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Aptitude test questions about Compound Interest

Aptitude test questions about Compound Interest These are some aptitude test questions as follows: 1. Sample questions of aptitude test 1. I...

Aptitude test questions about Compound Interest

These are some aptitude test questions as follows:

1. Sample questions of aptitude test



1. If the simple interest on a sum of money for 2 years at 5% per annum is Usd 50, what is the compound interest on the same at the same rate and for the same time?
A. Usd 51.25 B. Usd 52 C. Usd 54.25 D. Usd 60

2. A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Usd 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:
A. Usd 120 B. Usd 121 C. Usd 122 D. Usd 123

3. The compound interest on a certain sum for 2 years at 10% per annum is Usd 525. The simple interest on the same sum for double the time at half the rate percent per annum is:
A. Usd 400 B. Usd 500 C. Usd 600 D. Usd 800

4. The difference between simple interest and compound on Usd 1200 for one year at 10% per annum reckoned half-yearly is:
A. Usd 2.50 B. Usd 3 C. Usd 3.75 D. Usd 4 E. None of these

5. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Usd) is:
A. 625 B. 630 C. 640 D. 650

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