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AFCAT || Numerical_Ability || Simple_Interest || Quiz

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Question 1

A sum was put at simple interest at a certain rate for 4 years. Had it been put at 4% higher rate, it would have fetched Rs.380 more. Find the sum?

Question 2

A person borrows Rs.2500 for 2 years at 3% per annum simple interest. He immediately lends it to the another person at 7 ½% for 2 years. Find his gain in the transaction per year.

Question 3

If Rs. 2000 becomes Rs. 2,280 in 2 years when placed at simple interest, how much will Rs. 9000 become in 4 years at the same rate of simple interest per annum?

Question 4

Sameer has taken a loan Rs. 20000 at 10% annual compound interest for 2 years. He repays Rs.10000 at the end of the first year. What amount must he repay at the end of the second year?

Question 5

The difference between compound interest and simple interest in a certain amount at 20% per annum for 2 years is 100. What is the Principle amount?
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Nov 17CDS & Defence