SIMPLE INTEREST AND

COMPOUND INTEREST

1. Prabhat took a certain amount as a loan from bank at the rate of 8%

Simple interest per annum and gave the same amount to Ashish as a
loan at the rate of 12% p.a. on S.I. If at the end of 12 yrs, he made a
profit of Rs. 320 in the deal, What was the original amount?
(a)Rs. 500 (b) Rs. 600 (c) Rs. 666.67
(d) Rs. 750.27 (e) None of above
2. What annual instalment will discharge a debt of Rs. 1092 due in 3
years at 12% Simple interest?
(a)Rs. 250 (b) Rs. 275 (c) Rs. 300
(d) Rs. 325 (e) Rs. 350
3. A Man invests a certain sum of money at 6% p.a. Simple interest and
another sum at 7% p.a. Simple interest. His income from interest
after 2 years was Rs. 354. One fourth of the first sum is equal to one
fifth of the second sum. Find the total sum he invested?
(a)Rs. 1500 (b) Rs. 1200 (c) Rs. 2700
(d) Rs. 5400 (e) None of these
4. Mr. Thomas invested an amount of Rs. 13,900 divided in two different
schemes A and B at the simple interest rate of 14% p.a. and 11% p.a.
respectively. If the total amount of simple interest earned in 2 years
be Rs. 3508, what was the amount invested in Scheme B?
(a)Rs. 6400 (b) Rs. 6500 (c) Rs. 7200
(d) Rs. 7500 (e) None of these
5. An automobile financier claims to be lending money at simple interest,
but he includes the interest every six months for calculating the
 principal. If he is charging an interest of 10%, the effective rate of
interest becomes:
(a)10% (b) 10.25% (c) 10.5%
(d) 15% (e) None of these
6. A sum of Rs. 725 is lent in the beginning of a year at a certain rate of
interest. After 8 months, a sum of Rs. 362.50 more is lent but at the
rate twice the former. At the end of the year, Rs. 33.50 is earned as
interest from both the loans. What was the original rate of interest?
(a)3.6% (b) 4.5% (c) 5%
(d) 6% (e) None of these
7. Aditya invest Rs. 50,000 in a fixed deposit at 10% C.I. for 2 years. At
the end of 2 years she put the money in another deposit at 12% S.I. for
3 years. What was the final value of the initial Investment?
(a)Rs. 80000 (b) Rs. 81280 (c) Rs. 82280
(d) Rs. 83280 (e) None of these
8. 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?
(a)Rs. 2160 (b) Rs. 3120 (c) Rs. 3972
(d) Rs. 6240 (e) None of these
9. A bank offers 5% compound interest calculated on half-yearly basis.
A customer deposits Rs. 1600 each on 1st January and 1st July of a
year. At the end of the year, the amount he would have gained by
way of interest is:
(a)Rs. 120 (b) Rs. 121 (c) Rs. 122
(d) Rs. 123 (e) None of these
10. Aditya invested certain amount in two different schemes A and B.
Scheme A offer S.I @ 12 p.c.p.a. and scheme B offer C.I. @ 10 p.c.p.a.
Interest accured on the amount invested in scheme A in 2 years was
Rs. 3600 and the total amount invested was Rs. 35000. What was the
interest accured on the amount invested in scheme B?
 (a)Rs. 4500 (b) Rs. 4200 (c) Rs. 4000
(d) Cannot be determine (e) None of these
11. The population of a town in 2009 was 125000. It increase 10% per
year. What is the population after 3 years?
(a)166375 (b) 170000 (c) 125000
(d) 10000 (e) None of these
12. A sum of Rs. 1500 amounts to Rs. 3000 in five years at a certain rate of
simple interest. If the rate of interest is increased by 1% the same sum
in the same time would amount to:
(a)Rs. 3,288 (b) Rs. 3,312 (c) Rs. 3,340
(d) Rs. 3075 (e) None of these
13. Abhinav invested a certain amount at the rate of 8 p.c.p.a. for 5 years
and obtained a SI of Rs. 3800. Had he invested the same amount at
the same interest for 2 years, how much amount would she have
obtained as CI at the end of 2 years?
(a)Rs. 1520 (b) Rs. 1550.5 (c) Rs. 1550
