Aptitude Logical Reasoning Compound Interest 2020 IAS Part 5
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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%
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
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