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SIMPLE AND COMPOUND INTEREST
SIMPLE AND COMPOUND INTEREST QUANTITATIVE APTITUDE MOCK TEST SET 4
January 17, 2016
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1.In 5 years the simple interest on a certain sum amounts to 1/4th of the sum. The rate of interest per annum is
(a)4%
(b)5%
(c )6%
(d)can’t be determined

Answer

b

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2. Rs. 4800 becomes Rs. 6000 in 4 yrs. At a certain rate of compound interest what will be the sum after 12 years?
(a)Rs. 10, 375
(b)Rs. 8, 375
(c )Rs. 9,375
(d)can’t be determined

Answer

c

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3.If a sum at compound interest becomes Rs. 16900 in 2yrs. And Rs. 17576 in 3 yrs. Then find the rate of interest?
(a)4%
(b)5%
(c )6%
(d)7.1% (e)8%

Answer

a

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4.Simple interest on a certain sum for 4 yrs is Rs. 200 and for 5 yrs. Is Rs. 250 Find the sum
(a)Rs. 1000
(b)Rs. 2000
(c )Rs.800
(d)Data inadequate
(e)None

Answer

d

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5.What is the least no.of years for which simple interest must be reckoned at 3% on Rs. 212.50 so that the interest may be an exact number of rupees?
(a)6
(b)8
(c )4
(d)Data inadequate
(e)none

Answer

b

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6.Two equal sums were loan at 5% and 4% respectively and joint interest on a certain sum of money 3 yrs. At 5% p.a. is Rs. 122. Find the sum
(a)Rs.14,000
(b)Rs. 16,000
(c )Rs. 18,000
(d)Rs. 20,000
(e)None

Answer

d

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7.The difference between compound interest and simple interest on a certain sum of money 3 yrs. At 5% p.a is Rs. 122 Find the sum.
(a)Rs. 14,000
(b)Rs. 16,000
(c )Rs. 18,000
(d)Rs.20,000
(e)None

Answer

b

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8. Difference between simple interest and compound interest for 3 years at 10% p… is Rs. 93, the sum is
(a) Rs. 2500
(b) Rs.2750
(c) Rs.3000
(d) Rs. 3500

Answer

c

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9. A cretin sum of money at simple interest amounts to Rs. 1012 in 21/2 yrs and to R. 1067.20 in 4 yrs. The rate of interest p.a is
(a)3%
(b)2.5%
(c )4%
(d)None

Answer

d

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10.A lnt Rs. 400 to B for 2 yrs. And Rs. 250 to C for 4 yrs. And received altogether from both Rs. 360 as interest. Find the rate of interest, simple interest being calculated?
(a) 5
(b) 10
(c) 15
(d) 20
(e) 25

Answer

d

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