Compound Interest By Anil Mendiratta

1. If P, A, R, N respectively represent the principal, total 12. The difference between the compound intrest and the
amount, rate and number of years, then : simple interest on a sum of money lent for 2 years at
N 10% is Rs. 40. The sum is :
 R   NP 
(a) A  P 1   (b) A  R 1   (a) Rs. 8000 (b) Rs. 6000(c) Rs. 5000 (d) Rs. 4000
 100   100 
13. The difference between compound interest and simple
 RP   NR  intrest on Rs. 1250 for 2 years at 8% is :
(c) A  N  1   (d) A  P 1   (a) Rs. 2 (b) Rs. 4 (c) Rs. 6 (d) Rs. 8
 100   100 
14. The compound intrest on Rs. 2000 for 3 years is Rs.
2. An amount of Rs. 600 is compounded annually at the rate 315.25. The rate of interest is :
of 5%. The amount to be paid after 3 years is : (a) 3% (b) 4% (c) 5 % (d) 6%
(a) Rs.694.57 (b) Rs.550.24(c) Rs. 700.32 (d) Rs. 396.75 15. The least number of complete years in which a sum of
2 money put out at 20% compound interest will be more
3. The compund interest on Rs. 540 at 16 % per annum
3 than doubled is :
for 2 years is : (a) 5 years (b) 4 years (c) 6 years (d) 7 years
(a) Rs.735 (b) Rs. 180 (c) Rs. 195 (d) Rs. 192.50 16. At compund interest, if a certain sum of money doubles
4. The difference between the simple interest and the com- in n years, then the amount will be four fold in:
pound interest on Rs. 600 for 1 year at 10% per annum, (a) 2n2 yrs. (b) n2 years (c) 4n yrs. (d) 2n years.
reckoned half - yearly is : 17. A saving bank gives interest which compounds annu-
(a) Nil (b) Rs. 6.50 (c) Rs. 4.40 (d) Rs. 1.50 ally. Mr. X deposited Rs. 100 and received Rs. 121 at
5. The difference between compound interest on Rs. 800 the end of second year. Rate of compound interest per
for 1 year at 20% per annum when compounded half - annum is :
yearly and quarterly, is : (a) 10 % (b) 20 % (c) 10.5 % (d) 20.5 %
(a) Nil (b) Rs. 2.50 (c) Rs. 4.40 (d) Rs. 6.60 18. The difference between simple and compound interest
1 compounded yearly @ 4% in two year period on a cer-
6. Simple interest on a sum at 12 % per annum for 2 years tain amount of money is Rs. 1. The amount is money is?
2
is Rs. 256. the compound interest on the same sum at the (a) 10% (b) 20% (c) 10.5 % (d) 20.5%
same rate and for the same period is : 19. A sum of money on compound interest amounts to Rs.
(a) Rs. 264 (b) Rs. 272 (c) Rs. 262.40 (d) Rs. 265.80 9680 in 2 years and to Rs. 10648 in 3 yrs. The rate of
7. A sum of money doubles itself at compound interest in 15 interest per annum is:
years. It will become eight times in : (a) 5% (b) 10% (c) 15% (d) 20%
(a) 30 yrs. (b) 40 yrs. (c) 45 yrs. (d) 60 yrs. 20. The difference between compound interest and simple
8. The difference between the simple interest and compound interest at the same rate for Rs. 5000 for 2 yrs. is Rs.
interest for 2 years at 4% per annum is Rs. 20. The prin- 72. The rate of interst per annum is :
cipal amount (in rupees0 will be : (a) 6% (b) 8% (c) 10% (d) 12%
(a) 12000 (b) 12500 (c) 13000 (d) 13500 21. A sum of money amounts to Rs. 6690 after 3 years and
9. If the compound interest of an amount at the rate of 5% to Rs. 10035 after 6 years on compound interest.The
per annum for 2 years is Rs. 123, then the principal is : sum is :
(a) Rs. 1000 (b) Rs. 1100 (c) Rs. 1200 (d) Rs. 1300 (a) Rs. 4400 (b) Rs. 4460(c) Rs. 4520 (d) Rs. 4445
10. A sum of Rs. 400 would become Rs. 441 after 2 years if 22. A sum amounts to Rs. 2916 in 2 years and to Rs. 3149.28
the rate of compund interest were: in 3 years at compound interest. The sum is :
(a) Rs. 1500 (b) Rs. 2000(c) Rs. 2500 (d) Rs. 3000
1 1 23. The compound interest on a certain sum of money for 2
(a) 2 % (b) 5 % (c) 7 % (d) 10 %
2 2 years at 10% per annum is Rs. 420. The simple interest
11. Rs. 800 amounts to Rs. 10648 in 3 years at compound on the same sum at the same rate and for the same tme
intrest. The rate of interest is : will be :
(a) 8 % (b) 9 % (c) 10 % (d) 12 % (a) Rs. 350 (b) Rs. 375 (c) Rs. 380 (d) Rs. 400
 Compound Interest By Anil Mendiratta

