Interest [NRA CGL (National Recruitment Agency-Combined Graduate Level) Mathematics]: Questions 6 - 10 of 18

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Question 6

Interest
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Question

MCQ▾

A sum of money at simple interest amounts to Rs. 1060 in 2 years and to Rs. 1090 in 6 years. The rate of interest per annum is

Choices

Choice (4)Response

a.

14.5 %

b.

0.72 %

c.

0.6 %

d.

1.73 %

Question 7

Interest
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Question

MCQ▾

A sum of money amounts to Rs. 726 in 2 years at 10 % per annum of compound interest. The sum is

Choices

Choice (4)Response

a.

Rs. 600

b.

Rs. 400

c.

Rs. 500

d.

Rs. 300

Question 8

Interest
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Question

MCQ▾

A money lender finds that due to a fall in the annual rate of interest from 10 % to his yearly income diminishes by Rs. 70. His capital is (Paper- I)

Choices

Choice (4)Response

a.

Rs. 62000

b.

Rs. 52000

c.

Rs. 28000

d.

Rs. 32000

Question 9

Interest
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Question

MCQ▾

If the compound interest on a sum for 2 years at per annum is Rs. 2064, the simple interest on the same sum at the same rate for the same period of time is:

Choices

Choice (4)Response

a.

Rs. 1280

b.

Rs. 1820

c.

Rs. 1920

d.

Rs. 1410

Question 10

Interest
Edit

Question

MCQ▾

Rs. 500 was invested at 12 % per annum simple interest and a certain sum of money invested at 10 % per annum simple interest. If the sum of the interests on both the sums after 4 years is Rs. 480, the later sum of money is (Paper- I)

Choices

Choice (4)Response

a.

Rs. 2750

b.

Rs. 2600

c.

Rs. 2450

d.

Rs. 2000