Scribd
Upload
36 views6 pages

Simple Compound Interest

Uploaded by

gotunamdevj11
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
36 views6 pages

Simple Compound Interest

Uploaded by

gotunamdevj11
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 6

A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years.

The sum is:

Rs. 650

Rs. 690

Rs. 698

Rs. 700

Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the
simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple
interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?

Rs. 6400

Rs. 6500

Rs. 7200

Rs. 7500

None of these

A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years. What
is the sum?

How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per
annum of simple interest?

3.5 years

4 years

4.5 years

5 years

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?

3.6
6

18

Cannot be determined

None of these

A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same
rate of simple interest. The rate of interest per annum is:

5%

8%

12%

15%

What will be the ratio of simple interest earned by certain amount at the same rate of interest
for 6 years and that for 9 years?

1:3

1:4

2:3

Data inadequate

None of these

A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2%
more, how much more interest would it have earned?

Rs. 35

Rs. 245

Rs. 350
Cannot be determined

None of these

A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to
another person at 6 % p.a for 2 years. Find his gain in the transaction per year.

Rs. 112.50

Rs. 125

Rs. 225

Rs. 167.50

A bank offers 5% compound interest calculated 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 way of interest is:

Rs. 120

Rs. 121

Rs. 122

Rs. 123

The difference between simple and compound interests compounded annually on a certain
sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:

625

630

640

650

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?
Rs. 2160

Rs. 3120

Rs. 3972

Rs. 6240

None of these

What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per
annum compounded yearly and half-yearly?

Rs. 2.04

Rs. 3.06

Rs. 4.80

Rs. 8.30

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:

1
2
2

What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12
p.c.p.a.?

Rs. 9000.30

Rs. 9720
Rs. 10123.20

Rs. 10483.20

None of these

.
At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2
years?

6%

6.5%

7%

7.5%

The least number of complete years in which a sum of money put out at 20% compound
interest will be more than doubled is:

Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound
interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit?

Rs. 8600

Rs. 8620

Rs. 8820

None of these

The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple
interest on the same sum for double the time at half the rate percent per annum is:
Rs. 400

Rs. 500

Rs. 600

Rs. 800

You might also like