CA MUNISH KUMAR

Simple & Compound Interest

2006 – November
1. 8,000 becomes 10,000 in two years at simple interest. The amount that will become 6,875 in 3
years at the same rate of interest is:
(A) 4,850 (B) 5,000 (C) 5,500 (D) 5,275

2. The difference between the simple and compound interest on a certain sum for 3 years at 5% p.a.
is 228.75. The compound interest on the sum for 2 years at 5% p.a. is:
(A) 3,175 (B) 3,075 (C) 3,275 (D) 2,975

2007 − February
3. The rate of simple interest on a sum of money is 6% p.a. for first 3 years, 8% p.a. for the next five
years and 10% p.a. for the period beyond 8 years. If the simple interest accrued by the sum for a
period for 10 years is 1,560. The sum is:
(A) 1,500 (B) 2,000 (C) 3,000 (D) 5,000

4. A sum of money doubles itself in 10 years. The number of years it would treble itself is:
(A) 25 years (B) 15 years (C) 20 years (D) none

5. In what time will 3,90,625 amount to 4,56,976 at 8% per annum, when the interest is compounded
semi−annually? (Given: (1.04)4 = 1.16986)
(A) 2 years (B) 4 years (C) 5 years (D) 7 years

2007 − May
6. A certain sum of money amounts to 6,300 in two years and 7,875 in three years nine months at
simple interest. Find the rate of interest per annum:
(A) 20% (B) 18% (C) 15% (D) 10%
7. How long will 12,000 take to amount to 14,000 at 5% p.a. converted quarterly?
(Given: (1.0125)12.4 = 1.1666)
(A) 3 years (B) 3.1 years (C) 13.5 years (D) 12.4 years
2007 – August
8. If 1,000 be invested at interest rate of 5% and the interest be added to the principal every 10 years,
then the number of years in which it will amount to 2,000 is:
2 1 2
(A) 16 years (B) 6 years (C) 16 years (D) 6 years
3 4 3
9. The annual birth and death rates per 1,000 are 39.4 and 19.4 respectively. The number of years in
which the population will be doubled assuming there is no immigration or emigration is:
(A) 35 years (B) 30 years (C) 25 years (D) none of these

10. The effective rate equivalent to nominal rate of 6% compounded monthly is:
(A) 6.05 (B) 6.16 (C) 6.26 (D) 6.07

2007 – November
11. A person borrows 5,000 for 2 years at 4% p.a. simple interest. He immediately lends to another
1
person at 6 % p.a. for 2 years. Find his gain in the transaction per year:
4
(A) 112.50 (B) 125 (C) 225 (D) 167.50

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12. A person deposited 5,000 in a bank. The deposit was left to accumulate at 6% compounded
quarterly for the first five years and at 8% compounded semi−annually for the next eight years.
The compound amount at the end of 13 years is:
(A) 12,621.50 (B) 12,613.10 (C) 13,613.10 (D) None of these

2008 – February
1 1
13. Two equal sums of money were lent at simple interest at 11% p.a. for 3 years and 4 years
2 2
respectively. If the difference in interests for two periods was 412.50, then each sum is:
(A) 3,250 (B) 3,500 (C) 3,750 (D) 4,350

14. Anshul’s father wishes to have 75,000 in a bank account when his first college expenses begin.
How much amount his father should deposit now at 6.5% compounded annually if Anshul is to
start college in 8 years hence from now?
(A) 45,360 (B) 46,360 (C) 55,360 (D) 48,360

2008 – June
15. In how much time would the simple interest on a certain sum be 0.125 times the principal at 10%
per annum?
1 3 1 3
(A) 1 years (B) 1 years (C) 2 years (D) 2 years
4 4 4 4

16. The difference between compound interest and simple interest on a certain sum of 2 years @ 10%
p.a. is 10. Find the sum:
(A) 1,010 (B) 1,095 (C) 1,000 (D) 990

17. A machine worth 4,90,740 is depreciated at 15% on its opening value each year. When its value
would reduce to 2,00,000:
(A) 5 years 6 months (B) 5 years 7 months (C) 5 years 5 months (D) none

