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Arithmetic Aptitude :: Compound Interest

Compound Interest - Important Formulas
Compound Interest - General Questions
Compound Interest - Data sufficiency 1
Compound Interest - Data sufficiency 2
Compound Interest - Data sufficiency 3.1
Compound Interest - [Data Sufficiency 4]
Directions To Solve

Each of the questions given below consists of a statement and / or a question and two statements numbered I and II given below it. You have to decide whether the data provided in the statement(s) is / are sufficient to answer the given question. Read the both statements and

  • Give answer (A) if the data in Statement I alone are sufficient to answer the question, while the data in Statement II alone are not sufficient to answer the question.
  • Give answer (B) if the data in Statement II alone are sufficient to answer the question, while the data in Statement I alone are not sufficient to answer the question.
  • Give answer (C) if the data either in Statement I or in Statement II alone are sufficient to answer the question.
  • Give answer (D) if the data even in both Statements I and II together are not sufficient to answer the question.
  • Give answer(E) if the data in both Statements I and II together are necessary to answer the question.

  1. What is the rate of compound interest?

     I. The principal was invested for 4 years.

     II. The earned interest was Rs. 1491.

     

    2. A.

    I alone sufficient while II alone not sufficient to answer
    B.

    II alone sufficient while I alone not sufficient to answer
    C.

    Either I or II alone sufficient to answer
    D.

    Both I and II are not sufficient to answer
    E.

    Both I and II are necessary to answer

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  2.  What will be compounded amount?

    I . Rs. 200 was borrowed for 192 months at 6% compounded annually

    II. Rs. 200 was borrowed for 16 years at 6%

    3. A.

    I alone sufficient while II alone not sufficient to answer
    B.

    II alone sufficient while I alone not sufficient to answer
    C.

    Either I or II alone sufficient to answer
    D.

    Both I and II are not sufficient to answer
    E.
    Both I and II are necessary to answer

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  3.  An amount of money was lent for 3 years. What will be the difference between the simple and the compound interest earned on it at the same rate?

    I .The rate of interest was 8 p.c.p.a.

    II .The total amount of simple interest was Rs. 1200.

     

     

    4. A.

    I alone sufficient while II alone not sufficient to answer
    B.

    II alone sufficient while I alone not sufficient to answer
    C.

    II alone sufficient while I alone not sufficient to answer
    D.

    Both I and II are not sufficient to answer
    E.

    Both I and II are necessary to answer

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