Q1:
IIM-B (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?
Correct Answer
Option 3
Correct Answer
IIM Bangalore (BBA-DBE) Arithmetic > Simple & Compound Interest PYQs
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Q2:
IIM-B (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:
Correct Answer
Option 1
Correct Answer