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Quantitative Aptitude

Simple & Compound Interest

28 questions across 8 exam years. Answers for this topic

Quick revision: Simple & Compound InterestRules, shortcuts, how it is asked, worked examples and traps
Per paper
~0.9
Years asked
8 of 10
Past questions
28

11 Aug 2018 · shift not stated

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Q-SICI-1Q.71

A person invested two equal amounts in two different schemes. In first scheme, amount is invested at 8% p.a. on SI for T years and SI received is Rs 2000 while in second scheme, amount is invested at 10% p.a. for 2 years at CI and the compound interest received is Rs. 1050. Find the value of T.

  1. (a) 4 yr
  2. (b) 8 yr
  3. (c) 6 yr
  4. (d) 5 yr
  5. (e) 3 yr