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AFCAT Exam Daily Exam - 9

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Question 1

Srinivasan invests two equal amounts in two banks giving 8% and 12% rate of interest respectively. At the end of year the interest earned is Rs. 1500. Find the sum invested in each.

Question 2

The simple interest accrued on a sum of money at the end of four years is 1/5^th of its principal. What is the rate of interest per annum?

Question 3

A man’s average monthly expenditure for the first four months of the year was Rs. 231.25. For the next five months, the average monthly expenditure was Rs. 22.75 more than what it was during the first four months. If the person spent Rs. 605 in all during the remaining three months of the year, find what percentage of his annual income of Rs. 3500 did he save in the year?