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Quantitative Aptitude Practice #8
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Question 1
Sana invested Rs. 38,700 in an account that paid 6.2% annual interest, compounding monthly. She left the money in this account, collecting interest for three full years. Approximately, how much interest did she earn in the last month of this period?
Question 2
What sum would amount to Rs 26,620 in 3 years at 10% per annum rate of compound interest?
Question 3
A certain sum amounts to Rs 12,155 in 4 years and to Rs 12,763 in 5 years, interest being compounded annually. Find the principal and rate of interest which are whole numbers respectively.
Question 4
If Rs 6,000 has been lent at 10% pa the interest being compounded annually, what is the interest for the 4th year?
Question 5
Find the interest under simple interest for a principal of Rs 12,00 at an interest rate of 5% per annum for a period of 4 years.
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Jul 11CAT & MBA
