Interest Practice Questions & Answers
A sum of money is doubled in 8 years. Find the rate of simple-interest.
A sum of money is doubled in 8 years. Find the rate of simple-interest.
1).
\(12\frac{1}{2}\)
2).
\(13\frac{1}{2}\)
3).
14.5
4).
15
Refer the below data table and answer the following Question. Marks Number of students 40 and above 26 30 and above 42 20 and above 55 10 and above 77 0 and above 107 How many students have scored marks 20 or more but less than 40?
Refer the below data table and answer the following Question.
|
Marks |
Number of students |
|
40 and above |
26 |
|
30 and above |
42 |
|
20 and above |
55 |
|
10 and above |
77 |
|
0 and above |
107 |
How many students have scored marks 20 or more but less than 40?
1). 55
2). 29
3). 42
4). 97
An amount of Rs. 45,000 becomes Rs. 75,375 on simple interest in 9 years. What is the rate of interest p.c.p.a?
An amount of Rs. 45,000 becomes Rs. 75,375 on simple interest in 9 years. What is the rate of interest p.c.p.a?
1). 7
2). 7.5
3). 8
4). 10.5
If a certain sum of money is compounded annually at the rate of 15% per annum, find the ratio of amount due in 7th year to the 8th year.
If a certain sum of money is compounded annually at the rate of 15% per annum, find the ratio of amount due in 7th year to the 8th year.
1). 17 : 19
2). 20 : 23
3). 20 : 21
4). 23 : 27
A bank offers 5% compound interest per half year. A customer deposits Rs. 4800 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?
A bank offers 5% compound interest per half year. A customer deposits Rs. 4800 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?
1). Rs. 363
2). Rs. 1464
3). Rs. 366
4). Rs. 183