Quantitative Aptitude Mock Test 22 Welcome to your Quantitative Aptitude Mock Test 22 A person invests Rs. 50,000 in a fixed deposit at a compound interest rate of 7% per annum compounded annually for 5 years. What is the maturity amount of the fixed deposit? Rs. 68,929.94 Rs. 69,929.94 Rs. 58,929.94 Rs. 48,929.94 None Hint A person invests Rs. 10,000 in a savings account at a simple interest rate of 5% per annum. After how many years will the amount in the account increase to Rs. 12,000? 2 years 4 years 5 years 3 years None 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 monthly installment that needs to be paid back? Rs. 333.33 Rs. 343.33 Rs. 353.33 Rs. 363.33 None Hint A person invests Rs. 10,000 in a savings account at a compound interest rate of 5% per annum compounded monthly. What is the amount in the account after 5 years? Rs. 12,836.90 Rs. 13,836.90 Rs. 12,536.90 Rs. 14,836.90 None Hint A person borrows a loan of Rs. 20,000 for 2 years at a compound interest rate of 10% per annum compounded quarterly. What is the amount that needs to be paid back at the end of the loan period? Rs. 24,275.76 Rs. 34,275.76 Rs. 25,275.76 Rs. 26,275.76 None Hint A person invests Rs. 50,000 in a fixed deposit at a compound interest rate of 7% per annum compounded semi-annually for 5 years. What is the maturity amount of the fixed deposit? Rs. 72,182.10 Rs. 71,182.10 Rs. 70,182.10 Rs. 70,282.10 None Hint Time's up
