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Quant Quiz on Simple & Compound Interest
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Question 1
A person invests ₹ 12,000 as fixed deposit at a bank at the rate of 10% per annum simple interest. But due to some pressing needs he has to withdraw the entire money after 3 years, for which the bank allowed him a lower rate of interest. If he gets ₹ 3,320 less than what he would have got at the end of 5 years, the rate of interest allowed by the bank is
Question 2
The simple interest accrued in 2 years on a principal of Rs 24000 is one-eighth of the principal. What is the rate of simple interest p.c.p.a ?
Question 3
A person invested some amount at the rate of 12% simple interest and the remaining at 10%. He received yearly an interest of Rs 130. Had he interchanged the amounts invested, he would have received an interest of Rs 134. How much money did he invest at different rates?
Question 4
A man saves Rs. 2000 at the end of each year and invests the money at 5% compound interest. What amount he will have in hand at the end of 3 years ?
Question 5
The compound interest on a certain sum for two successive years are Rs. 225 and Rs. 238.50. The rate of interest per annum is :
Question 6
The population of a village is 1,00,000. If the population increases at 10% per annum, then the population at the start of the third year is:
Question 7
The time in which Rs 2000 will amount to Rs 2420 at 10% per annum compound interest, is
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Nov 10SSC & Railway
