CMAT Interest Questions

Given below are two statements :
Statement I: A savings account at Bank A pays 6.2% interest, compounded annually. Bank B's savings account pays 6% compounded semi-annually. Bank B is paying less total interest each year.
Statement II: A sum of money at a certain rate of compound interest doubles in 3 years. In 9 years, it will be P times original principal. Then P = 9.
In the light of the above statements, choose the correct answer from the options given below.

The simple interest accrued on a sum of certain principal in 8 years at the rate of 13% per year is ₹6500. What would be the compound interest accrued on that principal at the rate of 8% per year in 2 years?

A certain sum of money earns a simple interest of ₹ 800 over 2-year period. The same sum of money invested at the same rate of interest and same period on a compound interest basis earns an interest of ₹ 900. What is the sum?

A man borrows Rs 4000 at 15% compound interest. At the end of each year, he pays back Rs 1500. How much additional amount is required to pay at the end of third year to clear all his dues :

The difference between the compound interest and simple interest for the amount Rs 5000/- in 2 years is Rs. 32. Then the rate of interest per annum is:

The difference between the compound interest and simple interest for two years on a certain sum at a certain rate of interest is Rs. 64. The compound interest for two years is Rs. 704. The principal is

25,000/- is borrowed at compound interest at the rate of 3% for first year, 4% for $$2^{nd}$$ year and 5% for $$3^{rd}$$ year. Find the amount to be paid after 3 years.

A company publishes to its customers that at a certain compound interest rate, a sum of money deposited by anyone will become 8 times in 3 years. If the same amount is deposited at the same compound rate of interest, then in how many years will it become 16 times ?

In what time will Rs. 6,250 amount to Rs. 6,632.55 at 4% compound interest payable half-yearly?

In how many years will Rs. 2 lakh double itself at 11.5% per annum simple interest?

A certain amount of money invested at 10% per annum compound interest for two years became Rs. 2000.
What is the initial investment?