Compound Interest in Aptitude MCQ Quiz (Multiple Choice Questions And Answers)
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86. A sum of money amounts to Rs.5200 in 5 years and to a Rs.5680 in 7 years at simple interest. The rate of interest per annum is?
- 0.06
- 0.03
- 0.12
- 0.24
- Rs.2400
- Rs. 2000
- Rs. 6000
- Rs. 1000
88. A person invests money in three different schemes for 6 years, 10 years and 12 years at 10 %, 12 %, and 15 %. Simple interest respectively. At the completion of each scheme, he gets the same interest. The ratio of his investments is
- ratio 6:3:2
- ratio 6:2:2
- ratio 2:3:6
- ratio 3:6:2
89. Simple interest on Rs.500 for 4 years at 6.25 % per annum is equal to the simple interest on Rs. 400 at 5 % per annum for a certain period of time. The period of time is?
- 6 ¼ years
- 6 years
- 12 years
- 3 years
