Aptitude Preparation: Mock Test, IT Campus Placement, Aptitude Questions and Answers

Subject: Compound Interest 3

**Part 3: List for questions and answers of Compound Interest**

**Q1. Find the amount on Rs.8000 in 9 months at 20% per annum, if the interest being compounded quarterly?**

a) Rs.1261

b) Rs.9261

c) Rs.9621

d) Rs.9162

**Q2. Every year an amount increases by 1/8th of itself. How much will it be after two years if its present value is Rs.64000?**

a) Rs.81000

b) Rs.80000

c) Rs.75000

d) Rs.64000

**Q3. Rajan borrowed Rs.4000 at 5% p.a compound interest. After 2 years, he repaid Rs.2210 and after 2 more year, the balance with interest. What was the total amount that he paid as interest?**

a) Rs.635.50

b) Rs.613.50

c) Rs.675.50

d) Rs.653.50

**Q4. Indu gave Bindu Rs.1250 on compound interest for 2 years at 4% per annum. How much loss would Indu has suffered had she given it to Bindu for 2 years at 4% per annum simple interest?**

a) Rs.10

b) Rs.2

c) Rs.5

d) Rs.3

**Q5. In one year, the population, of a village increased by 10% and in the next year, it decreased by 10%. If at the end of 2nd year, the population was 7920, what was it in the beginning?**

a) 8500

b) 8000

c) 8100

d) 8400

**Q6. How much more would Rs.20000 fetch, after two years, if it is put at 20% p.a. compound interest payable half yearly than if is put at 20% p.a. compound interest payable yearly?**

a) Rs.482

b) Rs.424

c) Rs.842

d) Rs.512

**Q7. A money lender lends Rs.2000 for six months at 20% p.a. rate. It the interest is reckoned quarterly than find the amount given after time limit.**

a) Rs.2205

b) Rs.2200

c) Rs.2160

d) Rs.2040

**Q8. A sum amount to Rs.1344 in two years at simple interest. What will be the compound interest on the same sum at the same rate of interest for the same period?**

a) Rs.150

b) Rs.140

c) Rs.130

d) Data insufficient for the answer

**Q9. The population of a city increases at the rate of 4% p.a. but there is an additional annual increase of 1% in the population due to some job seekers. The percentage increase in the population after 2 years is?**

a) 10

b) 11

c) 10.25

d) 10.15

**Q10. Find the amount on Rs.5000 in 2 years, the rate of interest being 4% per first year and 5% for the second year?**

a) Rs.460

b) Rs.5640

c) Rs.5460

d) Rs.5820

**Q11. What amount does Kiran get if he invests Rs.8000 at 10% p.a. compound interest for two years, compounding done annually?**

a) Rs.9630

b) Rs.9680

c) Rs.9610

d) None of these

**Q12. Find the compound interest accrued on an amount of Rs.14,800 at 13.5% p.a at the end of two years. (Round off your answer to nearest integer)**

a) Rs.4273

b) Rs.4613

c) Rs.4064

d) Rs.4266

**Q13. Compound interest earned on a sum for the second and the third years are Rs.1200 and Rs.1440 respectively. Find the rate of interest?**

a) 18% p.a.

b) 22% p.a.

c) 20% p.a.

d) 25% p.a.

**Q14. A sum of Rs.4800 is invested at a compound interest for three years, the rate of interest being 10% p.a., 20% p.a. and 25% p.a. for the 1st, 2nd and the 3rd years respectively. Find the interest received at the end of the three years.**

a) Rs.2520

b) Rs.3120

c) Rs.3320

d) Rs.2760

**Q15. A man gets a simple interest of Rs.500 on a certain principal at the rate of 5% p.a in two years. Find the compound interest the man will get on twice the principal in two years at the same rate.**

a) Rs.500

b) Rs.250

c) Rs.5062.50

d) None of these.

**Q16. A person got Rs.48 more when he invested a certain sum at compound interest instead of simple interest for two years at 8% p.a. Find the sum?**

a) Rs.7500

b) Rs.7000

c) Rs.8000

d) Rs.6500

**Q17. Albert invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Albert get on maturity of the fixed deposit?**

a) Rs. 8600

b) Rs. 8620

c) Rs. 8800

d) None of these

**Q18. What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12% p.a.?**

a) Rs. 9000.30

b) Rs. 9720

c) Rs. 10123.20

d) Rs. 10483.20

**Q19. A man saves Rs. 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years?**

a) Rs. 565.25

b) Rs. 635

c) Rs. 662.02

d) Rs. 666.50

**Q20. Sam invested Rs. 15000 @ 10% per annum for one year. If the interest is compounded halfyearly, then the amount received by Sam at the end of the year will be?**

a) Rs. 16,500

b) Rs. 16,525.50

c) Rs. 16,537.50

d) Rs. 18,150

**Part 3: List for questions and answers of Compound Interest**

Q1. Answer: b

Q2. Answer: a

Q3. Answer: a

Q4. Answer: b

Q5. Answer: b

Q6. Answer: a

Q7. Answer: a

Q8. Answer: d

Q9. Answer: c

Q10. Answer: c

Q11. Answer: d

Q12. Answer: d

Q13. Answer: c

Q14. Answer: b

Q15. Answer: d

Q16. Answer: a

Q17. Answer: d

Q18. Answer: c

Q19. Answer: c

Q20. Answer: c