SIMPLE INTEREST & COMPOUND INTEREST PUNE INSTITUTE OF BUSINESS MANAGEMENT SIMPLE INTEREST & COMPOUND INTEREST
LEVEL I 1. The difference in simple interest and compound interest on a certain sum of money in 2 years at 10 % p.A. is Rs. 50. The sum is
A. Rs. 10000 B. Rs. 6000 C. Rs. 5000 D. Rs. 2000 E. None of these 2. The difference in simple interest and compound interest on a certain sum of money in 2 years at 18 % p.A. is Rs. 162. The sum is
A. Rs. 4000B. Rs. 5200C. Rs. 4250D. Rs. 5000E. None of these 3. The compound interest on a certain sum of money for 2 years is Rs. 208 and the simple interest for the same time at the same rate is Rs. 200. Find the rate %.
A. 5 %B. 6 %C. 7 %D. 4 %E. 8 %
4. The difference between compound interest and simple interest on a certain sum for 2 years at 10 % is Rs. 25. The sum is
A. Rs. 1200B. Rs. 2500C. Rs. 750D. Rs. 1250E. Rs. 2000 5. The simple interest on a certain sum for 3 years in Rs. 225 and the compound interest on the same sum for 2 years is Rs. 165. Find the rate percent per annum.
A. 20 %B. 2.5 %C. 5 %D. 15 %E. 7.5%
6. What is S.I. of Rs. 800 on 5% per annum for 3 years?
A. 120 B. 140 C. 210 D. 230 E. None of these
7. How many years will it take for amount of Rs. 600 to yield Rs. 120 as interest at 10% per annum of S.I.?
A. 1 year B. 3 year C. 2 year D. 4 year E. None of these
8. A sum of Rs. 15000 amount gave Rs. 4500 as interest in 5 year. What is rate of interest?
A. 3% B. 4% C. 5% D. 6% E. None of these 9. What would be the C.I. on Rs. 17500 at the rate of 12 p.c.p.A. after 2 years?
A. Rs. 4442 B. Rs. 4452 C. Rs. 4462 D. Rs. 4482 E. None of these 10. What would be the C.I. obtained on an amount of Rs. 12000 at the rate of 9 p.c.p.a for 3 years?
A. Rs. 3840 B. Rs. 3740.75 C. Rs. 3540 D. Rs. 3640 E. None of these 11. An amount of Rs. 20000 when invested at R% simple interest for 2 years becomes Rs. 24000. What will it become in 3 years if invested at (R+2)%? (in Rs.)
A. 27200 B. 26300 C. 25200 D. 27400 E. 28100
12. A sum of Rs. x was invested at 10% simple interest for 3 years. If the same sum was invested at 4% more for same period, then it would have fetched Rs. 120 more. Find the value of 5x. (in Rs.)
A. 5000 B. 4800 C. 3600 D. 5500 E. 4000
SIMPLE INTEREST & COMPOUND INTEREST
13. A sum of Rs. P was invested at 10% for 2 years at simple interest. If the same sum was invested at 20% for ‘x’ years, it would have fetched Rs. 200 more. Find ‘x’ if Px = 5000. (value of x is given in months)
A. 12 B. 18 C. 15 D. Cannot be determined E. None of these
14. sum of Rs 1400 becomes Rs 2408 in 8yearsat simple interest, then find the rate of interest for last 4 years, if the interest rate for 1st 4yearsis 12% per annum?
A. 8 % B. 10 % C. 6% D. 4 % E. None of these
15. Rs. 12000 becomes Rs. 15000 in 18 months at a certain rate of interest at simple interest. Find amount if Rs. 5000 invested at same rate for 30 months at simple interest.
A. Rs. 7883.33 B. Rs. 7083.33 C. Rs. 7279.80 D. Rs. 7173.33 E. None of these 16. The interest earned on an amount after 2yearsat 10 % per annum compounded yearly is Rs 672. Find the interest earned on same amount after 4 yr at 14 % per annum at simple interest?
A. Rs 1792 B. Rs 1864 C. Rs 1912 D. Rs 1754 E. Rs 1720
17. An amount doubles in 5 years at simple interest. In what time will it become 12 times of itself at same rate? (in years)
A. 30 B. 50 C. 55 D. 36 E. None of these 18. An amount of 4000 rupees is invested at 20% per annum for 2 years at compound interest compounding half-yearly, then find the total interest amount received after 2 years?
A. Rs 1856.4 B. Rs 1812.4 C. Rs 1882.4 D. Rs 1912.4 E. None of these
19. A sum when invested for a year at 20% compounding annually would fetch Rs. 10 less when compounding is done half-yearly. Find the sum invested.
A. Rs. 850 B. Rs. 950 C. Rs. 1000 D. Rs. 1100 E. Rs. 1050 20. What is the interest earned by a leader on 10000 Rupees for the period of 2 years at the rate of 12.5% S.I.
A. 2000 Rs. B. 2500 Rs. C. 3000 Rs. D. 3500 Rs. E. 1500 Rs. 21. Shikhar deposited Rs 15000 in a scheme for 2 years which offers compound interest at the rate of 10 %. Due to some emergency, he withdrew 12000 at the end of 1st year. How much amount he will get at the end of 2nd year?
A. Rs 4600 B. Rs 5450 C. Rs 4950 D. Rs 5600 E. Rs 5870
22. Chandu invested Rs 1500 in a scheme offering 10% SI. After 2 years he invested a part of amount he received again in the same scheme for 3 years from which he received Rs 300. Find the amount he did not invest again.
