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Quantitative Aptitude Practice Arithmetic Aptitude Study Material

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Simple Compound Interest & Installments

Find the simple interest on the sum of Rs 20000 for 3 years at the rate of 10% per year.

a) Rs 6000
b) Rs 4000
c) Rs 8000
d) Rs 2000

✔Answer

Correct Answer Is : Rs 6000

Solution Is :

Find the simple interest on the sum of Rs 16000 from 5 January years at the rate of 10% per year.

a) Rs 800
b) Rs 650
c) Rs 400
d) Rs 425

✔Answer

Correct Answer Is : Rs 400

Solution Is :

At what rate per annum the simple interest on a sum of money will be 9/16% of principle in 5 years?

a) 101/4%
b) 11 x 1/2%
c) 10 x 1/2%
d) 11 x 1/4%

✔Answer

Correct Answer Is : 11 x 1/4%

Solution Is :

A sum of Rs 1000 amounts to invested to give Rs 2160 on simple interest. If the numerical value of time in years is square of that rate of interest per annum,Find the value of time.

a) 48 years
b) 24 years
c) 30 years
d) 36 years

✔Answer

Correct Answer Is : 36 years

Solution Is :

A person invests Rs1000 at an annual rate of interest of 13% compounded annually. What is the amount he will get after 2 Years.

a) 1276.9
b) 1265.8
c) 1376.1
d) 1200

✔Answer

Correct Answer Is : 1276.9

Solution Is :

A person invests Rs1000 at an annual rate of interest of 13% compounded annually. What is the amount he will get after 4 Years.

a) 1699.3
b) 1630.4
c) 1348.2
d) 1877.2

✔Answer

Correct Answer Is : 1630.4

Solution Is :

Find the compound Interest on Rs 2000 at 8% per annum for 2 years, compounded semi-annually.

a) 339.72(approx)
b) 378.72(approx)
c) 739.02(approx)
d) 567.82(approx)

✔Answer

Correct Answer Is : 339.72(approx)

Solution Is :

Find the amount after 9 months on Rs 10000 at an annual rate 10%,compounded quarterly.

a) 10769(approx)
b) 13469.33(approx)
c) 1086.22(approx)
d) 98111.33(approx)

✔Answer

Correct Answer Is : 10769(approx)

Solution Is :

At what rate of interest per annum will a sum of Rs 8000 become Rs 8820 in 2 years?

a) 8%
b) 5%
c) 6%
d) 4%

✔Answer

Correct Answer Is : 5%

Solution Is :

Vickey deposited Rs 9000 at compound interest for 3 years at the rate of 5% per annum .How much amount will he get after 3 years?

a) Rs 10418.625
b) Rs 10528.625
c) 10218.625
d) 10818.625

✔Answer

Correct Answer Is : Rs 10418.625

Solution Is :

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Quantitative Aptitude Practice Arithmetic Aptitude Study Material

Simple Compound Interest & Installments

Find the simple interest on the sum of Rs 20000 for 3 years at the rate of 10% per year.

Correct Answer Is : Rs 6000

Solution Is :

Find the simple interest on the sum of Rs 16000 from 5 January years at the rate of 10% per year.

Correct Answer Is : Rs 400

Solution Is :

At what rate per annum the simple interest on a sum of money will be 9/16% of principle in 5 years?

Correct Answer Is : 11 x 1/4%

Solution Is :

A sum of Rs 1000 amounts to invested to give Rs 2160 on simple interest. If the numerical value of time in years is square of that rate of interest per annum,Find the value of time.

Correct Answer Is : 36 years

Solution Is :

A person invests Rs1000 at an annual rate of interest of 13% compounded annually. What is the amount he will get after 2 Years.

Correct Answer Is : 1276.9

Solution Is :

A person invests Rs1000 at an annual rate of interest of 13% compounded annually. What is the amount he will get after 4 Years.

Correct Answer Is : 1630.4

Solution Is :

Find the compound Interest on Rs 2000 at 8% per annum for 2 years, compounded semi-annually.

Correct Answer Is : 339.72(approx)

Solution Is :

Find the amount after 9 months on Rs 10000 at an annual rate 10%,compounded quarterly.

Correct Answer Is : 10769(approx)

Solution Is :

At what rate of interest per annum will a sum of Rs 8000 become Rs 8820 in 2 years?

Correct Answer Is : 5%

Solution Is :

Vickey deposited Rs 9000 at compound interest for 3 years at the rate of 5% per annum .How much amount will he get after 3 years?

Correct Answer Is : Rs 10418.625

Solution Is :

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