This document provides an assignment on compound interest questions with 86 questions divided into different types. It includes the address and contact details of Nakul Nagpal Quantitative Aptitude classes located in Chandigarh, India. The questions cover basic compound interest calculation, successive approximations, rates of interest when two amounts are given over different time periods, use of net effect in compound interest, and differences between compound interest and simple interest.
This document provides an assignment on compound interest questions with 86 questions divided into different types. It includes the address and contact details of Nakul Nagpal Quantitative Aptitude classes located in Chandigarh, India. The questions cover basic compound interest calculation, successive approximations, rates of interest when two amounts are given over different time periods, use of net effect in compound interest, and differences between compound interest and simple interest.
This document provides an assignment on compound interest questions with 86 questions divided into different types. It includes the address and contact details of Nakul Nagpal Quantitative Aptitude classes located in Chandigarh, India. The questions cover basic compound interest calculation, successive approximations, rates of interest when two amounts are given over different time periods, use of net effect in compound interest, and differences between compound interest and simple interest.
This document provides an assignment on compound interest questions with 86 questions divided into different types. It includes the address and contact details of Nakul Nagpal Quantitative Aptitude classes located in Chandigarh, India. The questions cover basic compound interest calculation, successive approximations, rates of interest when two amounts are given over different time periods, use of net effect in compound interest, and differences between compound interest and simple interest.
ASSIGNMENT ON COUMPOUND INTEREST Nakul Nagpal Quantitative Aptitude classes Address. Sco 2, Top floor Landmark above Icici bank, sector 15 c, Chandigarh. Contact no. -9041749035, 7009891036. Type 1 (Basic of C.I ) 49. What will be the compound interest on a sum of Rs. 50000 after 2 yr at the rate of 10% pa ? (a) Rs. 20000 (b) Rs. 10000 (c) Rs. 21000 (d) Rs. 10500 (e) None of these
50. Raja invested Rs. 15000 at the rate of 10% pa for 1 yr. If the interest is compounded half yearly, find the amount received by Raja at the end of the year is ? (a) Rs. 16537.50 (b) Rs. 18000 (c) Rs. 19000.50 (d) Rs. 20000 (e) None of these 51. Rs. 25000 is borrowed at compound interest at the rate of 3% for the first year,4% for the second year and 5% for the third year. Amount to be paid after 3 years is : (a) 28119 (b) 29118 (c) 28129 (d) 28117 52. A bank offers 5% p.a compound interest on half yearly basis. A Customer deposits Rs.1600 each on 1st January and 1st July of a year.At the end of the year, the amount he would have gained by the way of interest is : (a) 120 (b) 121 (c) 122 (d) 123 (e) None of these 53. A tree increases annually by 1/6th of its height. By how much will it increase after 2 yrs, It stands today 36 cm high? (a) 48 (b) 47 (c) 49 (d) 13 (e) None of these
54. The effective annual rate of interest corresponding to the nominal rate of 6% per annum payable half yearly at compound interest is: (a) 6.06% (b) 6.07% (c) 6.08% (d) 6.09%
Type 2 ( Case of Successive and Approx values)
