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  • Question
  • Gopal invested an amount of Rs. 25,000 in company A in 2003 for one year. Thereafter in 2004 he invested the amount along with interest in Company 'B' for one year? What was the total amount of interest earned in the two years together?


  • Options
  • A. Rs. 6218.75
  • B. Rs. 6800
  • C. Rs. 6920
  • D. Rs. 7200

  • Correct Answer
  • Rs. 6920 

    Explanation

    Simple interest formula I = P x R x T where
    P is the Principal amount of money to be invested at an Interest Rate R% per period for T Number of Time Periods.


    Interests earned by Gopal from Company A in 2003 = 25000 x 12 x 1/100
    Interests earned by Gopal from Company A in 2003 = 250 x 12 = 3000
    Total amount in the end of year 2003 = 25000 + 3000 = 28000
    Interests earned by Gopal from Company B in 2004 = 28000 x 14 x 1/100
    Interests earned by Gopal from Company B in 2004 = 280 x 14
    Interests earned by Gopal from Company B in 2004 = 3920
    Total interests accrued by Gopal in 2003 and 2004 from company A and company B = 3000 + 3920
    Total interests accrued by Gopal in 2003 and 2004 from company A and company B = Rs. 6920


  • More questions

    • 1. 
      Total number of employees working in the Production department forms approximately what % of the total number of employees working in the organisation?

    • Options
    • A. 12
    • B. 17
    • C. 21
    • D. 26
    • Discuss
    • 2. 
      For course D what is the respective ratio of boys and girls?

    • Options
    • A. 3 : 4
    • B. 3 : 5
    • C. 4 : 5
    • D. 5 : 6
    • Discuss
    • 3. 
      What should be the central angle of the sector for the cost of the raw material?

    • Options
    • A. 16°
    • B. 22.5°
    • C. 54.8°
    • D. 57.6°
    • Discuss
    • 4. 
      Total sales of Branch B 6 for both the years is what per cent of the total sales of Branch B 3 for both the years?

    • Options
    • A. 71.11%
    • B. 73.17%
    • C. 68.54%
    • D. 77.26%
    • Discuss
    • 5. 
      How is 'must' written in a code language?
      I. 'you must see' is writer as 'la pa ni' and 'did you see' is written as 'jo ni pa' in that code language.
      II. 'you did that' is written as 'pa si jo' in that code language.

    • Options
    • A. if the data in Statement I alone are sufficient to answer the question, while the data in Statement II alone are not sufficient to answer the question.
    • B. if the data in Statements II alone are sufficient to answer the question, while the data in Statement I alone are not sufficient to answer the question.
    • C. if the data in Statement I alone or in Statement II alone are sufficient to answer the question.
    • D. if the data in both the Statement I and II are not sufficient to answer the question.
    • Discuss
    • 6. 
      What is the respective ratio of total number of girls enrolled in Painting, Stiching and Dancing from all the Institutes together?

    • Options
    • A. 43 : 47 : 48
    • B. 44: 47 : 48
    • C. 44 : 48 : 47
    • D. 47 : 48 : 44
    • Discuss
    • 7. 
      What was the difference between the number of students enrolled in all the 3 districts together in the year 2008 and the number of students enrolled in District B over all the years together?

    • Options
    • A. 12000
    • B. 11000
    • C. 1100
    • D. 1400
    • Discuss
    • 8. 
      How many girls are there in course C?

    • Options
    • A. 16
    • B. 40
    • C. 44
    • D. 160
    • Discuss
    • 9. 
      What was the difference in the production of C type cars between 1996 and 1997?

    • Options
    • A. 5000
    • B. 7500
    • C. 10000
    • D. 2500
    • Discuss
    • 10. 
      What is the area of the isosceles triangle?
      I. Perimeter of the triangle is 14 m.
      II. Base of the triangle is 14 m.
      III. Height of the triangle is 5 m.

    • Options
    • A. I and II only
    • B. II and III only
    • C. I and II only or, II and III only
    • D. I and III only
    • Discuss


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