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Compound Interest Previous Year
Compound Interest Previous Year
COMPOUND INTEREST
NATIONALISED BANKS (1) Rs.5,420 (2) Rs.5,360
& IBPS PO/MT/SO (3) Rs.5,280 (4) Rs.5,140
1. Suresh invested a sum of Rs. 15000 at 9 (5) None of these
per cent per annum simple interest and Rs. (Oriental Bank of Commerce
12000 at 8 per cent per annum compound PO Exam. 21.12.2008)
interest for a period of 2 years. What 6. The compound interest accrued on an
amount of interest did Suresh earn in 2 amount of Rs. 25,500 at the end of three
years ? years is Rs. 8,440.5. What would be the
(1) Rs. 4096.60 (2) Rs. 4696.80 simple interest accrued on the same amount
(3) Rs. 4896.60 (4) Rs. 4698.60 at the same rate in the same period ?
(5) None of these (1) Rs. 4,650 (2) Rs. 5,650
(Syndicate Bank PO Exam. 10.10.2004) (3) Rs. 6,650 (4) Rs. 7,650
2. Satish invests Rs. 35,500 in a scheme (5) None of these
which earns him simple interest at the rate (Canara Bank PO Exam. 15.03.2009)
of 15 p.c.p.a. for two years. At the end of 7. What would be the compound interest
two years he reinvests the principal amount obtained on an amount of Rs. 20,000 at the
plus interest earned in another scheme rate of 15 p.c.p.a. after 4 years ?
which earns him compound Interest at the (1) Rs. 14,980.125
rate of 20 p.c.p.a. What will be the total (2) Rs. 19,680.125
interest earned by Satish over the principal (3) Rs. 16,780.125
amount at the end of 5 years ? (4) Rs. 18,980.125
(1) Rs. 30,956.80 (5) None of these
(2) Rs. 35,017.20 (Indian Overseas Bank PO
(3) Rs. 43,597.80 Exam. 05.04.2009)
(4) Rs. 44,247.20 8. Mr. Duggal invested Rs. 20,000 with rate
(5) None of these of interest at 20 p.c.p.a. The interest was
(Union Bank of India PO compounded half yearly for first year and
Exam. 27.11.2005 in the next year it was compounded yearly.
3. The simple interest accrued on an amount What will be the total interest earned at the
of Rs. 14,800 at the end of three years is end of two years ?
Rs. 6,216. What would be the compound (1) Rs. 8,800 (2) Rs. 9,040
interest accrued on the same amount at the (3) Rs. 8,040 (4) Rs. 9,800
same rate in the same period ? (5) None of these
(1) Rs. 6986.1142 (United Bank of India PO
(2) Rs. 7042.2014 Exam. 21.06.2009)
(3) Rs. 7126.8512 9. What will be the compoun d inte rest
(4) Rs. 8321.4166 accrued on an amount. Rs. 10,000 at the
(5) None of these rate of 20 p.c.p.a. in two years if the interest
(Corporation Bank PO is compounded half yearly ?
Exam. 29.07.2006) (1) Rs. 4,400 (2) Rs. 4,600
4. The simple interest accrued on an amount (3) Rs. 4,641 (4) Rs. 4,680
of Rs. 40,000 at the end of three years is (5) None of these
Rs. 12,000. What would be the compound (Andhra Bank PO Exam. 05.07.2009
interest accrued on the same amount at the 10. What would be the compound interest
same rate in the same period ? accrued on an amount of Rs. 7,400 at the
(1) Rs. 18,765 (2) Rs. 15,350 rate of 13.5 p.c.p.a. at the end of two years
(3) Rs. 21,555 (4) Rs. 13,240 ? (rounded off to two digits after decimal)
(5) None of these (1) Rs. 2,136.87
(Andhra Bank PO Exam. 14.09.2008) (2) Rs. 2,306.81
5. The compound interest accrued on an (3) Rs. 2,032.18
amount of Rs. 22,000 at the end of two (4) Rs. 2,132.87
years is Rs. 5,596.8. What would be the (5) None of these
simple interest accrued on the same amount (Indian Bank PO Exam. 17.10.2010)
at the same rate in the same period ?
LEARN MATHS FROM S.K. RAJU (9811549822, 9811649822)
2
11. What would be the compound interest 17. The difference between the amount of
accrued on an amout of Rs. 45,400 at the compound interest and simple interest
end of two years at the rate of 15 p.c.p.a ? accured on an amount of Rs 26000 at the
(1) Rs. 16411.5 (2) Rs. 14461.5 end of 3 years is Rs 2994.134. What is the
(3) Rs. 16461.5 (4) Rs. 14641.5 rate of interest p.c.p.a. ?
