Dear Readers,
We bring to you a Quant Online test for Bank exam specially designed keeping in mind LIC AAO Syllabus and Pattern, as we are in the middle of our week, we have slightly increased the level of the questions, just go out there and have fun with numbers.
1.Find the compound interest on Rs. 4000 for 9 months at 20% per annum when the interest is reckoned half yearly?
(a) Rs. 440
(b) Rs. 420
(c) Rs. 620
(d) Rs. 450
2.What is the compound interest on Rs. 2000 for two years at 5% interest per annum for the first year and at 10% interest per annum for the 2nd year?
(a) Rs. 100
(b) Rs. 110
(c) Rs. 210
(d) Rs. 310
(e) None of these
3.What is the principal amount which earns Rs. 132 as compound interest for the second year at 10% per annum?
(a) Rs. 1000
(b) Rs. 1100
(c) Rs. 1200
(d) Rs 950
(e) None of these
4.A certain amounts to Rs. 5184 in 2 years and Rs. 5832 in 3 years, then what is its rate?
(a) 16 (1/3)%
(b) 15 (3/5)%
(c) 16 (2/3)%
(d) 14 %
(e) None of these
5.Find the compound interest on Rs. 16000 at 5% per annum at the end of 1(1/2) years, if the interest is calculated half yearly?
(a) 1120 (1/4)
(b) 1235 (1/2)
(c) 1230 (1/4)
(d) 1155
(e) None of these
6.A certain sum at certain rate becomes Rs. 1344 in 4 years. The same sum becomes Rs. 1416 in 6 years at same rate of interest. Find the principal and rate of interest?
(a) Rs. 1200 and 3% p.a.
(b) Rs. 1100 and 5% p.a.
(c) Rs. 1200 and 4% p.a.
(d) data inadequate
(e) None of these
7.Find the amount and compound interest on Rs. 5000 for 3 years compound yearly, the rate of interest for the successive years being 4%, 5% and 10% respectively?
(a) Rs. 5006, Rs. 2006
(b) Rs. 6006, Rs. 5006
(c) Rs. 1006, Rs. 2006
(d) Rs. 6006, Rs. 1006
(e) None of these
8.A sum of Rs. 3600 is to be discharged by 3 years instalments. If interest at the rate of 4% is calculate on remaining amount and is added with instalment, what are the values of instalments?
(a) Rs. 1244, Rs. 1296, Rs. 1100
(b) Rs. 1100, Rs. 1200, Rs. 1500
(c) Rs. 1344, Rs. 1296, Rs. 1248
(d) Rs. 1344, Rs. 1296, Rs. 1240
(e) None of these
9.What amount of instalments will discharge a debt of Rs. 1760 due in 5 years at 5% p.a. S.I.
(a) Rs. 400
(b) Rs. 320
(c) Rs. 500
(d) Rs. 200
(e) None of these
10.What sum invested for 1(1/2) years compounded half yearly at the rate of 4% per annum will amount to Rs. 132651?
(a) Rs. 112000
(b) Rs. 125000
(c) Rs. 135000
(d) Rs. 130000
(e) None of these
Answers :
1. (c); P=4000, R=(20/2)%, Time=1(1/2) yr.
A=4000(1+10/100) (1+ 5/100)=4620
C.I.=4620-4000=620
2. (d); C.I=2000(1+ 5/100) (1+ 10/100)-2000
=2310-2000=310
3. (c); Let x be the P at end of the first year
(xX10X1)/100=132, x=1320
Let y be the original P
y+((yX10X1)/100)=1320
y=1200
4. (c); S.I. for 1 year=5832-5184=648
So, SI for 2 year=698X2=1296
So, P=5184-1296=3888
Rate=(1296X100)/(3888X2)=16 (2/3)%
5. (c); P=16000, R=5%, i.e. 5/2 % half years
Time=3 year.
A=16000(1+ 5/(2X100))^2=17240 (1/4)
C.I.=17240 (1/4)-16000=1230 (1/4)
6. (a); S.I. for 2 years=1416-1344=72
S.I. for 4 years=72X2=144
Sum=1344-144=1200
R%=(144X100)/(4X1200)=3%
7. (d); A=5000(1+ 4/100) (1 + 5/ 1000) (1+ 10/100)
=5000X(26/25)X(21/20)X(11/10)=6006
C.I.=6006-5000=1006
8. (c); S.I. for 1 year=(3600X1X4)/100= 144
1st installment=1/3 (3600)+144=1344
SI for 2nd year=(2400X1X4)/100 = Rs. 96
2nd Installment=1200+96=1296
S.I. for 3rd year=(1200X1X4)/100=48
3rd Installment=1200+48=1248
9. (b); Let installment be =100
100+105+110+118+120=1760
550=1760
1=3.2
100=320
10. (b); Here R=4/2 %=2%, T=1(1/2)=3 half year
132651=P(1+ 2/100)^3
P=125000
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