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Aptitude Logical Reasoning Compound Interest Part 3

This document contains 15 multiple choice questions related to compound interest rates and calculations. It provides the questions, possible answer choices, and identified answer for each question. The questions cover topics such as calculating compound interest on investments over different time periods at given rates, comparing simple and compound interest amounts, and determining principal or interest rate given other details.

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SUBHA
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77 views

Aptitude Logical Reasoning Compound Interest Part 3

This document contains 15 multiple choice questions related to compound interest rates and calculations. It provides the questions, possible answer choices, and identified answer for each question. The questions cover topics such as calculating compound interest on investments over different time periods at given rates, comparing simple and compound interest amounts, and determining principal or interest rate given other details.

Uploaded by

SUBHA
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Examrace
Aptitude Logical Reasoning Compound Interest 2020 Competitive
Exams Part 3
Glide to success with Doorsteptutor material for CTET : fully solved questions with step-by-
step explanation- practice your way to success.

1. What amount does Kiran get if he invests Rs.8000 at 10% p.a. compound interest for two
years, compounding done annually?

A. Rs.9630

B. Rs.9680

C. Rs.9610

D. Rs.9650

E. None of these

Answer: E

2. The compound interest earned by Sunil on a certain amount at the end of two years at the
rate of p.a. was Rs.2828.80. Find the total amount that Sunil got back at the end of two
years in the form of principal plus interest earned.

A. Rs.18,828.80

B. Rs.19,828.80

C. Rs.18,028.80

D. Rs.17,828.80

E. None of these

Answer: B

3. Find the compound interest accrued on an amount of Rs.14,800 at 13.5% p.a at the end of two
years. (Round off your answer to nearest integer)

A. Rs.4273

B. Rs.4613

C. Rs.4064

D. Rs.4266

E. None of these

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Answer: D

4. Raj invested an amount of Rs.17400 for two years. Find the rate of compound interest that
will fetch him an amount of Rs.1783.50 at the end of two years?

A. p.a.

B. p.a.

C. p.a.

D. p.a.

E. None of these

Answer: D

5. Compound interest earned on a sum for the second and the third years are Rs.1200 and
Rs.1440 respectively. Find the rate of interest?

A. 18% p.a.

B. 22% p.a.

C. 20% p.a.

D. 24% p.a.

E. None of these.

Answer: C

6. A sum of Rs.4800 is invested at a compound interest for three years, the rate of interest being
p.a., p.a. and p.a. for the 1st , 2nd and the 3rd years respectively. Find the
interest received at the end of the three years.

A. Rs.2520

B. Rs.3120

C. Rs.3320

D. Rs.2760

E. None of these

Answer: B

7. A man gets a simple interest of Rs.500 on a certain principal at the rate of 5% p.a in two
years. Find the compound interest the man will get on twice the principal in two years at the
same rate.

A. Rs.500

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B. Rs.250

C. Rs.5012.50

D. Rs.5062.50

E. None of these.

Answer: E

8. The simple interest accrued on an amount of Rs.49500 at he end of three is Rs.17820. What
would be the compound interest accured on the same amount at the same rate in the same
period? (Round off your answer to two decimal places)

A. Rs.20043.94

B. Rs.18654.81

C. Rs.20264.46

D. Rs.19612.41

E. None of these

Answer: A

9. The compound interest accrued on an amount of Rs.44000 at the end of two years is
Rs.1193.60. What would be the simple interest accrued on the same amount at the same rate in
the same period?

A. Rs.10,840

B. Rs.10,720

C. Rs.10,560

D. Rs.10,280

E. None of these.

Answer: C

10. A person got Rs.48 more when he invested a certain sum at compound interest instead of
simple interest for two years at 8% p.a. Find the sum?

A. Rs.7500

B. Rs.7000

C. Rs.8000

D. Rs.6500

E. None of these
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Answer: A

11. The compound and the simple interests on a certain sum at the same rate of interest for two
years are Rs.11730 and Rs.10200 respectively. Find the sum.

A. Rs.18000

B. Rs.17000

C. Rs.18500

D. Rs.17500

E. None of these.

Answer: B

12. What is the difference between the compound interest on Rs.12000 at 20% p.a. for one year
when compounded yearly and half yearly?

A. Rs.140

B. Rs.120

C. Rs.130

D. Rs.110

E. None of these.

Answer: B

13. The simple interest on Rs.12000 at a certain rate of interest in five years is Rs.7200. Find the
compound interest on the same amount for five years at the same rate of interest.

A. Rs.3502.80

B. Rs.3052.40

C. Rs.3054.8

D. Rs.3052.80

E. None of these

Answer: D

14. Ravi invested certain amount for two rates of simple interests at 6% p.a. and 7% p.a. What is
the ratio of Ravi's investments if the interests from those investments are equal?

A.

B.

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C.

D.

E. None of these

Answer: D

15. Siddharth wants to borrow Rs.6000 at rate of interest 6% p.a. at S.I and lend the same
amount at C.I at same rate of interest for two years. What would be his income in the above
transaction?

A. Rs.21.60

B. Rs.24.00

C. Rs.25.20

D. Rs.27.80

E. None of these

Answer: A

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