BANKING Content

Simple and compound interest for IBPS PO 2

Instructions

For the following questions answer them individually

Question 1

The compound interest earned by Suresh on a certain amount at the end of two years at the rate of 8 p.c.p.a was Rs. 1,414.4. What was the total amount that Suresh got back at the end of two years in the form of principal plus interest earned?

Question 2

The difference between the simple interest the compound interest on Rs. 8000 at 10% per annum 3 yr is

Question 3

A person invests money in three different schemes for 5 yr, 10 yr and 15 yr at 8%, 10% and 12% simple interest respectively. At the completion of each scheme, he gets the same interest. The ratio of his investments is

Question 4

What will be the difference between compound interest and simple interest on an amount of Rs. 20000 with a rate of 20% for 2 years?

Question 5

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

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