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Ci 4

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24 views2 pages

Ci 4

Uploaded by

luv2krishna
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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CI 4

Q. A man borrows Rs. 21000 at 10% compound interest. How much he has to pay annually at
the end of each year, to settle his loan in two years?
A) ₹12000. B) ₹12100 C) ₹12200. D) ₹12300

Q. A man borrowed a sum of Rs. 16,550 from a bank and pay amount in three equal
Installments at the rate of 10% per annum. Find each installments?
A) Rs. 5324. B) Rs. 6655. C) Rs. 3993. D) Rs.6445

Q. A product bought in two annual installment. If the rate at compound interest is 4% and annual
installment is Rs. 2028 the. Find the price of product?
A) 3525. B) 4025. C) 4225. D) 3825. E) 4925

Q. A man borrowed a sum of Rs. 5000 from bank at compound interest at 20% per annum. He
pays bank Rs. 500 at the and of each year. Calculate how much amount he bill pay the and of
3rd year to clear all his dues?
A) 7120. B) 6020 C) 7320. D) 6240. E) NOT

Q. Ravi purchased a refrigerator at this condition that at the time of purchasing he paid a cash
down payment of Rs. 1620 and also paid first year, Second year and third year Rs. 2178, Rs.
2299 and Rs. 2662 respectively. If rate of CI is 10% then find the total price of the refrigerator?
A) Rs. 2300. B) Rs. 7500. C) Rs. 6700. D) Rs. 7200

Q. Rahul borrowed Rs. 10815, which is to be paid back in 3 equal half yearly installments. If the
interest is compounded half yearly at 40/3 % per annum, how much is each instalment?
A) Rs. 2048. B) Rs. 3150. C) Rs. 4096 D) Rs. 5052

Q. An amount of Rs. 6000 becomes Rs. 7200 in 3 years at a certain rate of compound interest.
What will be the amount received after 9 years at the same rate of interest?
A) Rs. 10,614. B) Rs. 11,288. C) Rs. 10,368
D) Rs. 11,612. E) Rs. 19,998

Q. A sum of Rs.7,140 is to be divided between X and Y who are respectively 18 and 19 years
old. Their shares are invested at the rate of 10% per annum at compound interest. After
attaining the age of 21 they receive equal amount. Find the share of X.
A) Rs. 3500. B) Rs. 3400. C) Rs. 3600
D) Rs. 3800. E) Rs. 4000

Q. The difference between compound interest (compounded annually) and simple on a certain
sum of money at the rate of 20 percent per annum (rate of interest is same for simple and
compound interest) for two years is Rs. 60. If the same sum is invested in scheme ABC which
offers interest at the rate of 15 per cent per annum what will be the interest earned from this
particular scheme after 4 years?
A) ₹650. B) ₹900. C) ₹1200 D) ₹750. E) ₹500

Q. Find the principal if the compound interest for the second year is Rs. 71.5 at the rate of 8 %
%?
A) 633.6. B) 936. C) 792. D) 720. E) NOT

Q. Find the principal if the compound interest for the second year is Rs 336 and the rate is 9
1/11%?
A) 3388. B) 3267. C) 3248. D) 4278. E) NOT

Q. If compound interest received on a certain amount in the 2nd year 250. What will be the
compound interest (in ₹) for 3rd year on the same amount at 12% rate of interest?
A) 250. B) 300. C) 280. D) 270

Q. The difference between the compound interest and the simple interest on a sum of Rs. 5000
at a certain rate of interest for 2 years is Rs. 72 The rate of interest per annum is?
A) 12%. B) 9% C) 25%. D) 20%

Q. Dharma invested Rs. P for 3 years in scheme A which offered 12% per annum simple
interest. She also invested Rs. (P+ 400) in scheme B which offered 10% compound interest
(compounded annually), for 2 years. If the amount received from scheme A was less than that
received from scheme B. by Rs. 304, what is the value of P?
A) Rs. 1000. B) Rs. 1400. C) Rs 1500. D) Rs 1200

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