Financial Problems-Simple and Compound Interest [Bank-PO (NRA) Quantitative-Aptitude]: Questions 19 - 23 of 33
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Question 19
Question MCQ▾
Parag invested a sum of ₹ 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. | 8878 | |
b. | 8978 | |
c. | 8678 | |
d. | 8778 |
Question 20
Question MCQ▾
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. | 100% | |
c. | 200% | |
d. | 250% |
Question 21
Question MCQ▾
The difference between simple and compound interest on a sum of money for 2 years at per annum is ₹ . The sum is?
Choices
Choice (4) | Response | |
---|---|---|
a. | 11025 | |
b. | 10000 | |
c. | 9785 | |
d. | 9591 |
Question 22
Question MCQ▾
The difference between simple and compound interest on a sum of money for 2 years at per annum is ₹ . The sum is?
Choices
Choice (4) | Response | |
---|---|---|
a. | 11025 | |
b. | 9785 | |
c. | 10000 | |
d. | 9591 |
Question 23
Question MCQ▾
A new scheme is launched by HDFC Bank where sum of money at compound interest doubles itself in 8 years. In how many years will it be 64 times itself?
Choices
Choice (4) | Response | |
---|---|---|
a. | ||
b. | ||
c. | ||
d. |