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)