(5) None of these (1) 22
(Bank Of India Banking Officer (2) 17
Exam. 24.01.2010) (3) 19
12. Sonika invested an amount of Rs. 5,800 for (4) Cannot be determined
2 years. At what rate of compound interest (5) None of these
will she get an amount of Rs. 594.5 at the (Punjab & Sind Bank PO
end of two years ? Exam. 23.01.2011)
(1) 5 p.c.p.a. (2) 4 p.c.p.a. 18. The simple interest accrued on a sum of
(3) 6 p.c.p.a. (4) 8 p.c.p.a. certain principal is Rs 6500 in eight years
(5) None of these at the rate of 13 per cent per year. What
(Corporation Bank PO would be the compound interest accrued
Exam. 09.05.2010) on that principal at the rate of 8 per cent
13. A man gets a simple interest of Rs. 1,000 per year in 2 years?
on a certain principal at the rate of 5 p.c.p.a. (1) Rs 1040 (2) Rs 1020
in 4 years. What compound interest will (3) Rs 1060 (4) Rs 1200
the man get on twice the principal in two (5) None of these
years at the same rate ? (UCO Bank PO Exam. 30.01.2011)
(1) Rs. 1,050 (2) Rs. 1,005 19. The simple interest accrued on a sum of
(3) Rs. 11,025 (4) Rs. 10,125 certain principal is Rs 7,200 in six years at
(5) None of these the rate of 12 p.c.p.a. What would be the
(Punjab & Sind Bank Exam. compound interest accrued on that principal
16.05.2010) at the rate of 5 p.c.p.a. in 2 years ?
14. What will be the approximate difference (1) Rs 1,020 (2) Rs 1,055
in the simple and compound interest (3) Rs 1,050 (4) Rs 1,025
accrued on an amount of Rs 2600 at the rate (5) None of these
of 15 p.c. p.a. at the end of three years ? (Bank Of Baxoda PO Exam. 13.03.2011)
(1) Rs 167 (2) Rs 194 20. The simple interest accrued on an amount
(3) Rs 202 (4) Rs 172 of Rs 22,500 at the end of four years is Rs
(5) Rs 184 10,800. What would be the compound
(United Bank Of India PO interest accrued on the same amount at the
Exam. 14.11.2010) same rate at the end of two years ?
15. Pamela invested an amount of Rs 35,000 (1) Rs 14,908 (2) Rs 5,724
for two years at the rate of 5 p.c.p.a. What (3) Rs 26,234 (4) Rs 8,568
amount of compound interest would she (5) None of these
receive at the end of two years ? (IBPS Bank PO/MT CWE 18.09.2011)
(1) Rs 3587.50 (2) Rs 3500 21. What is the difference between the simple
(3) Rs 3580.50 (4) Rs 3565.50 and compound interest on Rs 7300 at the
(5) None of these rate of 6 p.c.p.a. in 2 years ?
(PNB Management Trainee (1) Rs 29.37 (2) Rs 26.28
Exam. 28.11.2010) (3) Rs 31.41 (4) Rs 23.22
16. The simple interest accrued on a sum of (5) Rs 21.34
certain principal is Rs 2,000 in five years (IBPS Bank PO/MT CWE 17.06.2012)
at the rate of 4 p.c.p.a. What would be the 22. The compound interest earned on a sum
compound interest accrued on same in 3 years at 15% per annum compounded
principal at same rate in two years ? annually is Rs 6500.52. What is the sum ?
(1) Rs 716 (2) Rs 724 (1) Rs 12480 (2) Rs 10500
(3) Rs 824 (4) Rs 816 (3) Rs 14800 (4) Rs 13620
(5) None of these (5) None of these
(Corporation Bank PO (IBPS Specialist Officer
Exam. 16.01.2011) CWE 17.03.2013)
15000 9 2 SI 100
1. (2) SI = = Rs. 2700 4. (4) Rate =
100 Principal × Time
8
2
12000 100
= = 10%
CI = 12000 100 1
1 40000 3
Rate Time
CI = Principal 1 100 1
2
27
= 12000 25 1
3
10
729 625 = 40000 1 100 1
= 12000
625
3
= 40000 [(1.1) - 1]
104 = 40000 (1.331 - 1)
= 12000 × = Rs. 1996.8
625 = 40000 × 0.331 = Rs. 13240
Total interest earned 5. (3) Let the rate of interest be R% per
= Rs. (2700 + 1996.8) = Rs. 4696.8 annum.