A. Rs. 850 B. Rs. 1000 C. Rs. 950 D. Rs. 800 E. Rs. 1050 SIMPLE INTEREST & COMPOUND INTEREST
23. The difference in simple interest and compound interest on a certain sum of money in 3 years at 20 % p.a. is Rs. 640. The sum is
A. Rs. 5000 B. Rs. 8500 C. Rs. 8250 D. Rs. 6000 E. None of these 24. If the compound interest on a certain sum for 2 years is Rs 308 and simple interest at same rate of interest and for same time is 280. Find the sum?
A. Rs 700 B. Rs 1200 C. Rs 1100 D. Rs 500 E. Rs 900
25. Amount of Rs. 8000 is lent at simple interest in two parts at 20% and 10% respectively. If after one year he will get Rs. 1150 as interest then find amount which was lent at 20% per annum. A. Rs.3000 B. Rs.5000 C. Rs.3500 D. Rs.4500 E. Rs. 4200 26. Amit borrowed Rs. 20,000 from his friend at 15% per annum simple interest he lent it to Tarun at the same but rate compounded annually. Find his gain after 2 years.
A. 324 B. 604 C. 450 D. 572
27. A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:
A. Rs. 650 B. Rs. 690 C. Rs. 698 D. Rs. 700
28. What is the rate of simple interest?
I. The total interest earned was Rs. 4000.
II. The sum was invested for 4 years. A. Statement I alone are sufficient to answer the question, while the data in Statement II alone are not sufficient to answer the question. B. Statement II alone are sufficient to answer the question, while the data in Statement I alone are not sufficient to answer the question. C. Statement I or in Statement II alone are sufficient to answer the question. D. Statements I and II together are not sufficient to answer the question. 29. Find compound interest on Rs. 8000 at 15% per annum for 2 years 4 months, compounded annually?
A. 2109 B. 3109 C. 4109 D. 6109
30. Find the compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually.
A. Rs. 610 B. Rs. 612 C. Rs. 614 D. Rs. 616
31. The simple interest on a sum of money for 3 years at 6²/3 % per annum is $ 6750. What will be the compound interest on the same sum at the same rate for the same period, compounded annually?
A. 8125 B. 6655 C. 4496 D. 7210
32. The difference between simple interest and C.I. at the same rate for Rs.5000 for 2 years in Rs.72. The rate of interest is?
A. 6% B. 8% C. 10% D. 12% SIMPLE INTEREST & COMPOUND INTEREST
33. The difference between compound and simple interest on a certain sum of money for 3 years at 6 2/3% p.a is Rs.184. Find the sum?
A. Rs.12,000 B. Rs.13,500 C. Rs.14,200 D. Rs.17,400
34. A sum of money is put out at compound interest for 2 years at 20%. It would fetch Rs.482 more if the interest were payable half-yearly, then it were pay able yearly. Find the sum.
A. Rs.1,000 B. Rs.1,250 C. Rs.2,000 D. Rs.4,000
35. Every year an amount increases by 1/8th of itself. How much will it be after two years if its present value is Rs.64000?
A. Rs.61,000 B. Rs.65,000 C. Rs.71,000 D. Rs.81,000
LEVEL 2 1. The compound interest on rs.30000 at 7% per annum is Rs.4347. The period is
A. 2 years B. 2.5 years C. 3 years D. 4 years
2. A sum of money amounts to Rs.6690 after 3 years and to Rs.10,035 after 6 years on compound interest. Find the sum.
A. 4360 B. 4460 C. 4560 D. 4660
3. What is the rate of interest p.c.p.a.? I. An amount doubles itself in 5 years on simple interest. II. Difference between the compound interest and the simple interest earned on a certain amount in 2 years is Rs. 400. III. Simple interest earned per annum is Rs. 2000
A. I only B. II and III only C. All I, II and III D. I only or II and III only 4. Find compound interest on Rs. 8000 at 15% per annum for 2 years 4 months, compounded annually
A. 2109 B. 3109 C. 4109 D. 6109
5. A sum of money lent at compound interest for 2 years at 20% per annum would fetch Rs.482 more, if the interest was payable half yearly than if it was payable annually. The sum is A. 10000 B. 20000 C. 40000 D. 50000 6. Find the compound interest on Rs. 10,000 in 2 years at 4% per annum, the interest being compounded half-yearly.
A. 524.32 B. 624.32 C. 724.32 D. 824.32
7. Find the compound interest on Rs. 16,000 at 20% per annum for 9 months, compounded quarterly
A. 2422 B. 2522 C. 2622 D. 2722
8. Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?
A. 3.6 B. 6 C. 18 D. Cannot be determined
9. Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually. SIMPLE INTEREST & COMPOUND INTEREST
A. 612 B. 712 C. 812 D. 912
10. There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate
A. Rs.4972 B. Rs.3972 C. Rs.5972 D. Rs.2972
11. The difference between compound interest and simple interest on a sum for two years at 8% per annum, where the interest is compounded annually is Rs.16. if the interest were compounded half- yearly, the difference in two interests would be nearly
A. Rs.24.64 B. Rs.21.85 C. Rs.16 D. Rs.16.80
12. What is the difference between the compound interests on Rs. 5000 for 1 1/2 years at 4% per annum compounded yearly and half-yearly?
A. 2.04 B. 3.04 C. 4.04 D. 5.04
13. If the simple interest on a sum of money at 5% per annum for 3 years is Rs. 1200, find the compound interest on the same sum for the same period at the same rate.
A. 1261 B. 1271 C. 1281 D. 1291
14. On a sum of money, the simple interest for 2 years is Rs. 660, while the compound interest is Rs.696.30, the rate of interest being the same in both the cases. The rate of interest is
A. 10% B. 11% C. 12% D. 13%
15. A certain sum amounts to Rs.7350 in 2 years and to Rs.8575 in 3 years. Find the sum and rate percent
