HURDLE08 : COMPOUND AND SIMPLE INTEREST
(Solve this Hurdle by 26th Feb)
* Wherever not specified , Compound interest means that it is compounded on yearly basis.
Q1. Which of the following can be true given that Interest rate is greater than or equal to 0.5% and duration is greater than or equal to 1 year.
A) The Compound Interest (Compounded annually) is equal to Simple interest on certain sum. The interest rate is same, the duration is same.
B) The Compound Interest (Compounded annually) on certain sum is less than Simple interest. The CI rate is higher than SI rate, the duration is same. (UrPercentile.com)
C) The Compound Interest (Compounded annually) is higher than Simple interest on certain sum. The CI rate is higher than SI rate, the duration is same.
D) Both A and C
E) A, B and C.
Q2. At what annual interest rate, will the difference between Simple interest and Compound interest for the sum of 15,000 for a period of 2 years be 54.
Q3. The difference in compound interest and Simple interest of a Sum when kept for 2 years at 5% is 25. What is the sum.
Q4. The difference in compound interest (C.I) and Simple interest (S.I) of a Sum when kept for 2 years at 4% is 32. What will be the difference in C.I and S.I if the same sum is kept at 6 % for 2 years.
Q5. At what annual interest rate will be the difference between Simple interest and Compound interest for the sum of 2,000 for a period of 3 years be 62.

Ajay gets a bonus of 5 % of his annual salary. He keeps a part of his bonus at 5 % C.I for two years. If he had kept this part at S.I at the same rate for the same duration he would get Rs 30 less. (UrPercentile.com) He keeps the remaining part at 6 % C.I for 2 years. If he had kept this remaining part S.I for the same duration at the same rate he would get Rs. 108 less.
Q6. How much did he keep at 5 % for 2 years.
Q7. How much did he keep at 6 % for 2 years.
Q8. How much is the total interest he gets after 2 years.
Q9. How much would he get if had kept all his bonus at C.I for 2 years at 10%.
Q10. What is his annual salary.

C.I of a certain sum at 6 % for 2 years is 4,944.
Q11. What is the sum.
Q12. How much interest would one get if the sum is kept at C.I 3 years at 5 %.

Ajay borrows a certain sum from his friend at S.I of 12% for 2 years. (UrPercentile.com) He deposits that sum at C.I at 12 % for 2 years. After 2 years he earns a profit of Rs. 288.
Q13. How much was the sum borrowed?
Q14. What would be his profit he had borrowed double the amount at the same rate for same duration at S.I and had kept the amount at C.I at the same rate for the same duration.

A sum is divided into two equal halves. One half is kept 5 % for S.I for 3 years. (UrPercentile.com) The other half is kept at C.I at 10 % for 3 years . The total interest received is 3848.
Q15. What is the total sum.
Q16. What would be the interest earned if the first half is kept at
C.I and the second half at the S.I with the same rate and time mentioned above. That is first half at C.I at 5 % for 3 years and second half at S.I for 3 years at 10 %.
===============================================
MATCH THE WORDS FROM SET A WITH THEIR MEANING FROM SET B.
SET A
Q17. Incongruity
Q18. Gumption
Q19. Extrude
Q20. Nebula
Q21. Lachrymose
Q22. germane
SET B
A. To drive out or away.
B. lack of harmony, absurdity, not suitable.
C. Presence of mind, the courage to take what action is needed.
D. In conjunction with, to go along well with something.
E. To Export and trade with a one particular body or company only.
F. To eat a lot.
G. A gaseous body of unorganized stellar substance.
H. Causing tears
I. Relevant or pertinent to
J. To cut something with a sharp weapon.
===================================
READING COMPREHENSIVE (RC)
Read the article below and answer the question
mentioned after the passage :
Source: The Hindu
" Language is a vital tool of communication. We are really lucky that we have so many words at our disposal — to explain, to communicate, to define an object or idea.
Did you know that certain people have been responsible for the origin of these words?
We have boycotted many people, objects and events out of disgust and exasperation from our lives.
The word `boycott' owes its origin to Charles C Boycott, an English land agent, who had a thoroughly difficult task of collecting high rent from the Irish farmers.
In protest the farmers ostracised him, not even allowing him to make purchases in town or hire workers to harvest his crops and the word boycott entered into usage to denote ostracism.
The word `silhouette' came into popular usage just before the French Revolution. The then Finance Minister of France, Etienne de Silhouette, advocated a simple life so that excess money could go into the treasury. From then silhouette meant the simplest form of portraiture.
All of us hate to be called sadists, which means one who enjoys inflicting torture on other people. The term sadist was derived from Marquis de Sade an 18th Century Frenchman who found great delight in torturing friends and foes. He shocked everyone by the alarming frankness with which he described his morbid and bloodthirsty cruelty.
From then on anyone inflicting torture on others came to be called a sadist.
More names
In 1868, R.J Lechmere Guppy, president of the Scientific Association of Trinidad sent some specimens of a tiny tropical fish to the British museum. Ever since, fish of this species have been called Guppies.
Jean Martinet was the Inspector General of Infantry during the reign of King Louis XIV — and a stricter, more fanatic drillmaster France had never seen.
It was from this time that the French Army's reputation for discipline dated and it is from the name of this Frenchman that we derive our English word Martinet meaning a strict disciplinarian.
Nicolas Chauvin, soldier of the French Empire, so vociferously and unceasingly aired his veneration of Napoleon Bonaparte that he became the laughing stock of all Europe. Thereafter an exaggerated and blatant patriot was and is still known as a Chauvinist.
Chauvinism, by natural extension applies to blatant veneration of or boastfulness about any other affiliation besides one's country. "
Q23. Who was responsible for the origin of word which is
closest in meaning to the word "Proscribe".
Q24. Who was responsible for the origin of word which is
closest in meaning to the word "Jingo".
