# Cognizant Simple and Compound Interest Quiz

Question 1

Time: 00:00:00
```Alok deposits Rs.5,000 in his bank account for 5 years to earn an interest
of 12%.what amount will he get after 5 years?```

Rs 2000

Rs 2000

Rs 3000

Rs 3000

Rs 5300

Rs 5300

Rs 8000

Rs 8000

Rs 8300

Rs 8300

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Question 2

Time: 00:00:00
```A supplier supplies cartridges to a news paper publishing house.
He earns a profit of 20% by selling cartridges for Rs. 540.
Find the cost price of the Cartridges?```

Rs 500

Rs 500

Rs 480

Rs 480

Rs 400

Rs 400

Rs 450

Rs 450

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Question 3

Time: 00:00:00
```Ramakant wants to earn Rs. 1,500 interest on his deposits.
He plans to buy a sack of grains with the interest.
He puts Rs. 5,000 into his account that earns 2.5% interest.
How long will he need to leave his money in the account to earn
this interest that would help him buy the sack of grains?```

8 years

8 years

10 years

10 years

12 years

12 years

15 years

15 years

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Question 4

Time: 00:00:00
```A Certain sum of money amounts to Rs 2500 in a span Of 5 years and further
to Rs.3000 in a span of 7 years at simple interest The sum is_______```

1200

1200

1050

1050

1250

1250

1000

1000

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