Simple Interest

If simple interest on Rs 300 increases by Rs 15, when

the rate% increases by 4% per annum. Find the time.
1 1
a) 1 4 years b) 1 year c) 2 4 years d) 2
years
What annual payment will discharge a debt of Rs
19350 due 4 years hence at the rate of 5% simple
interest ?
a) Rs 4500 b) Rs 5400
c) Rs 4000 d) None of these
What annual payment will discharge a debt of Rs 9270
due 3 years hence at the rate of 3% simple interest ?
a) Rs 3000 b) Rs 2000
c) Rs 2500 d) Rs 3500

X Borrowed a sum of money from Y at the rate of 8%

per annum simple interest for the first four years, 10%
per annum for the next 6 years and 12% per annum for
the period beyond 10 years. If he pays a total of Rs
12160 as interest only at the end of 15 years, how
much money did he borrow \
a) Rs 8000 b) Rs 10000
c) Rs 12000 d) Rs 9000

X borrowed some money at the rate of 6 per cent per

annum for the first two years, at the rate of 9 per cent
per annum for the first two years, at the rate of 14% per
cent per annum for the period beyond five years. If he
pays a total interest of Rs 11400 at the end of 9 years
how much money did he borrow ?
a) 16,000 b) Rs 14,000
c) Rs 18,000 d) Rs 12,000

X borrowed some money at the rate of 7 per cent per

annum for the first three years, 9 per cent per annum
for the next six years and 10 per cent per annum for the
period beyond nine years. And 10 per cent per annum
for the period beyond nine years. If the total interest
paid by him at the end of fifteen years is Rs 4050, how
much money did he borrow ?
a) Rs 2800 b) 3600 c) Rs 3000 d) Rs 3500
A certain sum is invested for certain time, It amounts to
Rs 400 at 10% per annum. But when invested at 4%
per annum, it amounts to Rs 200. Find the time.
a) 100 years b) 75 years c) 50 years d) 60 years
A certain sum is invested for certain time. It amounts to
Rs 400 at 10% per annum. But when invested at 4%
per annum, it amounts to Rs 200. Find the sum.
200 400
a) Rs 3 b) Rs 100 c)Rs 3 d) None of these

A sum was put at SI at a certain rate for 3 years. Had it

been put at 4% higher rate, it would have fetched Rs
600 more. Find the sum.
a) Rs 5000 b) Rs 2000 c) Rs 6000 d) Rs 3000
A sum was put at SI at a certain rate for 5years. Had it
been put at 5% higher rate, it would have fetched Rs
600 more. Find the sum.
a) 500 b) Rs 5000 c) Rs 400 d) Rs 4000
A sum was put at SI at a certain rate for 4 years. Had it
been put at 5% lower rate, it would have fetched Rs
100 less. Find the sum.
a) Rs 5000 b) Rs 2000 c) Rs 1500 d) Rs 1800
A sum was put at SI at a certain rate for 5 years. Had it
been put at 2% lower rate, it would have fetched Rs
150 less. Find the sum.
a) Rs 1000 b) Rs 1500 c) Rs 1800 d) Rs 2000
X borrowed Rs 15000 at the rate of 12% and an other
amount at the rate of 15% for two years. The total
interest paid by him was Rs 9000. How much did he
borrow ?
a) Rs 32000 b) Rs 33000
c) Rs 30000 d) Rs 63000
X deposited two parts of a sum of Rs 25000 in different
banks at the rates of 15 % per annum and 18% per
annum respectively. In one years he got Rs 4050 as
the total interest. What was the amount deposited at
the rate of 18% per annum?
a) Rs 9000 b) Rs 18000
c) Rs 1500 d) None of these
The simple interest on a sum of money will be Rs 250
after 6 years. In the next 6 years principal is doubled,
what will be the total interest at the end of the 12th
years ?
a) Rs 850 b) Rs 750
c) Rs 650 d) None of these
The simple interest on a sum of money will be Rs 450
after 6 years. In the next 8 years principal becomes 3
times, what will be the total interest at the end of the
14th year ?
a) Rs 2250 b) Rs 1250
c) Rs 2050 d) None of these
A sum of Rs 1440 is lent out in three parts in such a
way that the interests on first part at 2% for 3 years,
second part at 3% for 4 years and third part at 4% for 5
years are equal. Then find the difference between the
largest and the smallest sum.
a) Rs 460 b) Rs 560
c) Rs 400 d) Rs 200

