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Home Aptitude Simple Interest See What Others Are Saying!
  • Question
  • A persom invests ? 12000 as fixed deposit at a bank at the rate of 10% per annum simple interest. But due to some pressing needs, he has to withdraw the entire money after 3 yr for which the bank allowed him a lower rate of interest. If he gets ? 3320 less than, what he would have got at the end of 5 yr the rate of interest allowed by bank is


  • Options
  • A. 78/9%
  • B. 87/9%
  • C. 78/9%
  • D. 77/9%

  • Correct Answer
  • 77/9% 

    Explanation

    Let the rate of interest allowed by bank be r%
    According to the question,
    [(12000 x 5 x 10)/100] - [(12000 x 3 x r)/100] = 3320
    ? 6000 - 360r = 3320
    ? 360r = 6000 - 3320 = 2680
    ? r = 2680/360 = 74/9%


  • More questions

    • 1. 
      0.0169 / 0.013=?

    • Options
    • A. .13
    • B. .013
    • C. 1.3
    • D. 13
    • Discuss
    • 2. 
      Two posts are x meter apart and the height of one is double that of the other. If from the midpoint of the line joining their feet, an observer finds the angular elevations of their tops to be complementary, then the height (in meter) of the shorter post is :

    • Options
    • A. x 2 ?2
    • B. x 4
    • C. x ?2
    • D. x ?2
    • Discuss
    • 3. 
      If p/q =4/5, then the value of 4/7 + {(2q - p) / (2q + p)} is?

    • Options
    • A. 3 / 7
    • B. 34
    • C. 1
    • D. 2
    • Discuss
    • 4. 
      What is 25% of 25% is equal to?

    • Options
    • A. 6.25
    • B. .625
    • C. .0625
    • D. .000625
    • Discuss
    • 5. 
      The number .05 is hoe many percent of 20?

    • Options
    • A. 25
    • B. .025
    • C. .25
    • D. 2.5
    • Discuss
    • 6. Find the lowest common multiple of 24, 36 and 40.

    • Options
    • A. 120
    • B. 240
    • C. 360
    • D. 480
    • Discuss
    • 7. 
      8 1/ 3% expressed as a fraction is?

    • Options
    • A. 25/3
    • B. 3/25
    • C. 1/12
    • D. 1/4
    • Discuss
    • 8. 
      .025 in terms of term of rate per cent is?

    • Options
    • A. .25%
    • B. 2.5%
    • C. 0.25%
    • D. 371/2%
    • Discuss
    • 9. 
      What percentage of 2/7 is 1/35?

    • Options
    • A. 2.5%
    • B. 10%
    • C. 25%
    • D. 20%
    • Discuss
    • 10. 
      A sum of ? 4000 is lent out in two parts, one at 8% simple interest and other at 10% simple interest. If the annual interest is ? 352, the sum lent at 8% is

    • Options
    • A. ? 1600
    • B. ? 2400
    • C. ? 1800
    • D. ? 2800
    • Discuss


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