Aptitude Logical Reasoning Compound Interest 2023 NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc. Part 3
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1. What amount does Kiran get if he invests ₹ 8000 at 10% p. a. compound interest for two years, compounding done annually?
A. ₹ 9630
B. ₹ 9680
C. ₹ 9610
D. ₹ 9650
E. None of these
Answer: E
2. The compound interest earned by Sunil on a certain amount at the end of two years at the rate of p. a. was ₹ 2828.80. Find the total amount that Sunil got back at the end of two years in the form of principal plus interest earned.
A. ₹ 18,828.80
B. ₹ 19,828.80
C. ₹ 18,028.80
D. ₹ 17,828.80
E. None of these
Answer: B
3. Find the compound interest accrued on an amount of ₹ 14,800 at 13.5% p. a at the end of two years. (Round off your answer to nearest integer)
A. ₹ 4273
B. ₹ 4613
C. ₹ 4064
D. ₹ 4266
E. None of these
Answer: D
4. Raj invested an amount of ₹ 17400 for two years. Find the rate of compound interest that will fetch him an amount of ₹ 1783.50 at the end of two years?
A. p. a.
B. p. a.
C. p. a.
D. p. a.
E. None of these
Answer: D
5. Compound interest earned on a sum for the second and the third years are ₹ 1200 and ₹ 1440 respectively. Find the rate of interest?
A. 18% p. a.
B. 22% p. a.
C. 20% p. a.
D. 24% p. a.
E. None of these.
Answer: C
6. A sum of ₹ 4800 is invested at a compound interest for three years, the rate of interest being p. a. , p. a. and p. a. for the 1st , 2nd and the 3rd years respectively. Find the interest received at the end of the three years.
A. ₹ 2520
B. ₹ 3120
C. ₹ 3320
D. ₹ 2760
E. None of these
Answer: B
7. A man gets a simple interest of ₹ 500 on a certain principal at the rate of 5% p. a in two years. Find the compound interest the man will get on twice the principal in two years at the same rate.
A. ₹ 500
B. ₹ 250
C. ₹ 5012.50
D. ₹ 5062.50
E. None of these.
Answer: E
8. The simple interest accrued on an amount of ₹ 49500 at he end of three is ₹ 17820. What would be the compound interest accured on the same amount at the same rate in the same period? (Round off your answer to two decimal places)
A. ₹ 20043.94
B. ₹ 18654.81
C. ₹ 20264.46
D. ₹ 19612.41
E. None of these
Answer: A
9. The compound interest accrued on an amount of ₹ 44000 at the end of two years is ₹ 1193.60. What would be the simple interest accrued on the same amount at the same rate in the same period?
A. ₹ 10,840
B. ₹ 10,720
C. ₹ 10,560
D. ₹ 10,280
E. None of these.
Answer: C
10. A person got ₹ 48 more when he invested a certain sum at compound interest instead of simple interest for two years at 8% p. a. Find the sum?
A. ₹ 7500
B. ₹ 7000
C. ₹ 8000
D. ₹ 6500
E. None of these
Answer: A
11. The compound and the simple interests on a certain sum at the same rate of interest for two years are ₹ 11730 and ₹ 10200 respectively. Find the sum.
A. ₹ 18000
B. ₹ 17000
C. ₹ 18500
D. ₹ 17500
E. None of these.
Answer: B
12. What is the difference between the compound interest on ₹ 12000 at 20% p. a. for one year when compounded yearly and half yearly?
A. ₹ 140
B. ₹ 120
C. ₹ 130
D. ₹ 110
E. None of these.
Answer: B
13. The simple interest on ₹ 12000 at a certain rate of interest in five years is ₹ 7200. Find the compound interest on the same amount for five years at the same rate of interest.
A. ₹ 3502.80
B. ₹ 3052.40
C. ₹ 3054.8
D. ₹ 3052.80
E. None of these
Answer: D
14. Ravi invested certain amount for two rates of simple interests at 6% p. a. and 7% p. a. What is the ratio of Ravi՚s investments if the interests from those investments are equal?
A.
B.
C.
D.
E. None of these
Answer: D
15. Siddharth wants to borrow ₹ 6000 at rate of interest 6% p. a. at S. I and lend the same amount at C. I at same rate of interest for two years. What would be his income in the above transaction?
A. ₹ 21.60
B. ₹ 24.00
C. ₹ 25.20
D. ₹ 27.80
E. None of these
Answer: A