# Financial Problems-Simple and Compound Interest (Bank-PO (IBPS) Quantitative-Aptitude): Questions 12 - 16 of 24

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## Question number: 12

» Financial Problems » Simple and Compound Interest

MCQ▾

### 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

MCQ▾

### 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

MCQ▾

### 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

MCQ▾

### 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

MCQ▾

### 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.