Compound Interest in Aptitude MCQ Quiz (Multiple Choice Questions And Answers)
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66. If the annual rate of simple interest increases from 10% to 12 1/2 %, a man's yearly income increases by Rs. 1250. His principal in Rs. is?
- 50000
- 25000
- 10000
- 30000
67. A money lender finds that due to a fall in the annual rate of interest from 8% to 7 3/4 % his yearly income diminishes by Rs. 61.50, his capital is?
- Rs. 24,600
- Rs. 24000
- Rs. 24650
- Rs. 20000
68. The price of a T.V. set worth Rs. 20000 is to be paid in 20 installments of Rs. 1000 each. If the rate of interest be 6% per annum, and the first installment be paid at the time of purchase, then the value of the last installment covering the interest as well will be?
- 200
- 400
- 600
- None of these
69. Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in scheme B?
- Rs. 6400
- Rs. 6000
- Rs. 3000
- Rs. 6200
