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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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?

  

  

  

  

  

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.

  

  

  

  

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.?

  

  

  

  

  

Sterna invested an amount of ?16000 for two years at compound interest and received an amount of ? 17640 on maturity. What is the rate of interest?

  

  

  

  

  

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?

  

  

  

  

  

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?

  

  

  

  

  

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?

  

  

  

  

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?

  

  

  

  

  

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

  

  

  

  

  

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

  

  

  

  

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

  

  

  

  

  

What would be the compound interest obtained on an amount of Rs. 6,350/- at the rate of 14 p.c.p.a after two years?

  

  

  

  

  

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?

  

  

  

  

  

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.)  

  

  

  

  

  

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?

  

  

  

  

  

What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 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?

  

  

  

  

  

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?

  

  

  

  

  

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 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:

  

  

  

  

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?

  

  

  

  

  

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.

  

  

  

  

Nikhilesh invested certain amount in three different schemes A, B and C with the rate of interest 10 p.c.p.a., 12 p.c.p.a. and 15 p.c.p.a.. respectively. If the total interest accrued in one year was ? 3200 and the amount invested in scheme C was 150% of the amount invested in scheme A and 240% of the amount Invested in scheme B, what was the amount invested in scheme B?

  

  

  

  

  

A person borrows rs.5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6 1/4 % p.a. for 2 years. Find his gain in the transaction per year

  

  

  

  

  

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?

  

  

  

  

  

What would be the compound interest obtained on an amount of 12600 Rs at the rate of 10% per annum after two years?

  

  

  

  

  

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?

  

  

  

  

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

  

  

  

  

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?  

  

  

  

  

  

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?

  

  

  

  

  

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