Embibe Experts Solutions for Chapter: Simple and Compound Interest, Exercise 1: Exercise

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Embibe Experts Reasoning and General Awareness Solutions for Exercise - Embibe Experts Solutions for Chapter: Simple and Compound Interest, Exercise 1: Exercise

Attempt the free practice questions on Chapter 25: Simple and Compound Interest, Exercise 1: Exercise with hints and solutions to strengthen your understanding. Achieve Indian Airforce Agniveer Vayu Reasoning and General Awareness Practice Book solutions are prepared by Experienced Embibe Experts.

Questions from Embibe Experts Solutions for Chapter: Simple and Compound Interest, Exercise 1: Exercise with Hints & Solutions

MEDIUM
Agniveer Vayu
IMPORTANT

What is the difference between simple interest and compound interest earned on 1500 for 1 year at 8% p.a. reckoned half-yearly?

MEDIUM
Agniveer Vayu
IMPORTANT

What will be the compound interest on an amount of 8500 at the rate of 4% p.a. after 2 years?

MEDIUM
Agniveer Vayu
IMPORTANT

At what rate % per annum simple interest, will a sum of money triple itself in $$12\frac { 1 }{ 2 } $$ years?

HARD
Agniveer Vayu
IMPORTANT

What will be the amount of a sum of 5000 is placed at compound interest for 3 years while rate of interest for the first, second and third year is 2%3% and 4% respectively?

MEDIUM
Agniveer Vayu
IMPORTANT

The simple interest earned in four years on a principal of 20,000 is one–tenth of the principal. What is the rate of simple interest in per cent per annum?

EASY
Agniveer Vayu
IMPORTANT

Nominal rate which is quoted to consumers on loans is considered as

MEDIUM
Agniveer Vayu
IMPORTANT

Find the compound interest of ₹ 10,000 in 9 months at 4% per annum interest payable quarterly?

HARD
Agniveer Vayu
IMPORTANT

Which of the following statements is/are false?
I. The term ‘depreciation’, ‘depletion’ and ‘amortization’ convey the same meaning.
II. Provision for depreciation A/c is debited when provision for depreciation A/c is created.
III. The main purpose of charging the profit and loss A/c with the amount of depreciation is to spread the cost of an asset over its useful life for the purpose of income determination.