(d) Rs. 1580.8 (e) None of these
14. Nutan borrowed some money at rate of 4 p.c.p.a. for the first three
year, at the rate of 8 p.c.p.a. for the next 2 years and at the rate of 9
p.c.p.a. for the period beyond 5 years. If she pay a total SI of Rs. 19550
at the end of 7 years. How much money did she borrow?
(a)Rs. 41500 (b) Rs. 42500 (c) Rs. 39500
(d) Rs. 40500 (e) None of these
15. Girish invested some money in a bank. After eight years his amount
became triple. How many times of the original sum will the money
become in 20 years at Simple Interest?
(a)5 times (b) 6 times (c) 7 times
(d) 8 times (e) None of these
16. Ram divided 2189 in three parts such that interest on them after 1, 2
and 3 years respectively be equal. The rate of SI is 4% per annum in
all cases. The smallest part is
(a)Rs. 702 (b) Rs. 398 (c) Rs. 425
(d) Rs. 756 (e) Rs. 1093
17. Ravi invested a total amount of Rs. 65000 in three different schemes
A, B, C with rate of interest 12 p.c.p.a., 16 p.c.p.a. and 18 p.c.p.a.
respectively and earned a total interest of Rs. 10,180 in one year. If
the amount invested in A is 72% of the amount invested in C then
what was the amount invested in scheme B.
(a)Rs. 15000 (b) Rs. 25000 (c) Rs. 22000
(d) Rs. 18000 (e) cannot determine
18. The population of Mumbai increase 5% per annum. It’s population
was 100000 in 2004. What was it’s population after 3 year?
(a)115760 (b) 123575 (c) 132557
(d) 11000 (e) None of these
19. Which of the statement given below are sufficient to answer the
following question.
What is the rate of interest p.c.p.a. on the amount of Rs. 15000 taking
loan?
(1)The difference between C.I. & S.I. is Rs. 170
(2)The S.I. of 2 years is Rs. 2500
(a)Only I (b) Only II
(c) Either I or II (d)neither I or II
(e)both I and II together
20. Which of the statement given below are sufficient to answer the
following question.
What is the rate of interest per annum on an investment of Rs. 800?
(1)The income from S.I. at the end of 3 years at the same rate of
interest is 19
(2)C.I. is 15.76 more than S.I. on same sum & same rate in 2 years
(a)Only I (b) Only II (c) Either I or II
(d) neither I nor II (e) Both I and II together
21. Which information given below is sufficient to know the amount if
the difference between the C.I. & S.I. for 2 years is 18?
(1)The rate is same at which an amount of Rs. 1000 become 1120 for
2 years in S.I.
 (2)The principal given is Rs. 2000.
(a)Only I (b) Only II (c) Either I or II
(d) Neither I nor II (e) Both I and II together
22. A sum of Rs. 1521 is lent out in two parts in such a way that the
simple interest on one part at 10% for 5 yr is equal to that of another
part at 8% for 10 yr. What will be the two parts of sum?
(a)Rs. 926 and Rs. 595 (b) Rs. 906 and Rs. 615
(c) Rs. 916 and Rs. 605 (d)Rs. 936 and Rs. 585
(e)None of the above
23. Rashmi lent Rs. 600 to Geeta for 2 yr and Rs. 150 to Seeta for 4 yr at
same rate of interest and received altogether Rs. 80 as simple interest
from both. Find the rate of interest.
4 4 4
(a) 3 % (b) 2 % (c) 5 %
9 9 9
4
(d) 4 % (e) None the these
9
24. Hemant makes a fixed deposit of Rs. 20000 in Bank of India for a
period of 3 yr. If the rate of interest be 13% SI per annum charged
half-yearly, what amount will he get after 42 months?
(a)Rs. 27800 (b) Rs. 28100 (c) Rs. 29100
(d) Rs. 30000 (e)None of these
25. Gaurav borrowed Rs. 800 at 6% and Naresh borrowed Rs. 600 at 10%.
After how much time, will they both have equal debts?
1 1 1
(a) 15 yr (b) 14 yr (c) 18 yr
3 2 3
2
(d) 16 yr (e) None of these
3
26. What annual payment will discharge a debt of Rs. 1092 due in 2 yr at
12% simple interest?
