# Tech Mahindra Simple & Compound Interest Quiz 1

Question 1

Time: 00:00:00
Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs.1120?

Rs.1000

Rs.1000

Rs.1100

Rs.1100

Rs.1050

Rs.1050

Rs.1200

Rs.1200

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Question 2

Time: 00:00:00
What sum of money will produce Rs.70 as simple interest in 4 years at 3 1/2 percent?

Rs.525

Rs.525

Rs.500

Rs.500

Rs.550

Rs.550

Rs.555

Rs.555

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Question 3

Time: 00:00:00
If rupee one produces rupees nine over a period of 40 years, find the rate of simple interest?

20 %

20 %

10 %

10 %

15 %

15 %

22 1/2%

22 1/2%

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Question 4

Time: 00:00:00
Rs.1500 is divided into two parts such that if one part is invested at 6% and the other at 5% the whole annual interest from both the sum is Rs.85. How much was lent at 5%?

Rs.1000

Rs.1000

Rs.750

Rs.750

Rs.600

Rs.600

Rs.500

Rs.500

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Question 5

Time: 00:00:00
The simple interest on a sum of money is 4/9 of the principal and the number of years is equal to the rate percent. Find the rate and the time?

6 2/3 years; 6 2/3 %

6 2/3 years; 6 2/3 %

5 1/3 years; 5 1/3 %

5 1/3 years; 5 1/3 %

4 2/3 years; 4 2/3 %

4 2/3 years; 4 2/3 %

None

None

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Question 6

Time: 00:00:00
Find compound interest on Rs. 8000 at 15% per annum for 2 years 4 months, compounded annually

2109

2109

3109

3109

4109

4109

6109

6109

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Question 7

Time: 00:00:00

A sum of money amounts to Rs.6690 after 3 years and to Rs.10,035 after 6 years on compound interest.find the sum.

4360

4360

4460

4460

4560

4560

4660

4660

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Question 8

Time: 00:00:00

The compound interest on rs.30000 at 7% per annum is Rs.4347. The period is

2 years

2 years

2.5 years

2.5 years

3 years

3 years

4 years

4 years

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Question 9

Time: 00:00:00

If the simple interest on a sum of money at 5% per annum for 3 years is Rs. 1200, find the compound interest on the same sum for the same period at the same rate.

1261

1261

1271

1271

1281

1281

1291

1291

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Question 10

Time: 00:00:00

The compound interest on a sum of money for 2 years is rs.832 and the simple interest on the same sum for the same period is rs.800 .the difference between the compound interest and simple interest for 3 years

Rs.48

Rs.48

Rs.98.56

Rs.98.56

Rs.66.56

Rs.66.56

None of these

None of these

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