Quantitative Apitude-Compound Interest
Quantitative Apitude-Compound Interest
21. 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 :
- Rs. 842
- Rs. 792
- Rs. 720
- Rs. 700
22. 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 ?
- Rs. 15600
- Rs. 12864
- Rs. 12000
- none of these
23. The difference between simple interest and compound interest on Rs. 1200 for one year at 10% per annum, reckoned half-yearly is :
- Nil
- Rs. 13.20
- Rs. 8.80
- Rs. 3
24. The difference between the compound interests on Rs. 1600 for one year at 20% per annum. when compounded half yearly and quarterly is :
- Rs. 8.81
- Rs. 9.41
- Rs. 10.36
- Rs. 8.50
25. The compound interest on Rs. 8000 at 15% per annum for 2 years 4 months, compound annually is :
- Rs. 2980
- Rs. 3091
- Rs. 3109
- Rs. 3100
26. A t what rete of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years ?
- 7%
- 6%
- 7.5%
- 6.5%
27. A sum of money invested at compound interest amounts to Rs.800 in 3 years and Rs. 840 in 4 years What is the rate of interest per annum ?
- 2%
- 4%
- 5%
- 10%
28. A sum of money becomes 8 times of itself in 3 years at compound interest. the rate of interest is :
- 100%
- 8 %
- 1 %
- Data inadequate
29. 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:
- Rs. 120
- Rs. 121
- Rs. 122
- Rs. 123
30. 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:
- 625
- 630
- 640
- 650