55. Find the principal if the interest compounded at the rate of 10% per annum for two years is Rs. 420 ? (a) Rs. 2000 (b) Rs. 2200 (c) Rs. 1000 (d) Rs. 1100 56. In what time will Rs. 3300 become Rs. 3399 at 6% per annum interest compounded half-yearly? (a) 6 month (b) 1 year (c) 1½ year (d) 3 months 57. The compound interest on Rs. 60000 at 7% pa is Rs. 8694. Find the period. (a) 2 yr (b) 8 yr (c) 3 yr (d) 4 yr (e) None of these
58. SBI lent Rs. 1331 lakh to the TATA group at compound interest and got Rs. 1725 lakh after 3 yr. What is the rate of interest charged, if compounded annually? (a) 11% (b) 9.09% (c) 12% (d) 8.33% (e) None of these
59. The compound interest on a sum of Rs. 4000 becomes Rs. 630.50 in 9 months. Find the rate of interest per annum, if interest is compounded quarterly. (a) 20% (b) 23% (c) 19% (d) 21% (e) None of these 60. The present worth of Rs. 4913 due in 3 years at 6.25 % p.a at compound interest is ? a) 5100 (b) 3200 (c)4096 (d) 4300 (e) None of these
Nakul Nagpal Quantitative Aptitude classes
Address. Sco 2, Top floor Landmark above Icici bank, sector 15 c, Chandigarh. Contact no. -9041749035, 7009891036. Type 3 61. A sum of money placed at compound interest triples itself in 17 yrs. In how many years it becomes 9 times? (a) 51 (b ) 34 (c ) 68 (d) 18 62. A sum of money placed at compound interest doubles itself in 3 years. In how many yrs it will amount to 2048 times? (a)60 (b) 30 (c) 40 (d) 15 (e) None of these 63. A sum of money becomes doubles after 13yrs. In how many years it becomes 4096 times? (a) 169 (b) 144 (c) 156 (d) None of these
64. A sum of Rs. 18000 deposited at compound interest becomes doubles after 5 yrs. After 20 yrs it will become- (a) 288000 (b) 144000 (c) 192000 (d) 200000 (e) None of these 65. A sum of money placed at compound interest become 8 times in 3 years. In how many yrs it will amount to 16 times? (a)60 (b) 30 (c) 40 (d) 15 (e) None of these
Type 4 ( When two Amounts are given )
When Time difference is one year 66. A sum of money amounts to Rs.1460 in 5 yrs and 1606 in 6 yrs at compound interest. The rate of interest per annum is – (a) 7% (b) 10% (c) 5% (d) 8% 67. A sum of money amounts to Rs.600 in 5 yrs and 690 in 6 yrs at compound interest. The rate of interest per annum is (a) 7% (b) 10% (c) 15% (d) 8% 68. A sum of money amounts to Rs.578.4 in 2 yrs and 614.55 in 3 yrs at compound interest. The rate of interest per annum is – (a) 4% (b) 5% (c) 6.25% (d) 8.33% 69. A sum of money amounts to Rs.5290 in 2 yrs and 6083.50 in 3 yrs at compound interest. The rate of interest per annum is – (a) 7% (b) 10% (c) 15% (d) 16.66% 70. A sum of money amounts to 2420 in 2 yrs and 2662 in 3 yrs at compound interest . Find the sum? (a) 2100 (b) 2200 (c) 2000 (d) 2300 (e) None of these
71. A sum of money amounts to 4624 in 2 yrs and 4913 in 3 yrs at compound interest . Find the sum? (a) 5100 (b) 3200 (c)4096 (d) 4300 (e) None of these
When Time difference is double
72. A sum of money becomes 13380 after 3 yrs and 20070 after 6 yrs on compound interest. The sum is: (a) 8700 (b) 8880 (c) 8920 (d) 9800 (e) None of these
73. A sum of money becomes 6000 after 5 yrs and 24000 after 10 yrs on compound interest. The sum is: (a) 3000 (b) 8000 (c) 2000 (d) 1500 (e) None of these 74. A sum of money becomes 8000 after 6 yrs and 40000 after 12 yrs on compound interest. The sum is: (a) 3000 (b) 2000 (c) 1600 (d) 1500 (e) None of these
When time difference is Random
75. An amount is invested in a bank at compound interest. The total amount including interest ,after first and third year is Rs.1200 and Rs.1587 respectively.What is the rate of interest ? (a) 12% (b) 15% (c) 10 % (d) 3.9 %
Nakul Nagpal Quantitative Aptitude classes
