A sum of money placed at compound interest doubles itself in 4 years. In how many years will it amount to 8 times?
Select an option to see the answer and solution.
Aptitude · all questionsInterest
Interest
practice.
Practice every MCQ with options. Use Show answers when you want the correct option and solution.
219
Questions
2/11
Page
Pick an option on a question to see the right answer and solution.
Divide Rs. 6000 into two parts so that simple interest on the first part for 2 years at 6% p.a. may be equal to the simple interest on the second part for 3 years at 8% p.a.
Select an option to see the answer and solution.
A sum of money becomes of itself in 6 years at a certain rate of simple interest. Find the rate of interest.
Select an option to see the answer and solution.
If a certain sum of money becomes doubles at simple interest in 12 years, what would be the rate of interest per annum?
Select an option to see the answer and solution.
If a sum of Rs. 13040 is to be repaid in two equal installments at % per annum, what is the amount of each installment?
Select an option to see the answer and solution.
What is the amount of equal installment, if a sum of Rs. 1428 due 2 years hence has to be completely repaid in 2 equal annual installments starting next year?.
Select an option to see the answer and solution.
A milkman sells cow milk at the rate of Rs. 55 litre including a profit 12 per cent. He also sells buffalo milk at the rate of Rs. 36 per litre including a profit of 20%. How much profit will he earn in five days if he sells 8 litres of cow milk and 10 litres of buffalo milk per day?
Select an option to see the answer and solution.
The population of vultures in a particular locality is decreases by certain rate of interest (compounded annually). If the current population of vultures be 29160 and the ratio of decrease in population for second year and 3rd year be 10 : 9. What was the population of vultures 3 years ago?
Select an option to see the answer and solution.
A man had 1000 hens at the beginning of year 2001 and the number of hens each year increases by 10% by giving birth. At the end of each year we double the no. of hens by purchasing the same no. of hens as there is the no. of hens with us at the time. What is the no. of hens at the beginning of 2004?
Select an option to see the answer and solution.
The difference between simple and compound interest for the fourth year is Rs. 7280 at 20% p.a. What is the principal sum?
Select an option to see the answer and solution.
A sum of Rs. 210 was taken as a loan. This is to be paid back in two equal installments. If the rate of the interest be 10% compounded annually, then the value of each installment is:
Select an option to see the answer and solution.
There is a decrease of 10% yearly on an article. If this article was bought 3 years ago and present cost is Rs. 5,832 then what was the cost of article at buying time?
Select an option to see the answer and solution.
A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:
Select an option to see the answer and solution.
Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?
Select an option to see the answer and solution.
A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is the sum?
Select an option to see the answer and solution.
How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
Select an option to see the answer and solution.
Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?
Select an option to see the answer and solution.
A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest?
Select an option to see the answer and solution.
An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes:
Select an option to see the answer and solution.
A lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is:
Select an option to see the answer and solution.