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Zoho Simple and Compound Interest Quiz 1

Question 1

Time: 00:00:00
The difference between compound interest and simple interest at the same rate on Rs 5000 for 2 years is Rs 72. The rate of interest per annum is:

0.06

0.06

0.08

0.08

0.1

0.1

0.12

0.12

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Question 2

Time: 00:00:00
A money lender borrows money at 4% P.a and pays interest at the end of the year. He lends it at 6% P.a compound interest compounded half-yearly and receives the interest at the end of the year. Thus be gains Rs 104.50 a year. The amount of money he borrows is

Rs 4500

Rs 4500

Rs 5000

Rs 5000

Rs 5500

Rs 5500

Rs 6000

Rs 6000

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Question 3

Time: 00:00:00
A man deposited Rs 6000 in a bank at 5% P.a simple interest another man deposits Rs 5000 at 8% P.a Compounded interest. After 2 years the difference of their interest will be

Rs 230

Rs 230

Rs 232

Rs 232

Rs 600

Rs 600

Rs 832

Rs 832

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Question 4

Time: 00:00:00
The difference between simple and compound interest (compounded-annually) on a sum of money for 2 years at 10% per annum is Rs 65. The sum is

Rs 6500

Rs 6500

Rs 6565

Rs 6565

Rs 65065

Rs 65065

Rs 65650

Rs 65650

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Question 5

Time: 00:00:00
The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is:

Rs 6.06%

Rs 6.06%

Rs 6.07%

Rs 6.07%

Rs 6.08%

Rs 6.08%

Rs 6.09%

Rs 6.09%

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Question 6

Time: 00:00:00
At what rate of interest will be Rs 20000 becomes Rs 24200 after 2 years when interest is compounded annually?

0.05

0.05

0.06

0.06

0.1

0.1

0.15

0.15

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Question 7

Time: 00:00:00
On a certain sum, the simple interest at the end of 12 ½ years becomes ¾ of the sum. What is the rate percent per annum?

0.04

0.04

0.05

0.05

0.06

0.06

0.08

0.08

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Question 8

Time: 00:00:00
With a given rate of simple interest the ratio of the principle and amount for a certain period of time is 4: 5. After 3 years with the same rate of interest to the ratio of the principle and amount becomes 5: 7. The ratio of interest per annum is?

0.04

0.04

0.05

0.05

0.06

0.06

0.07

0.07

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Question 9

Time: 00:00:00
Rs.1000 is invested at 5 % p.a simple interest if the interest is added to the principle after every 10 years. The amount will become Rs. 2000 After

15 years

15 years

16 2/3 years

16 2/3 years

18 years

18 years

20 Years

20 Years

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Question 10

Time: 00:00:00
A person invests money in three different schemes for 6 years, 10 years and 12 years at 10 %, 12 %, and 15 %. Simple interest respectively. At the completion of each scheme, he gets the same interest. The ratio of his investments is

0.085462962962963

0.085462962962963

0.127800925925926

0.127800925925926

0.127847222222222

0.127847222222222

0.252106481481481

0.252106481481481

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["0","40","60","80","100"]
["Need more practice! \n","Keep trying! \n","Not bad! \n","Good work! \n","Perfect! \n"]

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