Aptitude Logical Reasoning Compound Interest 2023 NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc. Part 4
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1. Albert invested ₹ 8000 in a scheme for 2 years at compound interest rate 5% p. a. How much amount will Albert get on maturity of the fixed deposit?
A. ₹ 8600
B. ₹ 8620
C. ₹ 8800
D. ₹ 8840
E. None of these
Answer: E
2. What will be the compound interest on a sum of ₹ 25,000 after 3 years at the rate of 12% p. a. ?
A. ₹ 9000.30
B. ₹ 9720
C. ₹ 10123.20
D. ₹ 10483.20
Answer: C
3. A man saves ₹ 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years?
A. ₹ 565.25
B. ₹ 635
C. ₹ 662.02
D. ₹ 666.50
Answer: C
4. Sam invested ₹ 15000@10% per annum for one year. If the interest is compounded half-yearly, then the amount received by Sam at the end of the year will be?
A. ₹ 16,500
B. ₹ 16,525.50
C. ₹ 16,537.50
D. ₹ 18,150
Answer: C
5. A bank offers 5% C. I. calculated on half-yearly basis . A customer deposits ₹ 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is?
A. ₹ 120
B. ₹ 121
C. ₹ 122
D. ₹ 123
Answer: B
6. What is the difference between the C. I. on ₹ 5000 for years at 4% per annum compounded yearly and half-yearly?
A. ₹ 2.04
B. ₹ 3.06
C. ₹ 4.80
D. ₹ 8.30
Answer: A
7. Find the C. I. on ₹ 15,625 for 9 months at 16% per annum compounded quarterly?
A. ₹ 1851
B. ₹ 1941
C. ₹ 1951
D. ₹ 1961
Answer: C
8. If the simple interest on a sum of money for 2 years at 5% per annum is ₹ 50, what is the compound interest on the same sum at the rate and for the same time?
A. ₹ 51.25
B. ₹ 52
C. ₹ 54.25
D. ₹ 60
Answer: A
9. What will be the difference between simple and compound interest at 10% per annum on a sum of ₹ 1000 after 4 years?
A. ₹ 31
B. ₹ 32.10
C. ₹ 40.40
D. ₹ 64.10
Answer: D
10. The difference between simple and compound interest on ₹ 1200 for one year at 10% per annum reckoned half-yearly is?
A. ₹ 2.50
B. ₹ 3
C. ₹ 3.75
D. ₹ 4
Answer: B
11. The compound interest on ₹ 30,000 at 7% per annum is ₹ 4347. The period (in years) is?
A. 2
B.
C. 3
D. 4
Answer: A
12. The principal that amounts to ₹ 4913 in 3 years at per annum C. I. compounded annually, is?
A. ₹ 3096
B. ₹ 4076
C. ₹ 4085
D. ₹ 4096
Answer: D
13. If the C. I. on a sum for 2 years at per annum is ₹ 510, the S. I. on the same sum at the same rate for the same period of time is?
A. ₹ 400
B. ₹ 450
C. ₹ 460
D. ₹ 480
Answer: D
14. The C. I. on a certain sum for 2 years at 10% per annum is ₹ 525. The S. I. on the same sum for double the time at half the rate percent per annum is?
A. ₹ 400
B. ₹ 500
C. ₹ 600
D. ₹ 800
Answer: B
15. The S. I. on a certain sum of money for 3 years at 8% per annum is half the C. I. on ₹ 4000 for 2 years at 10% per annum. The sum placed on S. I. is?
A. ₹ 1550
B. ₹ 1650
C. ₹ 1750
D. ₹ 2000
Answer: C