D
Explanation :
10.
Find the present worth and discount of Rs. 1722.25ps due in 2 years rekoning compound interest at 3 3/4p.c?
A.
122.28
B.
131.48
C.
126.58
D.
124.28
Answer
Discuss in Forum
Calculator
Workspace
Share
Answer:
A
Explanation :
Pages
1
2
3