Q. A man repays a loan of Rs. 3,250 by paying Rs. 20 in the first month and then increases the payment by Rs. 15 every month. How many months will it take him to clear the loan?
1) 26
2) 25
3) 23
4) 20
Q. A person deposited a sum of Rs. 6,000 in a bank at 5% per annum simple interest. Another person deposited Rs. 5,000 at 8% per annum compound interest. After two years, the difference in their interests will be -
1) Rs. 230
2) Rs. 232
3) Rs. 832
4) Rs. 600
Q. If the simple interest for 6 years is equal to 30% of the principal, it will be equal to the principal after -
1) 20 years
2) 30 years
3) 10 years
4) 22 years
Q. If the rate of interest is 4% per annum for the first year, 5% per annum for the second year, and 6% per annum for the third year, then the compound interest of Rs. 10,000 for 3 years will be -
1) Rs.1,600
2) Rs.1,625.80
3) Rs.1,575.20
4) Rs.2,000
Q. If the difference between the compound and simple interests on a certain sum of money for 3 years at 5 % per annum is Rs.15.25, then the sum is -
1) Rs. 2,000
2) Rs.1,000
3) Rs.1,500
4) Rs. 2,500
Q. The compound interest on Rs. 16,000 for 9 months at 20 % per annum, interest is compounded quarterly, is -
1) Rs. 2,520
2) Rs. 2,524
3) Rs. 2,522
4) Rs.2,518
Q. If the length of a rectangle is increased by 20% and its breadth is decreased by 20%, then its area -
1) increases by 4%
2) decreases by 4%
3) decreases by 1%
4) remains unchanged
Q. If the height and the radius of the base of a cone are each increased by 100%, then the volume of the cone becomes -
1) double that of the original
2) three times that of the original
3) six times that of the original
4) eight times that of the original
Q. A student has to secure a minimum of 35% marks to pass an examination. If he gets 200 marks and fails by 10 marks, then the maximum marks are -
1) 300
2) 400
3) 500
4) 600
Q. In a kilometre race, A beats B by 30 seconds and B beats C by 15 seconds. If A beats C by 180 metres, the time taken by A to run 1 kilometre, is -
1) 250 seconds
2) 205 seconds
3) 200 seconds
4) 210 seconds
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