Quant Questions | NICL AO 2017 | 28.04.2017

                                             

Question 1 : If Rs. 1000 be invested at interest rate of 5% and the interest be added to the principal after 10 yr, then the number of years in which it will amount to Rs 2000 is ?

A 16 2/3 yr

B 16 1/4 yr

C 16 yr

D 11 yr

E None of these

Question 2 : A sum of Rs 7700 is to be divided among three brothers Bharat, Rakshit and Maninder in such a way that simple interest on each part at 5% per annum after 1, 2 and 3 yr respectively remains equal. The share of Bharat is more than that of Maninder by:

A Rs 2800

B Rs2500

C Rs3000

D Rs2700

E None of these

Question 3 : Amit borrowed a certain sum of money for 2 yr at 8% per annum on simple interest and immediately lent it to Ravi but at compound interest and gained Rs 16. What amount did Amit borrow?

A Rs1600

B Rs2500

C Rs24000

D Rs1800

E None of these

Question 4 : Anu owes Biresh Rs. 1120 payable 2 yr hence; Biresh owes Anu Rs.1081.50 payable 6 months. If they decide to settle their accounts forthwith by making the payments of money due right now, and the rate of interest be 6% per annum, then who should pay and how much?

A Anu, Rs70

B Biresh, Rs 50

C Anu, Rs50

D Biresh, Rs 70

E None of these

Question 5 : Natasha invested a certain sum of money in a simple interest bond whose value grew to Rs.300 at the end of 3 yr and to Rs.400 at the end of another 5 yr. What was the rate of interest in which he invested his sum?

A 12%

B 12.5%

C 6.67%

D 8.33%

E None of these

Question 6 : What total amount would Mithilesh get at the end of three years if he invests an amount of Rs.11, 200 in a scheme which offers simple interest at the rate of 8.5 p. c. p. a. for three years?

A Rs.14, 056

B Rs.14, 348

C Rs.13, 852

D Rs.15, 064

E      None of these

Question 7 : Ravi borrowed some money at the rate of 4 p.c.p.a. for the first three years, at the rate of 8 p.c.p.a. for the next two years and at the rate of 9 p.c.p.a. for the period beyond 5 years. If he pays a total simple interest of Rs.19, 550 at the end of 7 years, how much money did he borrow?

A Rs.39, 500

B Rs.42, 500

C Rs.41, 900

D Rs.43, 000

E      None of these

Question 8 : Srinivasan invests two equal amounts in two banks giving 10% and 12% rate of interest respectively. At the end of year the interest earned is Rs.1650/-. Find the sum invested in each.

A Rs.8, 500/-

B Rs.15, 000/-

C Rs.7, 500/-

D Rs.17, 000/

E      None of these

Question 9 : Rs.800 becomes Rs.956 in 3 years at certain simple rate of interest. If the rate of interest is increased by 4%, what amount will Rs.800 become in 3 years?

A Rs.1020.8

B Rs.1025

C Rs.1052

D Data inadequate

E      None of these

Question 10 : A certain amount earns simple interest of Rs.1, 750/- after 7 years. Had the interest been 2% more, how much more interest would it have earned?

A Rs.35/-

B Rs.350/-

C Rs.245/-

D Cannot be determined

E      None of these