Compound Interest
Compound Interest
CA FOUNDATION
COMPOUND INTEREST
1. In the following question, two statement are numbered as A and B. on solving these statements, we
get quantities A and B respectively. Solve both quantities and chose the correct option.
Quantity A: Jung Kook invest Rs.2500 and Rs.3000 for 2 years on simple interest at the rat of 15%
and 20% respectively. After 2 years, he invested the total amount at a certain rate at compound
interest annually for one year. The difference of interest earned after one year is Rs.1205, then find
the rate of interest at which he invested that amount at compound interest.
Quantity B: 11%
(a) Quantity A ≥ Quantity B (c) Quantity A < Quantity B
(b) Quantity A ≤ Quantity B (d) Quantity A > Quantity B
(e) Quantity A = Quantity B or, No relation
2. The difference between the compound interest on a certain sum of money at 20% for second and
first years is Rs.1200. find the sum?
(a) Rs.25000 (b) Rs.30000 (c) Rs.50000 (d)Rs.5000
3. If certain sum of money yields Rs.2522 as compounded interest for 3 years at 5% per annum then
what will be the sum?
(a) Rs.12000 (b) Rs.10000 (c) Rs.1500.0 (d) none of these
4. The interest received on a certain sum of money at 20% per annum compounded annually for 2
years is Rs.4600 more than compounded half yearly for 1 year. Find the sum of money
(a) Rs.20000 (b) Rs.32000 (c) Rs.50000 (d) Rs.47000
5. The SI on a certain sum of money for 5yrs at 7%pa is half The CI on 15000 for 2 years at 10% pa. find
the sum placed on simple interest.
(a) Rs.4648 (b) Rs.5000 (c) Rs.4500 (d) Rs.4558
6. If the principal of Rs.10000 amounts to Rs.14400 with 20% p.a. rate of interest compounded
annually. Calculate the time for which it was invested.
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(a) 10 years (b) 5 years (c) 1 4 years (d) 2 years
7. A principal amount of Rs.30000 is invested for 2 years giving a compounded interest of Rs.9675. find
the compound interest calculated half-yearly at the sane rate of interest on double principal amount
for 1.5 years.
(a) Rs.14537.8 (b) Rs.23450.50 (c) Rs.19690 (d) Rs12566.5
8. A man wants to invest Rs.40440 in bank account of his two sons whose age were 12 years and 16
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years in such a way that they will get equal amount at age of 20 years @33 % per annum
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compounded annually. Find the share of younger son?
(a) Rs.30720 (b) Rs.10110 (c) Rs.9270 (d) Rs.9720
9. Nobita purchased a car at Rs.120000 and sold it to Suzka at 33.33% loss and invested this amount on
compound interest at a 20% rate of interest per annum for 3 years. If the inflation rate is 5% then
after 3 years his total profit or loss.
(a) Profit Rs.6750 (b) profit Rs.5760 (c) loss Rs.6750 (d) none of these
10. A sum of Rs.20000 is invested at compound interest for 2 years at two different rates of interest of
10% p.a. for the first year and 5% per annum for the next year. Find the compound interest after 2
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years.
(a) Rs.3100 (b) Rs.3600 (c) Rs.2300 (d) Rs.5000
11. A sum of money is put at CI for 2 years at 20% and compounded annually. It would fetch Rs.101.22
more if the interest is payable half-yearly. Find the sum.
(a) Rs.5000 (b) Rs.3780 (c) Rs.5278 (d) none of these.
12. The compound interest on R.18000 at the rate of 10% p.a. is Rs.3780 for a certain period. What will
be the normal interest on the same amount at the same rate for double period?
(a) Rs.7200 (b) Rs.7000 (c) Rs.6800 (d) Rs.7500
13. If the compound interest on a principal for one year is Rs.200 and the compound interest for 2nd year
is Rs.240. find the rate of interest.
(a) 5% (b) 10% (c) 15% (d) 20%
14. A sum amounts to Rs.29282 after 2 years when compounded half yearly at the rate of 20%. Find the
amount when same sum compounded annually at same rate of interest for same time.
(a) Rs.28800 (b) Rs.25282 (c) Rs.22000 (d) Rs.24000
15. The difference between the compound interest (compounded annually) and the simple interest on a
sum of Rs.10000 at a certain rate of interest for two years is 25. What will be the rate of interest per
annum?
(a) 2% (b)3% (c) 4% (d) 5%
16. A person lends a certain sum at a certain rate for 2 years at compound interest. The sum becomes
4500 after 2 years but 6750 when it is lent for 4 years. Find the sum
(a) 3000 (b) 3210 (c) 3562 (d) 2956
17. An amount becomes 25 times in 8 years and 114 time in 10 years at compound interest, then find
the rate of interest?
(a) 14% (b) 40% (c) 140% (d) 150%
18. A man borrowed rs.9000 at the rate of 10% p.a. compound interest. At the end of 3rd year how much
money should he paid so that the whole sum be paid.
(a) 5049 (b) 5050 (c) 5070 (d) 5060
19. A certain sum amounts to Rs.11520 in 4 years at the rate of 15% p.a. simple interest. What will be
the amount of the same sum in 2 years at the same rate, if the interest is compounded 8-monthly
(nearest to Rs.)?
(a) Rs.9853 (b) Rs.9338 (c) Rs.9583 (d) Rs.9538
20. A sum of Rs.100 is lent at 10% p.a. compound interest. What is the difference between the
compound interest for the second year and the third year?
(a) Rs. 1 (b) Rs. 1.1 (c) Rs. 1.2 (d) Rs. 1.5
No. of question- 20
Total marks- 20
P. marks- 20
Time- 20 minute
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