(Sample Material) India Post Payments Bank (IPPB) Study Kit "Compound Interest"
Sample Materials of India Post Payments Bank (IPPB) Study Kit
Subject: Numerical Ability
Topic: Compound Interest
1. The sum on which the compound interest for second year at 10% per annum is
154, is given by
(1)
1360
(2)
1250
(3)
1400
(4)
1520
(5) None of these
2. The present worth of
2809 due 2 yr hence at 6% per annum, is
(1)
2100
(2)
2600
(3)
2400
(4)
2500
(5) None of these
3. A man borrows
12500 from a bank at 20% compound interest. At the end of
every year he pays
2000 as part repayment. How much (in rupees) does he still
owe to the bank after three such instalments?
(1) 15600
(2) 12864
(3) 13780
(4) 14320
(5) None of these
4.
A sum of
390200 is to be paid back in three equal annual instalments. How
much is each instalment, if the rate of interest charged is 4% per annum
compounded annually?
(1)
140608
(2)
120560
(3)
10000
(4)
18000
(5) None of these
5. A sum of
2400 deposited at CI, doubled after 5 yr. After 20 yr it will
become
(1)
24000
(2)
38400
(3)
19200
(4) Can’t be determined
(5) None of these
