Posted in Challenge Prelims V1.0

Challenge Prelims V1.0 – Day 74 – CSAT Paper

 April 16, 2024  Leave a comment
Challenge Prelims V1.0 – Day 74

Subject: CSAT

Topics: Simple and Compound Interest

Instructions:
This section is designed to help you prepare for the upcoming Prelims Exam. Here are some details about the quiz:

– The quiz consists of 5 practice questions based on specified topics.
– Each question carries 2.5 marks.
– There is no negative marking for incorrect answers.
– This quiz is purely for practice purposes.

Your participation in this quiz can significantly boost your score in the Prelims Exam.

Best of luck! Let’s get started.

1. A principal P becomes Q in 1 year when compounded half-yearly with R% annual rate of interest. If the same principal P becomes Q in 1 year when compounded annually with S% annual rate of interest, then which of one of the following is correct? (UPSC 2023)

 
 
 
 

2. Arun deposited Rs 10,000 in a bank on simple interest of 15% per annum. Find the amount that he receives after 5 years?

 
 
 
 

3. How much interest does Mithun gets on Rs 18,000, at 10% per annum on simple interest after 3 and half years if interest calculated half yearly

 
 
 
 

4. A sum of money becomes 4 times in 20 year at Simple Interest. Find the rate of interest.

 
 
 
 

5. A certain amount of money yields Rs 100 more in 2 years, if invested in compound interest rather than in simple interest, at a rate of 10% per annum. Find the amount of money.

 
 
 
 

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