Simple Interest - Compound Interest

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Simple Interest - Compound Interest - Topic Wise Multiple Choice Questions (MCQ)

Online Topic Wise Simple Interest and Compound Interest MCQ for competitive exam Practice Multiple Choice Questions for IBPS SSC Online Test Private Job Interview



6 )

The ratio of the amount for two years under compound interest annually and for one year under simple interest is 6:5. When the rate of interest is same, then the value of rate of interest is:

20
18
17
22
24

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7 )

An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes:

9.5%
8%
10.25%
10%
10.65%

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8 )

A person borrows Rs. 3000 for 2 years at 5% p.a. simple interest. He immediately lends it to another person at 6 % %p.a for 2 years. Find his gain in the transaction per year.

Rs42
Rs39.25
Rs35
Rs37.5
Rs38.5

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9 )

If the difference between CI and SI earned on a certain amount at 20% pa at the end of 3 years is Rs.640, find out the principal.

Rs5000
Rs5500
Rs6000
Rs6500
Rs6800

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10 )

If the simple interest on a certain sum of money is 4/25 of the sum and the rate per cent equals the number years, then the rate of interest per annum is:

3
4
5
6
7

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