General Ability and Intelligence - Simple Interest

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Question - 1

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?

  • A Rs. 8600
  • B Rs. 8620
  • C Rs.8800
  • D Rs. 8840
  • E None of these

Question - 2

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.?

  • A Rs. 9000.30
  • B Rs. 9720
  • C Rs. 10123.20
  • D Rs. 10483.20
  • E None of these

Question - 3

The compound interest on Rs. 20,480 at \(6{1\over4}\)% per annum for 2 years  73 days, is :

  • A Rs. 2929
  • B Rs. 3000
  • C Rs. 3131
  • D Rs. 3636

Question - 4

A man saves Rs. 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years?

  • A Rs. 565.25
  • B Rs. 635
  • C Rs. 662.02
  • D Rs. 666.50

Question - 5

Sam invested Rs. 15,000 @ 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by sam at the end year will be:

  • A Rs. 16,500
  • B Rs. 16,525.50
  • C Rs. 16,537.50
  • D Rs. 18,150
  • E None of these

Question - 6

A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is

  • A Rs. 120
  • B Rs. 121
  • C Rs. 122
  • D Rs. 123

Question - 7

What is the difference between the compound interests on Rs.5000 for \(1{1\over2}\) years at 4% per annum compounded yearly and half yearly?

  • A Rs. 2.04
  • B Rs. 3.06
  • C Rs. 4.80
  • D Rs. 8.30

Question - 8

Find the compound interest on  Rs. 15,625 for 9 months at 16% per annum compounded quarterly.

  • A Rs. 1851
  • B Rs. 1941
  • C Rs. 1951
  • D Rs. 1961

Question - 9

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 rate and for the same time?

  • A Rs. 51.25
  • B Rs. 52
  • C Rs. 54.25
  • D Rs. 60

Question - 10

What will be the difference between simple and compound interest @ 10% per annum on a sum of Rs.1000 after 4 years?

  • A Rs. 31
  • B Rs. 32.10
  • C Rs. 40.40
  • D Rs. 64.10
  • E None of these