2008 – December
18. If the difference between simple interest and compound interest is 11 at the rate of 10% for two
years, then find the sum,
(A) 1,200 (B) 1,100 (C) 1,000 (D) none of these

19. Find the numbers of years in which a sum doubles itself at the rate of 8% per annum.
1 1 1 1
(A) 11 (B) 12 (C) 9 (D) 13
2 2 2 2
2009 – June
20. In how many years, a sum will become double at 5% p.a. compound interest.
(A) 14.0 years (B) 14.1 years (C) 14.2 years (D) 14.3 years

21. The time by which a sum of money is 8 times of itself if it doubles itself in 15 years.
(A) 42 years (B) 43 years (C) 45 years (D) 46 years

22. What is the rate of simple interest if a sum of money amounts to 2,784 in 4 years and 2,688 in 3
years?
(A) 1% p.a. (B) 4% p.a. (C) 5% p.a. (D) 8% p.a.

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23. A sum amount to 1,331 at a principal of `1,000 at 10% compounded annually. Find the time:
(A) 3.31 years (B) 4 years (C) 3 years (D) 2 years
2009 – December
24. In how many years, a sum of `1,000 compounded annually @ 10%, will amount to `1331?
(A) 6 years (B) 5 years (C) 4 years (D) 3 years

25. The compounded interest for a certain sum @ 5% p.a. for first year is 25. The S−I for the same
money @ 5% p.a. for 2 years will be
(A) 40 (B) 50 (C) 60 (D) 70

2010 – June
26. At what % rate of compound interest (C.I.) will a sum of money become 16 times in four years, if
interest is being calculated compounding annually:
(A) r = 100% (B) r = 10% (C) r = 200% (D) r = 20%
27. If the simple interest on a sum of money at 12% p.a. for two years is 3,600. The compound interest
on the same sum for two years at the same rate is:
(A) 3,816 (B) 3,806 (C) 3,861 (D) 3,860

2010 – December
28. The effective annual rate of interest corresponding to nominal rate 6% p.a. payable half−yearly is
(A) 6.06% (B) 6.07% (C) 6.08% (D) 6.09%

29. The cost of machinery is 1,25,000. If it is useful life is estimated to be 20 years and the rate of
depreciation of its cost is 10% p.a., then the scrap value of the machinery is
(Given that (0.9)20 = 0.1215)
(A) 15,187 (B) 15,400 (C) 15,300 (D) 15,250
30. Mr. X invests ‘P’ amount at Simple Interest rate 10% and Mr. Y invests ‘Q’ amount at Compound
Interest rate 5% compounded annually. At the end of two years both get the same amount of
interest, then the relation between two amounts P and Q is given by:
41 Q 41 Q 41 Q 41 Q
(A) P  (B) P  (C) P  (D) P 
80 40 100 200

2011 – June
32. If the difference of S.I. and C.I. is 72 at 12% for 2 years. Calculate the amount.
(A) 8,000 (B) 6,000 (C) 5,000 (D) 7,750

33. If a simple interest on a sum of money at 6% p.a. for 7 years is equal to twice of simple interest on
another sum for 9 years at 5% p.a. The ratio will be:
(A) 2 : 15 (B) 7 : 15 (C) 15 : 7 (D) 1 : 7

34. By mistake a clerk, calculated the simple interest on principal for 5 months at 6.5% p.a. instead of
6 months at 5.5% p.a. If the error in calculation was 25.40. The original sum of principal was ___.
(A) 60,690 (B) 60,960 (C) 90,660 (D) 90,690

2011 – December
35. If the simple interest on 1,400 for 3 years is less than the simple interest on 1,800 for the same
period by 80, then the rate of interest is

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(A) 5.67% (B) 6.67% (C) 7.20% (D) 5.00%

36. Nominal rate of interest is 9.9% p.a. If interest is compounded monthly, what will be the effective
  4033 
12 
rate of interest  Given   1.1036 (approx) ?
  4000  
(A) 10.36% (B) 9.36% (C) 11.36% (D) 9.9%

