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Thread: Aptitude contest - 20 with answers

  1. #1
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    1.
    The difference between compound interest and simple interest on an
    amount Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest
    per annum?

    (a) 8
    (b) 10
    (c) 12
    (el) Cannot be determined
    (e) None of these
    2. The difference between simple and compound interests compounded annually on certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is

    (a) 625
    (b) 630
    (c) 640
    (d) 650

    3.
    The compound interest on a sum of money for 2 years is Rs. 832 and the
    simple interest on the same sum for the same period is Rs. 800. The
    difference between the compound interest and the simple interest for 3 years
    will be :

    (a) Rs. 48
    (b) Rs. 66.56
    (c) Rs. 98.56
    (d) None of these
    4.
    The difference between the simple interest on a certain sum at the rate
    of 10% pe!annum for 2 years and compound tnterest which is compounded
    every
    6 months is Rs, 124.05. What is the principal sum ?

    (a) Rs. 6000
    (b) Rs. 8000
    (c) Rs. 10,000
    (d) Rs. 12,000
    (e) None of these

    5. The difference
    between compound interest and simple interest on a sum for 2 yeaJ': at
    10% per annum, when the interest is compounded annually is Rs. 16. If
    the interes: were compounded half-yearly, the difference in two
    interests would be :



    (a) Rs. 24.81


    (b) Rs. 26.90
    (c) Rs. 31.61
    (d) Rs. 32.40


    Answers





    1. a
    2. a
    3. c
    4. b
    5. a




    Edited by: HELP
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  2. #2
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    1. The difference between
    compound interest and simple interest on an amount Rs. 15,000 for 2 years is
    Rs. 96. What is the rate of interest per annum?










    (a) 8




    (b) 10




    (c) 12




    (el) Cannot be determined


    (e) None of
    these


    All the Best Guys!

  3. #3
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    2. The difference between simple and compound
    interests compounded annually
    on
    certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is












    (a) 625




    (b) 630




    (c) 640


    (d) 650
    All the Best Guys!

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