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 In how many years will a sum of money become sixteen times itself at 30% p.a. simple

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interest?

1
 Equal sums of money are invested for 2 years at 10% compound interest - one gets

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Anastasis Academy
compounded annualy and the other halfyearly. Find the difference (in ₹) between the
amounts at the end of 2 years if the sum invested was ₹ 5,000.
(A) ₹ 26.50 (B) ₹ 25.50 (C) ₹ 27.50 (D) ₹ 24.50

2
 An amount of ₹ 7,000 was divided into two equal parts. The first part was deposited in a

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Anastasis Academy
bank at simple interest rate of 8% per annum for three years. The second part was
deposited in another bank at the rate of 10% per annum, compounded annualy, for 2
years. What is the difference in the interests earned from the two amounts?

3
 ₹ 2,186 is divided into three parts such that their amounts after 1, 2 and 3 years

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Anastasis Academy
respectively may be equal. If the rate of simple interest being 4% p.a. in all cases, the
smallest part is
(A) ₹ 389 (B) ₹ 756 (C) ₹ 702 (D) ₹ 352

4
 Narayan and Murthy invested some money at 6% and 7% per annum respectively of SI.

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Anastasis Academy
At the end of 2 years they found that together they received ₹ 354 as interest. One-
fourth of Narayan’s initial investment is equal to onefifth of the money invested by
Murthy. Find the total money invested.
(A) ₹ 2,746.5 (B) ₹ 2,600 (C) ₹ 2,700 (D) ₹ 2,880

5
 Bhawna lent part of ₹10,000 to Myra, one of her friends at 8% SI for 4 years. She

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Anastasis Academy
invested the remaining amount at 12% SI. Total income from interest after 4 years was ₹
3,800. What was sum (in ₹) lent to Myra?

6
 A sum was divided into two equal parts. One part was lent at 20% p.a. simple interest.

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Anastasis Academy
The other part was lent at 20% p.a. compound interest, interest being compounded
annually. The difference in the interests fetched by the parts in the second year is ₹400.
Find the difference in the interests fetched by the parts in the fourth year (in ₹).
(A) 1414 (B) 1442 (C) 1456 (D) 1484

7
 A sum of money when kept at simple interest doubled in eight years four months. If the

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Anastasis Academy
rate of interest is doubled, in which year the same sum becomes twice of itself under
compound interest?
(A) 3rd year (B) 5th year (C) 4th year (D) 6th year

8
 A sum takes T1 years to double at R1% p.a. simple interest. If it is lent at R2% p.a.

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compound interest, interest being compounded annually, it would take the same time
to double. Which of the following is always true if T1 > 1?
(A) R1 = R2 (B) 0.5R2 < R1 < R2
(C) R1 > R2 (D) R2/3 < R1 < R2

9
 Aswin borrowed ₹3,20,320 at 20% p.a. compound interest, interest being compounded

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Anastasis Academy
annually. He planned to repay it in two equal annual instalments. But he actually repaid
it in three equal annual instalments. Find the difference between the value of each
instalment he had planned to pay and each instalment that he actually paid (in ₹).
(A) 48000 (B) 54000 (C) 57600 (D) 28756

10
 Anwar borrowed ₹72000 at 20% p.a. compound interest, interest being compounded

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annually. He repaid ₹x at the end of the first year. He repaid ₹57600 at the end of the
second year and thereby cleared the loan. Find x.

11
 Srikar saves ₹20000 at the beginning of each year in a savings bank account that pays

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Anastasis Academy
5% p.a, interest being compounded annually. If, at the beginning of the third year,
instead of depositing ₹20000, he withdraws ₹10000, how much would be the total
savings of the man at the end of three years?
(A) ₹28124.24 (B) ₹29324.20
(C) ₹34702.50 (D) ₹31349.75

12
 A man invested ₹40,000 in a bond which gives 10% p.a. interest, compounded half

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Anastasis Academy
yearly. If the annual rate of interest is increased by 20 percentage points at the end of
every half year, what will be the interest for the first one and half years?
(A) ₹15875 (B) ₹16750
(C) ₹20375 (D) ₹19875

13
 Akshay deposits a sum P in a bank at r% compound interest. The amount becomes 27P

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Anastasis Academy
after three years by compounding annually. Instead, if the bank had compounded half
yearly, what is the additional amount Akshay would have received in terms of P?
(A) 54P (B) 18P (C) 37P (D) 5P

14
 A sum was borrowed at 20% p.a. compound interest. It was repaid in three annual

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Anastasis Academy
instalments with each instalment being paid at the end of an year. The first, second and
third instalments were ₹1200, ₹1152 and ₹2592 respectively. Find the sum borrowed.
(in ₹)

15
 The difference between the compound interests on a certain sum for the second and

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Anastasis Academy
the third years at 5% p.a. is ₹42. Find the sum (in ₹).

16
 A man took a loan of ₹100000 at 8% per annum compound interest. He repays ₹10000

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Anastasis Academy
per annum. What is the amount due from him at the beginning of the third year?
(A) ₹91917 (B) ₹81917 (C) ₹95840 (D) ₹93970

17
 What annual instalment will discharge a debt of ₹1450 due after five years at 8% p.a

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Anastasis Academy
simple interest?
(A) ₹320 (B) ₹450 (C) ₹250 (D) ₹400

18
 Prasad invests ₹34000, part of it in scheme A at 20% p.a. and the rest of it in scheme B

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Anastasis Academy
at 60% p.a., both at compound interest. If, after two years, the amount in scheme A is
nine times that in scheme B, how much was invested in scheme B? (in ₹)

19
 Krishna takes a loan of ₹8000 at simple interest. After four years he takes an additional

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Anastasis Academy
loan of ₹14440. From that point, compound interest at 10% per annum is calculated on
the total amount repayable on the first loan as well as the second loan. He repays a
total of ₹30250 after two more years to clear the entire loan amount. What is the
annual rate of simple interest?

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 Answer Key

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Anastasis Academy
Question No. Answer Question No. Answer
Q1 50 Q11 38400
Q2 C Q12 C
Q3 105 Q13 C
Q4 C Q14 C
Q5 C Q15 3300
Q6 6250 Q16 16000
Q7 C Q17 C
Q8 C Q18 C
Q9 C Q19 2000
Q10 C Q20 8

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