Percentage Question Set 12

Hello Readers,

Percentage questions are asked in almost all competitive exams. They are followed by simple tricks and calculations, and cover about 2% of the paper marks. They also include questions from Compound Interest and Simple Interest. Here is a sample paper sheet of the missing number puzzle for your practice. Do give us a review.

Q1. The effective annual rate of interest, corresponding to a nominal rate of 6% per annum payable half yearly at compound interest.
(a) 6.06%
(b) 6.07%
(c) 6.08%
(d) 6.09%

Q2. If x, y, z are three sum of money such that y is the simple interest on x and z is the simple interest on y for the same time and at the same rate of interest, then we have:
(a) x^2=xy
(b) xyz = 1
(c) x^2=y^2
(d) y^2=zx

Q3. At certain rate of simple interest Rs. 1600 amounted to Rs. 1840 in 5 years. If the rate of interest be decreased by 3%, what will be the amount after 5 years?
(a) 1720
(b) 1680
(c) 1600
(d) Not possible

Q4. The difference between the interest received from two different banks on 450 for 4 years is Rs. 18. Find the difference between their rates?
(a) 2%
(b) 1%
(c) 1.5%
(d) 3%

Q5. A sum of money lent out at simple interest amounts to Rs. 460 in 3 years while in 5 years it amount to Rs. 500. Find the rate of interest?
(a) 6%
(b) 5%
(c) 4%
(d) 3%

Answers:

1. (D) 2. (D) 03. (C) 4. (B) 5. (B)