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INTEREST

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20 views2 pages

INTEREST

Uploaded by

arjun131757
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© © All Rights Reserved
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SIMPLE INTEREST & COMPOUND INTEREST 8.

If the annual rate of simple interest increases


from 10% to 12 1/2 % , a man’s yearly income
1. A sum of Rs.20000 is deposited for 2 years and
increases by 1250. His principal (in rupees) is
6 months at the rate of 8% per annum. Find the
Simple Interest for the given time period? (1) 50,000 (2) 45,000 (3) 60,000 (4) 65,000

(1) 3000 (2) 3500 (3) 4000 (4) 5000 9. Rs.800 amounts to 920 in 3 years at simple
interest. If the interest rate is increased by 3%, it
2. What sum of money must be given as simple
would amount to
interest for six months at 4% per annum in order
to earn 150 interest? (1) 1,056 (2) 1,112 (3) 1,182 (4) 992

(1) 5000 (2) 7500 (3) 10000 (4) 15000 10. The amount 2,100 became 2,352 in 2 years at
simple interest. If the interest rate is decreased
3.. A money lender finds that due to fall in the
by 1%, what is the new interest?
annual rate of interest 8% to 7 3/4 %, his yearly
income diminishes by 61.50. His capital is (1) 210 (2) 220 (3) 242 (4) 252

(1) 22400 (2) 23800 (3) 24600 (4) 26000 11. A man lent 60,000, partly at 5% and the rest at
4% simple interest. If the total annual interest is
4.A sum of money becomes 7/6 of itself in 3 years
2560, the money lent at 4% was
at a certain rate of simple interest. The rate per
annum is: (1) 40000 (2) 44000 (3) 30000 (4) 45000

(1) 5 5/9 % (2) 6 5/9 % (3) 18% (4) 25% 12. A sum of money at simple interest amounts to
1,012 in 2 1 2 years and to 1,067.20 in 4 years. The
5. A sum of money at simple interest trebles itself
rate of interest per annum is:
in 15 years. It will become 5 times of itself in (in
years) (1) 2.5% (2) 3% (3) 4% (4) 5%

(1) 40 years (2) 36 years 13. Champak borrowed some money at a rate of
5% S.I for 7 years, at the rate of 10% per annum
(3) 30 years (4) 25 years
S.I for next 3 years, and 15% beyond 10 years. If
6. In how many years will a sum of money double he paid total interest of Rs.5550at the end of 13
itself at 12% per annum? years, how much money did he borrow.

(1) 8 yrs. 6 months (2) 6 yrs. 9 months (1) 5000 (2) 5500 (3) 4000 (4) 6000

(3) 8 yrs. 4 months (4) 7 yrs. 6 months 14. Two equal sums of money are lent at the same
time at 8% and 5% per annum simple interest.
7. A lends 2500 to B and a certain sum to C at the
The former is recovered 6 months earlier than the
same time at 7% annual simple interest. If after 4
latter and the amount in each is Rs. 2200. The
years, A altogether receives 1120 as interest from
sum and the time (respectively) for which the
B and C, the sum lent to C is
sums of money are lent out are
(1) 700 (2) 6500
(1) Rs. 2,000, 1.25 years and 3 years
(3) 4000 (4) 1500
(2) Rs. 2,100, 1.5 years and 2.25 years
(3) Rs. 2,050, 3.5 years and 4.2 years compounded annually. The rate of interest per
(4) Rs. 2,100, 4 years and 4.75 years annum is :

15. The compound interest on 10,000 in 1.5 years (1) 10% (2) 9% (3) 11% (4) 8%
at 10% per annum, the interest being
compounded half-yearly, is :

(1) 1576.25 (2) 1255.55 (3) 1500 (4) 1000

16. At what rate per cent per annum will 2304


amount to 2500 in 2 years at compound interest?

(1) 4 ½ % (2) 4 1/5 % (3) 4 1/6 % (4) 4 1/3 %

17. The difference between the simple and


compound interest on a certain sum of money at
10% rate of interest per annum for 2 years is 60.
Then the sum is

(1) 6,500 (2) 5,500 (3) 6,000 (4) 7,000

18. If the difference between the compound


interest, compounded every six months, and the
simple interest on a certain sum of money at the
rate of 10% per annum for one year is 25, the sum
is

(1) 10,000 (2) 12,000 (3) 15,000 (4) 9,000

19. If the difference between the compound and


simple interests on a certain sum of money for 3
years at 5% per annum is 15.25, then the sum is

(1) 2,000 (2) 1,000 (3) 1,500 (4) 2,500

20. If the difference between the compound and


simple interests on a certain sum of money for 3
years at 5% per annum is 15.25, then the sum is

(1) 2,000 (2) 1,000 (3) 1,500 (4) 2,500

21.If the amount is 3 3 8 times the sum after 3


years at compound interest compounded
annually, then the rate of interest per annum is

(1) 25% (2) 50% (3) 16 2/3 % (4) 33 1/3 %

22. A sum of money amounts to 4,840 in 2 years


and to 5,324 in 3 years at compound interest

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