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Question 1: If the difference between Simple Interest

and Compound Interest at 10% p.a rate of interest for 3
years is Rs. 930, then find the Sum.
A) Rs 25,000
B) Rs 30,000
C) Rs 35,000
D) Rs 40,000
E) None of these
Question 2: On a certain rate of interest a sum of Rs
5000 becomes Rs 16,200 in certain years at compound
interest. In half of the time given, this sum will become?
A) Rs 10,000
B) Rs 5,600
C) Rs 9,000
D) Cannot be determined
E) None of these
Question 3: If a certain sum becomes double in 3 years
at certain rate of interest at C.I. Then in how many years
it will become 16 times?
A) 12 years
B) 24 years
C) 8 years
D) Cannot be determined
E) None of the above

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Question 4: Ram invests two sum of money A and B at Question 7: A sum of Rs 343 becomes 512 in 3 years at
10% p.a. and 20% p.a respectively at CI for 2 years. IF C.I. Find the rate of interest.
the total interest on both the sum is Rs 5350 then find A) 14 (2/7) %
the sum invested in A if the total sum of A and B was Rs B) 12.5 %
20,000? C) 8 (2/3) %
A) Rs 5,000 D) 16 (2/3) %
B) Rs 10,000 E) None of these
C) Rs 12,000 Question 8: Find the C.I on Rs 20,000 at 10% rate of
D) Rs 15,000 interest in 2 years if compounded half yearly.
E) None of these (Approximately)
Question 5: The compound interest on a certain sum for A) Rs 4210
2 years at a certain rate of interest is Rs 1025 and B) Rs 4310
Simple Interest on the same sum, same time and same C) Rs 4410
rate of interest is Rs 1,000. Then find the C.I for same D) Rs 4510
sum in 3 years. E) None of these
A) Rs 1575.25 Question 9: A sum of Rs 6,000 was taken as a loan. This
B) Rs 1576.25 is to be repaid in two equal annual installments. If the
C) Rs 1576.75 rate of interest is 20% compounded annually then find
D) Rs 1575.75 the value of each installment.
E) None of these A) Rs 4400
Question 6: A sum becomes triple in 6 years at S.I. The B) Rs 2220
C) Rs 4320
same sum will become 19 times in how many years?
D) Rs 4420
A) 50 years
B) 48 years E) None of these
C) 54 years
D) 57 years
E) None of these

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Question 10: If the ratio of difference between CI and SI Question 14: The difference between simple and
for 3 years and 2 years is 31:10, then find the Rate of compound interests compounded annually on a certain
Interest. sum of money for 2 years at 4% per annum is Rs 1. Find
A) 11.11% the sum
B) 10% A. Rs 600
C) 20% B. Rs 625
D) 25% C. Rs 650
E) None of these D. Rs 675
Question 11: What will be the difference between simple Question 15: The present worth of Rs.169 due in 2 years
and compound interest @ 10% per annum on the sum of at 4% per annum compound interest is
Rs 1000 after 4 years A.Rs 155.25
A.Rs 62.10 B.Rs 156.25
B. Rs 63.10 C.Rs 157.25
C.Rs 64.10 D.Rs 158.25
D.Rs 65.10 Question 16: Simple interest on a certain sum of money
for 3 years at 8% per annum is half the compound
Question 12: Find the compound interest on Rs.16,000 interest on Rs. 4000 for 2 years at 10% per annum. The
at 20% per annum for 9 months, compounded quarterly sum placed on simple interest is
A. Rs 2520 A. Rs 1650
B. Rs 2521 B. Rs 1750
C. Rs 2522 C. Rs 1850
D. Rs 2523 D. Rs 1950
Question 13: Find the compound interest on Rs. 7500 at Question 17: In what time will Rs.1000 become Rs.1331
4% per annum for 2 years, compounded annually. at 10% per annum compounded annually
A.2 Years
A. Rs. 610 B.3 Years
B. Rs. 612 C.4 Years
C. Rs. 614
D.5 Years
D. Rs. 616
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Question 18: The difference between compound interest Question 21: A sum of rupees 4420 is to be divided
compounded every 6 months and simple interest after 2 between rakesh and prakash in such a way that after 5
years is 248.10. The rate of interest is 10 percent. Find years and 7 years respectively the amount they get is
the sum equal. The rate of interest is 10 percent. Find the share
A) 12000 of rakesh and prakash
B) 14000 A) 2000, 2420
C) 16000 B) 2420, 2000
D) 18000 C) 2480, 2420
E) None of these D) 2210, 2210
Question 19: A person earns an interest of 240 on E) None of these
investing certain amount at Simple interest for 2 years Question 22: The simple interest on a certain sum of
at 5 percent amount. If the rate of interest is money for 4 years at 15 percent per annum is 600. Find
compounded annually then how much more interest the compound interest in the same sum at 10 percent
will be gain by the person at same rate of interest and on interest for 2 years
the same sum. A) 220
A) 6 B) 200
B) 8 C) 210
C) 12 D) 120
D) 10 E) None of these
E) None of these Question 23: Find the effective annual rate of 10 percent
Question 20: Find the least number of years in which the per annum compounded half- yearly-
sum put at 25% rate of interest will be more than A) 10.5
doubled. B) 10.25
A) 2 years C) 11.25
B) 3 years D) 11.50
C) 4 years E) None of these
D) 5 years Question 24: A sum of rupees 3200 is compounded
E) None of these annually at the rate of 25 paise per rupee per annum.
Find the compound interest payable after 2 years.