(a)Rs. 725 (b) Rs. 325 (c) Rs. 515
(d) Rs. 900 (e) Rs. 400
27. The annual payment of Rs. 160 in 5 yr at 5% per annum simple interest
will discharge a debt of
(a)Rs. 980 (b) Rs. 880 (c) Rs. 440
(d) Rs. 220 (e) None of the above
28. The population of a city increase at the rate of 5% pa. If the present
population of the city is 370440, then what was its population 3 yr
ago?
(a)3 lakh (b) 3.2 lakh (c) 3.4 lakh
(d) 3.6 lakh (e) None of these
29. The population of a particular area of a city is 5000. It increases by
10% in 1st yr. It decreases by 20% in the 2nd yr because of some
reason. In the 3rd yr, the population increases by 30%. What will be
the population of area at the end of 3 years?
(a)5120 (b) 5300 (c) 5400
(d) 5620 (e) None of these
30. The cost price of a car is Rs. 400000. If its price decreases by 10%
every year, then what will be the cost of car after 3 years?
(a)Rs. 3,00,000 (b) Rs. 2,91,700 (c) Rs. 2,91,600
(d) Rs. 2,50,000 (e) None of these
31. Suneeta borrowed certain sum from Reena for 2 yr at simple interest.
Suneeta lent this sum to Venu at the same rate for 2 yr at compound
interest. At the end of 2 yr, she received Rs. 110 as compound interest
but paid Rs. 100 as simple interest. Find the sum and the rate of
interest?
(a)Rs. 250, rate 10% pa (b) Rs. 250, rate 20% pa
(c) Rs. 250, rate 25% pa (d)Rs. 250, rate 30% pa
(e)None of these
32. Find the least number of complete years in which a sum of money
put out at 20% compound interest will be more than double?
(a)3 yr (b) 4 yr (c) 5 yr
(d) 8 yr (e) None of these
33. The population of a country is 10 crore and it is the possibility that
the population will become 13.31 crore in 3 years. What will be the
annual rate per cent of this growth?
(a)8% (b) 12.7% (c) 10%
(d) 15% (e)None of these
34. Income of Hemant was Rs. 4000. In the first 2 years, his income
decreased by 10% and 5% respectively but in the third year, the income
increased by 15%. What was his income at the end of third year?
(a)Rs. 3933 (b) Rs. 4000 (c) Rs. 3500
(d) Rs. 3540 (e)None of the above
35. A man borrows Rs. 5100 to be paid back with compound interest at
the rate of 4% pa by the end of 2 years in two equal yearly instalments.
How much will be each instalment?
(a)Rs. 2704 (b) Rs. 2800 (c) Rs. 3000 (d)
Rs. 2500 (e) None of above
36. Divide Rs. 2602 between X and Y, so that the amount of X after 7 yr
is equal to the amount of Y after 9 yr, the interest being compounded
at 4% pa.
(a)Rs. 1352, Rs. 1250 (b) Rs. 1400, Rs. 1350
(c) Rs. 1215, Rs. 1300 (d)Rs. 1500, Rs. 1450
(e)None of these
37. If Rs. 3000 amounts to Rs. 4320 at compound interest in a certain
time, then Rs. 3000 amount to what in half of the time?
(a)Rs. 3400 (b) Rs. 3600 (c) Rs. 38000
(d) Rs. 3520 (e)None of these
38. A sum of money lent at compound interest for 2 yr at 20% pa would
fetch Rs. 964 more, if the interest was payable half-yearly than if it
was payable annually. What is the sum?
(a)Rs. 40000 (b) Rs. 60000 (c) Rs. 90000
(d) Rs. 500000 (e)None of the above
39. A sum of Rs. 8448 is to be divided between X and Y who are
respectively 18 and 19 yr old, in such a way that if their shares be
 invested at 6.25% per annum at compound interest, they will receive
equal amounts on attaining the age of 21 yr. The present share of X is
(a)Rs. 4225 (b) Rs. 4352 (c) Rs. 4096
(d) Rs. 4000 (e) None of these
40. During the first year, the population of a village is increased by 5%
and in second year it is diminished by 5%. At the end of the second
year, its population was 47880. What was the population at the
beginning of the first year?
(a)45500 (b) 48000 (c) 43500
(d) 53000 (e) None of these

