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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. 
      What is the total number of employees working in the IT department?

    • Options
    • A. 130
    • B. 124
    • C. 143
    • D. 101
    • Discuss
    • 2. 
      In a general body election, 3 candidates, p, q and r were contesting for a membership off the board.
      How many votes did each receive?
      I. p received 17 votes more than q and 103 votes more than r.
      II. Total votes cast were 1703.

    • Options
    • A. if statement I alone is sufficient to answer the question.
    • B. if statement II alone is sufficient to answer the question.
    • C. if both statement I and II together are necessary to answer the question.
    • D. if both statement I and II together are not sufficient to answer the question.
    • Discuss
    • 3. 
      On which day of the week did Sourav visit Delhi?
      I. Sourav visited Delhi after Monday before but before Thursday but not on an odd day of the week
      II. Sourav visited Delhi before Friday but after Monday.

    • 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
    • 4. 
      Cost of production of item I by company F is what percent of the cost of production of item II by company D?

    • Options
    • A. 16 %
    • B. 33.33 %
    • C. 66.67 %
    • D. 12.5 %
    • Discuss
    • 5. 
      The number of job-seekers having their qualification as Matriculation in the year 2005 was:

    • Options
    • A. 525
    • B. 800
    • C. 1050
    • D. 1200
    • Discuss
    • 6. 
      The percentage of students passed in 1982 was

    • Options
    • A. 65 %
    • B. 70 %
    • C. 74 2 % 17
    • D. 82 6 % 17
    • Discuss
    • 7. 
      What was the ratio of the number of candidates appeared from Zone P in the year 2005 to the number of candidates qualified from Zone S in the year 2007?

    • Options
    • A. 4 : 7
    • B. 4 : 9
    • C. 9 : 4
    • D. 8 : 13
    • Discuss
    • 8. 
      on which date is Amit's birthday in September 2010?>
      I. Last years hjis birthday was on last Thursday of the month in September 2009.
      II. This year his birthday will be on the last Friday of the month in September 2010.

    • Options
    • A. if the data in statement I alone is sufficient to answer the question, while the data in statement II alone are not sufficient to answer the question.
    • B. if the data in statement 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 either in statements I alone or in statement II alone are sufficient to answer the question; and
    • D. if the data given in both the statement I and II together are not sufficient to answer the question; and
    • Discuss
    • 9. 
      In Katakana, number of specialist officers approximately what per cent of that of officers?

    • Options
    • A. 6.9
    • B. 8
    • C. 8.7
    • D. 9
    • Discuss
    • 10. 
      What is the approximate difference between the average number of people working in Marketing and production departments from all the organisations together?

    • Options
    • A. 231
    • B. 300
    • C. 330
    • D. 578
    • Discuss


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