MathematicsSimple Interest and Compound Interest (NTSE Stage1 (StateLevel) ScholasticAptitude & Language Comprehension): Questions 1  5 of 9
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Question number: 1
» Mathematics » Simple Interest and Compound Interest
Question
A lends a sum of money for 10 year at 5 % simple interest, B lends double that amount for 5 year at the same rate of interest. Which of the following statement is true in this regard?
Choices
Choice (4)  Response  

a.  A will get twice the amount of interest that B would get 

b.  B will get four times the amount of interest that A would get 

c.  B will get twice the amount of interest that A would get 

d.  A and B will get the same amount as an interest 

Question number: 2
» Mathematics » Simple Interest and Compound Interest
Question
A sum amount to Rs. 9680 in 2 year and to Rs. 10648 in 3 year compounded annually. Then, the sum and rate of interest respectively are
Choices
Choice (4)  Response  

a.  Rs. 8500, 9% 

b.  Rs. 8500, 10% 

c.  Rs. 8000, 10% 

d.  Rs. 8000, 9% 

Question number: 3
» Mathematics » Simple Interest and Compound Interest
Question
A man borrows Rs. 4000 at 8 % per annum on compound interest. At the end of every year he pays Rs. 1500 as part payment of loan and interest. How much does he still due to the bank after three such annual payments?
Choices
Choice (4)  Response  

a.  Rs. 2000 

b.  Rs. 1799 

c.  Rs. 169.25 

d.  All of the above 

Question number: 4
» Mathematics » Simple Interest and Compound Interest
Question
The compound interest on Rs. 5000 for 3 year at 5 % for the first year, 10 % for the second year and 12 % for the third year will be
Choices
Choice (4)  Response  

a.  Rs. 5580 

b.  Rs. 1468 

c.  Rs. 5850 

d.  Rs. 1648 

Question number: 5
» Mathematics » Simple Interest and Compound Interest
Question
A sum of money doubles itself at compound interest in 15 year. It will becomes 8 times in
Choices
Choice (4)  Response  

a.  30 year 

b.  40 year 

c.  45 year 

d.  60 year 
