SimpleandCompoundInterest 2ndsession
SimpleandCompoundInterest 2ndsession
ROI=5%;T=3yr
Simple Interest Compound Interest
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QUE.25: Find the Compound Interest If a 4000 is invested at 20%
p.a. for 3 years ?
For 4th year you can take 20% of 72.8% and add it to 72.8% to know the
total interest after 4 years i.e. 72.8%+14.56%= 86.64%
Amount after 4th year= P*186.64
QUE.29:A sum of money amounts to 5070 in 2 years at compounded rate
of interest of 30%. Find the sum of money ?
A sum of money
ao
QUE.29:A sum of money amounts to 5070 in 2 years at compounded rate
of interest of 30%. Find the sum of money ?
1st Year
2nd Year
30%ao
30%+9%
Amount after 1st year= P*1.3
Amount after 2nd year=P*1.3*1.3=P*1.69
Total 69%
P*1.69 = 5070
P= 5070/1.69 = 3,000/-
QUE.30:A sum of money amounts to 10976 in 3 years at compounded rate
of interest of 40%. Find the sum of money ?
QUE.30:A sum of money amounts to 10976 in 3 years at compounded rate
of interest of 40%. Find the sum of money ?
P*2.744=10976 ; P=4000/-
QUE.31:A sum of money amounts to 2 times of itself in 3 years at
compounded rate of interest . In how many year will it become 8 times of
itself ?
QUE.31:A sum of money amounts to 2 times of itself in 3 years at
compounded rate of interest . In how many year will it become 8 times of
itself ?
Principal= P
Principal= P
Principal= P
P 3 year 2.197 P
P 1 Year 1.3 P
Principal= P
QUE.35: A sum of money amounts to 3.375 times of itself in 3 years at
compounded rate of interest . Find the rate of interest?
Principal= P
P 3 year 3.375 P
P 1 Year 1.5 P
Principal= P
P 3 year 3.375 P
P 1 Year 1.5 P
Alternate method.
S.I. C.I Use of multiplying factor
for Successive %age increment
4% of what value is 80 ? 80
*100 = 2000
4
QUE.37: If the difference b/w S.I. and C.I. on a sum of money in 2 year at
30% rate of interest is Rs.72, then find the Principal ?
QUE.37: If the difference b/w S.I. and C.I. on a sum of money in 2 year at
30% rate of interest is Rs.72, then find the Principal ?
Alternate method.
S.I. C.I Use of multiplying factor
for Successive %age increment
Alternate Method.
S.I. C.I Let, Principal = 144
S.I. C.I
If Difference is 1, P=144
1 If Difference is 12, P=144*12
* P = 12
144 =1728
P = 1728
QUE.39: If the difference b/w S.I. and C.I. on a sum of money in 2 year at
7.7 % rate of interest is Rs.8 , then find the Principal ?
QUE.39: If the difference b/w S.I. and C.I. on a sum of money in 2 year at
7.7 % rate of interest is Rs.8 , then find the Principal ?
Alternate Method.
S.I. C.I Let, Principal = 169
S.I. C.I
If Difference is 1, P=169
1 If Difference is 8, P=169*8
*P = 8
169 =1352
P = 169 * 8 = 1352
QUE.40: If the difference b/w S.I. and C.I. on a sum of money in 3 year at 10% rate of
interest is Rs. 248., then find the Principal ?
QUE.40: If the difference b/w S.I. and C.I. on a sum of money in 3 year at 10% rate of
interest is Rs. 248., then find the Principal ?
12.8
12.8% of what value is 2560 ? * P = 2560
100
P = 20000
QUE.42: Find the difference b/w S.I. and C.I. on a sum of money in 3 year at 16.67% rate of
interest if it is given that the 3rd Year C.I. is Rs. 147. Also, find the Principal ?
QUE.42: Find the difference b/w S.I. and C.I. on a sum of money in 3 year at 16.67% rate of
interest if it is given that the 3rd Year C.I. is Rs. 147. Also, find the Principal ?
Alternate method.
S.I. C.I
Let, P=432
S.I C.I
Concept
8000 3years 9261
P=8000; ROI=5%;
If Time=3year
20 1 year 21 Amount =8000*1.05*1.05*1.05
=8000(1.05)3
If time =5 year
1
= 5% Amount=8000(1.05)5
20
Take nth root to know the ROI Per annum
QUE.48. If a sum of money invested at compounded rate of interest amounts to 1.4641 times
of itself in 4 years. Find the rate of interest ?
QUE.47. If a sum of money invested at compounded rate of interest amounts to 1.4641 times
of itself in 4 years. Find the rate of interest ?
Concept
P 4years 1.4641P
P=8000; ROI=5%;
If Time=3year
P 1 year 1.1 Amount =8000*1.05*1.05*1.05
10% =8000(1.05)3
If time =5 year
Amount=8000(1.05)5
Installment paid after 1 year + Interest added for 5 years = Amount at the end of 6 year
Installment paid after 2 year + Interest added for 4 years =Amount at the end of 6 year
Installment paid after 3 year + Interest added for 3 years = Amount at the end of 6 year
And so on
QUE.49 What annual installment will discharge a loan of Rs. 6120 due after 6 yrs, rate of
interest been 11% p.a. simple interest ?
1.55 (I) + 1.44 (I)+ 1.33 (I)+ 1.22 (I)+ 1.11 (I)+ (I) =6120
I= 6120/7.65
I=800
QUE.49: What annual installment will discharge a loan of Rs. 6120 due after 6 yrs, rate of
interest been 11% p.a. simple interest ?
The 1st installment is paid 5 yrs in advance, the 2nd 4 yrs in advance and so on the last
installment is paid on the day the whole sum was supposed to be paid.
Therefore if u assume the installment to be Rs. 100, then @ 11% the interest is to be
charged for 5 + 4 + 3 + 2 + 1 = 15 yrs.
Now apply the chain rule, for 765 the installment is Rs. 100
For 6120 the installment will be how much - 6120 × 100/765 = Rs. 800, which is the
answer.
Que.50: Three equal installments, each of Rs. 648, were paid at the end of the year on
a sum borrowed at 20% compounded annually. Find the sum
Que.50: Three equal installments, each of Rs. 648, were paid at the end of the year on
a sum borrowed at 20% compounded annually. Find the sum
Concept-
= 1365
Que.51: A loan of Rs. 17100 is repaid in 3 annual installments. The 1st
installment is half of the 2nd and one-third of the 3rd. If the interest be 20% p.a.
compounded annually, find the largest of the payments (FMS).
Concept-
Amount= P*1.2*1.2*1.2
P= Amount/(1.2)3
Que.51: A loan of Rs. 17100 is repaid in 3 annual installments. The 1st
installment is half of the 2nd and one-third of the 3rd. If the interest be 20% p.a.
compounded annually, find the largest of the payments (FMS).
A.2.5% B.1.25%
C.12.5% D.6.25%
Que.52: The ratio of amount receivable after two years, when the same
sum of money is kept at the same rate of interest, but one at SI and
other at CI is 80:81. Find the rate of interest.
A.2.5% B.1.25%
C.12.5% D.6.25%
21 41
P* P*
20
Option A- 41 41 Option B- 40
P* * 81 81
40 40 P* *
80 80
5
P*
80
Option C- 4 =
9 9 81
P* *
8 8