Home » Quantitative_Aptitude » Arithmetic » CI Level 1 » all » Compound Interest Quiz 8
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Directions: Read the following questions carefully and answer them:

  • 1.
    Kanhaiyalal is a local moneylender and he, in the presence of 5 villagers as witnesses, gives a personal loan of Rs. 18000 to Nargis at 10% p.a. compound interest. What is the ratio of the amount of 3rd year to that of 4th year?
    A. 8 : 9 B. 8 : 11
    C. 10 : 11 D. Can't be determined
    E. None of these

  • 2.
    Gaura Mani invested a sum at a certain compound interest rate on yearly basis. The interest in two successive years was Rs. 305 and Rs. 336.25. Find the approximate rate of interest.
    A. 8.16% B. 10.25%
    C. 16.66% D. 25.4%
    E. 9.88%