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Home Aptitude Compound Interest See What Others Are Saying!
  • Question
  • A person invested a certain amount at simple interest at the rate of 6 percent annum earning Rs. 900 as an interest at the end of three years. Had the interest been compounded every year. How much more interest would he have earned on the same amount with the same interest after three years?


  • Options
  • A. Rs. 38.13
  • B. Rs. 25.33
  • C. Rs. 55.08
  • D. Rs. 35.30

  • Correct Answer
  • Rs. 55.08 

    Explanation

    Certain sum for the person = (900 x 100)/(6 x 3) =Rs. 5000
    ? Interest on Rs. 5000 by C.I. = 5000(1 +6/100)3 - 5000 = Rs. 955.08
    ? More interest =Rs. (955.08 - 900) = Rs. 55.08


  • More questions

    • 1. 
      The smallest positive prime (say p) such that 2 p - 1is not a prime is

    • Options
    • A. 5
    • B. 11
    • C. 17
    • D. 29
    • Discuss
    • 2. 16, 25, 36, 72, 144, 196, 225

    • Options
    • A. 36
    • B. 72
    • C. 196
    • D. 225
    • Discuss
    • 3. 8, 13, 21, 32, 47, 63, 83

    • Options
    • A. 47
    • B. 63
    • C. 32
    • D. 83
    • Discuss
    • 4. 
      [( 3.242 x 14 ) / 100] =?

    • Options
    • A. 0.045388
    • B. 4.5388
    • C. 453.88
    • D. None of these
    • Discuss
    • 5. From a point P on a level ground, the angle of elevation of the top of a tower is 30°, if the tower is 100 m high, find the distance of point P from the foot of the tower.

    • Options
    • A. 100 m
    • B. 173 m
    • C. 200 m
    • D. 273 m
    • Discuss
    • 6. Ayesha's father was 38 years of age when she was born while her mother was 36 years old when her brother four years younger to her was born. What is the difference between the ages of her parents?

    • Options
    • A. 2 years
    • B. 4 years
    • C. 6 years
    • D. 8 years
    • Discuss
    • 7. A dishonest milkman professes to sell his milk at cost price but he mixes it with water and thereby gains 25%. The percentage of water in the mixture is:

    • Options
    • A. 4%
    • B. 6¼%
    • C. 20%
    • D. 25%
    • Discuss
    • 8. A farmer travelled a distance of 61 km in 9 hours. He travelled partly on foot @ 4 km/hr and partly on bicycle @ 9 km/hr. The distance travelled on foot is:

    • Options
    • A. 14 km
    • B. 15 km
    • C. 16 km
    • D. 17 km
    • Discuss
    • 9. 
      3.2 x 8.1 + 3185 ÷ 4.95 =?

    • Options
    • A. 670
    • B. 660
    • C. 645
    • D. 690
    • Discuss
    • 10. 
      Exp. = (.35 x .0015) / (.25 x .07) written as a percentage is?

    • Options
    • A. 0.3 %
    • B. 3 %
    • C. 30 %
    • D. None of these
    • Discuss


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