Simple and Compound Interest Quiz 1

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 3000

Rs 3000

Rs 2000

Rs 2000

Rs 8000

Rs 8000

Rs 5300

Rs 5300

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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. 1540. Find the cost price of the Cartridges?

Rs 1232

Rs 1232

Rs 1109

Rs 1109

Rs 1209

Rs 1209

Rs 1150

Rs 1150

None

None

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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_______

1000

1000

1200

1200

1050

1050

1250

1250

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June 24, 2019

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