alleryA sum of Rs 8,000 earns simple interest at 5% a year. What is the interest after 3 years?
- Rs 1,200
- Rs 1,260
- Rs 1,000
- Rs 1,500
Show answer and solution
Correct answer: A. Rs 1,200
Simple interest is 8,000 x 5% x 3 = Rs 1,200.
CA Foundation Quantitative Methods: related Quantitative Aptitude practice
The practice bank below covers broader Quantitative Aptitude topics; a dedicated Quantitative Methods lesson is not available yet.
Practise Quantitative Aptitude with Quill →Quantitative Aptitude questions and exercises with answers
Showing questions 1–30 of 93.
A sum of Rs 8,000 earns simple interest at 5% a year. What is the interest after 3 years?Read the answer and worked solution →Rs 10,000 is invested at 10% compounded annually. What is the amount after 2 years?Read the answer and worked solution →At 10% a year on Rs 5,000 for 2 years, compound interest exceeds simple interest by?Read the answer and worked solution →At 10% compounded yearly, Rs 2,000 grows to what value in 3 years?Read the answer and worked solution →Rs 1,331 is due in 3 years. Discounted at 10% yearly, its present value is?Read the answer and worked solution →A perpetuity pays Rs 500 every year. At a 10% rate, its present value is?Read the answer and worked solution →What is the present value of Rs 1,200 paid every year forever at 8%?Read the answer and worked solution →A bond pays Rs 80 every year forever. At an 8% required return, its value is?Read the answer and worked solution →A growing perpetuity's first payment is Rs 60, growth 2%, discount rate 12%. PV?Read the answer and worked solution →An investment costs Rs 900 and returns Rs 1,100 after one year at 10%. NPV is?Read the answer and worked solution →Cost Rs 12,000; inflows Rs 5,500 in year 1 and Rs 12,100 in year 2; rate 10%. NPV?Read the answer and worked solution →Rs 5,000 is invested to get Rs 5,500 after one year. At a 12% rate, the NPV is?Read the answer and worked solution →A value grows from Rs 1,000 to Rs 1,331 in 3 years. The CAGR is?Read the answer and worked solution →An investment of Rs 100 becomes Rs 400 in 2 years. Its CAGR is?Read the answer and worked solution →A population grows from 8 lakh to 27 lakh in 3 years. The CAGR is?Read the answer and worked solution →An EMI of Rs 5,000 for 24 months repays a Rs 100,000 loan. Total interest paid?Read the answer and worked solution →On a Rs 100,000 loan at 12% a year, the first month's interest is about?Read the answer and worked solution →A Rs 100,000 loan at 12% a year has a first EMI of Rs 10,000. Balance after it?Read the answer and worked solution →A rate of 20% a year compounded half-yearly is effectively what annual rate?Read the answer and worked solution →Rs 10,000 at 20% a year compounded half-yearly for one year becomes?Read the answer and worked solution →Rs 1,000 is deposited at each year end for 3 years at 10%. Final value?Read the answer and worked solution →Two yearly payments of Rs 1,100 start today. At 10%, their present value is?Read the answer and worked solution →Equal year-end deposits at 10% must build Rs 3,310 in 3 years. Each deposit?Read the answer and worked solution →What yearly sinking fund deposit at 10% builds Rs 4,641 in 4 years?Read the answer and worked solution →Rs 3,000 becomes Rs 3,600 in 2 years under simple interest. The rate is?Read the answer and worked solution →Simple interest of Rs 400 on Rs 2,000 at 5% a year takes how many years?Read the answer and worked solution →At simple interest a sum doubles in 10 years. The rate per annum is?Read the answer and worked solution →For 2 years at 10% a year compounded half-yearly, periods and rate per period?Read the answer and worked solution →A 5-year annuity pays $100 monthly at 12% nominal. Its present value is about?Read the answer and worked solution →Borrowing $10,000,000 at 10.5% for 120 months gives an EMI nearest to?Read the answer and worked solution →
Worked practice questions
Rs 10,000 is invested at 10% compounded annually. What is the amount after 2 years?
- Rs 11,000
- Rs 12,100
- Rs 12,000
- Rs 12,200
Show answer and solution
Correct answer: B. Rs 12,100
10,000 x 1.10 x 1.10 = Rs 12,100 because interest is earned on the first year's interest too.
At 10% a year on Rs 5,000 for 2 years, compound interest exceeds simple interest by?
- Rs 50
- Rs 100
- Rs 500
- Rs 25
Show answer and solution
Correct answer: A. Rs 50
Compound interest is 1,050 (500 + 550) against simple interest of 1,000, a gap of Rs 50.
How to practise
- Choose a Quantitative Aptitude question and try to work out your answer.
- Open the question to check the correct answer and read its worked solution.
- Continue in the app for bite-sized lessons, explanations and review with Quill. You can start without creating an account.
Put it into practice
Continue with Quantitative Aptitude practice for CA Foundation. Read explanations as you go. No signup form needed to start.
Practise Quantitative Aptitude →