Compound Interest in Aptitude MCQ Quiz (Multiple Choice Questions And Answers)
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51. A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?
- Rs. 1200
- Rs. 5000
- Rs. 1000
- Cannot be determined
52. What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years?
- ratio 2:3
- ratio 3:2
- ratio 4:5
- ratio 5:5
53. Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9% p.a. for the next five years and 13% p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is Rs. 8160, how much money did he borrow?
- Rs. 8000
- Rs. 4000
- Rs. 2000
- Rs. 16000
54. An automobile financier claims to be lending money at S.I., 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?
- 0.1025
- 0.1
- 0.2
- 0.25