2012 – June
37. The S.I. on a sum of money is 4/9 of the principal and number of years is equal to the rate of
interest per annum. Find the rate of interest per annum?
(A) 5% (B) 20/3% (C) 22/7% (D) 6%

38. Simple interest on 2,000 for 5 months at 16% p.a. is _____________.

(A) 133.33 (B) 133.26 (C) 134.00 (D) `132.09

2012 – December
39. How much investment is required to yield an Annual income of 420 at 7% p.a. simple interest.
(A) 6,000 (B) 6,420 (C) 5,580 (D) 5,000

40. Mr. X invests `90,500 in post office at 7.5% p.a. simple interest. While calculating the rate was
wrongly taken as 5.7% p.a.
The difference in amounts at maturity is 9,774. Find the period for which the sum was invested
(A) 7 years (B) 5.8 years (C) 6 years (D) 8 years

2013 – June
41. The difference between compound and simple interest on a certain sum of money for 2 years at
4% p.a. is 1. The sum (in `) is:
(A) 625 (B) 630 (C) 640 (D) 635

42. A sum of money compounded annually becomes 1,140 in two years and 1,710 in three years. Find
the rate of interest per annum.
(A) 30% (B) 40% (C) 50% (D) 60%

2013 – December
43. On what sum difference between compound interest and simple interest for two years at 7% p.a.
interest is 29.4
(A) 5,000 (B) 5,500 (C) 6,000 (D) 6,500

44. In what time will a sum of money double its y at 6.25% p.a. simple interest?
(A) 5 years (B) 8 years (C) 12 years (D) 16 years

45. What principal will amount to 370 in 6 years at 8% p.a. at simple interest?
(A) 210 (B) 250 (C) 310 (D) 350

2014 – June

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46. The partners A and B together lent 3,903 at 4% per annum interest compounded annually. After a
span of 3 years, A gets the same amount as B gets after 9 years. The share of A in the sum of
3,903 would have been:
(A) 1,875 (B) 2,180 (C) 2,028 (D) 2,820

47. If a sum triples in 15 years at simple rate of interest, the rate of interest per annum will be:
(A) 13.0% (B) 13.3% (C) 13.5% (D) 18.0%

2014 – December

48. A sum of money invested of compound interest doubles itself in four years. It becomes 32 times of
itself at the same rate of compound interest in
(A) 12 years (B) 16 years (C) 20 years (D) 24 years

2015 – June
49. A sum of money doubles itself in 8 years at simple interest. The number of years it would triple
itself is ___________.
(A) 20 years (B) 12 years (C) 16 years (D) none of these

50. A sum of 44,000 is divided into three parts such that the corresponding interest earned after 2
years, 3 years and 6 years may be equal. If the rates of simple interest are 6% p.a., 8% p.a. and 6%
p.a. respectively, then the smallest part of the sum will be
(A) 4,000 (B) 8,000 (C) 10,000 (D) 12,000

2015 – December
51. In how many years will a sum of money become four times at 12% p.a. simple interest?
(A) 18 years (B) 21 years (C) 25 years (D) 28 years

52. The simple interest for a certain sum for 2 years at 10% per annum is ` 90. The corresponding
compound interest is (in `):
(A) 99 (B) 95.60 (C) 94.50 (D) 108

2016 – June
53. If an amount is kept at simple interest, it earns an interest of Rs.600 in first two years but when
kept at compound interest it earns an interest of Rs.660 for the same period, then the rate of
interest and principal amount respectively are:
(A) Rs. 20%, Rs.1,200 (B) Rs. 10%, Rs.1,200
(C) Rs. 20%, Rs. 1,500 (D) Rs. 10%, Rs. 1,500

54. The difference between the simple interest and compound interest on a certain sum of money
invested for 2 years at 5% p.a. is Rs 30. Then the sum =
(A) 10,000 (B) 12,000 (C) 13,000 (D) None

