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CAT
IMPORTANT
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If the difference between compound and simple interest on a certain sum of money for 3 years at 2% per annum is ₹604, what is the sum?

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Important Questions on Interest

MEDIUM
CAT
IMPORTANT
How to prepare for Quantitative Aptitude for the CAT>Chapter 10 - Interest>Level of Difficulty>Q 47
If a certain sum of money becomes double at simple interest in 12 years, what would be the rate of interest per annum?
MEDIUM
CAT
IMPORTANT
How to prepare for Quantitative Aptitude for the CAT>Chapter 10 - Interest>Level of Difficulty>Q 48
Three persons, Amar, Akbar and Anthony invested different amounts in a fixed deposit scheme for one year at the rate of 12% per annum and earned a total interest of ₹3240 at the end of the year. If the amount invested by Akbar is ₹5000 more than the amount invested by Amar and the amount invested by Anthony is ₹2000 more than the amount invested by Akbar, what is the amount invested by Akbar?
MEDIUM
CAT
IMPORTANT
How to prepare for Quantitative Aptitude for the CAT>Chapter 10 - Interest>Level of Difficulty>Q 49
A sum of ₹600 amounts to ₹720 in 4 years at simple interest. What will it amount to if the rate of interest is increased by 2%?
MEDIUM
CAT
IMPORTANT
How to prepare for Quantitative Aptitude for the CAT>Chapter 10 - Interest>Level of Difficulty>Q 50
What is the amount of equal instalment, if a sum of ₹1428 due 2 years hence has to be completely repaid in two equal annual instalments starting next year?
HARD
CAT
IMPORTANT
How to prepare for Quantitative Aptitude for the CAT>Chapter 10 - Interest>Level of Difficulty>Q 1
A sum of money invested at simple interest triples itself in 8 years. Find in how many years will it become 8 times itself at the same rate?
HARD
CAT
IMPORTANT
How to prepare for Quantitative Aptitude for the CAT>Chapter 10 - Interest>Level of Difficulty>Q 2
A sum of money invested at simple interest triples itself in 8 years. How many times will it becomes in 20 years time?
MEDIUM
CAT
IMPORTANT
How to prepare for Quantitative Aptitude for the CAT>Chapter 10 - Interest>Level of Difficulty>Q 3
If ₹1100 is obtained after lending out ₹x at 5% per annum for 2 years and ₹1800 is obtained after lending out ₹y at 10% per annum for 2 years, find x+y.
HARD
CAT
IMPORTANT
How to prepare for Quantitative Aptitude for the CAT>Chapter 10 - Interest>Level of Difficulty>Q 4

A certain sum of money was lent under the following repayment scheme based on Simple interest:

8% per annum for initial 2 years.

9.5% per annum for the next 4 years.

11% per annum for the next 2 years.

12% per annum after the first 8 years.

Find the amount which a sum of ₹9000 taken for 12 years becomes at the end of 12 years.