Quantitative Aptitude Quiz: Compound Interest
- Ajay Singh
- Oct 20, 2021
- 158 Views
It is crucial to have a good command over the Quantitative Aptitude section to score high in competitive exams and make it to the final merit list. With frequent quizzes based on different topics from the Quantitative Aptitude section, Exammr has come to your rescue in improving your mathematical skills with the passage of each day.
1) What is the compound interest on Rs. 2500 for 2 years at a rate of interest of 4% per annum?
a) Rs. 180
b) Rs. 204
c) Rs. 210
d) Rs. 220
2) What is the amount for a sum of money Rs.7500 at a 6% rate of interest C.I. for 2 years?
a) Rs. 8427
b) Rs. 8417
c) Rs. 8400
d) Rs. 8390
3) On lending a certain sum of money on C.I. one gets Rs.9050 in 2 years and Rs.9500 in 3 years. What is the rate of interest?
a) 5%
b) 4.5%
c) 5.5 %
d) 6%
4) Ramesh borrowed Rs. 3600 at a certain rate of interest C.I. and the sum grows to Rs. 4624 in 2 years. What is the rate of interest?
a) 12.3%
b) 13.3%
c) 14.3%
d) 15.3%
5) On a certain sum of money the compound interest Rs. 318 is earned in 2 years. If the rate of interest is 12%, what is the principal amount?
a) Rs. 1250
b) Rs.1300
c) Rs. 1200
d) Rs. 1150
Answers:
b) Rs. 204
a) Rs. 8427
a) 5%
b) 13.3%
a) Rs. 1250