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Quantitative Reasoning Simple Compound Interest Test Online Mcqs

Test Name Quantitative Reasoning Simple Compound Interest Test
Subject Aptitude
Test Type MCQS
Total Question 23
Total Marks 46
Total Time 23
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Quantitative Reasoning Simple Compound Interest Test Online Mcqs


1. A computer is available for ζ 39,000 cash or ζ 17,000 as cash down payment followed by five monthly installments of ζ 4,800 each.What is the rate of interest under the installment plan?

Question 1 of 15

2. Sanjay borrowed a certain sum from Anil at a certain rate of simple interest for 2 years.He lent this sum to Ram at the same rate of interest compounded annually for the same period.At the end of two years,he received ζ 4200 as compound interest but paid  ζ  4000 only as simpe interest.Find the rate of interest?

Question 2 of 15

3. Ram takes a loan of ζ 10,000 and pays back ζ 13,000 after 3 years.The compound interest rate per annum will be approximately

Question 3 of 15

4. Ajitha borrowed ζ 240 interest free from her parents to pay for her college education.If she pays back 2 1/2 percent of this amount quarterly,and has already paid ζ 42,00,then for how many months has she been paying back her loan?

Question 4 of 15

5. The banker's discount and the true discount on a certain sum of money due 4 months hence are ζ 515 and ζ 500 respectively.The rate of interest is?

Question 5 of 15

6. The different between simple interest and the compound interest compounded annually at the rate of 12% per annum on ζ 5000 for two years will be

Question 6 of 15

7. A finance company declares that,at a certain compound interest rate,a sum of money deposited by anyone will become 8 times in three years.If the same amount is deposited at the same compound rate of interest,then in how many years will it become 16 times?

Question 7 of 15

8. How much interest will ζ 10,000 earn in 9 months at an annual rate of 6 percent?

Question 8 of 15

9. If the difference between the simple and the compound interests on same principal amount at 20% for 3 years is ζ 48,then the principal amount must be

Question 9 of 15

10. Sumit lent some money to Mohit at 5% per annum simple interest.Mohit lent the entire amount to Birju on the same day at 8 1/2% per annum.In this transaction,after a year Mohit earned a Rs 350.Find the sum of money lent by Sumit to Mohit.

Question 10 of 15

11. Two equal sums of money were invested,one at 4% and the other at 4 1/2.At the end of 7 years,the simple interest received from the latter exceeded that received from the former by ζ 31.50.Each sum was

Question 11 of 15

12. Under the Rural Housing Scheme,the Delhi Development Authority (DDA) allotted a house to Kamal Raj for ζ 1,26,100.This payment is to be made in three equal annual installments.If the money is reckoned at 5% per annum compound interest,how much is to be paid by Kamal Raj in each installment?

Question 12 of 15

13. Two equal sums of money are lent at the same time at 8% and 7% peer annum simple interest.The former is recovered 6 months earlier than the latter and the amount in each is ζ 2,560.The sum and the time for which the sums of money are lent out are?

Question 13 of 15

14. Seema invested an amount of ζ 16,000 for two years on compound interest and received an amount of ζ 17,640 on maturity.What is the rate of interest?

Question 14 of 15

15. Ravi gave ζ 1200 on loan.Some amount he gave at 4% per annum simple interest and remaining at 5% per annum simple interest.After two years,he got ζ 110 as interest.Then the amounts given at 4% and 5% per annum simple interest are,respectively

Question 15 of 15


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