1. According to a census report, the population growth rate of Faridabad

is going to be an increasing A.P. with first year’s rate as 5% and
common difference as 5%, but simultaneously the migration rate is
an increasing G.P. with first term as 1% and common ratio of 2. If
population on 31 December 2010 is 1 million, then find in which year
will Faridabad witness its first fall in population?
(a)2016 (b) 2014 (c) 2013
(d) 2019 (e) None of these
2. Monica deposited a total of Rs. 10500 with a bank in two different
deposit schemes at 10% p.a., interest being compounded annually.
As per the schemes, she gets the same amount after 2 years on the
first deposit as she gets after 3 years on the second deposit. How
much money did she deposit for 3 years?
(a)Rs. 4500 (b) Rs. 5000 (c) Rs. 6500
(d) Rs. 7200 (e) None of these
3. A sum of money invested at simple interest for two years at 5% p.a.
amounted to Rs. 2750. The rate at which the sum should have been
invested to get Rs. 300 as interest after two years would be?
(a)6% (b) 6.9% (c) 7.6%
(d) 8.1% (e) None of these
4. A sum of Rs. 1000 after 3 years at compound interest becomes a certain
amount that is equal to the amount that is the result of a 3 year
depreciation from Rs. 1728. Find the difference between the rates of
C.I. and depreciation? (Given C.I. is 10% p.a.)
(a)1.7% (b) 2.9% (c) 4%
(d) 7.6% (e) None of these
5. When the rate of interest in a bank is reduced from 5% p.a. to 4.5%
p.a., Bani deposited Rs. 4000 in her saving account. She found that
the new interest income remained the same as before. Find her
original deposit?
(a)Rs. 3600 (b) Rs. 3150 (c) Rs. 2980
(d) Rs. 2768 (e) None of these
6. Two equal sums were lent at simple interest for 4 years and for 3
years respectively. The rate of interest in the latter case was 3% higher
than that of the former case, but the amount in each was Rs. 1088.
Find the rate of interest of the former case?
(a)7% (b) 9% (c) 11%
(d) 13% (e) None of these
1 1
7. Kavita invested rd of her money at 4% p.a., th at 3% p.a. and the
3 4
rest at 5% p.a. She received an annual interest of Rs. 500 on her money.
Find the total money invested.
(a)Rs. 21500 (b) Rs. 16480 (c) Rs. 12000
(d) Rs. 11200 (e) None of these
8. Shruti borrowed Rs. 2500 from her two friends. For one loan she paid
8% p.a. and for the other 6% p.a. simple interest. If she paid Rs. 180 as
total interest for one year, how much did she borrow at 8% p.a.?
(a)Rs. 1500 (b) Rs. 1700 (c) Rs. 1950
(d) Rs. 2120 (e) None of these
9. A sum of Rs. 2540 is lent out in two parts, one at 12% and the other at
1
12 % . If the total annual return on the total money invested is Rs.
2
312.42, find the money lent at 12% p.a?
 (a)Rs. 996 (b) Rs. 1016 (c) Rs. 1265
(d) Rs. 1295 (e) None of these
10. A part of Rs. 38800 is lent out at 72% for six months. The rest of the
amount is lent out at 5% p.a. after one year. The ratio of interest after
3 years from the time when first amount was lent out is 5 : 4. Find the
second part that was lent out at 5%.
(a)Rs. 28800 (b) Rs. 29586 (c) Rs. 31776
(d) Rs. 32846 (e) None of these
11. A certain sum of money invested at compound interest becomes 1.44
times of itself in 2 years. If twice this sum were lent at simple interest,
in how many years would it double itself?
(a)2 years (b) 2.5 years (c) 3 years
(d) 5 years (e) None of these
12. Arun gives his wife Asha a birthday gift, giving her each year a
number of rupees equal to the number of years of her age. If her
birthday falls on August 8, what sum must be placed at simple interest
at 7% on January 1, before she is 42, in order to raise the required
sum?
(a)Rs. 1000 (b) Rs. 1200 (c) Rs. 1500
(d) Rs. 1900 (e) None of these
