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- [FREE] Simple Interest Test Questions With Answers | updated!
In this example, the time given was in years, just as in the formula. But what if you are only given a number of months? How much interest is earned on this investment? Solution Before we can apply the formula, we will need to write the time of 4...
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The quicker method however, is to use the following formula. What is the total amount the business will repay if the loan is for 8 years?
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Simple Interest Word ProblemsImportant: to get a more accurate answer, try to do all your calculations on the calculator in one go. This will prevent rounding off errors from influencing your final answer. Practise now to improve your marks You can do it! Let us help you to study smarter to achieve your goals. Siyavula Practice guides you at your own pace when you do questions online. Sign up to improve your marks Exercise 9. If simple interest was used, calculate the rate at which the money was invested. At what rate was the money invested? Give the answer correct to one decimal place. Give your answer correct to one decimal place. Round up your answer to the nearest year.
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Problem 2 : If a sum of money is doubled in 10 years in simple interest, in how many years will it be tripled? Solution : Let P be the sum of money. Given : P is doubled in 10 years Now we can calculate interest for ten years as given below From the above calculation, P is the interest for the first 10 years. In simple interest, interest earned will be same for every year. Interest earned in the next 10 years will also be P. It has been explained below.
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Hence, the sum of money will be tripled in 20 years. Solution : From the given given information we have the following points. In simple interest, interest will be same for every year. So, we can calculate the principal as given below. The value of "t" must always be in "years". But in the question, it is given in both years and months. To convert months into years, we have to divide the given months by
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Practice Test on Simple Interest Math practice test on simple interest will help the children to learn how to calculate simple interest, principal, rate, time and amount. Before solving this practice worksheet on simple interest students can review the formula and then solved questions on simple interest. Let's start practicing the different questions given on practice test on simple interest 1. Find the Principal when….. Find the Rate when….. Find the Time when….. At what rate per cent annum will a sum of money double itself in 6 year? Find the difference in the interest paid by them. In how much time will S. Find the sum and the rate per cent per annum. Find the rate per cent and time if both are numerically equal. Answers for practice test on simple interest are given below to check the exact answers of the above question.
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An easy topic to master. You could expect one to two questions from this topic. Question 1 » A father left a will of Rs. The original amount of Rs. How much did the elder daughter get at the time of the will? Explanatory Answer » Question 2 » What will Rs. Explanatory Answer » Question 4 » The population of a town was three years back. It is right now. What will be the population three years down the line, if the rate of growth of population has been constant over the years and has been compounding annually? Explanatory Answer » Question 5 » A man invests Rs.
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Find the amount at the end of the third year. What will be the value of the amount at the end of 3 years? Explanatory Answer » Question 7 » A stairway 10ft high is such that each step accounts for half a foot upward and one-foot forward. What distance will an ant travel if it starts from ground level to reach the top of the stairway? For how many years was the sum invested? Explanatory Answer » Question 9 » How long will it take for a sum of money to grow from Rs. Explanatory Answer » Question 10 » Rs. Find the share of Shyam. Explanatory Answer » Question 11 » The question for the day is from the topic simple and compound interest. Shawn invested one half of his savings in a bond that paid simple interest for 2 years and received Rs.
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- Simple Interest - Aptitude Questions And Answers
He invested the remaining in a bond that paid compound interest, interest being compounded annually, for the same 2 years at the same rate of interest and received Rs. What was the value of his total savings before investing in these two bonds? Explanatory Answer » Question 12 » Rs. How many more years will it take to get another Rs. Explanatory Answer » Question 13 » In the beginning of the year , a person invests some amount in a bank.
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In the beginning of , the accumulated interest is Rs. The interest rate is compounded annually and the annual interest rate is fixed.
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The amount of interest paid back at the end of 5 years is half of the principle amount. Find the rate of interest? A flower shop owner made a bouquet with 80 red roses at the rate of Rs. Find the profit or less percentage. Shop B has marked the same jacket at Rs. Find the discount percentage if the selling price in Shop A and shop B are equal. Charlie borrowed Rs. Find the difference in the interest amount if he would have took the loan at simple interest. To sell the TV bought at Rs. Prakhar buys a watch for Rs. Calculate the amount payable if Rs. The sum of money borrowed by Pranav grows to Rs. Will Tom have any money left after paying pack? Answer with explanation.