2016 - December
55. A sum of money amounts to Rs 7803 for one year at the rate of 4% compounded semi-annually
then the sum invested is
(A) 7,000 (B) 7,500 (C) 7,750 (D) 8,000

2017 - June
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56. The difference between simple and compound interest on a sum of Rs 10000 for 4 years at the rate
of interest 10% per annum is_____
(A) 650 (B) 640 (C) 641 (D) 600

2017 - December
57. If the compound interest on a sum for two year at the rate 5% p.a. is Rs 512.50, then the principal
is _____:
(A) 4,000 (B) 3,000 (C) 5,000 (D) None of these

58. Find effective rate of interest corresponding to the nominal rate of interest 7% compounded
monthly is _____:
(A) 7.26% (B) 7.22% (C) 7.02% (D) 7.20%

2018 - June
59. In a compound interest, if the amount is 9 times to its principle in two years then the rate of
interest is?
(A) 300% (B) 200% (C) 150% (D) 100%

60. If difference between Compound Interest and Simple Interest for 3 years is Rs 912 at the rate 4%
p.a., the principal is
(A) Rs 1,87,500 (B) Rs 1,87,000 (C) Rs 1,87,550 (D) Rs 1,85,700

2018 - May
61. If Rs 1,000 be invested at interest at interest rate of 5% and the interest be added to the principal
every 10 years, than the number of years in which it will amount to Rs 2,000 is:
(A) 16 years (B) 6 (C) 16 Years (D) 6

62. If an amount is kept at S.I. It earns an interest of Rs 600 in first two years but when kept at
compound interest it earns an interest of Rs 660 for the same period, then the rate of interest and
principal amount respectively are:
(A) 20% ., Rs 1,200 (B) 20%, Rs 1,500 (C) 10%, Rs 1,200 (D) 10%., Rs 1,500

2018 – November
63. If Rs 10,000 is invested at 8% per year compound quarterly, then the value of the invested after 2
years is [Given (1 + 0.2)8 = 1.1716591
(A) Rs 10,716,59 (B) Rs 11.716.59 (C) Rs 117.1659 (D) None of these

64. A bank pays 10% rate of interest, interest being calculated half yearly. A sum of Rs 400 is
deposited in the bank. The amount at the end of 1 years will be
(A) Rs 439 (B) Rs 440 (C) Rs 442 (D) Rs 441

65. A men deposited Rs 8,000 in a bank for 3 years at 5% per annum compound interest, after 3 years
he will get
(A) Rs 9,000 (B) Rs 8,800 (C) Rs 9,200 (D) Rs 9,261

66. If in two years time a principal of Rs 100 amounts to Rs 121 when the interest at the rate of r % is
compounded annually, then the value of r will be
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(A) 14 (B) 10.5 (C) 15 (D) 10

67. The effective rate of interest for one year deposit corresponding to a nominal 7% rate of interest
per annum convertible quarterly is
(A) 7% (B) 7.4% (C) Rs 7.5% (D) 7.18%

68. How much will Rs 25,000 amount to in 2 years at compound interest if the rates for the successive
years are 4% and 5% per year
(A) Rs 27,000 (B) 27,300 (C) Rs 27,500 (D) Rs 27,900

69. Rs 8,000/- at 10% per annum interest compounded half yearly will become at the end of the one
year
(A) Rs 8,800 (B) Rs 8,900 (C) Rs 8,820 (D) Rs 9,600

70. The value of furniture depreciates by 10% a year, if the present value of the furniture in an office
is Rs 21870, calculate the value of furniture 3 years ago
(A) Rs 30,000 (B) Rs 40,000 (C) Rs 35,000 (D) Rs 50,000

71. If compound interest on a sum for 2 years at 4% per annum is Rs 102, the simple interest on the
same period at the same rate will be
(A) Rs 90 (B) Rs 100 (C) Rs 101 (D) Rs 93

72. If the difference between the compound interest compounded annually and simple interest on
certain amount at 10% per annum for two years is Rs 372, then the principal amount is
(A) 37,000 (B) Rs 37,200 (C) Rs 37,500 (D) None of the above

