Test: Compound Interest- 1


10 Questions MCQ Test General Aptitude for GATE 2020 | Test: Compound Interest- 1


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This mock test of Test: Compound Interest- 1 for Quant helps you for every Quant entrance exam. This contains 10 Multiple Choice Questions for Quant Test: Compound Interest- 1 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Compound Interest- 1 quiz give you a good mix of easy questions and tough questions. Quant students definitely take this Test: Compound Interest- 1 exercise for a better result in the exam. You can find other Test: Compound Interest- 1 extra questions, long questions & short questions for Quant on EduRev as well by searching above.
QUESTION: 1

Practice Quiz or MCQ (Multiple Choice Questions) with solution are available for Practice, which would help you prepare for Compound Interest under Quantitative Aptitude. You can practice these practice quizzes as per your speed and improvise the topic. The same topic is covered under various competitive examinations like - CAT, GMAT, Bank PO, SSC and other competitive examinations.

 

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QUESTION: 2

A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is: 

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QUESTION: 3

What will be the compound interest on a sum of Rs. 40,000 after 3 years at the rate of 11 p.c.p.a.? 

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QUESTION: 4
If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 60, what is the compound interest on the same at the same rate and for the same time? 
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QUESTION: 5
There is 80% increase in an amount in 8 years at simple interest. What will be the compound interest of Rs. 14,000 after 3 years at the same rate? 
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QUESTION: 6
The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum? 
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QUESTION: 7
At what rate of compound interest per annum will a sum of Rs. 1400 become Rs. 1573.04 in 2 years? 
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QUESTION: 8
The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is: 
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QUESTION: 9

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum is: 

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QUESTION: 10
The difference between simple interest and compound on Rs. 900 for one year at 10% per annum reckoned half-yearly is: 
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