Home Questions & Answers Aptitude Mental Ability Question Answers If Scheme O offers compound interest (compounded annually) at the rate of 12 p.c.p.a., what is the difference between interests earned by Gautam and Rudra from scheme O after 2 years ?

Directions (Next Seven Questions) : Study the graph and answer the given questions.

Total investment (in INR thousand) of Gautam and Rudra in 6 schemes (M,N,O,P,Q and R)

Scheme

Percentage of Gautam's investment out of total investment

Scheme

(Applicable only to the following question)

If Scheme O offers compound interest (compounded annually) at the rate of 12 p.c.p.a., what is the difference between interests earned by Gautam and Rudra from scheme O after 2 years ?

INR 1,628.16
INR 1,584.38
INR 1,672.74
INR 1,536.58
INR 1,722.96

Explanation:

Scheme	Gautam and Rudra	Gautam	Rudra
M	84000	45360	38640
N	72000	43200	28800
O	32000	12800	19200
P	60000	18000	42000
Q	64000	26880	37120
R	96000	61440	34560

Interest earned by Gautam

= 12800(1+12/100)² - 12800

= INR 3,256.32

Interest earned by Rudra

= 19200(1+12/100)² - 19200

= 19200(28/25)²- 19200

= INR 4,884.48

∴ Required difference = 4884.48-3256.32

= INR 1,628.16

Related Question & Answers

Directions (Next Seven Questions) : Study the graph and answer the given questions.

Total investment (in INR thousand) of Gautam and Rudra in 6 schemes (M,N,O,P,Q and R)

Scheme

Percentage of Gautam's investment out of total investment

Scheme

If scheme P offers compound interest (compounded half yearly) at the rate of 16 p.c.p.a, what would be sum of interests earned by Gautam and Rudra from scheme P after one year ?

What is the respective ratio between the total amount invested by Gautham in scheme O and Q together and the total amount invested by Rudra in the same scheme together ?

Scheme M offers simple interest at a certain rate of interest (p.c.p.a.). If the difference between the interests earned by Gautam and Rudra from scheme M after 4 years is INR 4436.520, what is the rate of interest (p.c.p.a) ?

Directions (Next Eight Questions) : study the pie charts and answer the given questions.

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Total number = 56000

Distribution of number of Sports Watches sold by 8 stores in 2004

Total number = 32000

What is the difference between average number of sports watches sold by stores B,C,G and H together and the average number of luxury watches sold by the same stores together?

Total number of sports watches sold by stores E and F together is what percent of the number of watches (sports watches and luxury watches) sold by store E ?

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