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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:

M borrowed some money for 1 year at certain simple interest. But the interest rate was increased to 2% which amounted to Rs.120. Find the principal amount.

A) Rs.4000 B) Rs.5000
C) Rs.6000 D) Rs.7000
 
Answer & Explanation Answer: C) Rs.6000

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

Q:

Ms. Sushmitha borrowed Rs. 900 at 6% per annum simple interest. What amount will she pay to clear her debt after 4 years?

A) 261 B) 1161
C) 1116 D) 216
 
Answer & Explanation Answer: C) 1116

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Filed Under: Simple Interest
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Q:

A sum of Rs 8000 is borrowed at compound interest at the rate of 7% per annum. What will be the amount (in Rs) after 2 years?

 

A) 1154.4   B) 13600  
C) 9159.2   D) 9428.6
 
Answer & Explanation Answer: C) 9159.2  

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Filed Under: Compound Interest
Exam Prep: Bank Exams

Q:

Ms. Alina borrowed Rs.650 at 6% per annum simple interest. What amount will she pay to clear her debt after 4 years?

A) Rs. 165 B) Rs. 860
C) Rs. 806 D) Rs. 156
 
Answer & Explanation Answer: C) Rs. 806

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Q:

Mr. Devesh borrowed Rs.4,500 at 4% per annum compound interest. The compound interest compounded annually for 2years is

A) Rs. 367.2 B) Rs. 4867.2
C) Rs. 4876.2 D) Rs.376.2
 
Answer & Explanation Answer: A) Rs. 367.2

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Filed Under: Compound Interest
Exam Prep: Bank Exams

Q:

Mr. Ibrahim borrowed Rs. 7500 at 5% per annum compound interest. The compound interest compounded annually for 2 years is

A) 768.75 B) 8268.75
C) 8286.75 D) 786.75
 
Answer & Explanation Answer: B) 8268.75

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Filed Under: Compound Interest
Exam Prep: Bank Exams

Q:

Ms. Kavitha borrowed Rs. 950 at 6% per annum simple interest. What amount will she pay to clear her debt after 4 years?

A) 282 B) 1187
C) 1178 D) 228
 
Answer & Explanation Answer: C) 1178

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Filed Under: Simple Interest
Exam Prep: Bank Exams