Winmeen VAO Mission 100 2018

Simple and Compound Interest

1. What sum of money will amount to Rs.2,704 in 2years at 4% Compound
interest?
a. Rs.2000 b. Rs.2200 c. Rs.2500 d. Rs.1800
Answer: c

2. The C.I on a sum of money for 2 years at 10% is Rs.168. Find the
simple interest.
a. Rs.150 b. Rs.158 c. Rs.160 d. Rs.164
Answer: c

3. In how many years will a sum of Rs.1,000 becomes Rs.1,331 at 10% per
annum compounded annually?
a. 3 yrs b. 2 yrs c. 4 yrs d. 5 yrs
Answer: a

4. A sum of money at simple interest amounts to Rs.815 in 3years and to

Rs.854 in 4 years. Find the sum.
a. Rs.650 b. Rs.690 c. Rs.698 d. Rs.700
Answer: c

5. What will be the simple interest earned on an amount of Rs.16,800 in 9

months at the rate of 6 1/4 % p.a?
a. Rs.697.75 b. Rs.787.50 c. Rs.567.30 d. Rs.897.60
Answer: b

6. What will be the compound interest on a sum of Rs.25,000 after 3 years

at the rate 12p.c per annum?
a. Rs.20,000 b. Rs.12,800.20 c. Rs.10,123.20 d. Rs.10,000

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 Winmeen VAO Mission 100 2018
Answer: c

7. At what rate of compound interest per annum will a sum of Rs.1,200

become Rs.1348.32 in 2 years
a. 6% b. 6.5% c. 7% d. 7.5%
Answer: a

8. The simple interest on Rs.7,500 at 6% per annum for 8years is a.

Rs.4,200 b. Rs.3,600 c. Rs.2,800 d. Rs.3,400
Answer: b

9. Find the simple interest on Rs.8000 at 7% per annum for 1year 6

months.
a. Rs.730 b. Rs.800 c. Rs.840 d. Rs.715
Answer: c

10. Find the simple interest on Rs.1000 from April9, 2010 to June 9,
2010 at 7 1/2 % per annum.
a. Rs.12.74 b. Rs.12.50 c. Rs.13.07 d. Rs.13.50
Answer: a

11. A bank gives 6% SI on deposits. Find the amount to be deposited to

earn an interest of Rs.45 in one year.
a. Rs.450 b. Rs.750 c. Rs.1000 d. Rs.800
Answer: b

12. Find the rate of interest at which, a sum of money becomes 9/4 times
in 2years.
a. 69 1/2 % b. 67 1/2 % c. 62 1/2 % d. 61 1/2 %
Answer: c

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 Winmeen VAO Mission 100 2018
13. Simple interest on Rs.1000 at 10% for 2years is
a. Rs.1000 b. Rs.200 c. Rs.100 d. Rs.2000
Answer: b

14. Find the rate percent at which a sum of money becomes 7/6 times in
3 years?
a. 12% b. 5 5/9 % c. 6 5/9 % d. 24%
Answer: b

15. In how many years will a sum of money double itself at 12% per
annum?
a. 4 years 2 months b. 5 years 6 months c. 8 years 4 months d. 9 years 2
months
Answer: c

16. How much time will it take for an amount Rs.2,000 to double at a
simple interest rate 8%?
a. 25.5 years b. 10.5 years c. 8.5 years d. 12.5 years
Answer: d

17. A sum of money triples itself at 8% per annum over a certain time.
Find the no. of years
a. 25 years b. 20 years c. 30 years d. 15 years
Answer: a

18. The difference in compound interest and simple interest on a certain

amount at 10% per annum at the end of the third year is Rs.930. The
principal amount is
a. Rs.20,000 b. Rs.25,000 c. Rs.30,000 d. Rs.30,500
Answer: c

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 Winmeen VAO Mission 100 2018
19. The difference between compound interest and simple interest on an
amount of Rs.15,000 for 2 years is Rs.96, then the rate of interest per
annum is
a. 12 b. 8 c. 6 d. 10
Answer: b

