Online Quantitative Aptitude Test On - Compound Interest - Online Test Part - 4

Compound Interest Online Test Part - 4

Exam Name - Quantitative Aptitude
Subject Name - Compound Interest
Exam Type - Multiple Choice Questions
No Of Questions - 10

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Question - 1:What is the principal amount which earns Rs. 132 as compound interest for the second year at 10% per annum ??

1. Rs. 1000
2. Rs. 1200
3. Rs. 1320
4. Rs. 1188

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Answer = B - Rs. 1200
Explanation: No Explanation

Question - 2: A certain sum amounts to Rs.4320 in 4 years and to Rs.4480 in 6 years. Find the sum. ?

1. Rs.4500
2. Rs.3500
3. Rs.4000
4. Rs.3000

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Answer = C - Rs.4000
Explanation: No Explanation

Question - 3:Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit? ?

1. Rs. 8600
2. Rs. 8600
3. Rs. 8820
4. None of these

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Answer = C - Rs. 8820
Explanation: No Explanation

Question - 4:If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time? ?

1. Rs. 51.25
2. Rs. 52
3. Rs. 54.25
4. Rs. 60

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Answer = A - Rs. 51.25
Explanation: No Explanation

Question - 5:A sum of money amounts to Rs. 4624 in 2 years and to Rs. 4913 in 3 years at compound interest. The sum is : ?

1. Rs. 4096
2. Rs. 4260
3. Rs. 4335
4. Rs. 4360

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Answer = A - Rs. 4096
Explanation: No Explanation

Question - 6:The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is: ?

1. 6.06%
2. 6.07%
3. 6.08%
4. 6.09%

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Answer = D - 6.09%
Explanation: No Explanation

Question - 7:In what time will Rs.1000 become Rs.1331 at 10% per annum compounded annually? ?

1. 2 years
2. 3 years
3. 4 years
4. 7 years

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Answer = B - 3 years
Explanation: No Explanation

Question - 8:A sum of money placed at compound interest doubles itself in 5 years. It will amount to eight times itself in :?

1. 10 years
2. 12 years
3. 15 years
4. 20 years

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Answer = C - 15 years
Explanation: No Explanation

Question - 9:Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:?

1. Rs. 1550
2. Rs. 1650
3. Rs. 1750
4. Rs. 2000

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Answer = C - Rs. 2000
Explanation: No Explanation

Question - 10:If the simple interest on a sum of money at 5% per annum for 3 years is Rs. 1200, find the compound interest on the same sum for the same period at the same rate. ?

1. 1251
2. 1261
3. 1271
4. 1281

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Answer = B - 1261
Explanation: No Explanation

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