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1.

The compound interest accrued on an amount of Rs. 16,800/- at the end of two years of Rs. 5,418/-. What would be the simple interest accrued on the same amount at the same rate in the same period?
(1) Rs. 5,070/-
(2) Rs. 5,140/-
(3) Rs. 5,210/-
(4) Rs. 5,280/-
(5) None of these

last reply by CpjJwWHV • 9 years ago • asked in NMAT

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2.

One can purchase a flat from a house building society for Rs. 55,000 cash or on the terms that he should pay Rs. 4,275 as cash down payment and the rest in three equal yearly instalments. The society charges interest at the rate of 16% per annum compounded half yearly. If the flat is purchased under instalment plan, find the value of each instalment
(A) Rs. 39,683
(B) Rs. 19,683
(C) Rs. 29,683
(D) Rs. 9,683

asked in NMAT

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3.

A man borrows Rs. 4,000 at 20% compound rate of interest. At the end of each year he pays back Rs. 1,500. How much amount should he pay at the end of the third year to clear all his dues?
(A) Rs. 2,952
(B) Rs. 2,852
(C) Rs. 2,592
(D) Rs. 2,953

last reply by CpjJwWHV • 13 years ago • asked in NMAT

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4.

A sum of Rs. 18,750 is left by will by a father to be divided between two sons, 12 and 14 years of age, so that when they attain maturity at 18, the amount (principal + interest) received by each at 5 per cent simple interest will be the same. Find the sum allotted at present to each son.
(A) Rs. 9,500, Rs. 9,250
(B) Rs. 8,000, Rs. 1,750
(C) Rs. 9,000, Rs. 9,750
(D) None of these

asked in NMAT

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5.

A sum of Rs. 1,440 is lent out in three parts in such a way that the interests on first part at 2% for 3 years, second part at 3% for 4 years and third part at 4% for 5 years are equal. Then the difference between the largest and the smallest sum is
(A) Rs. 400
(B) Rs. 560
(C) Rs. 460
(D) Rs. 200

asked in NMAT

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6.

Arun borrowed a sum of money from Jayant at the rate of 8% per annum simple interest for the first four years, 10% per annum for the next 6 years and 12% per annum for the period beyond 10 yerras. If he pays a total of Rs. 12,160 as interest only at the end of 15 years, how much money did he borrow?
(A) Rs. 12,000
(B) Rs. 10,000
(C) Rs. 8,000
(D) Rs. 9,000

last reply by CpjJwWHV • 13 years ago • asked in NMAT

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