Capgemini
Company
Numerical Ability
Simple & Compound Interest
A certain money market account that had a balance of $48,000 during all of last month earned $360 in interest for the month. At what simple annual interest rate did the
account earn interest last month?
(A) 7%
(B) 7.5%
(C) 8%
(D) 8.5%
(E) 9%
Read Solution (Total 7)
-
- 9%
rate = SI*100/(P*T)
here, P=48000, SI=360, T=1/12
thereofore r = 360*100/(48000*(1/12)) = 9% - 11 years agoHelpfull: Yes(31) No(3)
- Friends i have my CAPGEMINI written test next week...i heard that already in most of the colleges recruitment process is done...can any1 please assist me in cracking the exam and also send the questions asked to you..my mail id is prince.jag143@gmail.com
- 11 years agoHelpfull: Yes(20) No(0)
- sooo simple 9%
- 11 years agoHelpfull: Yes(2) No(9)
- its not given that it is interested annually,so take the time period as 1
360 over amount of 48000 ie (360/48000)*100 = 7.5% - 11 years agoHelpfull: Yes(2) No(7)
- Friends i have my cts written test on fri...i heard that already in most of the colleges recruitment process is done...can any1 please assist me in cracking the exam and also send the questions asked to you..my mail id is barman.sourish@gmail.com
- 11 years agoHelpfull: Yes(0) No(0)
- R=S.I*100/P.T=360*100*12/48000=9%,T= 1/12,p=48000,s.i=360 R=? R=9
- 11 years agoHelpfull: Yes(0) No(0)
Friends i have my CAPGEMINI written test after 2 days...i heard that already in most of the colleges recruitment process is done...can any1 please assist me in cracking the exam nd also question paper.id is singh.sweta.n93@gmail.com- 9 years agoHelpfull: Yes(0) No(0)
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