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

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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

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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

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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

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