-
gmattaker2009
- Newbie | Next Rank: 10 Posts
- Posts: 4
- Joined: Fri May 08, 2009 1:23 am
Hello friends
Please help me in understanding following SI questions.
1) what is the present worth of Rs 132 due in 2 years at 5% simple interest per annum ?
a) Rs 112 b) 118.80 c) Rs 120 d) Rs 122
doubt that i have " what does the present worth means" . ans is c
2) The sum of money lent out at simple interest amounts to Rs 720 after 2 years and to Rs 1020 after a further period of 5 years. the sum is ?
a) Rs 500 b) Rs 600 c) Rs 700 d) Rs 710
ans is b
3) an automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10% the effective rate of interest becomes ?
a) 10% b) 10.25% c) 10.5 d) none of these ans is b
4) A sum of 10$ is lent to be returned in 11 monthly instalments of 1.00 $, interest being simple. the rate of interest is ?
a) 9 1/11 % b) 10% c) 11% d) 21 9/11%
ans is d
general question : in what category will you put the above questions in gmat easy, moderate or tough
thanks
Please help me in understanding following SI questions.
1) what is the present worth of Rs 132 due in 2 years at 5% simple interest per annum ?
a) Rs 112 b) 118.80 c) Rs 120 d) Rs 122
doubt that i have " what does the present worth means" . ans is c
2) The sum of money lent out at simple interest amounts to Rs 720 after 2 years and to Rs 1020 after a further period of 5 years. the sum is ?
a) Rs 500 b) Rs 600 c) Rs 700 d) Rs 710
ans is b
3) an automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10% the effective rate of interest becomes ?
a) 10% b) 10.25% c) 10.5 d) none of these ans is b
4) A sum of 10$ is lent to be returned in 11 monthly instalments of 1.00 $, interest being simple. the rate of interest is ?
a) 9 1/11 % b) 10% c) 11% d) 21 9/11%
ans is d
general question : in what category will you put the above questions in gmat easy, moderate or tough
thanks
