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# Mathematics quiz on Simple Interest and Compound Interest (07-10-2020)

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Question 1

Amount of Rs. 9270 to be paid after 3 year will be paid in 3 equal annual installments. If rate of S.I. is 3% per annum, then find the value of each installment?

Question 2

Vishal takes a sum at 5 per annum simple interest from Vishwas. He returns the amount after 5 years. Vishwas returns 2% of the total amount received. How much Vishal did take if he received Rs. 5?

Question 3

Find the amount of equal quarterly installments for payment of loan which can pay a loan of 3648 taken at simple interest rate of 16% per annum for 2 years?

Question 4

Dhoni invests two equal Amount in two banks giving 15% and 20% rate of interest respectively. At the end of the year the interest earned is Rs. 2800/- find the sum invested in each bank.

Question 5

Sumit borrowed Rs. 60,000 at simple interest, but at different rates for different period of time. The rate of interest for the first three years was 6% p.a.; for the next two year it was 7% p.a. and for the next four year it was 8% p.a. and for the 10 year it was 9% p.a. he made a partial repayment of Rs. 35,000 at the end of four years. How much amount should he pay at the end of 10th years?

Question 6

Vishal borrows Rs 5,000 from rahul at 6% p.a. simple interest and lends into ankit at compound interest of 10% p.a. If Vishal collects the money back after 2 years and repays rahul, the profit made by Vishal in the transaction is

Question 7

Alok deposited a sum of Rs 7,000 in a LIC at 5% per annum simple interest. Aman deposited Rs. 5,000 at 8% per annum compound interest. After two years, the difference of their interest will be

Question 8

Harry and Genny invested a total of Rs. 30,000 in compound interest for 2 years. Harry invested at 15% per annum while genny at 10% per annum. The total interest generated by Rs. 8662.5. What was the share of genny in the investment (in rupee)?

Question 9

Difference between compound interest and simple interest received in two years on certain amount is 84 rupees, if the rate of interest is 4%, and then calculates the amount invested (in rupee).

Question 10

Summit borrowed Rs.10,000 at compound interest at the rate of 24% per annum for 1 year. What will be the approximate amount to be paid after 1 year? (It is given that interest is compound quarterly).
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