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Arithmetic Aptitude :: Compound Interest

  1. 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:

  2. A.

    Rs. 120

    B.

    Rs. 121

    C.

    Rs. 122

    D.

    Rs. 123

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  3. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:

  4. A.

    625

    B.

    630

    C.

    640

    D.

    650

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  5. There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?

  6. A.

    Rs. 2160

    B.

    Rs. 3120

    C.

    Rs. 3972

    D.

    Rs. 6240

    E.

    None of these

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  7. What is the difference between the compound interests on Rs. 5000 for 1\(\frac { 1 } { 2 } \) years at 4% per annum compounded yearly and half-yearly?

  8. A.

    Rs. 2.04

    B.

    Rs. 3.06

    C.

    Rs. 4.80

    D.

    Rs. 8.30

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  9. 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.?

  10. A.

    Rs. 9000.30

    B.

    Rs. 9720

    C.

    Rs. 10123.20

    D.

    Rs. 10483.20

    E.

    None of these

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  11. At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?

  12. A.

    6%

    B.

    6.5%

    C.

    7%

     

    D.

    7.5%

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  13. The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:

  14. A.

    3

    B.

    4

    C.

    5

    D.

    6

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  15. 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?

  16. A.

    Rs. 8600

    B.

    Rs. 8620

    C.

    Rs. 8820

    D.

    None of these

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

  18. A.

    6.06%

    B.

    6.07%

    C.

    6.08%

    D.

    6.09%

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  19. 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:

  20. A.

    Rs. 1550

    B.

    Rs. 1650

    C.

    Rs. 1750

    D.

    Rs. 2000

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