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Home Aptitude Simple Interest Comments

  • Question
  • A bank offers 20% compound interest per half year. A customer deposits Rs 7600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained from interest is


  • Options
  • A. Rs 9727
  • B. Rs 2432
  • C. Rs 4864
  • D. Rs 1216

  • Correct Answer
  • Rs 4864 

  • Tags: Bank Exams

    Simple Interest problems


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    • 1. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 12% per annum is Rs 72. What is the value of given sum (in Rs)?

    • Options
    • A. 10000
    • B. 20000
    • C. 5000
    • D. 15000
    • Discuss
    • 2. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 9% per annum is Rs 405. The sum is ______ .

    • Options
    • A. Rs 50000
    • B. Rs 100000
    • C. Rs 200000
    • D. Rs 150000
    • Discuss
    • 3. Rohan borrowed a certain sum of money at simple interest. Rate of interest was 3% per annum for first 3 years, 4% per annum for next 5 years and 6% per annum for next 7 years. If he paid Rs 2059 as interest, then what is the sum borrowed (in Rs)?

    • Options
    • A. 2400
    • B. 2500
    • C. 2900
    • D. 3100
    • Discuss
    • 4. A sum amounts to Rs 7727.104 at the rate of 12% per annum compounded annually after three years. What is the value of principal (in Rs)?

    • Options
    • A. 5000
    • B. 5200
    • C. 5350
    • D. 5500
    • Discuss
    • 5. If a certain sum of money become thrice of itself in 5 years 4 months at simple interest, then what will be the yearly rate of interest (in %)?

    • Options
    • A. 18.75
    • B. 27.5
    • C. 37.5
    • D. 42.25
    • Discuss
    • 6. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 16% per annum is Rs 320. What is the value of given sum (in Rs)?

    • Options
    • A. 25000
    • B. 50000
    • C. 37500
    • D. 12500
    • Discuss
    • 7. On a certain principal if the Simple interest for two years is Rs 3000 and Compound interest for the two years is Rs 3225, what is the rate of Interest?

    • Options
    • A. 7.5 percent
    • B. 30 percent
    • C. 15 percent
    • D. 22.5 percent
    • Discuss
    • 8. Ganesh invested an amount of Rs x in a fixed deposit scheme offering 5% per annum for 1st year and 15% per annum for 2nd year and received an amount of Rs 9660 after two years. What is the value of x (in Rs)?

    • Options
    • A. 9000
    • B. 8000
    • C. 8500
    • D. 8200
    • Discuss
    • 9. An amount fetched a total simple interest of Rs. 3200 at the rate of 6.25 %/yr in 4 years. What is the amount (in Rs)?

    • Options
    • A. 13800
    • B. 11800
    • C. 12800
    • D. 14800
    • Discuss
    • 10. The simple and compound interest that can be earned in two years at the same rate is Rs 1500 and Rs 1575 respectively. What is the rate (% per annum) of interest?

    • Options
    • A. 8
    • B. 10
    • C. 12
    • D. 5
    • Discuss


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