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IBPS PO Important (Compound Interest)
  • 2016-09-22
IBPS PO Important (Compound Interest)

1.A sum of money invested at compound interest amounts to Rs.4624 in 2 years and to Rs.4913 in 3 years.The sum of money is:

a)Rs.4096        b)Rs.4260      

c)Rs.4335        d)Rs.4360

2.A sum of money becomes Rs.13,380 after 3 years and Rs.20,070 after 6 years on compound interest.The sum is:

a)Rs.8800        b)Rs.8890      

c)Rs.8920        d)Rs.9040

3.A sum of Rs.12,000 deposited at compound interest becomes double after 5 years .After 20 years, it will become:

a)Rs.96,000     b)Rs.1,20,000

c)Rs.1,24,000  d)Rs.1,92,000

4.A sum of money placed at compound interest doubles itself in 5 years. It will amount to eight times itself at the same rate of interest in :

a)7 years         b)10 years

c)15 years       d)20 years

5.If a sum on compound interest becomes three times in 4 years, then with the same interest rate, the sum will become 27 times in:

a)8 years          b)12 years

c)24 years       d)36 years

6.The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:

a)3       b)4       c)5       d)6

7.A man borrow Rs.2550 to be paid back with compound interest at the rate of 4% per annum by the end of 2 years in two equal yearly installments. How much will each installment be?

a)Rs.1275        b)Rs.1283      

c)Rs.1352        d)Rs.1377

8.What annual payment will discharge a debt of Rs.1025 due in 2 years at the rate of 5% compound interest?

a)Rs.550          b)Rs.551.25   

c)Rs.560          d)Rs.560.75

9.A man borrows Rs.12,500 at 20% compound interest. At the end of every year he pays Rs.2000 as per repayment. How much does he still owe after three such installments?

a)Rs.12,000     b)Rs.12,864   

c)Rs.15,600     d)None of these

10.A sum of money is borrowed and paid back in two annual installments of Rs.882 each allowing 5% compound interest. The sum borrowed was:

a)Rs.1620        b)Rs.1640      

c)Rs.1680        d)Rs.1700

 

ANSWER:

1-a                   2-c                   3-d                   4-c                   5-b                   6-b                   7-c                        8-b                   9-d                   10-b

 

 

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