AP ICET| Arithmetic ability| Simple and Compound interest

 Simple and Compound interest


Ques 1.

Mr. Hamilton invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B? 

a) Rs. 6400

b) Rs. 6500

c) Rs. 7200
d) Rs. 7500 

e) None of these

 

Ques 2.

How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?

a) 3.5 years
b) 4 years
c) 4.5 years
d) 5 years
e) None of these


Ques 3.


A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest?

a) 3% 

b) 4% 

c) 5%
d) 6% 

e) None of these

Ques 4.

An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes:

a) 10% 

b) 10.25% 

c) 10.5%
d) Data inadequate 

e) None of these

 

Ques 5.

Aastha lent Rs. 5000 to Bahubali for 2 years and Rs. 3000 to Chinky for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is:

a) 5% 

b) 7% 

c) 7 1/8%
d) 10% 

e) None of these

 

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