# Cognizant Simple and Compound Interest Quiz-1

Question 1

Time: 00:00:00
What will be Simple interest if Principal = RS 2000 rate = 3% and Time Period = 2 years ?

Rs 350

Rs 350

Rs 430

Rs 430

Rs 330

Rs 330

Rs 120

Rs 120

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Question 2

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_______

1560

1560

1500

1500

1456

1456

1250

1250

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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
Alok deposits Rs.5,000 in his bank account for 5 years to earn a Simple interest of 12%.what amount will he get after 5 years?

6000

6000

2000

2000

8000

8000

7500

7500

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