73. What is the net present value of piece of property which could be valued at Rs 2 lakh at the end of
2 years? (Annual rate of increase = 5%)
(A) Rs 2,00 lakh (B) Rs 1,81 lakh (C) Rs 20.1 lakh (d) None of the above

2019 – June
74. A sum was invested for 3 years ad per C.I. and the rate of interest for first year is 9%, 2nd year is
6% and 3rd year is 3% p.a. respectively. Find the sum if the amount in three years is Rs 550?
(A) Rs 250 (B) Rs 300 (C) Rs 462.16 (D) Rs 350

75. The effective rate of interest does not depend upon

(A) Amount of principal (B) Amount of interest
(C) Number of Conversion Periods (D) None of these

76. If p.i2 = 96, and R = 8% compounded annually then P =

(A) Rs 14,000 (B) Rs 15,000 (C) Rs 16,000 (D) Rs 17,000

2019 – December
77. The present value of a scooter is Rs 7290. The rate of depreciation is 10%. What was the its value
3 years ago?
(A) 10,000 (B) 10010 (C) 9990 (D) 12000

78. The difference between compound interest, compounded semi annually and simple interest on Rs
400 at 10% p.a. for one year.
(A) Rs 1 (B) Rs 28 (C) Rs 35 (D) Rs 40
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79. In how much time the S.I. on a certain sum becomes 0.125 times to its principle at 10% p.a. is
(A) 1.00 yrs (B) 1.25 yrs (C) 1.50 yrs (D) 2.00 yrs

80. In what time will a sum Rs 800 amounts to Rs 882 at 5% p.a. compounded annually
(A) 1 yrs (B) 2 yrs (C) 3 yrs (D) 4 yrs

81. Find the effective rate of interest if an amount of Rs 30,000 deposited in a bank. For 1 year at the
rate of 10% p.a. compounded semi annually.
(A) 10.05% (B) 10.10% (C) Rs 10.20% (D) Rs 10.25%

82. The present population of a town is Rs 25,000. If it grows at the rate of 4%, 5%, 8% during 1st
year, 2nd year, 3rd year respectively. Then find the population after 3 years.
(A) 29,484 (B) 29,884 (C) 29,448 (D) Rs 28,944

83. An amount Rs 35000 with the rate of interest is 7% per annum , it is compounded on a monthly
basis, then tell the effective rate of interest.
(A) 7.22% (B) 7.64% (C) 7.0% (D) 7.5%

2020 – December
84. On what sum will the compound interest at 5% p.a. for 2 years compounded annually be Rs 3,280
(A) Rs 16,000 (B) 32,000 (C) 48,000 (D) 64,000

85. An amount P becomes Rs 5,100.5 and Rs 5,203 after second and fourth years respectively, at r of
interest per annum compounded annually. Thus, values of P and r are
(A) Rs 5,000 and 1 (B) Rs 4,000 and 1.5 (C) Rs 6,000 and 2 (D) Rs 5,500 and 3

2019 – December
86. The useful life of a machine whose cost is Rs 10,000 is 10 years. If it depreciates at 10% p.a. then
the scrap value of the machine is.
(A) 3486.70 (B) 3158.30 (C) 3500 (D) 7033

2020 – December
87. A certain sum invested at 4% per annum compounded semi-annually amounts to Rs 1,20,000 at
the end of one year. Find the sum
(A) 1,10,120 (B) 1,15,340 (C) 1,12,812 (D) 1,13,113

88. The ratio of principal and the compound interest value for three years (compounded annually) is
216 : 127. The rate of interest is
(A) 0.1567 (B) 0.1777 (C) 0.1666 (D) 0.1588

89. Find the present value of Rs 1,00,000 be required after 5 years if the rate of interest is 9% given
that (1.09)5 = 1.5386
(A) 78,995.98 (B) 64,994.20 (C) 88,992.43 (D) 93,902.12
90. An amount is lent at a nominal rate of 4.5% per annum compounded quarterly. What would be the
gain in rupees over when compounded annully.
(A) 0.56 (B) 0.45 (C) 0.076 (D) 0.85

