Test Level 2: Simple & Compound Interest - 2 (August 26) - CAT MCQ

Sachin borrowed Rs. 28,000 from Yuvraj at 12% simple interest. After 1 year, he paid the interest and Rs. 10,000 extra. After 6 months more, if Sachin wants to clear the debt, then how much money does he have to pay Yuvraj?

Ritesh deposited Rs. 8000 in State Bank of India. He had to pay 10% of the interest of the first year as his college fees, after which Rs. 900 of the interest amount was left. Find the rate percentage at which the interest was paid.

X invested a sum at compound interest payable half-yearly. If the compound interest in November 2003 was Rs. 225 and in May 2004, it was Rs. 236.25, find the annual rate of interest.

Divide Rs. 6000 into two parts so that the simple interest on the first part for 2 years at 6% p.a. may be equal to the simple interest on the second part for 3 years at 8% p.a. (in Rs.).

Amit invested two equal sums of Rs. 5,000 for 2 years at 10% C.I, one at C.I. payable yearly and the other at C.I. payable half yearly. Find the approximate difference in amounts that he will get at the end of 2 years.

Dhiraj invests a part of Rs. 8000 at 4% p.a. and the remainder at 5% per year. His annual income from the investments is Rs. 350. What amounts of money (in rupees) has he invested at each rate, respectively?

A sum was put on simple interest at a certain rate for 4 years. Had it been put at a 5% higher rate, it would have fetched Rs. 200 more. Find the sum.