24. A sum of Rs. 550 was taken as a loan. This is to be paid 33. A person invested a certain amount at simple interest at
back in two equal instalments. If the rate of interest be the rate of 6 per cent per annum earning Rs. 900 as an
20% compounded annually, then the value of each instal- interest at the end of three years. Had the interest been
ment is: compounded every year, how mouch more interest
(a) Rs. 421 (b) Rs. 396 (c) Rs. 360 (d) Rs. 350 would he have earned on the same amount with the
25. The difference between the compound interest and simple same interest rate after three years ?
interest for 2 years on a sum of money is Rs. 160. If the (a) Rs. 38.13 (b) Rs. 25.33(c) Rs. 55.08 (d) Rs. 35.30
simple interest be Rs. 2880, the rate percent is: 34. Find the least number of complete years in which a sum
5 1 1 of money put out at 20 per cent compound interest wil
(a) 5 % (b) 12 % (c) 11 % (d) 9%
9 2 9 be more than doubled.
26. The difference between simple interest and the compound (a)2years (b)3 years(c) 4 years (d) Data inadequate
interest on a certain sum of money for 3 yrs. at 10 % per 35. Divide Rs. 3903 between A and B, so that A's share at
annum is Rs. 15.50. The sum is : the end of 7 years may equal to B's share at the end of
(a) Rs. 500 (b) Rs. 500 (c) Rs. 600 (d) Rs. 460 9 years, compound interest being at 4 per cent.
27. The compound interest on a sum for 2 years is Rs. 832 (a) Rs. 2028, Rs. 1875
and the simple interest on the same sum for the same (b) Rs. 2018, Rs. 1885
period is Rs. 800. The difference between the compound (c) Rs. 2008, Rs. 1895
interest and the simple interest for 3 years. will be : (d) Rs. 2038, Rs. 1865
(a) Rs. 48 (b) Rs. 66.56(c) Rs. 98.56 (d) Rs. 96.48
28. The difference between simple interest and compound
interest on a sum for 2 years at 8%, when the interest is
compounded annually is Rs. 16. If the interest were com-
pounded half - yearly, the difference in 2 years would be
nearly:
(a) Rs. 16 (b) Rs. 16.80 (c) Rs. 21.85 (d) Rs. 24.64
29. A sum of Rs. 12000 deposited at compound interest be-
comes double after 5 years. After 20 years it will be-
come:
(a) Rs. 120000 (b) Rs. 192000
(c) Rs. 124000 (d) Rs. 96000
2
30. The compound interest on Rs. 480 at 16 % per annum
3

3
for 2 % years will be:
4
(a) Rs. 260 (b) Rs. 252 (c) Rs. 255 (d) Rs. 263.33
31. The compound interest on Rs. 5000 for 3 years at 8% for
first year, 10 % for second year and 12% for third year,
will be:
(a) Rs. 1652.80 (b) Rs. 1560.40 Answer Sheet
(c) Rs. 1565.60 (d) Rs. 1500 1 (a) 2 (a) 3 (c) 4 (d) 5 (c)
32. The difference between the simple an the compound in- 6 (b) 7 (c) 8 (b) 9 (c) 10 (b)
terest compounded six months at the rate of 10 percent 11 (c) 12 (d) 13 (d) 14 (c) 15 (b)
per annum at the end of two years is Rs. 124.05. What is 16 (d) 17 (a) 18 (d) 19 (b) 20 (d)
the sum? 21 (b) 22 (c) 23 (d) 24 (c) 25 (c)
(a) Rs.10000 (b) Rs.6000 (c) Rs. 12000 (d) Rs. 8000 26 (a) 27 (c) 28 (d) 29 (b) 30 (c)
31 (a) 32 (d) 33 (c) 34 (c) 35 (c)
36 (a)