2. (4) Simple interest
R 11 11 4
1+ =
100 10 = 10000 10 1
LEARN MATHS FROM S.K. RAJU (9811549822, 9811649822)
7
121 121 Rate Time
= 10000 1 1
100 100 CI = P 1 100 1
221 21 2
= 10000 × × = Rs.4641 5
100 100 = 10000 1 100 1
T
R
10. (4) C.I. = P 100 1
1
21 2
= 10000 × 20 1
13.5 2
= 7400 1 100 1 41
= 10000 × = Rs. 1025
400
2
= 7400 1.135 1 R
T
= 7400 × 0.288225 = Rs. 2132.87 14. (5) A = P 100 1
1
T
R 3
11. (4) C.I. = P 100 1
1 15
= 2600 1 1
100
2
15
4167
= 45400 100 1
1
= 2600 × = Rs. 1354.275
8000
2 P R T
= 45400 1.15 1 Simple interest =
100
= 45400 × 0.3225 = Rs. 14641.5
T
2600 15 3
R = = Rs. 1170
12. (1) Amount = P 1 100
100 Difference = Rs. (1354.275 - 1170)
2 = Rs. 184.275 Rs 184
R
5800 + 594.5 = 5800 1 15. (1) Compound interest
100 T
R
63945 R
2 = P 100 1
1
= 1
58000 100
2
2 5
441 R 1 1
= 1 = 35000
400 100 100
2
21 R
2 41
= 1 = 35000 × = Rs.3587.5
20 100 400
16. (4) Principal
R 21
1+ = SI 100 2000 100
100 20 = = = Rs 10000
Time × Rate 5 4
1
R= × 100 R
T
20
C.I = P 100 1
1
= 5% per annum.
SI 100 2
13. (5) Principal = 4
Time Rate = 10000 1 100 1
1000 100
= = Rs. 5000
45 26 2
Case II = 10000 25 1
Principal = Rs. 10000
T
784 625
R = 22500
CI = P 100 1
1 625
22500 159
2
= = Rs. 5724
8 625
= 6250 100 1
1
PR2
21. (2) Difference = 2
27 2 100
= 6250 25 1
7300 36
= = Rs. 26.28
10000
729 625 22. (1) Let the principal be Rs. x, then
= 6250
625 3
15 650052
6250 104 x 1 -x=
= = Rs 1040 100 100
625
23 23 23 650052
x× × × - x =
20 20 20 100
S.I × 100
19. (4) Principal = 650052 8000
Time × Rate
12167x - 8000x =
100
7200 100
= = Rs 10000 650052 8000
6 12
x= = 156 × 80
T
100 4167
R
= Rs. 12480
C.I = P 100 1
1
T
R
2
23. (4) C.I. = P 100 1
1
5
= 10000 100 1
1
3
105 105
15 = 8000 × × = Rs.8820
1 1 100 100
6500.52 = P
100 2. (1) Interest is compounded half yearly.
Hence rate of interest
6500.52 = P [1.520875 - 1]
10
6500.52 = = 5%
P= = Rs.12480 2
0.520875
No. of periods = 2
T
R Amount
7. (2) CI = P 100 1
1
2
5
= 15000 1
2 100
8
1414.4 = P 100 1
1 21 21
= 15000 × × = Rs. 16537.50
20 20
1414.4 = P × 0.1664 3. (3) Let the sum be Rs. x. Then,
1414.4 3
P = = Rs. 8500 R
0.1664 x 1 =13380 ...(i)
100
Amount = Rs. (8500 + 1414.4)
= Rs. 9914.40 and,
6
R
RBI GRADE-B OFFICER EXAMS x 1 = 20070 ...(ii)
100
1. (1) If the principal be Rs. P, then
Dividing equation (ii) by (i),
T
R 3
R 20070 3
C.I = P 100 1
1
1 = =
100 13380 2
2 From equation (i),
12
2862 = P 100 1
1
x ×
3
= 13380
2
28 2 2
x = 13380 × = 8920
2862 = P 25 1 3
Hence, the sum is Rs. 8920.
784 625 4. (3) Amount
2862 = P × 625 Time
Rate
= Principal 1
159 100
2862 = P ×
625 1
1
5600 1 10
2
2862 625
P = = Rs. 11250 = Rs. 100
159
INSURANCE EXAMS
1. (5) P = 8000 1
10
t = 2 years 10 2
5600 1 1
r = 5% = Rs. 100 100
t
r
A = P 1
100 11 21
= Rs. 5600 = Rs. 6468
2 10 20
5
= 8000 1 Compound interest
100
= Rs. (6468 - 5600) = Rs. 868
61 106 7.5
3 years =1510 1 - 1500 = Rs 123.25
P= 2 .......(ii) 100
r 300 r
14. (1) Let the value of second rate of interest
From eqs. (i) and (ii), be x% and equal amounts be P each.
20 10 4 61106 6 3
= 5 x
r2
2
r 300 r P × 1 = P × 1
100 100
r = 305 - 300 = 5% 2
5 x
20 10 4
1 = 1 100
From Eq. (i), P = = Rs 8000 100
25
10. (3) Let Shyam’s share = x