Financial Problems-Simple and Compound Interest (Bank-PO (IBPS) Quantitative-Aptitude): Questions 17 - 21 of 24

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Question number: 17

» Financial Problems » Simple and Compound Interest

Appeared in Year: 2007

MCQ▾

Question

A certain amount earns simple interest of Rs. 1, 750/- after 7 years. Had the interest been 2 % more, how much more interest would it have earned? (SBI PO)

Choices

Choice (4) Response

a.

Rs. 350

b.

Rs. 35

c.

Rs. 245

d.

Cannot be determined

Question number: 18

» Financial Problems » Simple and Compound Interest

MCQ▾

Question

A sum of 16800 is divided into two parts. One part is lent at the simple rate of interest 6 % p. a and the other at 8 % p. a. After two years total sum received is 19000. The sum lent at at the rate of 6 % p. a. Is: (IBPS PO 2013)

Choices

Choice (4) Response

a.

12000

b.

11000

c.

12200

d.

10000

Question number: 19

» Financial Problems » Simple and Compound Interest

MCQ▾

Question

Parag invested a sum of Rs. 5500 on simple interest at 8 % per annum for 5 years. He then invested only the interest obtained after 5 years on another plan at 7 % simple interest for an additional 7 years. What is the total amount that Parag has after 12 years?

Choices

Choice (4) Response

a.

8778

b.

8678

c.

8978

d.

8878

Question number: 20

» Financial Problems » Simple and Compound Interest

MCQ▾

Question

Bijoy invested a certain sum at simple interest & Vikrant invested same sum at compound interest. The ratio of rates (in % per annum) of simple and compound interest is 2: 1. After 2 years, two of them received equal amounts, then at what rate did Vikrant invested?

Choices

Choice (4) Response

a.

125%

b.

250%

c.

100%

d.

200%

Question number: 21

» Financial Problems » Simple and Compound Interest

MCQ▾

Question

The difference between simple and compound interest on a sum of money for 2 years at Equation per annum is Rs. Equation . The sum is?

Choices

Choice (4) Response

a.

10000

b.

11025

c.

9591

d.

9785

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