IBPS Government Jobs Exams Numerical Ability Simple & Compound Interest

Roger, Rollo and Vik start a business by investing Rs 70,000 that earns them a profit of Rs 42,000 at the end of the year. Roger invests his share in the profit in a scheme that gives him 10% interest compounded annually and Rollo invests his share in a scheme that gives him 20% interest compounded annually. Roger gets Rs 2,520 as interest at the end of 2 years and Rollo gets an interest of Rs 4,200 at the end of one year. Find Vik’s investment in the business. 1) Rs 1,60,000 2) Rs 15,000 3) Rs 17,520 4) Cannot be determined

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IBPS Other Question

Akash invested a sum of money at a certain rate of simple interest for a period of four years. Had he invested the same sum for a period of six years, the total interest earned by him would have been fifty percent more than the earlier interest amount. What was the rate of interest percent per annum? A. 4 B. 8 C. 5 D. Cannot be determined A money-lender borrows money at 4% per annum and lends it at 6% per annum compound interest compounded half yearly and thus gains Rs. 209 in a year. The amount of money he borrows, is: 1) Rs. 12,000 2) Rs. 11,500 3) Rs. 10,000 4) Rs. 9,500