Financial Problems-Simple and Compound Interest [CAT (Common Admission Test for IIMs) Quantitative Aptitude to Quantitative Aptitude (QA)]: Questions 4 - 8 of 8

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Question 4

Question MCQ▾

A sum of money invested for a certain number of years at p. a. simple interest grows to . The same sum of money invested for the same number of years at p. a. simple interest grows to only. For how many years was the sum invested?

Choices

Choice (4)Response

a.

20 years

b.

15 years

c.

25 years

d.

Question does not provide sufficient data or is vague

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Question 5

Question MCQ▾

Two identical sum of money are invested in different schemes offering the same rate of interest albeit one at simple interest and the other at compound interest compounded annually. If the differences in the interests earned in the second and third year are Rs 30 and Rs 36 respectively, then the principle amount is:

Choices

Choice (4)Response

a.

b.

c.

d.

Edit

Passage

Karan invested some amount in two different schemes such that he interest received from Scheme 1 for 2 years and of interest received from Scheme 2 for 4 years is same. If Karan earns ‘j’ amount, out of which he spends of food, on rent, on transport and saves the remaining which is then invested in these two different schemes.

Question 6 (1 of 2 Based on Passage)

Question MCQ▾

What is the value of

Choices

Choice (4)Response

a.

7200 Rs

b.

6200 Rs

c.

8600 Rs

d.

5500 Rs

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Question 7 (2 of 2 Based on Passage)

Question MCQ▾

What percentage of the salary is invested in Scheme 2?

Choices

Choice (4)Response

a.

b.

c.

d.

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Question 8

Appeared in Year: 2021

Question MCQ▾

Anil invests some money at a fixed rate of interest, compounded annually. If the interests accrued during the second and third year are ₹ , respectively, the interest accrued, in INR, during the fourth year is nearest to

Choices

Choice (4)Response

a.

b.

.

c.

d.

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