SIMPLE AND COMPOUND INTEREST

SIMPLE INTERESTS
1) A sum of Rs.10000 is lent out for 2 years at 5% p.a. find SI
1) 1000 2) 500 3) 750 4) 2000 5) none of these

2) A sum of Rs.6000 is lent out for 3 years at 10% p.a. find SI

1) 1860 2) 1800 3) 1750 4) 1950 5) none of these

3) A sum of Rs 7500 is lent out for 9 months at 6% p.a. find SI.

1) 325.5 2) 352.5 3) 337.5 4) 418.5 5) none of these

4) A sum of Rs 1725 is lent out from May 1st to July 12th at 8% p.a. find interest.
1) 27.6 2) 23.6 3) 24.4 4) 26.4 5) none of these

5) What would be the SI accrued in 4 years on a principal of Rs 16500 at the rate of 16% p.a?
1) 9240 2) 10780 3) 11250 4) 10560 5) none of these

6) The simple interest obtained on a sum of Rs.800 in two years is Rs.96. find the rate of interest.
1) 4% 2) 8% 3) 6% 4) 10% 5) none of these

7) The amount obtained on a certain sum at 12% p.a in 3 years is Rs.9792. find sum.
1) 7200 2) 8000 3) 6400 4) 8800 5) none of these

8) A sum of 16800 is divided into two parts. One part is lent out at SI of 6% p.a and other at 8% p.a. after 2 years
total sum received is Rs 19000. The sum let out at 6% of SI is.
1) 12200 2) 13200 3) 11100 4) 10100 5) none of these

9) In what time will the SI on certain sum become 0.125 times of the principal at 10% per annum?
1) 11/4 years 2) 21/2 years 3) 11/3 years 4) 21/3 years 5) none of these

10) The SI accrued in 2 years on a principal of 24000 is one eighth of the principal. What is the rate of SI % p.a?
1) 6.66% 2) 8.33% 3) 7.14% 4) 6.25% 5) none of these

11) Ramesh took loan at SI at the rate of 6% p.a in the 1st year and it increased by 1.5% p.a every year. If he pays
Rs 8190 as a interest at the end of 3 years, what was his loan amount?
1) 36400 2) 38600 3) 35500 4) 32800 5) none of these

12) Ramesh invested certain sum at 5% SI and another sum at 6% SI and earned Rs.1220 totally as interest for
one year. If however had he invested the 1st sum at 6% and 2nd at 5% he would have earned Rs 20 less. What is
the 2nd sum?
1) 11000 2) 12000 3) 13000 4) 10000 5) none of these

13) A sum of Rs 2600 is lent out in two parts in such a way that the interest on one part at 10% p.a for 5 years is
equal to that on another part at 9% for 6 years. Find the second sum.
1) 1350 2) 1250 3) 1540 4) 1450 5) none of these

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14) A sum of Rs.6500 is lent out in two parts in such a way that the interest on one part at 10% p.a for 5 years is
Rs.530 less than another part at 8% for 5 years. Find the first sum.
1) 2100 2) 2500 3) 2300 4) 2800 5) none of these

15) A certain sum at SI doubles itself in 5 years. In how many years will it be 5 times itself?
1) 20 years 2) 25 years 3) 15 years 4) cannot be determined 5) none of these

16) A certain sum at SI doubles itself in 3 years. In how many years will it be 4 times itself?
1) 20 years 2) 25 years 3) 9 years 4) cannot be determined 5) none of these

17) A certain sum at SI doubles itself in 5 years. What is the rate of interest per annum?
1) 5% 2) 25% 3) 20% 4) 10% 5) none of these

18) A certain sum at SI doubles itself in 4 years. What is the rate of interest per annum?
1) 5% 2) 25% 3) 20% 4) 10% 5) none of these

COMPOUND INTERESTS

19) Find interest on sum Rs 15000 compounded annually for 2 years at 10% p.a.
1) 3150 2) 3200 3) 3500 4) 3750 5) none of these

20) Find interest on sum Rs 15000 compounded biannually for 1 year at 10% p.a.
1) 1627.5 2) 1758.5 3) 1464.5 4) 1537.5 5) none of these

21) Find interest on sum Rs 33000 compounded quarterly for 6 months at 12% p.a.
1) 2100.8 2) 1987.5 3) 2009.7 4) 2209.7 5) none of these

22) The CI accrued in 2 years on a principal of Rs 15800 is Rs 7716.72. What is the rate of interest p.a?
1) 11% 2) 22% 3) 19% 4) 18% 5) none of these

23) What approximate amount of CI can be obtained on an amount of Rs 4890 at the rate of 5% at the end of 3
years?
1) 860 2) 760 3) 840 4) 770 5) none of these

24) The SI on an amount of Rs 22500 at the end of 4 years is 10800. What would be the compound interest on
the same amount at same rate at the end of 2 years?
1) 5680 2) 5724 3) 5484 4) 4764 5) none of these

25) The SI accrued on a sum of certain principal in 8 years at the rate of 13% per year is Rs 6500. What would be
the CI accrued on that principal at the rate of 8% per year in 2 years?
1) 1050 2) 960 3) 980 4) 1040 5) none of these

26) What is the difference between SI and CI on Rs 7300 at the rate of 6% p.a in two years?
1) 24.48 2) 26.28 3) 28.64 4) 22.76 5) none of these

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27) The between SI and CI on a certain is 15 at 5%p.a in two years. Find the sum.
1) 6000 2) 7200 3) 5400 4) 5800 5) none of these

28) A certain sum at CI doubles itself in 3 years. In how many years will it be 4 times itself?
1) 6 years 2) 12 years 3) 18 years 4) cannot be determined 5) none of these

29) A certain sum at CI doubles itself in 4 years. In how many years will it be 8 times itself?
1)12 years 2) 8 years 3) 15 years 4) 10 years 5) none of these

30) A certain sum at CI doubles itself in 5 years. In how many years will it be 32 times itself?
1) 20 years 2) 25 years 3) 15 years 4) cannot be determined 5) none of these

31) A certain sum at CI doubles itself in 6 years. In how many years will it be 64 times itself?
1) 20 years 2) 36 years 3) 24 years 4) cannot be determined 5) none of these

KEY ANSWERS:

1.A 2.B 3.C 4.E 5.D 6.C 7.A 8.A

9.A 10.D 11.A 12.A 13.A 14.C 15.A 16.C
17.C 18.B 19.A 20.D 21.C 22.B 23.D 24.B
25.D 26.B 27.A 28.A 29.A 30.B 31.B

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