13. Bindu lends Rs. 10000 in four parts to her friends. If she gets 8% on
Rs. 2000, 7.5% on Rs. 4000 and 8.5 % on Rs. 1400, what percent must
she get for the remainder, if the average interest is 8.13% ?
(a)6.3% (b) 8.6% (c) 9%
(d) 9.2% (e) None of these
14. A sum of money at compound interest amounts in two years to Rs.
2809, and in three years to Rs. 2977.54. Find the rate of interest and
the original sum.
(a)4%, Rs. 2500 (b) 6%, Rs. 1800 (c) 4%, Rs. 1800
(d) 6%, Rs. 2500 (e) None of these
15. Sapna borrowed a certain sum of money from Kavita under the
following repayment scheme based on simple interest. 8% p.a. for
the initial 2 years, 9.5% p.a. for the next 4 years, 11% p.a. for the next
 2 years, 12% p.a. after the first 8 years. Find the amount which a sum
of Rs. 9000 taken for 12 years becomes at the end of 12 years.
(a)Rs. 20160 (b) Rs. 22350 (c) Rs. 23470
(d) Rs. 24567 (e) None of these
16. If Rs. 1200 amounts to Rs. 1323 in 2 years at compound interest
compounded annually, what will Rs. 1600 amount to in 3 years at the
same rate?
(a)Rs. 1780.45 (b) Rs. 1852.50 (c) Rs. 1945.55
(d) Rs. 2166.76 (e) None of these
17. If the compound interest on a certain sum for 3 years at 5% p.a exceeds
the simple interest on the same sum and for the same time and at the
same rate by Rs. 183, find the sum.
(a)Rs. 17560 (b) Rs. 21680 (c) Rs. 24000
(d) Rs. 26780 (e) None of these
18. If the compound interest on a certain sum of money for 3 years at 5%
p.a. is Rs. 504.40, find the corresponding simple interest.
(a)Rs. 329.24 (b) Rs. 384.78 (c) Rs. 435.45
(d) Rs. 480.00 (e) None of these
19. Find the least number of complete years in which a sum of Rs. 1500
at 25% compound interest will be more than double.
(a)4 years (b) 5 years (c) 6 years
(d) 7 years (e) None of these
20. If the compound interest on a certain sum of money for 2 years is Rs.
164 whereas the simple interest for 3 years at the same rate is Rs. 240
on the same sum, find the sum.
(a)Rs. 1200 (b) Rs. 1400 (c) Rs. 1600
(d) Rs. 1800 (e) None of these
1. (c); Let the original amount be Rs. P.
T = 12, R1 = 8%, R2 = 12%, Profit = 320
P ´ T ´ R2 P ´ T ´ R1
- = 320
100 100
P ´ 12 ´ 12 P ´ 8 ´ 12
- = 320
100 100
2000
P=
3
P = Rs. 666.67
2. (d); Let each instalment be Rs. A
100P
A=
RT ( T - 1 )
100T +
2
100 ´ 1092
=
100 ´ 3 + 36
= Rs. 325
3. (c); Let the sums be A and B
R1 = 6, R2 = 7, T = 2
P1 ´ R 1 ´ T P2 ´ R 2 ´ T
+ = 354
100 100
A´6´2 B´7 ´2
Þ + = 354 Þ 6A + 7B = 17700
100 100
also one fourth of the first sum is equal to one fifth of the second
sum
A B
= = 5A - 4B = 0
4 5
By solving the equations we get,
A = 1200, B = 1500
Total sum = Rs. (1200 + 1500) = Rs. 2700
4. (a); Let 14% amount = Rs. x
11% amount = Rs. (13900 – x)
x ´ 2 ´ 14 ( 13900 - x ) ´ 11 ´ 2
+ = 3508
100 100
6x = 350800 – 13900 × 22 Þ x = 7500
Scheme B = 13900 – 7500 = Rs. 6400
5. (b); Let the sum be Rs. 100 and interest is calculated half-yearly.
10
Þ Then, Rate = = 5% , Time = 2 years
2
5´5
Effective rate of interest = 5 + 5 + = 10.25%
100
6. (e); Let the original rate = R%
New rate = (2R)%
725 ´ R ´ 1 362.50 ´ 2R ´ 1
+ = 33.50
100 3 ´ 100
Þ (2175 + 725) R = 33.50 × 100 × 3
Þ (2900) R = 10050 Þ R = 3.46%
7. (c); CI for first 2 years
éæ 10 ö
2
ù
= 50000 êç 1 + ÷ø - 1ú = Rs. 10500
êë è 100 úû
Amount = P + CI = 50000 + 10500 = Rs. 60500
P ´ R ´ T 60500 ´ 12 ´ 3
SI = = = Rs. 21780
100 100
Total amount = Rs. 82280
60
8. (c); Let P = 100, A = 100 ´ + 100 = Rs. 160
100
60 ´ 100
I = 160 – 100 = Rs. 60, R = = 10%
100 ´ 6
331
CI = ´ 12000 = Rs. 3972
1000
9. (b); Here, CI is calculated on half-yearly basis
Hence, Amount would be defined as:
é æ 5 ö
2
æ 5 öù
A = ê 1600 ç 1 + ÷ø + 1600 çè 1 + ÷ø ú
êë è 2 ´ 100 2 ´ 100 úû

