Quantitative Aptitude Quiz For Bank Foundation 2024-15th february

Q1. Aakash invested Rs 16800 on simple interest at r % p.a. for 3 years and received Rs 7560 as total interest. Find the interest amount received by Aakash if the same amount is invested on compound interest at (r+5) % rate of interest after 2 years?
(a) Rs 7560
(b) Rs 7392
(c) Rs 7120
(d) Rs 7820
(e) Rs 7460

Q3. What would be the compound interest obtained on an amount of Rs 4500 at the rate of 15% p.a. compounding annually in 2 years?
(a) Rs 1451.25
(b) Rs 1144.8
(c) Rs 1482.25
(d) Rs 7750.50
(e) None of these
Q4. Sanjay invests a sum of Rs P at rate of 20% per annum on compound interest for three years. If interest earned is Rs 2730. Find value of (P+ interest received).
(a) Rs 3750
(b) Rs 2730
(c) Rs 5750
(d) Rs 6480
(e) Rs 6540
Q5. A and B invests a total amount of Rs 10000 in two schemes respectively for two years. A invests at rate of 10% per annum at CI while B invests at rate of 12.5% at SI. If interest earned by B is Rs 660 more than A, then find amount invested by B.
(a) Rs 4000
(b) Rs 5500
(c) Rs 6000
(d) Rs 6500
(e) Rs 5000

Solutions

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