Rs 7930 is so divided into three parts such that their

amounts after 2, 3 and 4 years respectively are equal,
the simple interest being at the rate of 5% per annum,
Find the difference between the greatest and the
smallest parts of the sum.
a) Rs 250 b) Rs 230
c) Rs 280 d) Rs 330
A person lent a certain sum of money at 5% simple
interest, and in 6 years the interest amounted to Rs 350
less than the sum lent. Find the sum lent.
a) Rs 600 b) Rs 500
c) Rs 650 d) Rs 450
A sum of money lent out at simple interest amounts to
Rs 720 in 2 years and to Rs 1020 in 7 years. Find the
rate per cent per annum.
a) 10% b) 12% c) 5% d) 15%
X borrows Rs 3500 from a bank at SI. After three years
he paid Rs 1500 to the bank and at the end of 5 years
from the date of borrowing he paid Rs 2725 to the bank
to settle the account. Find the rate of interest.
a) 10% b) 5% c) 2.5% d) None of these
Some amount out of Rs 8000 was lent at 7% per
annum and the remaining at 5% per annum. If the total
simple. Interest from both the fractions in 6 years was
Rs 2600, find the sum lent at 7% per annum.
2000
a) Rs 3 b) Rs 1500
5000 4000
c) Rs 3 d) Rs 3
A lent Rs 600 to B for 2 years, and Rs 150 to C for 4
years and received altogether from both Rs 90 as
interest. Find the rate of interest, simple interest be
reckoned.
a) 4% b) 5% c) 6% d) 10%
On Rs 3000 invested at a simple interest Rate 6 per
cent per annum, Rs 900 is obtained as interest in
certain years. In order to earn Rs 1600 as interest on
Rs 4000 in the same number of year, what should be
the rate of simple interest ?
a) 7 per cent b) 8 per cent
c) 9 per cent d) Data inadequate

Compound interest
At what rate per cent compound interest, does a sum of
9
money become 4 times itself in 2 years ?

a) 50% b) 100% c) 25% d) 40%

At what rate per cent will the compound interest, does a
sum of money become four fold in 2 years ?
a) 150% b) 100% c) 200% d) 75%
The simple interest on a certain sum of money for 2
years at 5% per annum is Rs 100. Find the compound
interest at the same rate and for the same time.
a) Rs 102.50 b) Rs 103
c) Rs 103.50 d) Rs 102.25
The simple interest on a certain sum of money for 2
years at 6% per annum is Rs 300. Find the compound
interest at the same rate and for the same time.
a) Rs 310 b) Rs 308 c) Rs 307 d) Rs 309
On a certain sum of money, the simple interest for 2
years is Rs 140 at the rate of 4% per annum. Find the
difference in CI and SI.
a) Rs 3 b) Rs 1.5 c) Rs 2.8 d) Rs 1.8
The difference between the compound interest and the
simple interest on a certain sum of money at 4% per
annum for 2 years is Rs 2, Find the sum.
a) Rs 1260 b) Rs 1225 c) Rs 1250 d) Rs 1230
The difference between the compound interest and the
simple interest on a certain sum of money at 5% per
annum for 2 years is Rs 3, Find the sum.
a) Rs 600 b) Rs 1200
c) Rs 1400 d) Data inadequate
On what sum will the difference between the simple
and compound interests for 3 years at 5 per cent per
annum amount to Rs 12.20 ?
a) Rs 1600 b) Rs 800 c) Rs 1250 d) Rs 1500
Find the difference between the simple and compound
interest on Rs 500 for 3 years at 4 per cent.
a) Rs 2.432 b) Rs 3.432 c) Rs 2.432 d) Rs.2.432
What sum of money at compound interest will amount
to Rs 650 at the end of the first year and Rs 676 at the
end of the second year ?
a) Rs 625 b) Rs 630 c) Rs 620 d) None of these
Find the compound interest on Rs 9375 in 2 years, the
rate of interest being 2% for the first year and 4% for
the second year.
a) Rs 570 b) Rs 1140
c) Rs 1155 d) Rs 670
A man borrows Rs 3000 at 10% compound rate of
interest. At the end of each year he pays back Rs 1000.
How much amount should he pay at the end of the third
year to clear all his dues ?
A man borrows Rs 4000 at 20% compound rate of
interest. At the end of each year he pays back Rs 1500.
How much amount should he pay at the end of the third
year o clear all his dues ?
a) Rs 2592 b) Rs 2852 c) Rs 2952 d) Rs 2953
Divide Rs 2708 between A and B, so that A’s share at
the end of 6 years may equal B’s share at the end of 8
years, compound interest being at 8%
a) Rs 1458, Rs 1250 b) Rs 1448, Rs 1260
c) Rs 1438, Rs 1270 d) Rs 1468, Rs 1240
The difference between the simple and the compound
interest compounded every six months at the rate of 10
per cent per annum at the end of two years is
Rs124,05, what is the sum?
a) Rs 10000 b) Rs 6000
c) Rs 12000 d) Rs 8000
A person invested a certain amount at simple interest
at the rate of 6 per cent per annum earning Rs 900 as
an interest at the end of three years. Had the interest
been compounded every year, how much more interest
would he have earned on the same amount with the
same interest rate after three years?
a) Rs 38.13 b) Rs 25.33
c) Rs 55.08 d) Rs 35.30