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

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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%

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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

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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

Edit

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.

Edit