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- Aptitude - Simple Interest
Screening part is just the start of the interview process Question no. Hint: This is often the very first question. It helps the HR managers to get a basic idea of your communication skills, motivation, and interests. It is also an ice breaker, and a good answer will help you to feel more relaxed in the room. The interviewers do not ask about your education, experience, personal life, or anything else in particular—you can choose the way to introduce yourself.
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However, your choice reflects what matters to you. In a job interview, you should talk about your education, working experience, career goals, skills and abilities. You should talk about things that are relevant for the employer. On the other hand, you can mention one or two hobbies, or tell them something from your personal life. This shows that you have a life outside of work. Check one sample answer below.
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I am Mario, 25 years old, and I have just finished my Masters in Economy. I enjoy team work, and I am looking for my first job, ideally in a big company. I want to learn, and meet like-minded people in work. In my free time I like to run, read, and meet with friends. I try to have positive outlook of life, and take everything that comes my way as an opportunity to become a better person. Question no. Hint: Motivation is one of the deciding factors in every single job interview. Do you apply for a job just because you want to earn money, or graduated from the field? Do you apply only because you need a job, or do you really want to have this particular position? Your goal is to convince the employer that you genuinely want to work for them, and that you have a good reason for choosing their offer and not an offer of one of their competitors.
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Pre-interview research should help you to find a good answer. You should learn something about the working environment, their vision and goals, the value they bring to their customers and business partners. Try to look for something that goes beyond your personal role in the company, something you can praise, something that resonates with you. I really like the job description and believe I can fit here, and bring some value to your team of financial analysts. On the top of that, I have the right education for this position, and I would enjoy working in an international environment. Your store is just ten minute away from my apartment, and I shop here regularly. I like the way you approach customers, and I would be proud do be a member of your team. On the top of that, I like the vision of your company, the way this store is organized, and overall I have a good feeling about the place.
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Special Tip: You can download all 30 questions screening and behavioral in a simple, one page long. PDF, print it, and practice your interview answers anytime later, with a friend, or alone: Question no. Hint: Changing a job, or even a career, is completely normal. Nevertheless, employers want to understand why you plan to make a change, or why you were forced to make your move. They try to understand whether they can count with you in a long run, and how it will feel to work with you. Do you look for good things, or for bad things in a job? Do you demand a lot from your colleagues, or do you demand a lot from yourself? Regardless of your past experience, you should focus on good things.
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Even if they fired you in your last job for no real reason , try to speak nicely about your former colleagues and employers. Nobody wants to hire an employee who will complain about everything, a person who always looks for the worst… I had my job in a restaurant for four years. I enjoyed the company of my colleagues, and believe that I helped the guests to enjoy the place.
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But I needed a change. The duties were repetitive, and I felt I was not moving forward anymore. They fired me because I had a different opinion than the director of the company. Nothing wrong with him—we just had a different philosophy of leadership, and how things should be done. Maybe he was right, maybe I was—only time will tell. But I do not want to live in the past. Now I am here, looking for a new challenge, and an opportunity to help your company to prosper.
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Hint: A degree has never made a good employee of anyone. Nonetheless, HR managers will often inquire about your education, trying to understand your attitude to learning. You should focus on the practical skills and abilities that will help you in your new job. These matter more than the names of degrees and educational institutions—unless you graduated from Harvard or Cambridge, obviously :. I have studied at ABC University. I acquired knowledge of statistics, project management and accounting, beside many other subjects.
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I took part in projects and competitions we had at school. I believe that my education and internship that followed prepared me perfectly for a job in your company. Testing your numerical and verbal abilities, English skills, behavioral tendencies, and other, they get a good picture about your readiness for the job. The only way to prepare for the tests is practicing them in advance. We strongly recommend the following assessment test practice package more than online practice tests from JobTestPrep. Be sure to check it out especially if you apply for a job in a big corporation, because almost all Fortune companies use assessment tests in their interview process… Question no.
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Hint: Employers can read about your experience on your resume. Nevertheless, they want to hear what matters to you, and they want to see your attitude to work. You should pick one or two roles that are most relevant for your current job application, and then you should speak about your duties, achievements, and lessons you learned while having them. If you had just one job in the past, and it was completely irrelevant to the one you try to get, you can at least say that the experience helped you to gain basic working habits, and simply to prepare for an employment in general. I have worked only at Walmart so far. But I learned a lot there, how to approach the customers, how to work with other people. It is not such as easy job as it seems, since the workload is heavy most days. But I do not complain, just I hope to get a better job now, and learn something new again.