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A) 1200 E) None of these

B) 1600 Question 28: A part of 70000 is lent out at 10% annum.
C) 1800 The rest of the amount is lent out at 5% per annum after
D) 2000 one year. The ratio of interest after 3 years from the
E) None of these time when first amount was lent out is 1:2. Find the
Question 25: A sum of 3000 becomes 3600 in 3 years at second part that was lent out at 5%.
15 percent per annum. What will be the sum at the same A.40000
rate after 9 years. B.50000
A) 5124 C.60000
B) 5184 D.48000
C) 5186 E.55000
D) 5192 Question 29: There is 50% increase in an amount in 5
E) None of these years at simple interest. What will be the compound
Question 26: Priya saves an amount of 500 every year interest of Rs. 12,000 after 3 years at the same rate?
and then lent that amount at an interest of 10 percent A.Rs. 2255
compounded annually. Find the amount after 3 years. B.Rs. 2792
A) 1820.5 C.Rs. 3580
B) 1840.5 D.Rs. 3972
C) 1920.5 E. None of these
D) 1940.5 Question 30: Karthik lends a certain amount to Vignesh
E) None of these on simple interest for two years at 20%. Vignesh gives
Question 27: A man borrows 10000 rupees at 20 % this entire amount to Kamal on compound interest for
compound interest for 3 years. If every year he pays two years at the same rate annually. Find the percentage
2000 rupees as repayment. How much amount is still earning of Vignesh at the end of two years on the entire
left to be paid by the man? amount.
A) 5000 A.3%
B) 7000 B.3(1/7)%
C) 9000 C.4%
D) 10000 D.5(6/7)%
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E.None of these at the end of two years is Rs. 450. What is definitely the
Question 31: A man borrows 3000 rupees at 10% rate of interest per cent per annum?
compound interest. At the end every year he pays A.8400
rupees 1000 back. How much amount should he pay at B.4800
the end of the fourth Year to clear all his debt? C.7800
A.Rs. 680.5 D.Data inadequate
B.Rs. 651.3 E.None of these
C.Rs. 751.3 Question 35: The CI on Rs.6000 for 3 years at 8% for
D.Rs. 790.3 first year, 7% for second year, 6% for the third year will
E.None of these be
Question 32: Rahul saves an amount of 800 every year A.Rs.1430
and then lent that amount at an interest of 10 percent B.Rs.1530
compounded annually. Find the amount after 3 years. C.Rs.1250
A.Rs. 1822.8 D.Rs.1350
B.Rs. 2252 E.None of these
C.Rs. 2550.50 Question 36: Venkat and Vidhya have to clear their
D.Rs. 2912.8 respective loans by paying 2 equal annual instalments of
E.None of these Rs.30000 each. Venkat pays at 10% pa of SI and
Question 33: Find the compound interest at the rate of Vidhyapays at 10% CI pa. What is the difference in their
8% for 3 years on that principal which in 3 years at payments ?
therate of 10% per annum gives 300 as simple interest. A.200
A.180.515 B.300
B.220.25 C.400
C.259.712 D.500
D.289.624 E.None of these
E.312.51 Question 37: The difference between interest received
Question 34: The difference between the total simple by Vivek and Vimal is Rs.405 on Rs.4500 for 3 years.
interest and the total compound interest compounded What is the difference in rate of interest ?
annually at the same rate of interest on a sum of money A.1.5%
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B.2% E. None of these