Address. Sco 2, Top floor Landmark above Icici bank, sector 15 c, Chandigarh. Contact no. -9041749035, 7009891036. When two amounts are equal 76. Divide Rs. 2602 between X and Y so that the amount of X after 7 yr is equal to the amount of Y after 9 yr, the interest being compounded at 4% pa. (a) Rs. 1352, Rs. 1250 (b) Rs. 1400, Rs. 1350 (c) Rs. 1415, Rs. 1300 (d) Rs. 1500, Rs. 1450 (e) None of these
Type 5 (Use of Net effect in C.I)
77. The Principal amount which yields a compound interest of Rs.208 in the second year at 4% is: (a) 13000 (b) 6500 (c) 5000 (d) 10000 78. The Principal amount which yields a compound interest of Rs.231 in the second year at 10 % is: (a) 2100 (b) 2000 (c) 5000 (d) none of these
Difference between C.I and S.I
79. The difference between the C.I and S.I on a certain sum at 5 % per annum for 2 yrs is RS. 1.50. The sum is : (a) 600 (b) 500 (c) 400 (d) 300 (e) None of these 80. S.I on a sum at 4% per annum for 2 yrs is Rs. 80. The C.I on same sum for the same period i (a) 81.6 (b) 160 (c) 181 (d) 149 (e) None of these 81. The compound interest on a certain sum at 5% per annum for 2 yrs is Rs.328. The simple interest for that sum at the same rate and for the same period will be : (a) 330 (b) 320 (c) 340 (d) 335 (e) none of these 82. What will be the difference between C.I and S.I on RS. 4000 at 5% per annum for 2 yrs ? (a) 10 (b) 11 (c) 20 (d) 100 83. A man borrowed Rs.800 at 10 % per annum simple interest and immediately lent out the whole sum at 10 % per annum compound interest. What does he gain at the end of 2 yrs ? (a) Rs.7 (b) Rs.9 (c) Rs.8 (d) Rs.5 (e) None of these 84. The difference between the compound interest and simple interest on a certain amount at 10% per annum at the end of third yr is Rs. 620. What is the principal amount? (a) 12000 (b) 14000 (c) 8000 (d) 10000 (e) None of these
( Difference between C.i and S.i)
When Rate of interest is not Given
85. The simple interest and compound interest on a sum of money for 2 yrs are Rs.8400 and Rs.8652 respectively. The rate of interest per annum is : a) 6 % (b) 7.5 % (c) 9 % (d) 4.5 % 86. The difference between C.I and S.I on RS. 5000 for 2 yrs at the same rate is RS.72.The rate of interest per annum is (a) 15 % (b) 12% (c) 10 % (d) 8 %
Nakul Nagpal Quantitative Aptitude classes
Address. Sco 2, Top floor Landmark above Icici bank, sector 15 c, Chandigarh. Contact no. -9041749035, 7009891036. Type 7 (Use of 3 2 1 Method in C.i ) 87. The Principal amount which yields a compound interest of Rs.980 in the third year at 16.66% p.a is: (a) 13000 (b) 6500 (c) 4320 (d) none 2 88. Find the principal if compound interest is charged on the principal at the rate of 16 % per annum for two years and the sum 3 becomes Rs. 196. (a) Rs. 140 (b) Rs. 154 (c) Rs. 150 (d) Rs. 144
Difference between C.i and S.i
89. The difference between the compound interest and simple interest accrued on an amount of Rs 780 at the end of three years at the rate of 25 % p.a. Find the C.I of the third year ? (a) 38400 (b) 6000 (c) Rs 3495.28 (d) none 90. The difference between the compound interest and simple interest accrued on an amount of Rs 3800 at the end of three years at the rate of 16.66% p.a. The Principal is ? (a) Rs 3213 (b) Rs 41200 (c) Rs 3495 (d) Rs none
91. The difference between the compound interest and simple interest accrued on an amount of Rs 200 at the end of two years at the rate of 6.66 % p.a . Find the sum ? (a) Rs 3200 (b) Rs 4500 (c) Rs 3400 (d) none
Type 8 ( Installments Cases in C.i)
