Aptitude - Arithmetical Ability

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13.

At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years??                          


A. 6% B. 6.50%
C. 7% D. 7.50%




14.

The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:?                          


A. 3 B. 4
C. 5 D. 6




15.

Vijay invested Rs.50,000 partly at 10% and partly at 15%. His total income after a year was Rs.7000. How much did he invest at the rate of 10%??                          


A. Rs.40,000 B. Rs.12,000
C. Rs.20,000 D. Rs. 30,000




16.

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??                          


A. Rs. 8600 B. Rs. 8620
C. Rs. 8820 D. None of these




17.

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:?                          


A. 6.06% B. 6.07%
C. 6.08% D. 6.09%




18.

A sum of money invested for a certain number of years at 8% p.a. simple interest grows to Rs.180. The same sum of money invested for the same number of years at 4% p.a. simple interest grows to Rs.120 only. For how many years was the sum invested??                          


A. 25 years B. 40 years
C. 33 years and 4 months D. Cannot be determined




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