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As you can see on my resume, this is my first job application. But I have done some volunteering for Red Cross, and I worked a lot with my father while we were renovating the house. I believe that I know what it means to have a job, and I am eager to finally start working somewhere, after many years of studying, and preparing for employment. Special Tip: Typical job interview is a competitive affair. Corporate jobs with good salaries attract dozens or hundreds of applications. In order to succeed, you have to stand out. The answer I show you here everyone can see—and they are definitely good for a start.
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But if you apply for a decent corporate job, you will face more difficult questions, and you should come up with better answers than your competitors. If you want to do so, you should check out our Interview Success Package. Check the product page for samples and see for yourself… Thank you! Hint: If someone hires you for a job, they will pay you a monthly salary, and they will also pay money to the government—just for having you onboard. Will you become a great investment, an asset for their team, or will they just lose money hiring you? HR managers try to find the answer. This is arguably one of the most difficult questions.
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You should focus on something unique, a value you can bring to their team. Sample answers should give you some inspiration. And when you can not find anything special, you can at least list relevant skills and abilities that make from you a great candidate for the job. I had the very same job with one of your competitors, and I can bring a new perspective to your team. We can talk about things they did better, and I believe my feedback and experience will help to improve your own results. I am young, eager to learn, and motivated to work hard. I have passion for numbers, and I would really enjoy having this job. Hint: Professional interviewers should identify your strengths—without inquiring about them. They get their salary for this capacity. Nevertheless, you can meet a variety of bodies in your interview.
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Sometimes the person leading the meeting can have little or no experience with interviewing people for the job think owners of small business, or HR generalists who are just starting their career. In this case, the question makes at least some sense. You should pick relevant strengths. If possible, you should elaborate on your answer, saying how you demonstrated your strengths in your career, how they helped you in the jobs you had if you had any jobs before. I love to talk to people, and I believe I do understand them well—what they need and desire in their lives. My empathy helped me in my volunteering experience in a nursing home, and I hope to use this strength in my career as a social worker.
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Responsibility is my greatest strength. I consider my job the first priority, and it has never happened to me that I came late to work, or that I did not finalize my tasks in time.
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Simple and Compound Interest-Simple and Compound Interest- Key Notes updated on May Simple and Compound Interest Aptitude basics, practice questions, answers and explanations Prepare for companies tests and interviews Important formula and equations Principal: The money borrowed or lent out for a certain period is called the principal or the sum. Interest: Extra money paid for using other's money is called interest. Simple Interest SI : If the interest on a sum borrowed for certain period is reckoned uniformly, then it is called simple interest.
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Suppose all together the simple interest for t3 years is Rs. A father left a will of Rs. The original amount of Rs. How much did the elder daughter get at the time of the will? What will Rs. A C D 3. A 9 years C 18 years D 33 years 4. The population of a town was three years back. It is right now. What will be the population three years down the line, if the rate of growth of population has been constant over the years and has been compounding annually? A C D 5. A man invests Rs. Find the amount at the end of the third year. A What will be the value of the amount at the end of 3 years? A C Vijay invested Rs. His total income after a year was Rs. For how many years was the sum invested? A 25 years C 33 years and 4 months D Cannot be determined 9. How long will it take for a sum of money to grow from Rs. A 8 years C 72 years D 56 years Find the share of Shyam.
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Practice Test on Simple Interest Math practice test answerz simple interest will help the children to learn how to calculate simple interest, principal, rate, time and amount. Before solving this practice worksheet on simple interest students can review the formula and then solved questions on simple interest. Let's start practicing the different questions given on practice test on simple interest 1. Find the Principal when…. Find the Rate when…. Find the Time when…. At what rate per cent annum will a sum of money double itself in 6 year? Find the difference in the witg paid by them.
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In how much time will S. Questoins the sum and the rate per cent per annum. Find the rate per cent and time if both are numerically equal. Answers for practice test on simple interest are given below to check the exact answers of the above question. Answers: 1.
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They are explained in elaborated manner to get clear subject knowledge. Quantitive Aptitude, and Logical Reasoning Abilities are the important topics explained with solved examples and explainations. Simple Interest pdf free download are very useful in all the kinds of competitive examinations from Clerk level to Officer level. These tests will assess the individual's computational capabilities which are useful in the day to day work in Banks, Insurance Companies, LIC AAO and other government offices.
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