Sreedhar’s CCE COMPOUND INTEREST

COMPOUND INTEREST
1. Find the compound interest on Rs. 2,000 for 2 years at 10% p.a.?
1) Rs. 450 2) Rs. 400 3) Rs. 420
4) Rs. 460 5) Other than those given as options
2. What will be the compound interest accrued on an amount of Rs. 3,400 after 2

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years at the rate of 6 p.c.p.a.?
1) Rs. 420.24 2) Rs. 430.43 3) Rs. 410.22
4) Rs. 440.45 5) Other than those given as options
3. On what sum of money will the compund interest be Rs. 2,648 in 3 years at 10% p.a?
1) Rs. 7,000 2) Rs. 8,000 3) Rs. 6,000

4.
4) Rs. 9,000
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The C.I. on a certain sum of money for 2 years at 10% p.a. is Rs. 378. What is the
corresponding S.I ?
1) Rs. 320 2) Rs. 340 3) Rs. 360

5.
4) Rs. 380

E 5) Other than those given as options

Simple interest on a sum of money for 3 years at 12 p.c.p.a is Rs. 6552. What
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would be the compound interest (compounded annually) on the same amount of
money for 2 years at 4 p.c.p.a ?
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1) 1485.12 2) 1432.88 3) 1508.42 4) 1586.28 5) 1369.64

6. What will be the compound interest on Rs. 19,400for 2 years, the rate of interest
for first year being 6% and for the second year being 20% ?
1) Rs.5276.80 2) Rs.51 64.80 3) Rs. 4856.40 4) Rs.4988.20 5) Rs. 5372.40
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7. Curtis invested a certain sum of money in scheme A which offers compound
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interest (compounded annually) at a certain rate of interest (p.c.p.a). If the sum

invested by him amounts to Rs. 13,680 after two years and to Rs. 16,416 after 3
years, what is the rate of interest (p.c.p.a.) offered by scheme A ?
1) 25 2) 10 3) 22.5 4) 15 5) 20
8. The population of a town is 5,000. It is increasing by 10% every year. After how
many years the population will be 6655?
1) 2 years 2) 4 years 3) 3 years 4) 5 years 5) None
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9. On a sum of money the simple interest for 2 years is Rs.3264 while the compound
interest is Rs.3459.84. the rate of interest being same in both the cases. What is
the rate of interest (p c.p.a) ?
1) 12 2) 16 3) 10.5 4) 14 5) 11.5
10. A certain sum becomes double itself in 3 years. In howmany years will it becomes
8 times at C.I.
1) 9 years 2) 8 years 3) 7 years
4) 6 years 5) Other than those given as options
11. Vinita invested certain amount at the rate of 8 p.c.p.a. for 5 years and obtained a
simple interest of Rs. 3,800. Had she invested the same amount at the same rate
of interest for 2 years, how much amount would she have obtained as compound
interest at the end of 2 years ?
1) Rs. 1,580.80 2) Rs. 1,520 3) Rs. 1,550.50
4) Rs. 1,550 5) Other than those given as options

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Sreedhar’s CCE COMPOUND INTEREST

12. Sujeet invested an amount with company Y for two years @ simple interest rate
20 p.c.p.a The entire amount obtained from company Y after two years he invested
with company Z @ compound interest rate 10 p.c.p.a. for two years If the amount
finally received by him was Rs.93170. what was the amount invested by him
originally with company Y ?
1) Rs.65,000 2) Rs.55,000 3) Rs.46,000 4) Rs.45,000 5) Rs.50,000
13. Rahul invested Rs.16.800 in scheme ‘A’ for 4 years. Scheme ‘A’ offers simple
interest @ 8 p.c.p.a. for the first two years and compound interest @ 10 p.c.p.a. for
the next two years. What will be total interest earned by Rahul after 4 years from
scheme ‘A’ ?
1) Rs.6,336 2) Rs.6,092 3) Rs.6.216 4) Rs.6,448 5) Rs.5.912

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14. Rohit had a certain sum of money. 5 th of the total money he invested in Scheme
A for 8 years and rest of the money he invested in Scheme B for 2 years. Scheme
A offers simple interest at a rate of 18% pa. and Scheme B offers compound
interest (compounded annually) at a rate of 10% pa. If the total interest received
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by Rohit is Rs. 1422. what was the total amount invested by him in Scheme A and
Scheme B together ?
1) Rs. 1500 2) Rs. 900 3) Rs. 1,296 4) Rs. 1800 5) Rs. 1026
15. Rs. 1500 were invested for 5 years in Scheme A which offers simple interest at a

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rate of 14% p.a. The amount received after 5 years and some additional money, is
then invested in scheme B. for 2 years, which offers compound
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interest(compounded annually) at a rate of 20%p.a. If the compound interest
received from Scheme B after 2 years is Rs.1408. what was the additional money
invested in Scheme B apart from the amount received from Scheme A ?
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1) Rs. 450 2) Rs. 500 3) RS-650 4) Rs. 280 5) Rs. 520

16. Ram invested total sum of Rs. 18,000 in two schemes (A and B) for 2 years.
Scheme A offers compound interest (compounded annually) @ 10 p.c.p.a and
scheme B offers simple interest @ 8 p.c.p.a. If the total interest earned by him
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from both the schemes after 2 years is Rs. 3510, how much money (principal) idd
he invest in scheme B ?
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1) Rs. 5,400 2) Rs. 5,800 3) Rs. 5,200 4) Rs. 6,000 5) Rs. 5,600
17. Abhijit invested certain amount in two different schemes A & B in the ratio of 5 :
7 respectively. Scheme A offers compound interest @ 12 p.c.p.a and scheme B
offers simple interest @ 18 p.c.p.a If amount invested in scheme B is more than
the amount invested in scheme A by Rs 4,500. what is the total amount of interest
accrued from both the schemes together in two years ?
1) Rs.8,552 2) Rs.8,652 3) Rs.8,352 4) Rs.8,532 5) Rs 8,562
18. A sum of Rs. 1,260 is borrowed from a money lend at 10% p.a. compounded
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annually. If the amount is to be back in two equal annual instalments. Find the
annual instalment?
1) Rs. 726 2) Rs. 800 3) Rs. 820
4) Rs. 750 5) Other than those given as options
19. The difference between simple and compound interst on a sum of money for 2 yr
at 10% per annum is Rs. 65. The sum is
1) Rs. 65650 2) Rs. 65065 3) Rs. 6565
4) Rs. 6500 5) Other than those given as options
20. The difference between S.I. and C.I. for 3 years at 10% p.a. is Rs. 15.50. Find the sum?
1) Rs. 50 2) Rs. 500 3) Rs. 5000
4) Rs. 550 5) Other than those given as options

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