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Simple & Compound Interest Questions for CAT with Answers PDF

This EduRev document offers 10 Multiple Choice Questions (MCQs) from the topic Simple & Compound Interest (Level - 1). These questions are of Level - 1 difficulty and will assist you in the preparation of CAT & other MBA exams. You can practice/attempt these CAT Multiple Choice Questions (MCQs) and check the explanations for a better understanding of the topic. 

Question for Practice Questions Level 1: Simple & Compound Interest - 1
Try yourself:Mr. Bajaj borrowed Rs. 25,000 from bank at the rate of 12% simple interest. He gave Rs. 10,000 to Ambani at 10% simple interest and Rs. 15,000 to Mittal at 15% simple interest. After 1 year, how much profit (in Rs.) will Bajaj get?
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Question for Practice Questions Level 1: Simple & Compound Interest - 1
Try yourself:Find the rate percent of the simple interest per annum if the sum borrowed becomes double in 5 years.
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Question for Practice Questions Level 1: Simple & Compound Interest - 1
Try yourself:A man invests Rs. 10,000 for a year, out of which Rs. 4000 are invested at the rate of 5%, Rs. 3500 at the rate of 4% and the remaining at the rate of x%. If at the end of the year, he gets Rs. 500 as interest, then find the value of x.
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Question for Practice Questions Level 1: Simple & Compound Interest - 1
Try yourself:A sum of Rs. 4000 was lent partly at 6% and partly at 8% simple interest. If the interest received after one year is Rs. 272, find the ratio in which the money was lent, respectively.
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Question for Practice Questions Level 1: Simple & Compound Interest - 1
Try yourself:If the difference between compound interest and simple interest on a certain amount for two years is Rs. 7.35 and the rate of interest is 7%, then find the principal.
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Question for Practice Questions Level 1: Simple & Compound Interest - 1
Try yourself:In order to buy a car, a man borrowed Rs. 1,80,000 on the condition that he pay 7.5% interest every year. He would also pay the principal in equal annual installments spread over 21 years. After a certain number of years, the rate of interest reduced to 7%. It is also known that by the end of the agreed period, he will have paid in all Rs. 2,70,900 as interest. For how many years did he pay at the lesser interest rate?
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Question for Practice Questions Level 1: Simple & Compound Interest - 1
Try yourself:Interest obtained on a sum of ₹ 5000 for 3 years is ₹ 1500. Find the rate percent.
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Question for Practice Questions Level 1: Simple & Compound Interest - 1
Try yourself:₹ 1694 is repaid after two years at compound interest. Which of the following is the value of the principal and the rate?
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Question for Practice Questions Level 1: Simple & Compound Interest - 1
Try yourself:Find the rate of interest if the amount after 2 years of simple interest on a capital of ₹ 1200 is ₹ 1440.
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Question for Practice Questions Level 1: Simple & Compound Interest - 1
Try yourself:What is the difference between the simple interest on a principal of ₹ 500 being calculated at 5% per annum for 3 years and 4% per annum for 4 years?
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