æ Rate 5 ö
çè Where Rate = = %÷
2 2 ø

é 41 æ 41 ö ù
A = Rs. ê1600 ´ ç + 1÷ ú = Rs. 3321
ë 40 è 40 øû
CI = A – P = Rs. (3321 – 3200) = Rs. 121

10. (b); Let the money in first installment = Rs. x

Second installment = Rs. (35000 – x)
The principal is defined as:
3600 ´ 100
Þ P= = Rs. 15000 (Using SI in scheme A)
12 ´ 2
The money in first installment = Rs. x = Rs. 15000
Scheme B = Rs. (35000 – 15000) = Rs. 20000
éæ R ö
2
ù
Þ CI = P êç 1 + ÷ø - 1ú
êë è 100 úû

éæ 10 ö
2
ù
= 20000 êç 1 + ÷ø - 1 ú = Rs. 4200
êë è 100 úû
11. (a); Let population P be 100
+ 10%­ + 10%­ + 10%­
100 ¾¾¾® 110 ¾¾¾® 121 ¾¾¾® 133.1
For P = 100, increase in 3 years = 133.1
 For P = 125000, increase in 3 years
133.1
= ´ 125000 = 166375
100
12. (d); Here, diference = SI = 3000 – 1500 = Rs. 1500
1500 ´ 100
Þ Rate = = 20%, (P = Rs. 1500)
1500 ´ 5

