Apti - QA - SI & CI - NA

SIMPLE INTEREST
- KOUSTAV
CONCEPT
1. Joey took a loan from Chandler at the rate of 12% p.a. simple interest. After 3
years he had to pay Rs. 5400 as interest for the period. What was the principal
amount borrowed by Joey?
A) 18000 B) 15000 C) 12000 D) 16000
2. How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest
at the rate of 4.5% p.a. simple interest?
A) 5 years B) 3 years C) 4 years D) 6 years
3. A sum of Rs. 800 amounts to Rs. 920 in 3 years at SI. If the interest rate is
increased by 3% it would amount to how much?
A) 992 B) 800 C) 900 D) 920
4. A certain sum of money in simple interest amounts to Rs. 1008 in 2 years and
to Rs. 1164 in 3 ½ years. Find the sum.
A) 208 B) 900 C) 804 D) 800
5. In how many years will a sum double itself at 12.5% p.a. simple interest?
A) 4 B) 8 C) 10 D) 16
6. A sum becomes 5 times in 20 years at SI. Find rate.
A) 10% B) 25% C) 40% D) 20%
7. Guddu Bhaiya invested 1/3 of his capital at 7%, 1/4 at 8% and the remainder at
10% SI respectively. If his annual income becomes 510, the capital is
A. 6000 B. 5600 C. 5400 D. 6600
8. Find the amount on a sum of Rs.20000 after 3 years if the simple interest rate
offered for the 1st, 2nd and 3rd year were 15%, 10% and 6% respectively.
A. 23818 B. 23000 C. 26200 D. 26818
COMPOUND INTEREST
CONCEPT
9. Find the amount on a sum of 20000 after 3 years if the compound interest
rate offered for the 1st, 2nd and 3rd year was 15%, 10% and 6% respectively.
A. 23818 B. 23000 C. 26200 D. 26818
10. The compound interest on Rs. 30,000 at 7% p.a. is Rs. 4347. The period (in
years) is _______.
A) 3 years B) 4 years C) 2 years D) 1 year
11. What will Rs. 2000 amount to in two years if it is invested in 20% p.a.
compound interest, interest being compounded semiannually?
A) Rs. 2880 B) Rs. 3160 C) Rs. 2928.20 D) Rs. 3148.40
12. Tyrion 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 end of the second year.
A) Rs.6200 B) Rs.6272 C) Rs.6260 D) Rs.6320
13.The difference between the CI and SI on a certain sum at 10% per annum for
2 years is Rs. 631. Find the sum.
A) Rs. 63100 B) Rs. 6310 C) Rs. 63200 D) Rs. 63000
14. Find the compound interest (reckoned yearly) on Rs. 2400 at 10% p.a. for 2
years 4 months.
A) Rs. 3000.80 B) Rs. 400.80 C) Rs. 600.80 D) Rs. 700
15. If the amount becomes 6 ¼ times of the principal after 2 years of CI, the
rate of interest p.a. is
A) 115% B) 150% C) 15% D) 105%
16. The compound interest on a certain sum for 2 years at 10% per annum is Rs.
525. The simple interest on the same sum for double the time at half the rate
percent per annum is
A) 2500 B) 500 C) 1000 D) 400
17. A sum of money at compound interest doubled at a certain rate in 4 years.
In how many years will it become 8 times at the same rate?
A) 24 B) 12 C) 16 D) 18
18. A sum of money was put at SI at a certain rate for 2 years. Had it been at
1% higher rate, it would have fetched Rs. 24 more. Find the sum.
A) Rs. 2400 B) Rs. 1200 C) Rs. 4800 D) Rs. 600
19. There is 60% increase in an amount in 6 years at simple interest. What will
be the compound interest on Rs. 12,000 after 3 years at the same rate?
A) Rs. 2160 B) Rs. 3120 C) Rs. 3972 D) Rs. 6240
20. Find the compound interest on 5000 @ 10% for a period of a year
compounded half yearly?
A. 500 B. 512.5 C. 450 D. 665
EXTRA QUESTIONS:
21. Find the amount due on Rs8000 in 2 years if the rate of compound interest is 10% for the first year
and 12% for the second year.
A. Rs.9716 B. Rs.9856 C. Rs.10156 D. Rs.9756
22. The difference between simple and compound interests compounded annually on a certain sum of
money for 2 years at 4% per annum is Re. 1.The sum (in Rs.) is:
A. 625 B. 630 C. 640 D. 650
23.What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?
A. Rs. 9000.30 B. Rs. 9720 C. Rs. 10123.20 D. Rs. 10483.20
24.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. Rs. 650 B. Rs. 690 C. Rs. 698 D. Rs. 700
25. Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple
interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years
be Rs. 3508, what was the amount invested in Scheme B?
A. Rs. 6400 B. Rs. 6500 C. Rs. 7200 D. Rs. 7500

Apti - QA - SI & CI - NA

Uploaded by

Copyright:

Available Formats

Apti - QA - SI & CI - NA

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Apti - QA - SI & CI - NA

Uploaded by

Copyright:

Available Formats

SIMPLE INTEREST

You might also like