2021 – January

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91. Find the amount of compound interest, if an amount of Rs 50,000 is deposited in a bank for one
year at the rate of 8% per annum compounded semiannually
(A) 3080 (B) 4080 (C) 5456 (D) 7856

92. The population of a town increase by 2% of the population at the beginning of the year. The
number of year by which the total increases in population would be 40% is:
(A) 7 Years (B) 10 Years (C) 17 Years (D) 19 Years (approx)

93. The simple on sum at 4% p.a. for 2 years is Rs 80. Find the CI on the same sum for the same
period.
(A) Rs 81.6 (B) Rs 80.3 (C) Rs 83.2 (D) Rs 82.3

94. Which is a better investment 9% p.a. compounded quarterly or 9.1% p.a. simple interest?
(A) 9% compounded (B) 9.1 % S.I. (C) Both are same (D) Cannot be said

95. The effective rate of interest corresponding to a nominal rate of 7% p.a. compounded quarterly is
(A) 7.5% (B) 7.6% (C) 7.7% (D) 7.185%

96. A sum of money is lent at C.I. Rate 20% p.a. 2 years. It would fetch Rs 482 more if the interest is
compounded half yearly. The sum is :
(A) Rs 19,800 (B) Rs 19,900 (C) Rs 20,000 (D) Rs 20,100

97. What ‘I’ denote the actual rate of interest in decimal, and n denote the number of conversion
periods, the formula for computing the effective rate of interest E is given by.
(A) (1 + i)n (B) (1 + i)n -1 (C) 1- (1+ i)n (D) (1 + i )-n

2021 – July
98. A sum of Rs 7500 amounts to Rs 9075 at 10% p.a., interest being compounded yearly in a certain
time. The simple interest (In Rs) on the same sum for the same time and the same rate is
(A) 1000 (B) 1250 (C) 1800 (D) 1500

99. If the desired future value after 5 years with 18% interest rate is Rs 1,50,000, then the present
value of (in Rs) is Given that (1.18)5 = 2.2877)
(A) 36,712 (B) 65,568 (C) 53,712 (D) 41/712

100. What is the compound interest (in Rs) on a sum of Rs 12,600 for 1½ years at 20% per annum if the
interest is compounded half yearly? (Nearest to a Rupee)
(A) 4271 (B) 4171 (C) 4711 (D) 4117

101. A sum of Rs x amounts to Rs 27,900 in 3 years and to Rs 41,850 in 6 years at a certain rate per
cent per annum, when the interest is compounded yearly. The value of x is
(A) 16080 (B) 18600 (C) 18060 (D) 16800

102. The effective rate of return for 24% per annum convertible monthly is given as
(A) 24% (B) 26.82% (C) 18% (D) 24.24%

103. What is the difference (in Rs) between the simple interest and the compound interest on a sum of
Rs 8,000 for 2 years as the rate of 10% p.a., when the interest is compounded yearly?
(A) 135.75 (B) 129.50 (C) 151.75 (D) 147.20
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2021 – December
104. S deposits an amount in bank which gives 10% compound interest, compounded annually for 5
years. What is effective rate of simple interest?
(A) 12.21 (B) 11.11 (C) 13.21 (D) 12.81

105. Cost of a laptop is Rs 1,10,000 and its value depreciate 12% annually its life is 6 years its scrap
value ……. Times its cost
(A) 0.44 (B) 0.42 (C) 0.45 (D) 0.48

106. If the compound interest earned at i% p.a. in n years is to be earned at s% simple interest rate for n
years the s =
( ) ( )
(A) i (b) 𝑖 (C) (D)

107. A company needs Rs 10,000 in five years to replace as equipment. How much (in Rs) must be
invested now at the interest rate of 8% p.a. is order to provide for the equipment?
(A) Rs 6,606 (B) Rs 6,806 (C) Rs 10,500 (D) Rs 11,500

