Financial Problems-Simple and Compound Interest [CDS (Combined Defense Services) Elementary Mathematics (Quantitative)]: Questions 1 - 4 of 4
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Question 1
Question MCQ▾
The difference between compound interest and simple interest at the same rate of interest R percent per annum on an amount of ₹ 15,000 for 2 years is ₹ 96. What is the value of R?
Choices
Choice (4) | Response | |
---|---|---|
a. | 12 | |
b. | 8 | |
c. | 10 | |
d. | Cannot be determined due to insufficient data |
Question 2
Question MCQ▾
There is increase in an amount in 6 years at simple interest. What will be the compound interest on after 3 years at the same rate of interest?
Choices
Choice (4) | Response | |
---|---|---|
a. | ₹ 3,120 | |
b. | ₹ 3,972 | |
c. | ₹ 6,240 | |
d. | ₹ 2,160 |
Question 3
Appeared in Year: 2018
Question MCQ▾
What is the principal amount which earns Rs 210 as compound interest for the second year at 5% per annum?
Choices
Choice (4) | Response | |
---|---|---|
a. | Rs 3200 | |
b. | Rs 4000 | |
c. | Rs 2000 | |
d. | Rs 4800 |
Question 4
Appeared in Year: 2018
Question MCQ▾
Two equal amounts were borrowed at 5% and 4% simple interest. The total interest after 4 years amounted to Rs 405. What was the total amount borrowed?
Choices
Choice (4) | Response | |
---|---|---|
a. | Rs 1100 | |
b. | Rs 1075 | |
c. | Rs 1125 | |
d. | Rs 2250 |