Quantitative Aptitude: Simple/Compound Interest Set 14

Find the difference between the interests earned on Rs. 15000 after two years in two different schemes one offering 12% simple interest and other offering 12% compound interest compounded annually. Rs.180 Rs.198 Rs.222 Rs.200 Rs.216 Option E S.I. = 15000*0.12*2 = Rs.3600 C.I. = 15000*{(1+0.12)^2 – 1} = Rs.3816 Required Difference = Rs.216   Abhi invested a certain amount of…

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Quantitative Aptitude: Simple/Compound Interest Set 12

There is 50% increase in an amount in 5 years at simple interest. What will be the compound interest of Rs. 10,000 after 2 years at the same rate? Rs2450 Rs2100 Rs1855 Rs2200 None Option B Solution: Let principal be Rs100. rate r. 50% increase in amount says SI=50. (100*5*r /100) =50 r=10%. CA=P[(1+r/100)2] =10,000*[(1+10/100) 2] =10,000*11/10*11/10 =12100. CI=Rs2100. A…

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Quantitative Aptitude: Simple/Compound Interest Set 11

A Man invested an amount for 2 years at 6 percent per annum at simple interest. Had the interest been compounded anually, he would have earned Rs. 108 more as interest. What was the amount invested? Rs28,000 Rs33,000 Rs24,000 Rs30,000 None Option D Solution: For 2 years CI-SI=PR2/1002 108=(P*6*6)/100*100 P=Rs30,000. What is the simple interest on a sum of Rs.…

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Quantitative Aptitude: Simple/Compound Interest Set 07

Simple Interest/Compound Interest Questions for IBPS PO, SBI PO, NIACL, NICL, LIC, Dena Bank PO PGDBF, BOI, Bank of Baroda and other competitive exams Mosses invested Rs. 20,000 in a scheme at simple interest @ 15% per annum. After three years he withdrew the principal amount plus interest and invested the entire amount in another scheme for two years, which…

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