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Simple and Compound Interest II Quantitative Aptitude II MH-CET 2021 II 14 July
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Question 1
A sum of money at simple interest amount to Rs. 300 in 4 years and Rs. 325 in 6 years. Find the rate of interest per annum.
Question 2
Raj borrowed total Rs. 3,500 from two money lenders at simple interest. For one loan, he paid 5% p.a. and for the other, he paid 10% p.a. The total interest paid for two years was Rs.500. How much did he borrow at 10% rate?
Question 3
If a sum of money is earning simple interest at same rate, what will be the ratio of interest earned in 3 years and 7 years respectively?
Question 4
If a person repaid Rs. 11250 after 5 years of borrowing a loan, find out the amount which he took as loan at 10% simple interest.
Question 5
A man invested Rs. 19200 in two equal parts on SI for N years and (N + 2) years at the rates of 25% p.a and 20% p.a respectively. If the man got a total interest of Rs. 10320, then find the value of N.
Question 6
Simple interest on a principal of 2 years is Rs 900 and compound interest on same principal for same time period and rate of interest is Rs 945. Find the principal.
Question 7
The difference between the simple and the compound interest earned on a sum of money at the rate of 5% per annum for 2 years is Rs. 42. Find the principal.
Question 8
Pawan invested Rs. 4800 on compound interest for two years at the rate of R% per annum and gets amount of Rs. 6912. If he invested the same sum on simple interest for 3 years at the rate of (R − 12)% then find the interest Pawan will get at the end of three years.
Question 9
Rs. 3903 is to be divided in a way that A’s share at the end of 7 years is equal to the B’s share at the end of 9 years. If the rate of interest is 4% compounded annually, find A’s share.
Question 10
If the amount obtained after 4 years is equal to 16 times the amount deposited in the bank at R% compound interest, compounded annually, then find the value of R.
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