Quant Quiz (Compound Interest) For IBPS/BOB Exam

Posted byadmin Published On September 5th, 2016 Leave a comment on Quant Quiz (Compound Interest) For IBPS/BOB Exam

Q1. Sonika invested an amount of 5800 for 2 years. At what rate of compound interest will she get an amount of 594.5 at the end of two years?

(a) 5 p.c.p.a. 

(b) 4 p.c.p.a. 

(c) 6 p.c.p.a.

(d) 8 p.c.p.a. 

(e) None of these

Q2. The compound interest earned by Suresh on a certain amount at the end of two years at the rate of 8 p.c.p.a. was 1414.4. What was the total amount that Suresh got back at the end of two years in the form of principal plus interest earned?

(a) 8500 

(b) 9914.4 

(c) 9014.4

(d) 8914.4 

(e) None of these

Q3. What would be the compound interest accrued on an amount of 7400 @ 13.5 p.c.p.a. at the end of two years? (Rounded off to two digits after decimal)

(a) 2136.87 

(b) 2306.81 

(c) 2032.18

(d) 2132.87 

(e) None of these

Q4. If the compound interest accrued on an amount of 14500 in two years is 4676.25, what is the rate of interest p.c.p.a?

(a) 11 

(b) 9 

(c) 15

(d) 18 

(e) None of these

Q5. What would be the compound interest accrued on an amount of 8000 at the rate of 15% per annum in three years?

(a) 4283 

(b) 4051 

(c) 4167

(d) 4325 

(e) None of these

Q6. What would be the compound interest accrued on an amount of 7850 at the rate of 14% per annum in two years?

(a) 2351.86 

(b) 2880.37 

(c) 2518.22

(d) 2290.23 

(e) 34013.95

Q7. What will be the compound interest accrued on an amount of 10000 @ 20 % per annum in two years if the interest is compounded half-yearly?

(a) 4400 

(b) 4600 

(c) 4641

(d) 4680 

(e) None of these

Q8. What will be the difference between the simple interest and compound interest earned on a sum of 985.00 at the rate of 14% per annum at the end of two years?

(a) 16.408 

(b) 14.214 

(c) 18.218

(d) 17.405 

(e) None of these

Q9. The simple interest on a certain sum of money for 4 years at 4 per cent per annum exceeds the compound interest on the same sum for 3 years at 5 per cent annum by 57. Find the sum.

(a) 24000 

(b) 25000 

(c) 26000

(d) 3000 

(e) 40000

Q10. A sum of money at compound interest amounts in two years to 2809, and in three years to 2977.54. Find the original sum.

(a) 2000 

(b) 2100 

(c) 2200

(d) 2500 

(e) 3000

Q11. A sum is invested at compound interest payable annually. The interest in two successive years was 225 and 236.25. Find the rate of interest.

(a) 2% 

(b) 3% 

(c) 5%

(d) 9% 

(e) 11%

Q12. A merchant commences with a certain capital and gains annually at the rate of 25 p.c. At the end of 3 years he has 10,000. What was his original capital?

(a) 5120 

(b) 5353 

(c) 5456

(d) 5657 

(e) 5757

Q13. In what time will 6250 amount to 6632.55 at 4 p.c. compound interest payable half-yearly?

(a) 3

(b) 3/2

(c) 3/4

(d) 5/2

(e) 9/11

Q14. What sum of money at compound interest will amount to 2249.52 in 3 years if the rate of interest is 3% for the first year, 4% for the second year, and 5% for the third year?

(a) 2000 

(b) 4000 

(c) 3000

(d) 5000 

(e) 7000

Q15. If the simple interest on a certain sum of money for 3 years at 5% is 150, find the corresponding CI.

(a) 197 

(b) 157.62 

(c) 137.36

(d) 117.17 

(e) 127.34