Financial ProblemsSimple and Compound Interest (BankPO QuantitativeAptitude): Questions 12  16 of 18
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Question number: 12
» Financial Problems » Simple and Compound Interest
Question
Sri Gupta borrowed a sum at compound interest. What is the amount returned in 2 years.
i) The rate of interest is 5 % p. a
ii) The simple interest incurred on the sum in 1 years 600.
iii) The borrowed sum is ten times the amount earned at simple interest in two years.
(IBPS PO 2013)
Choices
Choice (4)  Response  

a.  Only i) 

b.  All i) ii) and iii) 

c.  Either i) or iii) 

d.  Only ii) and iii) 

Question number: 13
» Financial Problems » Simple and Compound Interest
Appeared in Year: 2011
Question
Shamita took a loan at simple interest rate of 6 p. c. p. a. in the first year and it increased by 1.5 p. c. p. a. every year. If she pays Rs. 8, 190 as interest at the end of 3 years, what was her loan amount? (IDBI Executive exam)
Choices
Choice (4)  Response  

a.  36000 

b.  36800 

c.  None of the above 

d.  Cannot be determined 

Question number: 14
» Financial Problems » Simple and Compound Interest
Question
Selvina borrowed some money at 7 % p. a. For first 5 years, 6 % p. a for next 3 years and 5 % for last 2 years. If Simple interest paid by her was Rs. 4410. What was the amount she borrowed?
Choices
Choice (4)  Response  

a.  10000 

b.  9000 

c.  8000 

d.  7000 

Question number: 15
» Financial Problems » Simple and Compound Interest
Question
The compound interest on Principal of Rs. 7500 at a rate of 4 % p. a was found to be Rs. 612. Find the duration of time.
Choices
Choice (4)  Response  

a.  1 

b.  1.5 

c.  2 

d.  2.5 

Question number: 16
» Financial Problems » Simple and Compound Interest
Appeared in Year: 2006
Question
Rs. 800 becomes Rs. 956 in 3 years at certain simple rate of interest. If the rate of interest is increased by 4%, what amount will Rs. 800 become in 3 years? (SBI PO)
Choices
Choice (4)  Response  

a.  Rs. 1025 

b.  Rs. 1052 

c.  Rs. 1020.8 

d.  Data inadequate 