Þ Now, Rate of interest = (20 + 1)% = 21%

1500 ´ 5 ´ 21
Þ Hence, new SI = = Rs. 1575
100
Þ Amount = Principal + SI
= Rs. [1500 + 1575] = Rs. 3075
3800 ´ 100
13. (d); Principal = = Rs. 9500
8´5

éæ R ö
n
ù
Þ CI = P êç 1 + ÷ø - 1ú
êë è 100 úû

éæ 8 ö
2
ù
= 9500 êç 1 + ÷ø - 1ú = Rs. 1580.8
êë è 100 úû
14. (b); Total SI = Rs. 19550
P ´ R 1 ´ T1 P ´ R 2 ´ T2 P ´ R 3 ´ T3
19550 = + +
100 100 100

é4´ 3 8´ 2 9´ 2ù
19550 = P ê + +
ë 100 100 100 úû

é 12 16 18 ù
19550 = P ê + + ú Þ P = Rs. 42500
ë 100 100 100 û
15. (b); Let his money be 100 Rs.
After eight year it becomes 300
\ interest = 200
200 ´ 100
So, Rate = = 25%
100 ´ 8
100 ´ 25 ´ 20
In 20 year, SI = = 500
100
So, amount = 500 + 100 = Rs. 600
Hence, from Rs. 100 to Rs. 600, it becomes 6 times
16. (b); Let amount be a, b, c respectively then,
a´ 4´1 b´ 4´2 c´ 4´3
= =
100 100 100
Þ a = 2b = 3c = 6K(let)
\ a = 6K, b = 3K, c = 2K
so the parts are in ratio is 6:3:2
2189
\ Smallest part = ´ 2 = 199 ´ 2 = Rs. 398
11
17. (c); Suppose amount invested in scheme A = x
Suppose amount invested in scheme B = y
Suppose amount invested in scheme C = z
\ x + y + z = 65000 ...(i)
From question
18
x = 72% of z = z ...(ii)
25
So, 12x + 16y + 18z = 1018000
Þ 6x + 8y + 9z = 509000 ...(iii)
From (i), (ii) and (iii) get
43
z + y = 65000 ...(iv)
25
 108
z + 8y + 9z = 509000
25
333
Þ z + 8y = 509000 ...(v)
25
344
From (iv) we have z + 8y = 520000 ...(vi)
5
11
\ (vi) – (v) Þ z = 11000
5
\ 11z = Rs. 275000, z = Rs. 25000
\ y = Rs. 22000
18. (a); Here, Population P = 100000
5%­ 5%­ 5%­
100000 ¾¾® 105000 ¾¾® 110250 ¾¾® 115762.5
(2004) (2005) (2006) (2007)
Hence Population after 3 years is almost 115760
19. (c); This question can be solved either using statement (1) or (2)
In statement (1), it is simple formula of difference
PR 2
=
( 100) 2
In statement (2), it is simple formula of SI
20. (c); This question can be solved either using statement (1) or (2)
In statement (1), we can apply formula of SI in statement (2), we
PR 2
need to determine difference formula of =
( 100 ) 2
21. (e); We can solve this question using both information together.
Because, in statement I, we can find rate of interest and in
statement II, we know the Principal.
22. (d); Given, T1 = 5 yr, R1 = 10% and
T2 = 10 yr and R2 = 8%
Let the first part = x
 Then, second part = (1521 – x)
Now, according to the question,
x ´ 5 ´ 10 ( 1521 - x) ´ 10 ´ 8
=
100 100
Þ 5x = 12168 – 8x Þ 13x = 12168, x = