SIMPLE INTEREST AND COMPOUND INTEREST

QUESTIONS

QUES 1: A sum of money becomes three times in 12 years. Find the rate of interest?

(i)                 16.67%            (ii)       12.5%  (iii)       20%     (iv)       25%     (v) None of these

QUES 2: Find the simple interest on Rs.2600 for 3.5years at 7% P.A.?

(i)                  673     (ii)       642      (iii)       624      (iv)       637      (v) None of these

     

QUES 3: In what time will Rs. 4500 amounts to Rs. 5512.50 at 5% P.A. simple interest?

(i)                 4 Years            (ii)    4.5 Years            (iii)       5 Years            (iv)    5.5 Years (v) None of these

QUES 4:  The simple interest on a sum of money is 81% of principal. Find the rate of interest and

                 time if both are numerically equal?

(i)                 4.5         (ii)           8       (iii)          9        (iv)       12           (v) None of these

QUES 5: If a sum of money becomes 5 times in 4 years. In how many years it will becomes 7 times at

               simple interest?

(i)                 8 Years            (ii)    6 Years   (iii)     12 Years (iv)    24 Years (v) None of these

QUES 6: A certain sum of money amount to Rs. 950 in 3.5 years and Rs. 1148 in 6.25 years. Find the

               sum of money?

(i)                 706       (ii)  702             (iii)       652       (iv)  698            (v) None of these

QUES 7: A lends a certain sum to B at 7.5% P.A. for 4 years. B lends the same sum to C at 12.5%

               P.A. The gain of B in this transaction is Rs. 1235. Find the amount which A lends to B ?

(i)                 6000    (ii)       6200    (iii)       6175    (iv)       6450    (v) None of these

QUES 8: A sum of Rs. 12000 invested in two parts one at 5.5% P.A. and other at 7.5% P.A. for 3

               years. After 3 years the combined interest earned from 2 parts is Rs. 2280. Find the amount

               invested at 5.5% P.A.?

(i)                 7000    (ii)       7500    (iii)       5000    (iv)       4000    (v) None of these

QUES 9: A certain sum of money invested at 4.6% P.A. for 2 years. If the amount invested at 3.2%

              P.A. Rs. 196 receives less as an interest. Find the principal?

(i)                 6800    (ii)       7000    (iii)       7300    (iv)       7500    (v) None of these

QUES 10: A sum at simple interest 20% P.A. amount to Rs. 3200 after 3 years. Find the principal?

(i)                 2500    (ii)       2000    (iii)       2200    (iv)       1800    (v) None of these

QUES 11: Find the compound interest on Rs.200 for 2years at 5% P.A.?

(i)                 22.05   (ii)       20.50   (iii)       22        (iv)       20        (v) None of these

      

QUES 12: Find the compound interest on Rs.4000 for 3years at 5% P.A.?

(i)                        630.50      (ii)       603.50 (iii)       630.05 (iv)       633      (v) None of these

      

QUES 13: In what time will Rs. 1600 amounts to Rs. 2116 at 15% P.A. compound interest?

(i)                 1.5 Years         (ii)    6 Years   (iii)     2 Years (iv)    4 Years (v) None of these

QUES 14: A sum of Rs. 400 becomes Rs. 441 in 2 years. Find the rate of interest?

(i)                 2%       (ii)       3%       (iii)       5%       (iv)       4.5%    (v) None of these

       

QUES 15: A sum of Rs. 31250 becomes Rs. 35152 in 3 years. Find the rate of interest?

(i)                 2.5%    (ii)       4%       (iii)       5%       (iv)       4.5%    (v) None of these

QUES 16: Difference between compound interest and simple interest of sum of money invested at

                 5% P.A. for 3 years is Rs. 61. Find the sum of money?

(i)                 5750    (ii)       8000    (iii)       7500    (iv)       7000    (v) None of these

QUES 17: A sum of money becomes 4 times in 3 years at compound interest. In how many years will

                 it amount to 64 times itself?

(i)                 15 Years          (ii)    6 Years   (iii)     9 Years (iv)    4 Years (v) None of these

    

QUES 18: At what rate percent at compound interest does a sum of money becomes nine times in 2

                 years ?

(i)                 100%   (ii)       50%     (iii)       200%   (iv)       150%   (v) None of these

QUES 19: Difference between compound interest and simple interest of sum of money invested at

                15% P.A. for 2 years is Rs. 2.25. Find the sum of money?     

(i)                 100   (ii)  225   (iii)   150   (iv)   125   (v) None of these

QUES 20: Difference between compound interest and simple interest of sum of money invested at 7%

                 P.A. for 3 years is Rs. 150.43. Find the sum of money?

(i)                 10000  (ii)       1000    (iii)       9500    (iv)       11000  (v) None of these

QUES 21: A certain sum of money becomes Rs.19360 in 2 years and Rs. 21296 in 3 years. Find the

                 rate of compound interest?

(i)                 14%   (ii)   12%   (iii)   15%  (iv)   10%                (v) None of these

QUES 22: Find the compound interest on Rs.15000 for 2years at 12% P.A.?

(i)                 3618   (ii)   3816   (iii)   3186   (iv)   3016       (v) None of these

QUES 23: What is the difference between compound interest and simple interest on Rs. 4000 at 7%

                 P.A. in 2 years?

(i)                 19.6     (ii)       16.9     (iii)       20.6     (iv)       18.6     (v) None of these

QUES 24: Find the compound interest on Rs.16000 for 3years at 5% P.A.?

(i)                 2252    (ii)       2225    (iii)       2522    (iv)       2155    (v) None of these

QUES 25: What is the difference between compound interest and simple interest on Rs. 6000 at 4%

                 P.A. in 3 years?

(i)                 29.814 (ii)       19.184 (iii)       19.841 (iv)       29.184 (v) None of these

ANSWERS

Question	Answer	Question	Answer	Question	Answer	Question	Answer	Question	Answer
1	(i)	6	(iv)	11	(ii)	16	(ii)	21	(iv)
2	(iv)	7	(iii)	12	(i)	17	(iii)	22	(ii)
3	(ii)	8	(i)	13	(iii)	18	(iii)	23	(i)
4	(iii)	9	(ii)	14	(iii)	19	(i)	24	(iii)
5	(ii)	10	(ii)	15	(ii)	20	(i)	25	(iv)

PROFIT AND LOSS

QUESTIONS

      QUES 1: If the cost price of 8 tables is equal to the selling price of 12 tables, what is the approximate

                     percentage loss in the transaction?

(i)                 33%     (ii)       35%     (iii)       32%     (iv)       50%     (v) None of these

      

      QUES 2: An article is marked for sale at Rs. 504. The shopkeeper gives a discount of 5% on the sale

                     price and still earns a profit of 20%. What would be the purchase price of the article?

(i)                  399     (ii)       405      (iii)       403      (iv)       400      (v) None of these

       

      QUES 3: A wholesaler charges the price of 27 pens for 30 pens from a retailer. The retailer sells

                     them at the marked price. Find his gain percent?

(i)                 12%     (ii)       18%     (iii)       18.5%  (iv)       11.11%            (v) None of these

      QUES 4:  If the selling price of 5 pencils is equal to the cost price of 4 pencils, what is the

                      percentage loss/gain in the transaction?

(i)                 10% Profit    (ii)  20% Loss   (iii)   25% Loss   (iv)   45% Profit   (v) None of these

      QUES 5: Pramod bought a bag for Rs. 1480 and sold it for Rs. 2072. What was his percentage profit?

(i)                 10%     (ii)       20%     (iii)       40%     (iv)       50%     (v) None of these

      QUES 6: After giving 25% discount on the entry ticket, the number of visitors increased by 30%.

                     What will be its impact on the entry of other days?

(i)                 2.5% Decrease  (ii)  2.5% Increase  (iii)  2% Decrease  (iv)  2% Increase  (v) None of these

      QUES 7: 50gm rice cost Rs. 6.65. What is the cost price of 1.5 kg rice?

(i)                 399.5   (ii)       199      (iii)       399      (iv)       199.5   (v) None of these

      QUES 8: The owner of a furniture shop charges his customers 15% more than the cost price. If a

                     customer paid Rs.9039 for a sofa set, then what is the cost price of the sofa set?

(i)                 7680    (ii)       7860    (iii)       7880    (iv)       7660    (v) None of these

      

      QUES 9: A shopkeeper sells an audio set on discount of 8% of printed price and gains 25%. If print

                     price was Rs. 20,000. Then, what was the cost price?

(i)                 13800  (ii)       14720  (iii)       14800  (iv)       13720  (v) None of these

     

      QUES 10: Ram bought a radio for Rs. 950 and spent Rs. 300 for maintenance. At what price should

                      he sell it to make 30% profit?

(i)                 1650    (ii)       1550    (iii)       1525    (iv)       1625    (v) None of these

      QUES 11: The shopkeeper charges 25%more than the cost price. If a customer paid Rs. 11500 for a

                       television set. Then, what was the cost price of television set?

(i)                 9200    (ii)       7200    (iii)       8600    (iv)       9800    (v) None of these

      

      QUES 12: A person subscribing a magazine on annually basis for Rs. 1785. If the monthly

                       subscription is Rs. 175. How much discount does a yearly subscriber get?

(i)                        18%          (ii)       11%     (iii)       13%     (iv)       15%     (v) None of these

      

      QUES 13: The selling price of 30 items is equal to the cost price of 25 items, what is the

                       percentage loss/gain in the transaction?

(i)                 16.67%            (ii)       14%     (iii)       15%     (iv)       20%     (v) None of these

      QUES 14: Rahul purchased a mobile phone and got a discount of 5% from dealer. He sold that

                       mobile phone at a profit of 10% on his purchase price. What is his percentage profit on

                      actual price of the mobile phone?

(i)                 2%       (ii)       3%       (iii)       5%       (iv)       4.5%    (v) None of these

      

      QUES 15: Aman sold two television for Rs. 46,000 each. If he gains 10% on the first and losses 10%

                      on another, then what is his gain/loss% in this transaction?

(i)                 10% Loss   (ii)   10% Profit   (iii)   1% Loss   (iv)   1% Profit  (v) None of these

      

      QUES 16: The owner of a shop charges his customer 44% more than the cost price. If a customer

                       paid Rs. 648 for one wallet, then what was the cost price of the wallet?

(i)                 575      (ii)       435      (iii)       450      (iv)       515      (v) None of these

      QUES 17: A shopkeeper sold a watch for Rs. 5076 at the loss of 6%. What is the cost price of the

                       watch?

(i)                 5200    (ii)       5600    (iii)       5400    (iv)       4752    (v) None of these

      

      QUES 18: A shopkeeper declares that he sells rice at the cost price. However he uses a weight of

                       425gm instead of 500 gms. What is his profit percentage?

(i)                 17.65%            (ii)       15%     (iii)       23.53%            (iv)       20%     (v) None of these

      QUES 19: A tradesman mark his goods 30% above cost price. If he allows a discount of 6.25%, then

                       what is his gain%?

(i)                 20.875%   (ii)   21.875%   (iii)   22.875%   (iv)   23.5%   (v) None of these

      QUES 20: The profit earned after selling a wrist watch for Rs. 4080 is the same as loss incurred after

                       selling the same wrist watch for Rs. 3650. What is the cost price of the wrist watch?

(i)                 3785    (ii)       3800    (iii)       3775    (iv)       3865    (v) None of these

       QUES 21: Neha purchased a music system for Rs. 11,250 after getting discount of 10% on the labeled

                        price. He spent Rs. 150 on transport and Rs. 800 on installation. At what price should it be

                       sold so that the profit earned would have been 15%, if no discount was offered?

(i)                 12937.5   (ii)   14030   (iii)   15467.5   (iv)   13450   (v) None of these

       QUES 22: A man purchase 12 articles for Rs. 10 and sell 5 for Rs. 6. Find his gain/loss percent?

(i)                 40% Loss   (ii)   40% Profit   (iii)   30% Loss   (iv)   42% Profit          (v) None of these

       QUES 23: Raman sold a watch at 12% loss to Brajesh. Brajesh sold it to Madhuri at 10% profit. She

                        sold it to Jayanti at 15% loss. If Jayanti pays Rs. 822.80 for it. Then, what was the cost price

                        for Raman?

(i)                 990      (ii)       1000    (iii)       1075    (iv)       875      (v) None of these

       QUES 24: A man sold an article at a loss of 18%. Had he been able to sell it at a gain of 17%, it would

                         have fetched Rs. 70 more then it did. What was the cost price?

(i)                 180      (ii)       200      (iii)       230      (iv)       215      (v) None of these

       QUES 25: A book is sold for Rs.250 at a profit of 25%. At what price must he sell it to loss 20%?

(i)                 175      (ii)       190      (iii)       160      (iv)       225      (v) None of these

       QUES 26: A reduction of 10% in the price of rice enables a person to obtain 5 kg more for Rs.450.

                       What is the reduced price per kg?

(i)                 10.75   (ii)       9.5       (iii)       9          (iv)       8.5       (v) None of these

       QUES 27: An increment of 20% in the price of oranges enables a person to obtain 2 dozen less for

                        Rs.145. What is the increased price per dozen?

(i)                 13        (ii)       13.75   (iii)       14.5     (iv)       14.80   (v) None of these

       QUES 28: A trader bought a car at 20% discount on its original price. He sold it at 40% increased on

                        the price he bought it. What Percent of profit did he make on the original price?

(i)                 68%     (ii)       12%     (iii)       20%     (iv)       15%     (v) None of these

       QUES 29: Two cows are sold at Rs.4675 each. The first one at 15% profit and the second one at 15%

                        loss. Find the profit/loss percent?

(i)                 2.25% Loss   (ii)   2.25% Profit   (iii)   3% Loss   (iv)   3% Profit        (v) None of these

       QUES 30: A dealer sells a table for Rs.400, making a profit of 25%. He sells another table at a loss of

                       10% and on the whole he makes neither profit nor loss. What did the second table cost

                        him?

(i)                 750      (ii)       800      (iii)       400      (iv)       700      (v) None of these

       ANSWERS:

Question	Answer	Question	Answer	Question	Answer
1	(i)	11	(i)	21	(iii)
2	(i)	12	(iv)	22	(ii)
3	(iv)	13	(i)	23	(ii)
4	(ii)	14	(iv)	24	(ii)
5	(iii)	15	(iii)	25	(iii)
6	(i)	16	(iii)	26	(iii)
7	(iv)	17	(iii)	27	(iii)
8	(ii)	18	(i)	28	(ii)
9	(ii)	19	(ii)	29	(i)
10	(iv)	20	(iv)	30	(ii)

                                                                                             

                                                                                                             RUCHI JAIN