Challenge Prelims V1.0 – Day 75 – CSAT Paper

1. When two equal sums are deposited for 3 year and 2year at a rate of interest of 6% and 8% per annum, respectively and their difference in simple interest is Rs425, then find the amount deposited

2. An amount of Rs 25000 is deposited at a rate of 8% per annum on simple interest. If the interest is calculated half yearly, then find the interest received at the end of 2.5 years.

3. The difference between the simple interest received from two banks on Rs 1000 for 2 year is Rs 10. Find the difference between their interest rates.

4. A man borrows Rs 12000 at 8% simple interest for 2 year. He repays Rs 12000 at the end of 2^nd year and balance at the end of third year. How much did he repay at the end of third year?

5. How much extra money will you receive in 3 years if you decide to invest Rs 40,000 in compound interest rather than in simple interest at a rate of 5% per annum.