Aptitude - Compound Interest Test

Test Instructions :

1. The Test is 1hr duration.
2. The Test Paper consists of 30 questions. The maximum marks are 30.
3. All the questions are multiple choice question type with three options for each question.
4. Out of the three options given for each question, only one option is the correct answer.
5. Each question is allotted 1 mark for each correct response.
6. 0.25 will be deducted for incorrect response of each question.
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Ganeshi's monthly income is twice that of Jassi's monthly income. Two-third of Jassi's monthly income is equal to Sukhvinder’s monthly income. If Sukhvinder’s annual income is Rs. 2.34 lacs. What is Ganeshi’s monthly income?(In some cases annual income and in some cases monthly income is given.)  

  

  

  

  

  

The price of a T.V. set worth F 20,000 is to paid in 20 instalments of Z 1000 each. If the rate of interest be 6% per annum, and the first instalment be paid at the time of purchase, then the value of the last instalment covering the interest as well will be

  

  

  

  

  

What will be the simple interest accured on a sum of Rs. 5,224 at a rate of 5 p.c.p.a. in 5 years?  

  

  

  

  

  

What would be the compound interest obtained on an amount of rs 8,800/- at the rate of 16 p.c.p.a. after 2 years?

  

  

  

  

  

Mr Sridharan invested money in two schemes A and B, offering compound interest @a 8 p.c.p.a. and 9 p.c.p.a. respectively. If the total amount of interest accrued through the two schemes together in two years was F 4818.30 and the total amount invested was F 27,000, what was the amount invested in Scheme A?

  

  

  

  

  

The compound interest on a certain amount for 2 years at the rate of 8 p.c.p.a. is Rs.312. What will be the simple interest on the same amount and at the same rate and same time?

  

  

  

  

  

How much time will it take for an amount of Rs.450 to yield Rs.81 as interest at 4.5% per annum of simple interest?

  

  

  

  

What is the ratio of the number of aspirants appearing for the banking exam from Institute A,C, and E together to the number of aspirants appearing for the exam from Institute B, D and F together?

  

  

  

  

Rs.7,50,000 are invested in Rs. 100 shares which are quoted at Rs.1200. Find the income if 25 % dividend is declared on the shares.

  

  

  

  

A milk man borrowed ?2,500 from two money lenders. For one loan, he paid 5% p.a. and for the other, he paid 7% p.a. The total interest paid for two years was Z 275. How much did he borrow at 7% rate?

  

  

  

  

  

Amrita took a loan of Rs. 50,600/- at a certain rate of simple interest for 5 years. At the end of 5 years she repayed an amount of Rs 65,780/-. What is the rate of interest at which Amrita took the loan?

  

  

  

  

  

A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 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:

  

  

  

  

The simple interest in 14 months on a certain sum at the rate of 6 per cent per annum is F 250 more than the interest on the same sum at the rate of 8 per cent in 8 months. How much amount was borrowed?

  

  

  

  

  

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:

  

  

  

  

What amount a man would have received on a principal of RS.4,000 after two years on simple interest @ 5 p.c.p.a.?

  

  

  

  

  

Mr. Amin borrowed some money from Mr Vishwas. The of interest for first two years is 8% p.a., for the next tit years is 11 % p.a. and for the period beyond 5 years I p.a. Mr Vishwas got an amount of 210920 as an intere the end of eight years. Then what amount was borrowed  MrAmin?

  

  

  

  

  

Difference between the compound interest and the simple interest accrued on an amount of Z 18000, in two years was ?405 What was the rate of interest p.c.p.a?

  

  

  

  

  

There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?

  

  

  

  

What annual instalment will discharge a debt of 4,200 due in 5 yearsat 10% simple interest?

  

  

  

  

  

Find the compound interest on the sum of Rs. 4000@ 12%p.annum at the end of two years?

  

  

  

  

Rohan and Sohan started a business with investments of Rs 15000 and Rs 20000. Rohan continued till the end of the first year and Sohan left after x months. Their profits at the end of the first year were equal. Find x.

  

  

  

  

The simple interest accrued on a sum of certain principal is Rs. 2,000/- in five years at the rate of p.c.p.a. What would be the compound interest accrued on a principal at same rate in two years?

  

  

  

  

  

Manju took Rs. 20000 at 5% SI for 2 years and invested it at 4% CI for same period. Find her gain/loss.

  

  

  

  

On ? 3,000 in Vested at a simple interest rate 6 p.c.p.a, ? 900 is obtained as interest in certain years. In order to earn ? 1,600 as interest on ? 4,000 in the same number,of years, what Should be the rate of simple interest?

  

  

  

  

  

At a simple interest ? 800 becomes ? 956 in three years. If the interest rate, is increased by 3%, how much would ?800 become in three years?

  

  

  

  

  

Raviraj invested an amount of ?10,000 at compound interest of 10 pcpa for a period of three years. How much amount, Raviraj get after three years?

  

  

  

  

  

A garment company declared 15% discount for whole buyers. Mr Sachdev bought garments from the come for 25,000 after getting discount. He fixed up the sell price of garments in such a way that he earned a profit 8% on original company price. What is the approximate total selling price?

  

  

  

  

  

Nelson borrowed some money at the rate of 6 p.c.p.a. for the first three years, 9 p.c.p.a. for the next five years and 13 p.c.p.a. for theperiod beyond eight years. If the total interest paid by him at the end of eleven years is F 8,160, how much money did he borrow?

  

  

  

  

  

Amit invests Rs. 9000 partly in 5%, Rs. 167 Shares @ Rs.240 and partly in 3% Rs. 700 shares @ Rs.850. If his total income is 500, how much has he invested in each?

  

  

  

  

The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:

  

  

  

  

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