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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. 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 1 of 15

2. 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 2 of 15

3. 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 3 of 15

4. A sum of money invested at compound interest amounts in 3 years to ζ 2,400 and in 4 years to ζ 2,520.The interest rate per annum is?

Question 4 of 15

5. 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 5 of 15

6. What will ζ 1000 be worth after three years if it earns interest at the rate of 5% compounded annually?

Question 6 of 15

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

Question 7 of 15

8. 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 8 of 15

9. Subash purchased a refrigerator on the terms that he is required to pay ζ 1,500 cash down payment followed by  ζ 1020 at the end of first year, ζ 1,003 at the end of second year and  ζ 990 at the end of third year.Interest is charged at the rate of 10% per annum. Calculate the cash price.

Question 9 of 15

10. 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 10 of 15

11. The population of a city increases at a rate of 4% per annum.There is an additional annual increase of 1% in the population due to the influx of job seekers.The % increase in the population after 2 years is therefore?

Question 11 of 15

12. 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 12 of 15

13. A machine being used by a company is estimated to have a life of 15 years.At that time,the new machine would cost ζ 74,000 and the scrap of the old machine would yield  ζ 4,600 only.A sinking fund is created for replacing the machine at the end of its life.What sum should be invested by the company at the end of each year to accumulate at 6% per annum? *Use log 1.06=0.0253, antilog 0.3795=2.396)

Question 13 of 15

14. A man received  ζ 12000 as Puja Bonus.He invested a part of it at 5% per annum and the remaining at 6% per annum, simple interest being allowed in each case. The total interest earned by him in 4 years is  ζ 2580.The sum invested at 5% per annum is?

Question 14 of 15

15. A sum of money lent out at simple interest amounts to ζ 720 after 2 years and to ζ 1,020 after a further period of 5 years.The sum and the rate % are ?

Question 15 of 15


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