Puzzle Test IBPS PO Mock Test 5
Direction: Study the information given below carefully and answer the questions that follow. If the present worth of a certain sum due 2 years hence at 10% per annum at a compound interest principal is Rs. 2500, find the amount.
There are two persons Basu and Vinay, who walked from different point to reach a common point A.
Basu started walking from point C in north direction. After walking 3m he turns right from point E, he then walks for another 3m and turns right from point D. He then walks for 7m and then turns left from point G and walks for 5m till point F. He then turns left and walks for 3m and then turns right from point N and walks for 6m till point A.
Vinay started walking from point X
Q :
(A) Rs. 2400
(B) Rs. 3025
(C) Rs. 2420
(D) Rs. 4220
Correct Answer : A
The compound interest on a certain sum for first two successive years are Rs. 100 and Rs. 172 respectively. Find the rate of interest.
(A) 63%
(B) 72%
(C) 55%
(D) 10%
Correct Answer : D
What will be the compound interest on Rs 10000 for 3 years when the rate of interest is 4% in the first year, 5% in the second year and 6% in the third year?
(A) 1600
(B) 1625.5
(C) 1575.2
(D) 2000
Correct Answer : C
What will be the difference between the compound interest and the simple interest on a sum of 1000 for 2 years at 5% per annum?
(A) 2
(B) 2.5
(C) 3
(D) 3.5
Correct Answer : B
What will be the compound interest of Rs 160000 payable half yearly at 10% per annum in 2 years?
(A) 34846
(B) 34481
(C) 19448
(D) 37946
Correct Answer : B
₹26100 is divided between Mohan and Shyam so that the interest that Mohan receives in 3 years is the same as that Shyam receives in 6 years. If the interest rate of 4% per annum then Mohan's share is :
(A) ₹8,500
(B) ₹17,400
(C) ₹8,700
(D) ₹19,000
Correct Answer : D
A sum of ₹4000 is lent out in two parts, one at 8% simple interest and the other at 10% simple interest. If the annual interest is ₹352. The sum lent at 8% is
(A) ₹2900
(B) ₹2200
(C) ₹2400
(D) ₹3100
Correct Answer : C
On what sum does the difference between the compound interest and the simple interest for 3 years at 10 % is Rs 31?
(A) Rs 1500
(B) Rs. 1200
(C) Rs. 1100
(D) Rs. 1000
Correct Answer : D
In how many years will be Rs. 2,000 amounts to Rs.2,420 at 10% per annum compound interest ?
(A) 3 years
(B) 5 years
(C) 2 years
(D) 4 years
Correct Answer : C
A bank offers 20% compound interest per half year. A customer deposits Rs 7600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained from interest is –
(A) Rs 9727
(B) Rs 2432
(C) Rs 4864
(D) Rs 1216
Correct Answer : C
A man invested a sum of money in Scheme A, at a rate of 15% per annum for simple interest, at the end of 2 years the amount received by him is invested in scheme B at 20% per annum for compound interest. If the interest received by him from scheme B at the end of 2 years is Rs. 2860, then find the sum invested by man in the beginning?
(A) 5000
(B) 6500
(C) 3250
(D) None of these
Correct Answer : A
The difference between the simple and the compound interest compounded every six months at the rate of 10 %.p.a. at the end of two years is Rs. 124.05. What is the sum?
(A) Rs 10,000
(B) Rs 6,000
(C) Rs 12,000
(D) Rs 8,000
Correct Answer : D
Find the difference between compound interest and simple interest on a sum of Rs.48000 at the rate of 15% per annum for three years.
(A) Rs. 3200
(B) Rs. 3204
(C) Rs. 3402
(D) Rs. 3202
(E) None of these
Correct Answer : C
On a certain sum of money, the difference between the compound interest for a year, payable half yearly, and the simple interest for a year is Rs. 56.If the rate of interest in both the cases is 16 %, then the sum is
(A) Rs. 8750
(B) Rs. 5780
(C) Rs. 1080
(D) Rs. 7805
Correct Answer : A
Two different amounts are invested in two schemes. In scheme A, amount X is invested at 8 % per annum and in scheme B amount (X+1400) is invested at 12% per annum. After 2 years difference between both interests is 880, then find value of X?
(A) 7200
(B) 5500
(C) 6800
(D) 7300
(E) None of these
Correct Answer : C
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