Compound Interest in Aptitude MCQ Quiz (Multiple Choice Questions And Answers)
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21. 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?
- Rs.81000
- Rs. 80000
- Rs. 85000
- Rs. 82000
22. 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?
- Rs.635.50
- Rs. 630
- Rs. 600
- Rs. 640
23. 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?
- Rs.2
- Rs. 4
- Rs. 6
- Re. 1
24. 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?
- 8000
- 6000
- 2000
- 16000
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