108. It needs to pay Rs 5,00,000 after 10 years. He invested a sum in a scheme at 9% rate of interest
compounded half-yearly. How much amount (in Rs) he invested? (1.04519 = 2.41171)
(A) 3.97.321 (B) 2.70.321 (C) 2.97.321 (D) 3.40.321

109. A sum of money is put at 20% compound interest rate p.a. At which year the aggregated amount
just exceeds the double of the original sum?
(A) 5 (B) 6 (C) 4 (D) 3

2022 – June
110. An investment is earning compound interest , Rs 100 invested in the year 2 accumulated to Rs 105
by year 4. If Rs 500 invested in the year 5, will become Rs ………. By year 10.
(A) Rs 364.80 (B) 564.80 (C) 464.80 (D) 664.80

111. 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 3,972 (B) Rs 2,160 (C) Rs 3,120 (D) Rs 3,742

112. The present value of Rs 2,000, after 8 years at the rate of 6% per annum, is ____ .(1.068=1.59385)
(A) Rs 1,054 (B) Rs 1,254 (C) Rs 3,054 (D) Rs 2,054

2022 – December
113. A machine worth Rs 4,90,740 is depreciated at 15% on its opening value each year. When its
value would reduce to Rs 2,00,750.
(A) 5 years 5 months (B) 5 years 6 months (C) 5 Years 7 months (D) 5 years 8 months

114. If Rs 64 Amount to Rs 83.20 in 2 years, what will Rs 86 Amount to in 4 years at the same. Rate
per cent per annum?
(A) Rs 127.60 (B) Rs 147.60 (C) 145.34 (D) 117.60

115. The effective annual rate of interest corresponding to a normal rate of 6% per annum payable half
yearly is:
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(A) 6.06% (B) 6.07% (C) 6.08% (D) 6.09%

116. 10 years ago the Earning Per Share (EPS) of ABC Ltd. was Rs 5 share. Its EPS for this year is Rs
22. Compute at what rate, EPS of the company grow annually?
(A) 15.97% (B) 16.77% (C) 18.64% (D) 14.79%

117. Mr. Prakash invested money in two schemes ‘A’ and ‘B’ offering compound interest at the rate of
8% and 9% per annum respectively. If the total amount of interest accrued through these two
schemes together in two years was Rs 4818.30 and total amount invested was Rs 27,000. What
was the amount invested in Scheme ‘A’?
(A) Rs 12,000 (B) Rs 12,500 (C) Rs 13,000 (D) Rs 13,500

118. The difference between compound interest and simple interest on an amount of Rs 15,000 for 2
Years is Rs 96. What is the rate of interest per annum?
(A) 9% (B) 8% (C) 11% (D) 10%

119. A sum of money doubles itself in 4 years at certain compound interest rate. In how many years this
sum will become 8 times at the same compound interest rate?
(A) 12 years (B) 14 Years (C) 16 Years (D) 18 Years

2023 – June
120. The Nominal rate of interest is 10% per annum. The interest is compounded quarterly. The
effective rate of interest per annum will be:
(A) 10% (B) 10.10% (C) 10.25% (D) 10.38%

121. The difference between compound interest and simple interest on a certain sum of money invested
for 3 years at 6% per annum is Rs 110.16. The principle is:
(A) Rs 3,000 (B) Rs 3,700 (C) Rs 12,000 (D) Rs 10,000

122. A machine depreciates at 10% of its value at the beginning of a year. The cost and scrap value
realized at the time of sale being Rs 23.240 and Rs 9,000 respectively. Approximately, for how
many years the machine is put to use?
(A) 7 (B) 8 (C) 9 (D) 10

123. The population of a town increases every year by 2% of the population at the beginning of that
year. The approximate number of years, by which the total increase of population will be 40%, is
_____ (Given 1.028 = 1.17166)
(A) 15 (B) 17 (C) 19 (D) 20

124. The Compound interest on Rs 15,625 for 9 months at 16% per annum compounded quarterly is:
(A) Rs 1,851 (B) Rs 1,941 (C) 1,951 (D) Rs 1,961

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