Compound Interest Assignment by Raman Tiwari

Q1 Chandan deposit a sum of rs. 48600 in a scheme which offers interest compounded annually. If the amount in the account
after 4.5 years is rs 115200 , then find the amount after 7.5 years ?

Q2 If the amount received at the end of 2nd and 3rd year at compound interest on a certain sum is Rs 9600 and rs 10368
respectively, what is the rate of interest?

Q3 A certain sum of money amount to rs. 17150 in 4 years and it becomes Rs. 25600 in 7 years. Find the rate of interest , if
compound annually?

Q4 A sum of rs. 5000 amounts to rs 7200 in 8 years at a certain rate percent p.a. , interest compounded yearly. What will be the
compound interest on a sum of Rs 6550 in 4 years at the same rate of interest ?

Q5 Amit got admission in IIM Ahmedabad , to take the admission he took loan from sumit at compound interest. If he return the
amount after 2 years he has to pay rs 3872 and if he return after 3 years he has to pay rs. 4259.20. Amit asked for the same
amount of loan to karan for 5 year 4 month, at simple interest, find the amount he will have to pay karan, if karan take 6.75%
rate of interest p.a. ?

Q6 A man lent out at compound interest amounts to 1250 rs in one year and to 1458 rs in 3 years at a certain rate percentage
p.a., what is the simple interest on the same sum for 5 2/5 years at the same rate of interest ?

Q7 The compound interest on a certain sum at a certain rate percentage p.a. for the second year and third year are 2880 and
3456. What is amount of the same sum at the same rate in 2.5 years interest compounded yearly ?
Compound Interest Assignment by Raman Tiwari
Q8 A man deposit a sum of rs 1620, when his son was 3 years old, with a thought that when the amount will become 5120 , he
will admit his son to school. If scheme is under compound interest with 33.33% rate of interest p.a., find at what age his son
would be able to go to school ?

Q9 A sum of 8000 rs. invested at 10% p.a. amounts to rs 9261 in a certain time, interest compounded half yearly. What will be
the compound interest on the same sum for the same time at double the rate of interest, when interest is compounded
annually?

Q10 Shark Tank India lends 7 crores in LK Enterprises on simple interest for two years at 20% pa. LK Enterprises further lends
that entire sum to PKGP Inc. on compound interest for two years at the same rate annually. Find the percentage gain of LK
Enterprises at the end of two years on the sum lent.

Q11 Nitin invested a certain amount in lottery A for 2 years at 8.5% annual Cl and the remaining amount in lottery B for 3 years
at 15% annual Cl. If the total interest amount received by him is 39.0625% of the total invested amount, then find the ratio of
the invested amount in lottery A to that in lottery B.

Q12 Eight years after completion of your MBA degree, you start a business of your own. You invest ₹3000000 in the business
that is expected to give you a return of 6%, compounded annually. If the expected number of years by which your investment
shall double is 72/r year, where r is the percent interest rate, then what will be the approximate expected total value of
investment (in *) from your business 48 years later?

Q13 A sum of Rs. 9102 was invested in two different savings schemes. Scheme A offered simple interest at the rate of 16% p.a.,
while Scheme B offered compound interest at the rate of 16% p.a. compounding semi-annually. The amount received after two
years from Scheme A was eight times the amount received from Scheme B. What were the approximate amounts invested in
Scheme A and Scheme B, respectively?
Compound Interest Assignment by Raman Tiwari

Q14 A sum of Rs. 15432 was invested in two different savings schemes. Scheme A offered simple interest at the rate of 20% p.a.,
while Scheme B offered compound interest at the rate of 20% p.a. compounding semi-annually. The amount received after two
years from Scheme A was eight times the amount received from Scheme B. What were the approximate amounts invested in
Scheme A and Scheme B, respectively?

Q15 A sum of Rs. 50000 is invested for 19 month at the interest of 24% per annum compounded 7 monthly. What is the
percentage gain, correct to three Decimal place, at the end of 19 month ?

Q16 Following are some short which directly can come in exam like snap , cmat nmat, BUT for cat and xat such questions would
be a part of long question

1. A sum of money placed at compound interest double itself in 8 years. In how many years will it amount to 256 times itself
2. A sum of money becomes 1.728 times of itself in 24 years then in how many years it was 1.2 times of itslef
3. A sum of money placed at compound interest become 27 times of itself in 15 years. In 25 years, it will become how many
times ?
4. At what rate per annum will rs 24000 yield a compound interest of rs. 3783 in 3 years, compounded annually
5. At what rate per annum will rs 24000 yield a compound interest of rs. 3783 in 9 month, compounded quaterly?
6. At 20% rate per annum rs 24000 yield a compound interest of rs. 3783 in t years, compounded annually
7. At 20% rate per annum rs 24000 yield a compound interest of rs. 3783 in t month, compounded quaterly