IPMAT Indore 2024 (MCQ) PYQs

Person A borrows Rs. 4000 from another person B for a duration of 4 years. He borrows a portion of it at 3% simple interest per annum, while the rest at 4% simple interest per annum. If B gets Rs. 520 as total interest, then the amount A borrowed at 3% per annum in Rs. is:

If the compound interest earned on a certain sum for 2 years is twice the amount of simple interest for 2 years, then the rate of interest per annum is _______ percent

Anindita invests a total of $1$ lakh rupees distributed across three schemes A, B and C for a period of two years. These schemes offer an interest rate of $10\%$, $8\%$ and $12\%$ per annum, respectively, each compounded annually. If the initial investment amount in scheme A is $30000$ rupees and the total interest earned from all the three schemes during the first year is $10600$ rupees, then the total interest earned, in rupees, from all the three schemes for the second year is