SIMPLE INTEREST

&
COMPOUND INTEREST
SESSION BY – ANAND RAO K
 Some other Important Tips
If 𝐴𝑥 and 𝐴𝑦 are the amounts after 𝑥 and 𝑦 years respectively,
at the same rate of interest then,
|𝑨𝒙 − 𝑨𝒚 | gives SI for |𝒙 − 𝒚| years.

Example: At same rate of interest, a sum of money amounts to

Rs.580 and Rs.740 in 3 years and 5 years respectively
Then, 740 − 580 = 160 gives the SI for 5 − 3 = 2 years
160
So, SI for 1 year = = 𝑅𝑠. 80
2
So, SI for 3 years is 3 × 80 = 𝑅𝑠. 240
So, Principle is 580 − 240 = 𝑅𝑠. 340
Question
At what rate will a man get a simple interest of Rs.1071
on a Principal of Rs.2550 in 3 Years?
a. 12%
b. 14%
c. 16%
d. 18%
Question
If the simple interest on a certain sum of money is
4/25 of the sum and the rate per cent equals the
number years, then the rate of interest per annum is:
a. 25%
b. 16%
c. 9%
d. 4%
Question
A sum was put at simple interest at a certain rate for 5
years. Had it been put at 2% higher rate, it would have
fetched Rs.450 more. Find the sum?
a. 4500
b. 3200
c. 3800
d. 4200
Question
Rohan took a loan at simple interest rate of 6% per
annum in the first year and the interest increased by
1.5% every year. If he pays Rs. 8190 as interest at the
end of 3 years, what was his Loan Amount?
a. 36000
b. 36400
c. 36800
d. None
Question
A man took loan from a bank at the rate of 12% p.a.
Simple interest. After 3 years he had to pay Rs.5400
interest only for the period. The principal amount
borrowed by him was?
a. 2000
b. 10000
c. 15000
d. 20000
Question
A sum of Rs.12,500 amounts to Rs.15,500 in 4 years at
the rate of simple interest. What is the rate of interest?
a. 3%
b. 4%
c. 5%
d. 6%
Question
A sum becomes triple in 6 years at S.I. The same sum
will become 19 times in how many years?
a. 50
b. 48
c. 54
d. 57
Question
A sum becomes triple in 20 years at S.I. Find the rate
of interest.
a. 5%
b. 10%
c. 15%
d. 12.5%
Question
A sum becomes triple in 6 years at S.I. The same sum
will become 10 times in how many years?
a. 30
b. 27
c. 18
d. 15
Question
A sum becomes triple in 3 years at C.I. The same sum
will become 9 times in how many years?
a. 6
b. 9
c. 3
d. 12
Question
A sum becomes 6times in 4 years at C.I compounded
annually. The same sum will become 216 times in how
many years?
a. 15
b. 12
c. 9
d. 27
Question
A sum of money at simple interest amounts to Rs.815
in 3 years and to Rs.854 in 4 years. The sum is:
a. 650
b. 690
c. 698
d. 700
Question
A certain sum of money amounts to 704 in 2 years and
800 in 5 years. Find the principal.
a. 580
b. 600
c. 700
d. 640
Question
Find the amount due on Rs. 8000 in 2 years if the rate
of interest is 10% for the first year and 12% for the
second year.

◦Rs 8856
◦Rs 9856
◦Rs 10856
◦None
Question
Find the compound interest on Rs.600 for 2 years at
5% per annum compounded annually.
◦Rs 56.50
◦Rs 61.50
◦Rs 64
◦Rs 56
Question
What will be the compound interest for the sum of
Rs. 8000 after 3 years at the rate of 5% per annum ?

◦Rs 1261
◦Rs 9261
◦Rs1261
◦None
Question
The compound interest on Rs. 30000 at 7% p.a. is Rs.
4347. The time (in years) is ?

◦2 years
◦3 years
◦4 years
◦None
Question
At what percent annual compound interest rate, a sum
of Rs. 1000 amounts to Rs. 27000 in 3 years?

◦200%
◦300%
◦400%
◦None
Question
If the simple interest on a sum of money for 2 years at 5%
p.a. is Rs. 50, what is the compound interest on the same
amount at the same rate of interest and for the same time?

◦Rs 50
◦Rs 551.25
◦Rs 51.25
◦None
Question
A man invests Rs. 5000 for three years at a certain rate of
interest, compounded annually. At the end of one year it
amounts to Rs. 5600. Calculate the amount due at the end
of the second year.

◦Rs 6200
◦Rs 6272
◦Rs 6300
◦None
Question
A man invests Rs. 6500 for 3 years at 4.5% p.a compound
interest, compounded annually. 20% is deducted at the
end of each year from this investment for expenditures.
Find the amount due at the end of the third year.

◦Rs 3797.80
◦Rs 3879.80
◦Rs 3800
◦None
Question
The difference between CI & SI on a certain sum of
money at 10% per annum for 3 years is Rs.620 Find the
principal if it is known that the interest is compounded
annually.
a. Rs. 200000
b. Rs. 20000
c. Rs. 100000
d. Rs. 10000
Question
The difference between the compound and simple
interest on a certain sum at 12% per annum for two
years is Rs. 90. What will be the Principal.
a. Rs.6250
b. Rs.6500
c. Rs.7350
d. Rs.5670
 THANK YOU!
The Master has failed more
number of times than the
beginner has even tried.
Question
What will be the difference between the simple
interest on a principal of Rs.5200 is calculated at 5%
per year for 3 years and 4% per year for 4 years?
Question
Question
Question
Question
Question
Question
Question
Question