92. A loan was repaid in two annual installments of Rs. 121 each. If the rate of interest be 10% per annum,compounded annually,the sum borrowed was: (a) 210 (b) 200 (c) 218 (d) 216 (e) None of these 93. A sum of Rs. 1100 was taken as a loan.This is to be repaid in two equal installments. If the rate of interest be 20% compounded annually,then the value of each installment is : (a) 842 (b) 792 (c) 720 (d) 700 (e) None of these 94. A man borrows Rs. 5100 to be paid back with compound interest at the rate of 4% pa by the end of 2 yr in two equal yearly installments. How much will each installment be ? (a) Rs. 2704 (b) Rs. 2800 (c) Rs. 3000 (d) Rs. 2500 (e) None of these
95. A person takes a loan of Rs.20000 at 10 % p.a rate of interest .He returns rs. 4000 every year. How much he would pay at the end of three years to clear all his dues ? (a) 17800 (b) 20000 (c) 15800 (d) 17380 (e) None of these
Nakul Nagpal Quantitative Aptitude classes
Address. Sco 2, Top floor Landmark above Icici bank, sector 15 c, Chandigarh. Contact no. -9041749035, 7009891036. Miscelleneous 96. The simple interest on a certain sum of money for 3 yr at 8% pa is half the compound interest no Rs. 8000 for 2 yr at 10% pa. Find the sum placed on simple interest. (a) Rs. 3500 (b) Rs. 3800 (c) Rs. 4000 (d) Rs. 3600 (e) None of these 97. Find the least number of complete year in which a sum of money put out at 20% compound interest, will be more than double. (a) 3 yr (b) 4 yr (c) 5 yr (d) 8 yr (e) None of these 98. A sum of money lent at compound interest for 2 yr at 20% pa would fetch Rs. 964 more, if the interest was payable half yearly than if it was payable annually. What is the sum ? (a) Rs. 40000 (b) Rs. 60000 (c) Rs. 90000 (d) Rs. 500000 (e) None of these 99. If Rs. 3000 amounts to Rs. 4320 at compound interest in a certain time, then Rs. 3000 amounts to what in half of the time (a) Rs. 3400 (b) Rs. 3600 (c) Rs. 38000 (d) Rs. 3520 (e) None of these 100. A sum of Rs.7140 is to be divided between Anita and Bala who are respectively 18 and 19 yr old, in such a way that if their shares will be invested at 4% per annum at compound interest, they will receive equal amounts on attaining the age of 21 year. The present share of Anita is (a) 4225 (b). 4352 (c) 3500 (d) 4000 (e) None of these
101. Find the compound interest at the rate of 8% for 3 years on that principal which in 3 years at therate of 10% per annum gives 300 as simple interest. (a).180.515 (b).220.25 (c) 259.712 (d) 289.624 (e) 312.51 102. On a certain sum of money, after 2 years the simple interest and compound interest obtained are Rs 400 and Rs 600 respectively. What is the sum of money invested? a) 100 b) 200 c) 300 d) 400 e) None of these
103. Study the following table carefully to answer the questions given below: Name Nature of Interest Principal Amount Year Rate M Compound Rs.10000 4 N Simple Rs. 29500 3 O Compound Rs. 20000 2 3 P Simple 4 Q Compound 5 2 1. What is the Principal of N if the ratio of interest rate of M to that of N is 2 : 3? (a) Rs. 10449 (b) Rs. 20230 (c) Rs. 25000 (d) Rs. 17121 (e) Rs. 25423 2. What is the amount of O, if the interest is compounded yearly for 2 years? (a) 19165.7 (b) 20320.9 (c) 21218 (d) 22418 (e) 25300.5 3. If the ratio of principal of O to that of P is 4 : 5 and the rate of interest of P is 10% more than that of O, then what is the interest of P? (a) 3300 (b) 3142 (c) 3201 (d) 2890 (e) 2750 4. At what rate of interest the amount of N becomes five times that of his principal? (a) 63.58% (b) 69.96% (c) 60% (d) 133.33% (e) 162.58% 5. What is the amount of Q when the principal of Q is 20% more than that of M? (a) 32321.5 (b) 13248.97 (c) 54974.19 (d) 32863.24 (e) 17952.35
Nakul Nagpal Quantitative Aptitude classes
Address. Sco 2, Top floor Landmark above Icici bank, sector 15 c, Chandigarh. Contact no. -9041749035, 7009891036.
