Compound Interest (Without Formulas)

Q1) Calculate the difference between CI and SI on Rs 4000 at 8% pa in 2 yrs.

Q2) During every financial year, the value of a machine depreciates by 10%. Find
original value (cost) of a machine which depreciates by Rs 2250 during the second
year.

Q3) Find the sum invested at 10% compounded annually on which the interest for the
first year plus the interest for the third year amounts to Rs 1768.

Q4) The simple interest on a certain sum computes to Rs 600 in 3 years and the

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compound interest on the same sum at the same rate for 2 years computes to Rs 410.
Find the rate percent.

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Q5) A sum of money at CI amounts to Rs 8100 in 5 yrs and Rs 8748 in 6 yrs. Find: (i)
rate percent, (ii) amount in 7 yrs, (iii) amount in 4 yrs
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Q6) A man borrows Rs 10000 at 10 % CI compounded yearly. At the end of each year,
he pays back 30% of the sum borrowed. How much money is left unpaid just after the
second year?
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Q7) On a certain sum of money lent out at CI interest for first, second and third years
are Rs 1500, 1725 and 2070 respectively. Find the rate of interest for the (i) second
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year, (ii) third year

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Answers:
Ans 1 - Rs 25.60
Ans 2 - Rs 25000
Ans 3 - Rs 8000
Ans 4 - 5%
Ans 5 - 8%, 9447.84, 7500
Ans 6 - 5800
Ans 7 - 15%, 20%
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