20. If the difference between simple interest and compound interest on a

certain sum for 3 years at 10% per annum is Rs.31, find the sum.
a. Rs.3,000 b. Rs.3,100 c. Rs.1,000 d. Rs.2,000
Answer: c

21. Find the difference between simple interest and compound interest
for a sum of Rs.8000 lent at 10% p.a in 2years
a. 90 b. 100 c. 80 d. 70
Answer: c

22. The difference between simple and compound interest for a sum of Rs.
12,00 lent at 10% per annum in 2years is,
a. Rs.80 b. Rs.90 c. Rs.120 d. Rs.100
Answer: c

23. What will be the difference between simple and compound interest at
10% per annum on a sum of Rs.1000 after 4years?
a. Rs.32.10 b. Rs.64.10 c. Rs.65.20 d. Rs.66.45
Answer: b

24. The difference between simple interest and compound interest for two
years on a sum of money lent at 4% is Rs.4.80. Find the sum.
a. Rs.120 b. Rs.3000 c. Rs.3010 d. Rs.768
Answer: b

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 Winmeen VAO Mission 100 2018
25. A sum of Rs. 1,550 was lent partly at 5% and partly at 8% per annum
at simple interest. The total interest received after 3 years was Rs.300.
The ratio of the money lent at 5% to that lent at 8% is
a. 5:8 b. 8:5 c. 16:15 d. 31:6
Answer: c

26. A sum of Rs.800 amounts to Rs.920 in 3years at a simple interest. If

the interest rate is increased by 3%. What would Rs.800 amount to?
a. 950 b. 970 c. 992 d. 1000
Answer: c

27. If A lends Rs.3,500 to B at 10% per annum in simple interest, and B

lends the same to C at 11.5% per annum in simple interest, then find the
gain of B in a period of 3years.
a. Rs.154.50 b. Rs.155.50 c. Rs.156.50 d. Rs.157.50
Answer: d

28. A person invests a total of Rs.2,600 in three different investment

plans which gives the return at 4%, 6% and 8% simple interest. At the
end of a year, if the interest got in all the three plans are the same the
money he invested in the first plan (which gives 4% interest) is
a. Rs.200 b. Rs.600 c. Rs.800 d. Rs.1200
Answer: d

29. If the rate of simple interest is 12% per annum, find the amount that
would get interest of Rs.6000 per annum.
a. Rs.82,000 b. Rs.50,000 c. Rs.72000 d. Rs.45,000
Answer: b

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 Winmeen VAO Mission 100 2018
30. The sum that will give Rs.1 as simple interest per day at 5% per
annum is
a. Rs.3650 b. Rs.36,500 c. Rs.730 d Rs.7300
Answer: d

31. Find the principal that yield a compound interest of Rs.1632 in

2years at 4% rate of interest per annum.
a. Rs.10000 b. Rs.20000 c. Rs.30000 d. Rs.40000
Answer: b

32. The present worth of Rs.242 due in 2years at 10% per annum
compound interest is
a. Rs.200 b. Rs.225 c.Rs.260 d.Rs.190
Answer: a

33. The compound interest on Rs.30000 at 7% per annum for certain

period is Rs.4347. The period is
a. 4 years b. 3 years c. 2.5 years d. 2 years
Answer: d

34. In what time will Rs.1000 become Rs.1331 at 10% per annum
compounded annually?
a. -2 b. 3 c. 4 d. none of these
Answer: b

35. At what rate of compound interest per annum will a sum of Rs.1200
become Rs.1348.32 in 2years? a. 6.5% b. 7% c. 8% d. 6%
Answer: d

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 Winmeen VAO Mission 100 2018
36. A certain sum amounts to Rs.800 in 3years and Rs.840 in 4years in
compound interest. The rate of interest per annum is
a. 2 1 2 % b. 4% c. 5% d. 6%
Answer: c

