Chandigarh Group of Colleges, Landran (Mohali)

Department of Training
SIMPLE INTEREST & COMPOUND INTEREST
1. Sanju borrowed a sum of money from Simran at 8% p.a. After 4 years, Sanju had to
give Simran Rs. 9900 to clear the debt. What was the amount Sanju borrowed
originally? (TCS)
a)Rs7800 b) Rs7500 c) Rs8000 d)Rs.7000
2. Find the interest on a deposit ofRs.3650 from 3 January 2013 at the rate of 10% p.a.
upto 17 March 2013.
a)Rs73 b) Rs78 c) Rs80 d) Rs74
3. In how many years will a sum of money double itself at 12% p.a.? (TCS)
a)6 years 9month b) 8years 3 month c) 7years 6 month
d) 8 years 4 month
4. A money lender finds that due to a fall in the rate of interest from 13% to 12/1/2 %,
his yearly income diminished Rs. 104. His capital is: (GENPECT)
(a) Rs 21300 (b) Rs20800 (c) Rs23000 (d) Rs22800
5. The simple Interest on a certain sum is 16/25 of the sum. Find the rate percent and
time, if both are equal.
a)8% &8 years b) 8% & 6years c) 6% & 8years
d) None of these
6. A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4
years. The sum is:
a)Rs 650 b) Rs.698 c)Rs.630 d)Rs.530
7. How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at
4.5% per annum of simple interest? (GENPECT)
a)4 years b) 4.5 years c) 3.5 years d) 5 years
8. A sum was put at simple interest at a certain rate for 2 years. Had it been put at 15
higher rate, it would be fetchedRs.24 more. The sum is (TCS)
a)Rs600 b) Rs1200 c)Rs.480 d) Rs800
9. Rs 4200 amounts to Rs5712 in 4 years. If the rate of interest is increased by 35.What
will be the amount? (WIPRO)
 a)Rs 6372 b) Rs4000 c)Rs.6216 d) Rs3000
10. If Rs.64 amount toRs.83.20 in 2 years what will beRs.86 amount to in 4 years at the
same rate percent per annum? (WIPRO)
a)Rs134.50 b) Rs137.50 c) Rs124.50 d) Rs136.50
11. What will a loan ofRs.15000 amount to in 3 years if compounded annually at the rate
of 10% p.a.?
a)Rs19965 b)Rs 19885 c)Rs19990 d)Rs20049
12. Find the CI onRs.10000 for 2 years at 4% p.a., the interest being compounded half
yearly.
a)Rs 823.22 b)Rs824.32 c)Rs823.32 d)Rs825.23
13. Simple interest on a certain sum of money for 3 years at 8% per annum is half the
compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on
simple interest is: (CTS)
a)Rs. 1750 b) Rs. 1550 c) Rs. 1650 d) Rs. 1450
14. The difference between simple and compound interests compounded annually on a
certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is: (L&
T)
a)625 b) 630 c) 645 d)623
15. There is 60% increase in an amount in 6 years at simple interest. What will be the
compound interest of Rs. 12,000 after 3 years at the same rate? (ACCENTURE)
a)Rs. 2160 b) Rs. 6240 c) Rs. 3972 d) None of these
16. The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The
simple interest on the same sum for double the time at half the rate percent per annum
is:
a)Rs. 800 b) Rs. 500 c) Rs. 600 d) Rs. 650
17. A tree increases annually by 1/8th of its height. By how much will it increase after 2
years? It stands today 64cm high? (WIPRO)
a)72cm b)74cm c) 81cm d) 75cm
18. A sum of money placed at CI doubles itself in 5 years. It will amount to eight times
itself in:
a)10 years b) 12 years c)15 years d)20 years
19. At what rate of interest per annum will a sum of Rs1200 becomes Rs. 1348.32 in 2
years?
a)7% b)7.5% c)6.5% d)6%
20. Divide Rs. 3903 between A and B, so that As share at the end of 7 years may equal
to Bs share at the end of 9 years, compound interest being at 4%. (TCS)
a)Rs 2028-Rs1875 b)Rs 2018-Rs1885 c)Rs 2038-Rs1845
d)Rs 2128-Rs1785,
21. The difference between SI and CI of a certain sum of money isRs.48 at 20% p.a. for 2
years. Find the principal.
a)Rs. 1200 b) Rs1250 c) Rs1225 d) Rs1175
22. The least number of complete years in which a sum of money put out at 20%
compound interest will be more than doubled is: (ACCENTURE)
a)3 b) 4 c) 5 d) 6
23. A sum of Rs1100 was taken as a loan. This is to be repaid in two equal instalments. If
the rate of interest be 20% compounded annually, then the value of each installment
is: (GENPECT)
a)Rs842 b) Rs792 c)Rs720 d) Rs700
24. The cash price of a refrigerator isRs.7044. A customer paidRs.2000 in cash and
promised to pay the remaining money in 3 yearly equal installments at the rate of 5%
p.a. compound interest. What is the value of each installment? (WIPRO)
a)Rs. 1865 b) Rs1868.28 c) Rs1752 d) Rs1852.20
25. A loan was repaid in two annual installments ofRs.121 each. If the rate of interest be
10% compounded annually, then the sum borrowed was: (TCS)
a)Rs200 b) Rs210 c) Rs222 d) Rs118
26. A sum of money lent at compound interest for 2 years at 20% p.a. would fetchRs.484
more, if the interest was payable half yearly than if it was payable annually. The sum
is:
a)Rs10000 b) Rs20000 c) Rs40000 d) Rs50000