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ESE 2021: General Aptitude (Simple Interest & Compound Interest)

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Question 1

Reema 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.

Question 2

A loan of Rs. 12 lakhs were taken from bank with simple interest for as many years as the rate of interest. After loan period is over, Rs. 432000 was paid as an interest. What was the rate of interest?

Question 3

If the difference between compound interest and simple interest on a certain sum of money for 3 years at 12% per annum is Rs. 561.6, then find that sum.

Question 4

The difference between simple and compound interest (compounded annually) on a sum of money for 3 years at 10% per annum is Rs. 93. The sum (in Rs.) is:

Question 5

the annual payment of Rs. 160 in 5 years at 5% per annum simple interest will discharge a debt of

Question 6

A borrowed money is to be paid back in two equal annual installments of Rs. 7260. If the borrowed is being compounded at the rate of 10% per annum, how much money was borrowed?

Question 7

What will be the ratio of simple interest earned on a certain amount in 6 years at the rate of 8% p.a. to that of interest earned on the amount in 8 years at the rate of 6% p.a.?

Question 8

An investor invested his saving in the stock market. The value of his investments increased by 12% and 9% in the first year and the second year respectively. If the value of his investments after two years became Rs 97,664 then how much had he invested (in Rs)?

Question 9

At which sum, the simple interest at the rate of

per annum will be Rs.210 in

years?

Question 10

Vicky borrows Rs. 50,000 from a bank at 20% per annum compound interest. At the end of every year, he pays Rs. 15000. If he wants to clear his loan at the end of 3 years, then what should he pay at the end of the third year to clear his loan?

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ESE & GATE EE General

Jun 13ESE & GATE EE