37. Alex invested an amount of Rs.8000 in a fixed deposit scheme for

2years at compound interest rate 5% per annum. How much amount will
Alex get on maturity of the fixed deposit?
a. Rs.8600 b. Rs.8620 c. Rs.8820 d. Rs.8840
Answer: c

38. The difference between the compound interest and simple interest on
a certain sum at 8% per annum for 2years is Rs.240. Find the sum
a. Rs.35,000 b. Rs.35,700 c. Rs.37,500 d. Rs.40,000
Answer: c

39. The difference between simple interest and compound interest on

Rs.500 for 1year at 12.5% per annum is
a. Rs.15 b. Rs.15.50 c. Rs.50 d. Rs.0
Answer: d

40. The difference between the compound and the simple interest
occurred as an amount of Rs.18000 in 2 years was Rs.405. What was the
rate of interest per annum?
a. 10% b. 12% c. 15% d. 9%
Answer: c

41. The difference between simple and compound interest for a sum of
Rs.5000 lent at 12% per annum in 2yrs is
a. Rs.720 b. Rs.12 c. Rs.72 d. Rs.700

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Answer: c

42. A sum at compound interest doubles itself in 15years. In how much

years will it become 8 times?
a. 20 b. 25 c. 35 d. 45
Answer: d

43. A sum of money becomes 27times in 45years at compound interest. In

how many years it becomes 9times?
a. 10yrs b. 15yrs c. 30yrs d. 25yrs
Answer: c

44. A sum of money doubles itself at 6 1/4 % per annum over a certain
time. Find the number of years.
a. 16 b. 14 c. 20 d. none of these
Answer: a

45. A certain sum of money lent out at simple interest basis amounts to
Rs.660 in 3years and Rs.720 in 5years. The sum lent is
a. Rs.570 b. Rs.600 c. Rs.540 d. Rs.525
Answer: a

46. At simple interest Rs.1000 becomes Rs.1150 in 3years. If the interest

rate is increased by 3% then the total amount is
a. Rs.1400 b. Rs.1300 c. Rs.1140 d. Rs.1240
Answer: d

47. A debt of Rs.1640 due in 2years at the rate of 5%. Compound interest
is paid in two equal annual installments. Find the installment amount?
a. Rs.810 b. Rs.882 c. Rs.1000 d. Rs.820

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Answer: b

48. If Ram needs Rs.6,00,000 after 10years how much should he invest
now in a bank of the bank pays 20% interest per annum?
a. Rs.2,50,000 b. Rs.3,00,000 c. Rs.2,00,000 d. Rs.4,00,000
Answer: c

49. Imran deposits Rs.400 per month in a post office as R.D for 2years. If
the rate of interest is 12% find the amount he will receive at the end of
2years.
a. Rs.12,800 b. Rs.10,000 c. Rs.12,000 d. Rs.10,800
Answer: d

50. How long will it take a sum of money invested at 12.5% p.a SI to
increase its value by 50%?
a. 5yrs b. 3yrs c. 2yrs d. 4yrs
Answer: d

51. The compound interest on Rs.30,000 at 7% per annum is Rs.4347.

The period in years is
a. 2 b. 2.5 c. 3 d. 4
Answer: a

52. If the C.I on a certain sum for 3years at 10% per annum be Rs.331.
What would be the simple interest?
a. Rs.3000 b. Rs.300 c. Rs.30 d. Rs.30000
Answer: b

53. A sum of money at compound interest amounts to Rs.672 in 2years

and 714 in 3years. The rate of interest is

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 Winmeen VAO Mission 100 2018
a. 5% b. 3.5% c. 6 1/4 % d. 7.5% Answer: c

54. A sum of money amounts to Rs.8,400 in 5years and to Rs.9360 in

7years at simple interest. Find the sum and the rate of interest.
a. 5000, 7% b. 8000, 8% c. 6000, 9% d. 6000, 8%
Answer: d