C.3% Question 40: Mr. Bede wins Rs. 120000 on Kaun Banega
D.2.7% Crorepati. He has to pay 25% as gift tax to the
E.None of these government. He places remaining money in fixed deposit
Question 38: Sachin had ₹ 23,000. He invested some @ 10% compounded annually. However, he has to pay
amount in scheme A at SI at 20% and the remaining 20% tax on the interest. How much money does Mr. Bede
amount in scheme B at CI at 10%. If Sahil got the same has after 4 years?
amount from both of them at the end of one year, how
much (in ₹) did he invest in scheme B ? A. Rs. 122444
B. Rs. 112880
A. 10000 C. Rs. 116440
B. 11000 D. Rs. 118660
C. 11500 E. None of these
D. 12000 Question 41: A person closes his account in an investment
E. 13000 scheme by withdrawing Rs 10000. One year ago, he had
Question 39: Pankaj borrowed a total amount of withdrawn Rs 6000. Two years ago he had withdrawn Rs
Rs.32500 from his three friends Raj, Akash and Suresh. 5000. Three years ago he had not withdrawn any money.
All of his friends apply different rates of interest in such How much money had he deposited approximately at the
a way that Raj applies 12%, Akash applies 16% and time of opening the account 4 years ago, if the annual rate
Suresh applies 18% interest rate respectively and total of compound interest is 10%.
he gives Rs.5090 as interest. If the amount that Pankaj
had taken from Raj is 18/25 of the amount taken from A. Rs. 15470
Suresh, then find that what amount Pankaj has taken B. Rs. 16680
from Akash? C. Rs. 14250
D. Rs. 15200
A. Rs. 13000 E. None of these
B. Rs. 12000
C. Rs. 11000 Question42: A lent an amount of Rs. 1100 to B. This is to
D. Rs. 10000
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be paid back to A in two instalments. If the rate of D. Rs. 289,325

interest, which A charges to B, be 20% compounded E. None of these
annually, then what is the value of each instalment ?
Question 45: A certain amount of money is lent out at
A. Rs. 730 compound interest at the rate of 20% per annum for two
B. Rs. 780 years, compounded annually. It would give Rs. 482 more
C. Rs. 750 if the amount is compounded half yearly. Find the
D. Rs. 720 principle.
E. None of these
A. Rs. 30000
Question 43: The simple interest accrued on an amount B. Rs. 10000
of Rs. 18,500 at the end of three years is Rs. 7770. What C. Rs. 15000

would be the compound interest accrued on the same D. Rs. 25000

amount at the same rate in the same period? E. None of these

Question 46: A man gave 50% of his savings of Rs 67,280

A. Rs. 8908.56 to his wife and divided the remaining sum between his
B. Rs. 8218.27 two sons A and B of 14 and 12 years of age respectively.
C. Rs. 7754.82 He divided it in such a way that each of his sons, when
D. Rs. 9537.47 they attain the age of 18 years, would receive the same
E. None of these amount at 5% compound interest per annum. The share
of B was
Question 44: Shantanu borrowed Rs. 2.5 lakh from a bank A. 16500

to purchase one car. If the rate of interest be 6% per B. 15000

annum compounded annually, what payment he willhave C. 15020

to make after 2 years 6 months? D. 16000

E. None of these

A. Rs. 189,325 Question 47: Aditya and Bhushan invested 10000 each in
B. Rs. 186,325 scheme A and scheme B respectively for 3 years. Scheme
C. Rs. 389,325 A offers Simple interest @ 12% per annum and
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scheme B offers compound interest @ 10%. After 3 years, D. Rs. 50000

who will have larger amount and by how much? E. None of these
Question 50: Reet invested an amount of Rs A for 2 years
A.Aditya, 280 at 12% compound interest and received some amount of
B.Bhushan, 280 interest. Sonali invested Rs (A + 1500) for 3 years at 8%
C. Adiya, 290 simple interest and received same amount of interest as
D. Bhushan, 290 Reet received. Find the amount that is invested by Reet.
E. None of these

