# Hexaware Simple and Compound Interest Quiz 1

Question 1

Time: 00:00:00
A deposited some amount in an investment firm for a period of 5 years at 7% simple interest. After the period is over he received 49,0000 rupees. What was the sum he invested?

Rs 35296.3

Rs 35296.3

Rs 34296.3

Rs 34296.3

Rs 36296.3

Rs 36296.3

Rs 38296.3

Rs 38296.3

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Question 2

Time: 00:00:00
Raj was depositing Rs 20,0000 for a rate of interest for 5 years and got an amount of Rs 30,0000. Had he deposited Rs 5000 more at the same rate, what would have been the amount?

33,500

33,500

34,500

34,500

37,500

37,500

39,500

39,500

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Question 3

Time: 00:00:00
A money lender lends Rs 32,000 and Rs 34,000 for two years at a certain rate of interest. After the time period, he gets Rs 10,560 as simple interest from both combined. Find the rate of interest.

7% pa

7% pa

8% pa

8% pa

9% pa

9% pa

6%pa

6%pa

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Question 4

Time: 00:00:00
For a period of time, Jaya lends her friend Rs 50000 and charges it a rate of 8% p.a. Later Jaya’s friend returned the money and an additional 16,000 rupees. How long did she lend her the money for?

7 years

7 years

4 years

4 years

5 years

5 years

9 years

9 years

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Question 5

Time: 00:00:00
How long would it take for an amount to become 2 times itself, when calculated at a simple interest of 5 % pa?

10 years

10 years

15 years

15 years

20 years

20 years

25 years

25 years

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Question 6

Time: 00:00:00
I lend you 45,000 rupees for 6 years. At what rate of interest should I lend it compounded annually, such that I get an interest of Rs 22,500?

4%

4%

5 %

5 %

6 %

6 %

7 %

7 %

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Question 7

Time: 00:00:00
What will be the amount for a sum of Rs 16,000 that is rated at 8% pa compounded annually for 4 years?

21,760

21,760

21,660

21,660

21,460

21,460

21,360

21,360

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Question 8

Time: 00:00:00
At what rate of interest compounded annually should I lend 1500 rupees for 2 years such that I get an interest of 400 rupees?

12.4

12.4

12.5

12.5

12.6

12.6

12.7

12.7

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Question 9

Time: 00:00:00
Jack deposited Rs 45,000 in a fixed deposit scheme for 4 years compounded annually at 7% rate. How much will he get on maturity?

58,950

58,950

58,850

58,850

59,990

59,990

61,000

61,000

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Question 10

Time: 00:00:00
The simple interest on a certain amount rated at 8% pa for 4 years is 4,000. What will be the amount if the interest is compounded annually?

15,000

15,000

16,000

16,000

17,000

17,000

18,000

18,000

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