Financial Problems-Simple and Compound Interest [CAT (Common Admission Test for IIMs) Quantitative Aptitude to Quantitative Aptitude (QA)]: Questions 4 - 8 of 8
Choose Programs:
📹 Video Course 2024 (32 Lectures [11 hrs : 6 mins]): Offline Support
Rs. 100.00 -OR-
1 Month Validity (Multiple Devices)
Preview All LecturesDetails
🎓 Study Material (95 Notes): 2024-2025 Syllabus
Rs. 200.00 -OR-
3 Year Validity (Multiple Devices)
Topic-wise Notes & SampleDetails
🎯 575 MCQs (& PYQs) with Full Explanations (2024-2025 Exam)
Rs. 350.00 -OR-
3 Year Validity (Multiple Devices)
CoverageDetailsSample Explanation
Help me Choose & Register (Watch Video) Already Subscribed?
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 |
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. |
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 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. |
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. |