Quantitative Aptitude Mock Test 21 Welcome to your Quantitative Aptitude Mock Test 21 A person invests Rs. 10,000 in a savings account at a simple interest rate of 5% per annum. What is the amount of interest earned after 3 years? Rs. 1500 Rs. 1000 Rs. 1200 Rs. 1800 Hint A person borrows a loan of Rs. 20,000 for 2 years at a simple interest rate of 10% per annum. What is the amount of interest that needs to be paid back? Rs. 5000 Rs. 4000 Rs. 4200 Rs. 3000 Hint A person invests Rs. 50,000 in a fixed deposit at a simple interest rate of 7% per annum for 5 years. What is the maturity amount of the fixed deposit? Rs. 65,000 Rs. 55,000 Rs. 45,000 Rs. 65,00 Hint A person invests Rs. 25,000 in a savings account at a simple interest rate of 6% per annum. After how many years will the amount in the account double? 343.33 years 333.33 years 433.33 years 338.33 years Hint A person invests Rs. 10,000 in a savings account at a compound interest rate of 5% per annum compounded annually. What is the amount in the account after 5 years? Rs. 14,762.82 Rs. 16,762.82 Rs. 12,762.82 Rs. 22,762.82 Hint A person borrows a loan of Rs. 20,000 for 2 years at a compound interest rate of 10% per annum compounded semi-annually. What is the amount that needs to be paid back at the end of the loan period? Rs. 24,200 Rs. 24,100 Rs. 24,400 Rs. 22,200 Hint Time's up