Quantitative Aptitude Practice Test On - Compound Interest - Part - 6

Compound Interest Online Test Part - 6

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

---

Question - 1:The difference between the compound interest and simple interest earned at the end of second year on a sum of money at 10 % per annum is Rs. 20. The sum is :?

1. Rs. 4000
2. Rs. 2000
3. Rs. 1500
4. Data inadequate

Show/Hide Answer

Answer = B - Rs. 2000
Explanation: No Explanation

Question - 2:A sum of Rs. 1100 was taken as a loan. This is to be rapid in two equal instalments. If the rate of interest be 20% compounded annually, then the value of each instalment is : ?

1. Rs. 842
2. Rs. 792
3. Rs. 720
4. Rs. 700

Show/Hide Answer

Answer = C - Rs. 720
Explanation: No Explanation

Question - 3:What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly and half-yearly? ?

1. Rs. 2.04
2. Rs. 3.06
3. Rs. 4.80
4. Rs. 8.30

Show/Hide Answer

Answer = A - Rs. 2.04
Explanation: No Explanation

Question - 4:The Simple interest on a certain sum for 2 years at 10% per annum is Rs. 90. The corresponding compound interest is ?

1. Rs. 99
2. Rs. 95.60
3. Rs. 94.50
4. Rs. 108

Show/Hide Answer

Answer = c - Rs. 94.50
Explanation: No Explanation

Question - 5:A sum of Rs. 12000 deposited at compound interest becomes double after 5 years. After 20 years it will become : ?

1. Rs. 120000
2. Rs. 192000
3. Rs. 124000
4. Rs. 96000

Show/Hide Answer

Answer = B - Rs. 192000
Explanation: No Explanation

Question - 6:A man borrows Rs. 12500 from a bank at 20% compound interest. At the end of every year he pays Rs. 2000 as part repayment. How much does he still owe to the bank after three such instalments ? ?

1. Rs. 15600
2. Rs. 12864
3. Rs. 12000
4. none of these

Show/Hide Answer

Answer = D - none of these
Explanation: No Explanation

Question - 7:The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:?

1. 2
2. 3
3. 4
4. 5

Show/Hide Answer

Answer = A - 2
Explanation: No Explanation

Question - 8:The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is: ?

1. Rs. 400
2. Rs. 500
3. Rs. 600
4. Rs. 800

Show/Hide Answer

Answer = B - Rs. 500
Explanation: No Explanation

Question - 9:The difference between simple interest and compound interest on Rs. 1200 for one year at 10% per annum, reckoned half-yearly is : ?

1. Nil
2. Rs. 13.20
3. Rs. 8.80
4. Rs. 3

Show/Hide Answer

Answer = D - Rs. 3
Explanation: No Explanation

Question - 10:What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.? ?

1. Rs. 9000.30
2. Rs. 9720
3. Rs. 10123.20
4. Rs. 10483.20

Show/Hide Answer

Answer = C - Rs. 10123.20
Explanation: No Explanation

Comment Via Facebook