Compound Interest in Aptitude MCQ Quiz (Multiple Choice Questions And Answers)
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46. Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?
- 6
- 12
- 3
- 9
47. A man took loan from a bank at the rate of 12% p.a. S.I. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was?
- Rs. 15000
- Rs. 60000
- Rs. 14000
- Rs. 30000
- Rs. 120
- Rs. 240
- Rs. 60
- Rs. 30
49. A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9% p.a. in 5 years. What is the sum?
- Rs. 8925
- Rs. 9000
- Rs. 8920
- Rs. 8900
