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# Practice Questions & Answers :: HireMee

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## Total Practice Qs: 239+

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Ram invests two sum of money A and B at 10% p.a. and 20% p.a respectively at CI for 2 years. IF the total interest on both the sum is Rs 5350 then find the sum invested in A if the total sum of A and B was Rs 20,000?

ARs 5000

BRs 10000

CRs 12000

DRs 15000

ENone of these

| | Important Formulas | Topic: | Asked In HireMee |

Explanation:

At 10% CI in 2 years=21 %
At 20% Ci in 2 years =44%
and 5350 is 107/4% of 20000, by using allegation
A B
21 44
107/4
3 1
A=3/4*20000= Rs 15000

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A sum of Rs 343 becomes 512 in 3 years at C.I. Find the rate of interest.
A

A14 (2/7) %

B12.5 %

C8 (2/3) %

D16 (2/3) %

ENone of these

| | Important Formulas | Topic: | Asked In HireMee |

Explanation:

Sum=353; Amount=512
as many year, put that many root i.e
cuberoot(343): cuberoot(512)
7:8
rate=(8-7)/7 *100 =14 (2/7)%

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If the ratio of difference between CI and SI for 3 years and 2 years is 31:10, then find the Rate of Interest.

A11.11%

B10%

C20%

D25%

ENone of these

| | Important Formulas | Topic: | Asked In HireMee |

Explanation:

Sum= A
Interest= B
A——–A———A
———-B———B
———————B
———————C
CI for 3 years=3A+3B+C
SI for 3 years =3A
Diff= 3B+cCI for 2 years=2A+B
SI for 2 years=2A
diff=B
ratio=(3B+C)/B=31/10
B=10; C=1
Rate=C/B=1/10=10%

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A sum of Rs 6,000 was taken as a loan. This is to be repaid in two equal annual installments. If the rate of interest is 20% compounded annually then find the value of each installment.

ARs 4400

BRs 2220

CRs 4320

DRs 4420

ENone of these

| | Important Formulas | Topic: | Asked In HireMee |

Explanation:

Formula= x/(1+R/100)^T
x/ (1+20/100)^1 + x/(1+20/100)^2 = 6600
solve and get x=4320

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A sum of money amounts to Rs.6690 after 3 years and to Rs.10035 after 6 years on compound interest. Find the sum.

ARs.4400

BRs.4560

CRs.4600

DRs.4460

| | Important Formulas | Topic: | Asked In HireMee |

Explanation:

Let's assume the Sum = Rs. P.
P [1 + (R/100)]^3 = 6690 -------- (i)
P [1 + (R/100)]^6 = 10035 ----------(ii)
On dividing, we get [1 + (R/100)]^3 = 10035/6690 = 3/2.
P * (3/2) = 6690 or P = 4460.
Hence, the sum is Rs. 4460.

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The difference between simple interest and compound interest on a certain deposit for two years at 8 p.c.p. is Rs. 8. What is the amount of deposit

ARs. 2250

BRs. 1250

CRs. 1550

DRs. 2000

ENone of these

| | Important Formulas | Topic: | Asked In Syntel Inc.HireMee |

Explanation:

Given Intrest rate r = 8%
Deposited for year n = 2 years
Formula: SI = p*n*r/100
=> p*2*8/100 = 4p/25
CI = Amount - p
Amount = p(1 + r/100)^n
=> p(1 + 8/100)^2
CI = p(27/25)^2 - p
p(27/25)^2- p - 4p/25 = 8
p[27*27 - 625 - 100]/625 = 8
4p = 5000 => p = Rs. 1250

Tags: Syntel Inc.

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A sum of money triples itself at compound interest in 3 years. In 9 years it will be

A6 times the principal

B12 times the principal

C18 times the prinipal

D27 times the principal

| | Important Formulas | Topic: | Asked In AccentureHireMee |

Explanation:

p(1+ r/100) ^n=ci
p(1+r/100) ^ 3=3p
(1+r/100) ^3=3 , p(1+r/100) ^9=p(3)^3 = 27 times

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If you deposit Rs. 110 in a bank at a simple interest of 12% per year, how much money will you have in the bank after 2 years?

A134

B136.4

C26.4

D24

E136

| | Important Formulas | Topic: | Asked In TCSTCSHireMee |

Explanation:

SI=PTR/100
SI=(110*2*12)/100
SI=26.4
Total amount aftr 2 yrs=P+SI=110+26.4=136.4

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At a certain rate of simple interesrt,a sum double itsef in 10 years.In how many years would it treble itsef?

A30

B40

C15

ENone of these

| | Important Formulas | Topic: | Asked In Syntel Inc.HireMee |

Explanation:

Lets Assume after 10 years amount = 2p
so, SI=2P-P = P
P=(P*R*10)/100
r=10%
now amount = 3P
SI= 3P-P=2P
2P=(P*10*T)/100
T=20years

Tags: Syntel Inc.

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If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?

ARs. 51.25

BRs. 54.25

CRs. 60

DRs. 52

| | Important Formulas | Topic: | Asked In WiproHireMee |

Explanation:

Sum = Rs. (50 * 100)/(5*2) = Rs. 500.

Amount = Rs. [500 * (1 + 5/100)2]

= Rs. (500 * 21/20 * 21/20 )
= Rs. 551.25

C.I. = Rs. (551.25 - 500) = Rs. 51.25