Aptitude Compound Interest Online Test, Free Aptitude Quiz
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Aptitude Compound Interest Online Test, Free Aptitude Quiz, Online Aptitude Compound Interest Test. Aptitude Compound Interest Question and Answers 2024. Aptitude Compound Interest Quiz. Aptitude Compound Interest Free Mock Test 2024. Aptitude Compound Interest Question and Answers in PDF. The Aptitude Compound Interest online mock test paper is free for all students.The below Aptitude questions and answers can improve your skills in order to face the Interview, Competitive examination, Govt Exams and various entrance test with full confidence. Aptitude online test is very useful for exam preparation and getting for Rank. Aptitude Compound Interest Question and Answers in Hindi and English. Aptitude Compound Interest Mock test for topic via Online Mode. Here we are providing Aptitude Compound Interest Mock Test in Hindi. Now Test your self for “Aptitude Compound Interest Online Test in Hindi” Exam by using below quiz…
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Question 1 of 20
1. Question
A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1stJanuary and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:
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Question 2 of 20
2. Question
The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:
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Question 3 of 20
3. Question
There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?
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Question 4 of 20
4. Question
What is the difference between the compound interests on Rs. 5000 for 1.5 years at 4% per annum compounded yearly and half-yearly?
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Incorrect
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Question 5 of 20
5. Question
The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:
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Question 6 of 20
6. Question
What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?
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Question 7 of 20
7. Question
At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?
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Question 8 of 20
8. Question
The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:
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Question 9 of 20
9. Question
Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit?
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Question 10 of 20
10. Question
The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:
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Incorrect
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Question 11 of 20
11. Question
Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:
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Question 12 of 20
12. Question
If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?
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Question 13 of 20
13. Question
The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:
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Question 14 of 20
14. Question
The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?
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Question 15 of 20
15. Question
The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is:
Correct
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Question 16 of 20
16. Question
Each of the questions given below consists of a question followed by three statements. You have to study the question and the statements and decide which of the statement(s) is/are necessary to answer the question.
What is the rate of interest p.c.p.a.?
I. An amount doubles itself in 5 years on simple interest.
II. Difference between the compound interest and the simple interest earned on a certain amount in 2 years is Rs. 400.
III. Simple interest earned per annum is Rs. 2000.Correct
Incorrect
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Question 17 of 20
17. Question
Each of the questions given below consists of a question followed by three statements. You have to study the question and the statements and decide which of the statement(s) is/are necessary to answer the question.
What will be the compound interest earned on an amount of Rs. 5000 in 2 years?
I. The simple interest on the same amount at the same rate of interest in 5 years is Rs. 2000.
II. The compound interest and the simple interest earned in one year is the same.
III. The amount becomed more than double on compound interest in 10 years.Correct
P = Rs. 5000 & T = 2 years.
I. S.I. on Rs. 5000 in 5 years is Rs. 2000.
5000 × R × 5/100 = 2000 ⇒ R = 8.
Thus I only gives the answer.
∴ Correct answer is (A).Incorrect
P = Rs. 5000 & T = 2 years.
I. S.I. on Rs. 5000 in 5 years is Rs. 2000.
5000 × R × 5/100 = 2000 ⇒ R = 8.
Thus I only gives the answer.
∴ Correct answer is (A). -
Question 18 of 20
18. Question
In each of the following questions, a question is asked and is followed by three statements. While answering the question, you may or may not require the data provided in all the statements. You have to read the question and the three statements and then decide whether the question can be answered with any one or two of the statements or all the three statements are required to answer the question. The answer number bearing the statements, which can be dispensed with, if any, while answering the question is your answer.
Mr. Gupta borrowed a sum of money on compound interest. What will be the amount to be repaid if he is repaying the entire amount at the end of 2 years?
