ELECTRONICS AND COMMUNICATION ENGINEERING QUANTITATIVE APTITUDE TEST 4 Simple Interest & Compound Interest

MARKS : 25 Date : 26.08.2009 Duration : 45mins

1. The simple interest (in Rs.) on Rs.1820 from May 9, 2009 to July 21,2009 at 7.5% rate will be: a) 22.5 b) 27.3 c) 25.5 d) 29

2. If the simple interest on a sum of money at 5% per annum for 3yrs is Rs.1200, the compound interest (in Rs.) on the same sum for the same period at the same rate is, a) 1259 b) 1260 c) 1261 d) 1262 3. Decide which of the statement(s) is/are necessary to answer the question: A sum of money is put at compound interest. What is the rate of interest? I) The sum amounts to Rs.5290 in 2yrs. II) The sum amounts to Rs.6083.5 in 3yrs. III) The sum is Rs.4000 a) I and II only b) II and III only c) I and III only d) Any two of the three

4. What should be the least number of years in which the simple interest on Rs.2600 at 6.667 % will be an exact number of rupees? a) 1 b) 2 c) 3 d) 4

5. Which of the following scheme of computing compound interest yields the maximum interest for a year? a) Interest compounded monthly at 2% per month. b) Interest compounded per quarter 6% per quarter. c) Interest compounded every 6 months at 12% for every 6 months. d) Interest compounded every year at 24% per annum.

6. A sum of Rs. 1600 gives a simple interest of Rs. 252 in 2yrs and 4months. The rate of interest p.a. is a)6 b)6.25 c) 6.5 d) 6.75

7. A sum of money doubles itself at compound interest in 15 yrs. In how many years will it become eight times? a) 30 b) 35 c) 40 d) 45

8. Sampath deposits a sum in a bank at r% compound interest. The amount becomes 9P after 2yrs by compounding annually. Instead, if the bank had compounded half yearly, what is the additional amount Sampath would have received in terms of P? a) 53P b) 55P c) 27P d) 37P

9. A sum of money is borrowed and paid back in two installments of Rs. 882 each allowing 5% compound interest. The sum borrowed (in Rs.) was: a) 1620 b) 1640 c) 1660 d) 1680

10. If a sum of Rs.12000 is lent at 5% p.a. compound interest, what is the interest (in Rs.) for the third year? a) 441 b) 661.50 c) 531.20 d) 500

11. A sum of money lent at compound interest for 2years at 20% per annum would fetch Rs. 482 more, if the interest was payable half-yearly than if it was payable annually. The sum (in Rs.) is: a) 10,000 b) 20,000 c) 40,000 d) 50,000

12. A person invested in all Rs. 2600 at 4%, 6% and 8% p.a. simple interest. At the end of the year, he got the same interest in all the three cases. The money invested (in Rs.) at 4% is: a) 200 b) 600 c) 800 d) 1200

13. A person borrows Rs. 5000 for 2yrs at 4% p.a. interest. He immediately lends it to another person at 6.25 % p.a. for 2yrs. Find his gain (in Rs.) in the transaction per year. a) 225 b) 112.5 c) 125 d) 125.5

14. What is the present worth (in Rs) of Rs.132 due in 2yrs at 5% simple interest p.a.? a)112 b) 118.8 c) 120 d)122

15. The difference between the compound interest of 12% p.a. and simple interest of 11% p.a., on a certain

sum for 2 years is Rs.2,064 . Find the sum. a)40,000 b)80,000 c)60,000

d)50,000

16. Sampath borrowed a certain sum at 7% p.a. simple interest and repaid Rs. 17,545 after 3yrs to clear the loan. What was the sum borrowed? a)14,500 b)16.397 c)15.324 d)15.000

17. A borrowed some money from B at 12% p.a S.I. for 3 yrs. He then added some more money to the borrowed sum and lent it to C for the same period at 14% p.a. rate of interest. If A gains Rs. 93.90 in the whole transaction, how much money did he add from his side? a)35 b) 55 c) 80 d) 105

18. A principal of Rs. 9600 earns a simple interest at the rate of 9% p.a. What is the total amount after 11yrs? a) 19,008 b) 9,504 c) 9,600 d) 19,104

19. What is the present worth (in Rs.) of Rs.12950.29 due in 3yrs at 9% compound interest? a) 15000 b) 10900 c) 10000 d) 11881

20. The difference between the simple interest received from 2 different sources on Rs.1500 for 3yrs is Rs.13.50. The difference between their rates of interest is: a) 0.1% b) 0.2% c) 0.3% d) None of these

21. A man borrows Rs.2550 to be paid back with compound interest at the rate of 4% p.a. by the end of 2yrs in two equal yearly installments. How much will each installment be(in Rs.)? a)1275 b) 1283 c) 1352 d) 1377

22. Divide Rs. 1301 between A and B, so that the amount of A after 7yrs is equal to the amount of B after 9yrs, the interest being compounded at 4% p.a. The larger part is a) 676 b) 674 c) 675 d) 625 23. The difference between compound interest and simple interest on a certain sum at 10% p.a. for 2yrs is Rs. 631. Find the sum. a) 63,100 b) 53,100 c) 53,900 d) 63,900

24. Rs.10,000 was lent at compound interest, interest being compounded annually for 3yrs. The rates of interest for the 1st, 2nd and 3rd years were 10%, 20% and 30% resp. If it was instead, lent at 20% p.a. S. I. how much more/less interest would have been realized? a) 530 more b) 530 less c) 1160 more d) 1160 less

25. At what rate of simple interest will a sum of money double itself in 12yrs? a) 8.25% b)8.33% c)8.5% d)9.5%

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APTITUDE TEST - 2 TOPPERS: TOPPER:

S.Dinesh Babu - 24 T.Karthikeyan - 24 S.Saravanan - 24

APTITUDE TEST - 3
S.Shilpa - 21

APTITUDE TEST - 4 TOPPERS:

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