55. If the simple interest for an amount at 4% per annum for 3years is
Rs.1200. Find the compound interest at the same rate for the same
amount for 2years.
a. Rs.10,116 b. Rs.10,720 c. Rs.10,616 d. Rs.816
Answer: d

56. A sum of money doubles itself in 20years in simple interest. Then the
rate of interest per annum is
a. 5% b. 4% c. 5.5% d. 4.5%
Answer: a

57. A sum of money doubles itself at compound interest in 10years. The

number of years in which the amount becomes four times is
a. 10 b. 40 c. 20 d. 30
Answer: c

58. The rate at which a sum doubles in 7years at simple interest is

a. 14 2/7 % b. 15% c. 16% d. 19%
Answer: a

59. The difference between simple interest and compound interest for 2
years at 5% is Rs.225. Find the sum.
a. Rs.45000 b. Rs.90000 c. Rs.95000 d. Rs.80000

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Answer: b

60. The difference between compound interest and the simple interest on
Rs.1250 for 2years at 8% is
a. Rs.2 b. Rs.4 c. Rs.6 d. Rs.8
Answer: d

61. The difference between the compound interest and the simple interest
on a certain sum at 10% per annum for 2years is Rs.52. The principal
amount is
a. Rs.5200 b. Rs.2500 c. Rs.5000 d. Rs.5100
Answer: a

62. The difference between simple and compound interest compounded

annually on a certain sum of money in 2years at 4% per annum is Rs.1.
The sum (in Rs) is
a. Rs.625 b. Rs.630 c. Rs.640 d. Rs.650
Answer: a

63. The difference between the simple interest received from 2 different
banks on Rs.2000 for 3years is Rs.12.50. The difference between their
rate of interest is
a. 3/10 % b. 2/5 % c. 5/24 % d. 7/10 %
Answer: c

64. Find the amount of Rs.1400 invested at SI 14% during the period
from 5th Feb 1994 to 19th April 1994
a. Rs.1539 b. Rs.1437 c. Rs.1439.20 d. Rs.1469.20
Answer: c

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 Winmeen VAO Mission 100 2018
65. A sum was put at simple interest at certain rate for 2years. Had it
been put at 3% higher rate it would have fetched Rs.72 more. The sum is
a. Rs.1200 b. Rs.1500 c.Rs.1600 d. Rs.1800
Answer: a

66. A certain sum of money lent out at simple interest amounts to Rs.690
in 3yrs and Rs.750 in 5yrs. The sum lent is
a. Rs.400 b. Rs.450 c. Rs.500 d. Rs.600
Answer: d

67. At simple interest Rs.1000 becomes Rs.1150 in 3years. If the interest

rate is increased by 3% then the total amount is
a. 1400 b. 1300 c. 1140 d. 1240
Answer: d

68. Malini deposited Rs.7000 with a finance company for 3years at an

interest of 15% per annum. What is the compound interest and the
amount that Malini will get after 3years?
a. C.I – Rs.3246, amount – Rs.13,246
b. C.I – Rs.3646, amount – Rs.10,646
c. C.I – Rs.6436, amount – Rs.16,046
d. C.I – Rs.4636, amount – Rs.14,636
Answer: b

69. Some amount of Rs.7000 was lent at 6% per annum and the
remaining was lent at 4%. If the total simple interest in 5yrs is Rs.1600,
find the sum lent out at 6%.
a. 6000 b. 5000 c. 4000 d. 2000
Answer: d

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 Winmeen VAO Mission 100 2018
70. A man borrows Rs.800 at 4% interest per annum and Rs.700 at 5%
interest per annum for the same period. If he pays a sum of Rs.268 as
total interest then the time for which he borrowed the sum is
a. 2 years b. 3 years c. 4 years d. 5 years
Answer: c

71. In how many years will a sum be thrice of itself at the rate of 10% per
annum?
a. 10 b. 15 c. 20 d. 25
Answer: c

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