I. The rate of interest is 5 p.c.p.a.
II. Simple interest fetched on the same amount in one year is Rs. 600.
III. The amount borrowed is 10 times the simple interest in 2 years.Correct
I. gives, Rate = 5% p.a.
II. gives, S.I. for 1 year = Rs. 600.
III. gives, sum = 10 x (S.I. for 2 years).
Now I, and II give the sum.
For this sum, C.I. and hence amount can be obtained.
Thus, III is redundant.
Again, II gives S.I. for 2 years = Rs. (600 × 2) = Rs. 1200.
Now, from III, Sum = Rs. (10 × 1200) = Rs . 12000.
Thus, Rate = 100 × 1200/2 × 12000 = 5% p.a.
Thus, C.I. for 2 years and therefore, amount can be obtained.
Thus, I is redundant.
Hence, I or III redundant.Incorrect
I. gives, Rate = 5% p.a.
II. gives, S.I. for 1 year = Rs. 600.
III. gives, sum = 10 x (S.I. for 2 years).
Now I, and II give the sum.
For this sum, C.I. and hence amount can be obtained.
Thus, III is redundant.
Again, II gives S.I. for 2 years = Rs. (600 × 2) = Rs. 1200.
Now, from III, Sum = Rs. (10 × 1200) = Rs . 12000.
Thus, Rate = 100 × 1200/2 × 12000 = 5% p.a.
Thus, C.I. for 2 years and therefore, amount can be obtained.
Thus, I is redundant.
Hence, I or III redundant. -
Question 19 of 20
19. Question
In each of the following questions, a question is asked and is followed by three statements. While answering the question, you may or may not require the data provided in all the statements. You have to read the question and the three statements and then decide whether the question can be answered with any one or two of the statements or all the three statements are required to answer the question. The answer number bearing the statements, which can be dispensed with, if any, while answering the question is your answer.
What is the compound interest earned at the end of 3 years?
I. Simple interest earned on that amount at the same rate and for the same period is Rs. 4500.
II. The rate of interest is 10 p.c.p.a.
III. Compound interest for 3 years is more than the simple interest for that period by Rs. 465.Correct
I. gives, S.I for 3 years = Rs. 4500.
II. gives, Rate = 10% p.a.
III. gives, (C.I.) – (S.I.) = Rs. 465.
Clearly, using I and III we get C.I. = Rs. (465 + 4500).
Thus, II is redundant.
Also, from I and II, we get sum = (100 × 4500/10 × 3) = 15000.
Now C.I. on Rs. 15000 at 10% p.a. for 3 years may be obtained.
Thus, III is redundant.
∴ Either II or III is redundant.Incorrect
I. gives, S.I for 3 years = Rs. 4500.
II. gives, Rate = 10% p.a.
III. gives, (C.I.) – (S.I.) = Rs. 465.
Clearly, using I and III we get C.I. = Rs. (465 + 4500).
Thus, II is redundant.
Also, from I and II, we get sum = (100 × 4500/10 × 3) = 15000.
Now C.I. on Rs. 15000 at 10% p.a. for 3 years may be obtained.
Thus, III is redundant.
∴ Either II or III is redundant. -
Question 20 of 20
20. Question
Each of the questions given below consists of a statement and / or a question and two statements numbered I and II given below it. You have to decide whether the data provided in the statement(s) is / are sufficient to answer the given question. Read the both statements and
- Give answer (A) if the data in Statement I alone are sufficient to answer the question, while the data in Statement II alone are not sufficient to answer the question.
- Give answer (B) if the data in Statement II alone are sufficient to answer the question, while the data in Statement I alone are not sufficient to answer the question.
- Give answer (C) if the data either in Statement I or in Statement II alone are sufficient to answer the question.
- Give answer (D) if the data even in both Statements I and II together are not sufficient to answer the question.
- Give answer(E) if the data in both Statements I and II together are necessary to answer the question.
What is the rate of compound interest?
I. The principal was invested for 4 years.
II. The earned interest was Rs. 1491.Correct
Incorrect