Question 48: A sum of Rs. 9960 was borrowed at 15/2% A. Rs 20000

per annum compound interest and paid back in two B. Rs 25000
years in two equal annual installments. What was the C. Rs 30000
amount of each installment? D. Rs 27500
E. Rs 22500
A. Rs. 5,345 Question 51: The difference between compound interest
B. Rs. 5547 and simple interest on a sum for two years at 8% per
C. Rs. 5847 annum, where the interest is compounded annually is
D. Rs. 5397 Rs.16. if the interest were compounded half yearly , the
E. None of these difference in two interests would be nearly
Question 49: Shivani has some amount of money ans she A. 24.64
invested the money in two schemes A and B in the ratio of B. 26.64
2 : 5 for 2 years, scheme A offers 30% pa compound C. 28
interest and scheme B offers 15% pa Simple interest. D.18
Difference between the interest earned from both the
E. 14
schemes is Rs.1080. How much was invested in scheme
B?
Question 52: The difference between the simple interest
on a certain sum at the rate of 10%per annum for 2
A. Rs. 45000
years and compound interest which is compounded
B. Rs. 36000
every 6 months is Rs.124.05. what is the principal sum
C. Rs. 40000
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A. 8000 A.10
B. 6000 B. 11
C. 12
C. 12000
D. 13
D.34000
E. 15
E. 24000
Question 56: The population of a town was 3600 three
Question 53: Reena took a loan of Rs. 1200 with simple
years back. It is 4800 right now. What will be the
interest for as many years as the rate of interest. If she
population three years down the line, if the rate of
paid Rs. 432 as interest at the end of the loan period,
growth of population has been constant over the years
what was the rate of interest?
and has been compounding annually?
A.4
A.6000
B.6
B.6400
C.18
C.6600
D.10
D.7000
E.12
E.7500
Question 54: The compound interest on a sum of money
Question 57: A man invests Rs.5000 for 3 years at 5%
for 2 years is rs.832 and the simple interest on the same
p.a. compound interest reckoned yearly. Income tax at
sum for the same period is rs.800 .the difference
the rate of 20% on the interest earned is deducted at the
between the compound interest and simple interest for
end of each year. Find the amount at the end of the third
3 years
year
A. 50 A.5624.32
B. 66.56 B.5500
C. 98.56 C.5456.33
D.102 D.5000
E. 80 E.5200
Question 55: On a sum of money, the simple interest for Question 58: he compound interest on a certain sum for
2 years is Rs. 660,while the compound interest is 2 years at 10% per annum is Rs. 525. The simple
Rs.696.30,the rate of interest being the same in both the interest on the same sum for double the time at half the
cases. The rate of interest is rate percent per annum is
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A.400 B.1600
B.500 C.1750
C.600 D.1650
D.700 E.1800
E.800 Question 62: If you deposit $4000 into an account paying
Question 59: Rs. 5887 is divided between Shyam and 6% annual interest compounded quarterly, how much
Ram, such that Shyam's share at the end of 9 years is money will be in the account after 5 years ?
equal to Ram's share at the end of 11 years, A.5600
compounded annually at the rate of 5%. Find the share B.6200
of Shyam. C.5887.42
A.3000 D.6245.50
B.4000 E. none of these
C.3087 Question 63: Shawn invested one half of his savings in a
D.5000 bond that paid simple interest for 2 years and received
E.4200 Rs.550 as interest. He invested the remaining in a bond
Question 60: Divide Rs. 1301 between A and B, so that that paid compound interest, interest being
the amount of A after 7 years is equal to the amount of B compounded annually, for the same 2 years at the same
after 9 years, the interest being compounded at 4% per rate of interest and received Rs.605 as interest. What
annum. was the value of his total savings before investing in
A.625 these two bonds?
B.600 A.2700
C.525 B.2680
D.500 C.2890
E.580 D.2750
Question 61: Simple interest on a certain sum of money E.1200
for 3 years at 8% per annum is half the compound Question 64: A five-year promissory note with a face
interest on Rs. 4000 for 2 years at 10% per annum. The value of $3500, bearing interest at 11% compounded
sum placed on simple interest is: semiannually, was sold 21 months after its issue date to
A.1700 yield the buyer 10% compounded quarterly. What
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amount was paid for the note E.8%

