IIM Bangalore (BBA-DBE) Arithmetic > Simple & Compound Interest PYQs

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Q1:

IIM Bangalore (BBA-DBE) 2024 Slot 2

Arithmetic > Simple & Compound Interest

Easy

The simple interest on a certain sum of money invested at 7.5% per annum for 4 years is ₹243. What was the sum (in ₹) invested?

840

750

810

900

Correct Answer

Option 3

Correct Answer

Explanation →

Q2:

IIM Bangalore (BBA-DBE) 2024 Slot 1

Arithmetic > Simple & Compound Interest

Easy

A bank offers $5\%$ compound interest per annum, calculated on half-yearly basis. A customer deposits $₹3200$ each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:

Rs. 242

Rs. 240

Rs. 340

Rs. 342

Correct Answer

Option 1

Correct Answer

Explanation →