Quantitative Aptitude Mock Test 23 Welcome to your Quantitative Aptitude Mock Test 23 A person invests Rs. 25,000 in a savings account at a compound interest rate of 6% per annum compounded annually. After how many years will the amount in the account double? 11.90 years 12.90 years 11.20 years 11.00 years None Hint 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 10 years? Rs. 4000 Rs. 5000 Rs. 5500 Rs. 6000 None Hint A person borrows a loan of Rs. 20,000 for 5 years at a simple interest rate of 10% per annum. What is the total amount that needs to be paid back? Rs. 35,000 Rs. 40,000 Rs. 30,000 Rs. 20,000 None 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 annual income from the fixed deposit? Rs. 3500 Rs. 2500 Rs. 4500 Rs. 5500 None 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 increase to Rs. 30,000? 4.33 years 2.33 years 3.33 years 3.43 years None 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 10 years? Rs. 16,288.95 Rs. 14,288.95 Rs. 16,388.95 Rs. 15,288.95 None Hint A person borrows a loan of Rs. 20,000 for 5 years at a compound interest rate of 10% per annum compounded quarterly. What is the total amount that needs to be paid back? Rs. 22,578.71 Rs. 32,578.71 Rs. 35,578.71 Rs. 12,578.71 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 10 years. What is the maturity amount of the fixed deposit? Rs. 86,782.10 Rs. 76,782.10 Rs. 85,782.10 Rs. 88,782.10 None Hint Time's up