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Q:

The difference between simple interest on a certain sum at the rate of 6% per annum for 5 years and 6 years is 25.8. What is the sum (in Rs)?

 

A) 480 B)  430
C) 258 D) 516
 
Answer & Explanation Answer: B)  430

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Filed Under: Simple Interest
Exam Prep: Bank Exams

Q:

R borrowed Rs. 1,200 at 13% per annum simple interest. What amount will R pay to clear the debt after 5 years?

A) Rs.1,860 B) Rs.1,800
C) Rs.1,980 D) Rs.2,000
 
Answer & Explanation Answer: C) Rs.1,980

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Filed Under: Simple Interest
Exam Prep: AIEEE , Bank Exams

Q:

If Rs. 2,000 is invested at the rate of 20% per annum, compounded half-yearly, then the amount after 18 months will be:

A) Rs.2628 B) Rs.2662
C) Rs.2600 D) Rs.3200
 
Answer & Explanation Answer: D) Rs.3200

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Filed Under: Compound Interest
Exam Prep: Bank Exams

Q:

A sum of Rs 800 becomes Rs 1000 in 2 years at simple interest. What is the per annum rate of interest (in percent)?

 

A) 12.5   B)  25  
C)  8.5   D)  17
 
Answer & Explanation Answer: A) 12.5  

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Filed Under: Simple Interest
Exam Prep: Bank Exams

Q:

Calculate the principal if an amount of Rs. 441 is received on compound interest at the rate of 5% per annum after 2 years.

 

A) Rs.400 B) Rs.390
C) Rs.380 D) Rs.350
 
Answer & Explanation Answer: A) Rs.400

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Filed Under: Compound Interest
Exam Prep: Bank Exams

Q:

Rs. x invested at 8% simple interest per annum for 5 years yields the same interest as that on Rs. y invested at 7.5% simple interest per annum for 6years. Find x : y.

A) 40:45 B) 5:6
C) 16:15 D) 9:8
 
Answer & Explanation Answer: D) 9:8

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Filed Under: Simple Interest
Exam Prep: Bank Exams

Q:

Some part of Rs 17500 was lent at the rate of 24% per annum simple interest and the remaining part at the rate of 10% per annum simple interest. The total interest received after 5 years is Rs 13300. What is the ratio of money lent at the rate of 24% and 10%?

 

A) 12 : 13 B) 3 : 4
C) 3 : 2 D) 13 : 22
 
Answer & Explanation Answer: D) 13 : 22

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Filed Under: Simple Interest
Exam Prep: Bank Exams

Q:

The simple interest on a sum is 5/9 of the principal for 25 years. What is the rate (in percentage) of interest per annum?

 

A) 25/9   B) 9/2  
C) 20/9   D) 15/4
 
Answer & Explanation Answer: C) 20/9  

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Filed Under: Simple Interest
Exam Prep: Bank Exams