Financial ProblemsSimple and Compound Interest (BankPO (IBPS) QuantitativeAptitude): Questions 17  21 of 24
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Question number: 17
» Financial Problems » Simple and Compound Interest
Appeared in Year: 2007
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
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
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
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
Question
The difference between simple and compound interest on a sum of money for 2 years at per annum is Rs. . The sum is?
Choices
Choice (4)  Response  

a.  10000 

b.  11025 

c.  9591 

d.  9785 
