Compound Interest in Aptitude MCQ Quiz (Multiple Choice Questions And Answers)
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61. A sum of money becomes 7/6 of itself in 3 years at a certain rate of simple interest. The rate per annum is?
- 0.0555555555555556
- 0.05
- 0.06
- 0.04
62. A lends Rs. 2500 to B and a certain to C at the same time at 7% p.a. simple interest. If after 4 years, A altogether receives Rs. 1120 as interest from B and C, then the sum lent to C is?
- Rs. 1500
- Rs. 3000
- Rs. 6000
- Rs. 7500
63. A lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is?
- 0.1
- 0.2
- 0.3
- 0.6
64. The difference between the simple interest received from two different sources on Rs. 1500 for 3 years is Rs. 13.50. The difference between their rates of interest is?
- 0.003
- 0.006
- 0.012
- 0.018
65. Peter invested an amount of Rs. 12,000 at the rate of 10% p.a simple interest and another amount at the rate of 20% p.a. simple interest. The total interest earned at the end of one year on the total amount invested became 14% p.a. Find the total amount invested?
- Rs. 20,000
- Rs. 40000
- Rs. 6000
- Rs. 2000
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