# AMCAT Simple and Compound Interest Quiz-1

Question 1

Time: 00:00:00
Out of a sum of Rs 850 , Rajesh kapoor lent his part of money at 6% SI and the other at 12% SI. If the interest on the first part after 2 years is equal to the interest on the second part after 4 years, then the second sum is

Rs350

Rs350

Rs280

Rs280

Rs170

Rs170

Rs220

Rs220

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 2

Time: 00:00:00
Ajay Devgan took a sum of Rs. 550 as a loan. This is to be paid back in two equal installments. If the rate of interest be 20% compounded annually, then the value of each installment is :

Rs360

Rs360

Rs280

Rs280

Rs250

Rs250

Rs320

Rs320

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 3

Time: 00:00:00
Ranbeer kapoor has a certain sum of money which amounts to Rs.1300 in 2 years and to Rs. 1525 in 3.5 years. Find the sum and the rate of interest.

Rs850, 10%

Rs850, 10%

Rs900, 12%

Rs900, 12%

Rs800, 13%

Rs800, 13%

Rs1000,15%

Rs1000,15%

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 4

Time: 00:00:00
Rishi kapoor invested his money for a certain amount of time. The simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:

Rs1800

Rs1800

Rs1750

Rs1750

Rs2000

Rs2000

Rs1655

Rs1655

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 5

Time: 00:00:00
Rashmi desai took a loan of Rs. 15,000 to purchase a mobile. She promised to make the payment after three years. The company charges CI at 20% per annum for the same. But, suddenly the company announces the rate of interest as 25% per annum for the last one year of the loan period. What extra amount she has to pay due to the announcement of a new rate of interest?

Rs1230

Rs1230

Rs1135

Rs1135

Rs1080

Rs1080

Rs1100

Rs1100

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 6

Time: 00:00:00
Abhimanyu invested his money for a certain period of time.The ratio of the amount for two years under compound interest annually and for one year under simple interest is 6:5. When the rate of interest is same, then the value of rate of interest is:

20%

20%

15%

15%

18%

18%

22%

22%

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 7

Time: 00:00:00
Akhilesh yadav is an automobile financier who claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes:

9.5%

9.5%

8%

8%

10.25%

10.25%

10%

10%

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 8

Time: 00:00:00
Jim Gaffigan borrows Rs. 3000 for 2 years at 5% p.a. simple interest. He immediately
lends it to another person at 6_{1}^{4} %p.a for 2 years. Find his gain in the transaction per
year.

Rs 42

Rs 42

Rs 39.25

Rs 39.25

Rs 35

Rs 35

Rs 37.5

Rs 37.5

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 9

Time: 00:00:00
Anil kapoor invested his money for a certain amount of time. If the difference between CI and SI earned on a certain amount at 20% pa at the end of 3 years is Rs.640, find out the principal.

Rs5500

Rs5500

Rs6500

Rs6500

Rs4500

Rs4500

Rs5000

Rs5000

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 10

Time: 00:00:00
Sunny deol invested his money for a certain amount of time. If the simple interest on a certain sum of money is 4/25 of the sum and the rate of Interest equals the number years, then the rate of interest per annum is:

4%

4%

5%

5%

8%

8%

10%

10%

Once you attempt the question then PrepInsta explanation will be displayed.

Start

["0","40","60","80","100"]
["Need more practice!","Keep trying!","Not bad!","Good work!","Perfect!"]

Personalized Analytics only Availble for Logged in users

Analytics below shows your performance in various Mocks on PrepInsta

Your average Analytics for this Quiz

Rank

-

Percentile

0%

Completed

0/0

Accuracy

0%

Prime

#### Prime video

Complete video course for AMCAT Sample Paper

For AMCAT
Prime Video

Prime

#### Prime Mock

Topic-wise full mocks based on AMCAT Sample Paper

For AMCAT
Prime Mock