A.4336.93 Question 67: On a certain sum of money, after 2 years
B.4250 the simple interest and compound interest obtained are
C.4500 Rs 800 and Rs 960 respectively. What is the sum of
D.4480.50 money invested?
E.3790.80 A) Rs 1420
Question 65: A chartered bank offers a five-year B) Rs 1325
Escalator Guaranteed Investment Certificate. In C) Rs 1000
successive years it pays annual interest rates of 4%, D) Rs 1405
4.5%, 5%, 5.5%, and 6%, respectively, compounded at E) Rs 1375
the end of each year. The bank also offers regular five- Question 68: Rs 6000 becomes Rs 7200 in 3 years at a
year GICs paying a fixed rate of 5% compounded certain rate of compound interest. What will be the
annually. Calculate and compare the maturity values of amount received after 9 years?
$1000 invested in each type of GIC. (Note that 5% is the A) Rs 11,498
average of the five successive one-year rates paid on the B) Rs 10,352
Escalator GIC.) C) Rs 9,368
A.1276.28 D) Rs 10,368
B.1200 E) None of these
C.1378.90 Question 69: A man borrows Rs 4000 at 8% compound
D.1090.50 interest for 3 years. At the end of each year he paid Rs
E.1490 500. How much amount should he pay at the end of 3rd
Question 66: At a certain rate of interest the compound year to clear the debt?
interest of 3 years and simple interest of 5 years for A) Rs 4254.5
certain sum of money is respectively Rs. 1513.2 and Rs. B) Rs 3465.2
2400. Find the common rate of interest per annum ? C) Rs 3485.2
A.5% D) Rs 4345.4
B.4% E) Rs 3915.6
C.6% Question 70: A sum of money is lent for 2 years at 20%
D.7% p.a. compound interest. It yields Rs 482 more when
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compounded semi-annually than compounded annually. B) Rs 28,000

What is the sum lent? C) Rs 31,500
A) Rs 25,600 D) Rs 32,500
B) Rs 20,000 E) None of these
C) Rs 26,040 Question 74: A sum of money is lent at simple interest
D) Rs 40,500 and compound interest. The ratio between the
E) None of these difference of compound interest and simple interest of 3
Question 71: The compound interest obtained after 1st years and 2 years is 35 : 11. What is the rate of interest
and 2nd year is Rs 160 and Rs 172.8 respectively on a per annum?
certain sum of money invested for 2 years. What is the A) 20 3/4%
rate of interest? B) 17 2/5%
A) 10% C) 18 2/11%
B) 8% D) 22 1/5%
C) 8.5% E) 24 5/6%
D) 9% Question 75: A sum of money borrowed at 5%
E) 9.2% compound interest is to paid in two annual installments
Question 72: A sum of money becomes Rs 35,280 after 2 of Rs 882 each. What is the sum borrowed?
years and Rs 37,044 after 3 years when lent on A) Rs 1650
compound interest. Find the principal amount. B) Rs 2340
A) Rs 32,000 C) Rs 2630
B) Rs 28,000 D) Rs 1640
C) Rs 31,500 E) Rs 2640
D) Rs 32,500 Question 76: Rs 3903 is to be divided in a way that A’s
E) None of these share at the end of 7 years is equal to the B’s share at the
Question 73: The difference between compound interest end of 9 years. If the rate of interest is 4% compounded
earned after 3 years at 5% p.a. and simple interest annually, find A’s share.
earned after 4 years at 4% p.a. is Rs 76. Find the A) Rs 2475
principal amount. B) Rs 1875
A) Rs 32,000 C) Rs 2175
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D) Rs 1935 D.1800
E) Rs 2028 E.1300
Question 77: The compound interest earned by Sunil on Question 80: A certain sum is to be divided between A
a certain amount at the end of two years at the rate of and B so that after 5 years the amount received by A is
8% p.a. was Rs.2828.80. Find the total amount that Sunil equal to the amount received by B after 7 years. The rate
got back at the end of two years in the form of principal of interest is 10%, interest compounded annually. Find
plus interest earned ? the ratio of amounts invested by them.
A.18890.20 A.121:110
B.19828.80 B.121:100
C.20149 C.123.100
D.21788.90 D.Can’t be determine
E.23339.90 E.None of these
Question 78: Simple interest on a certain sum of money
• Banking Awareness Study Notes
for 3 years at 8% per annum is half the compound
interest on Rs. 4000 for 2 years at 10% per annum. The • Static GK State Wise Notes
sum placed on simple interest is • Quantitative Aptitude notes
A.1350 • English Grammar Rules Notes
B.1680
• Join Telegram Channel- Click Here
C.1750
D.1850 • Join Telegram Group- Click Here
E.2050
Question 79: The compound interest on a certain sum
for 2 years at 10% per annum is Rs. 1155. The simple
interest on the same sum for double the time at half the
rate percent per annum is ?

A.1100
B.1200
C.1090
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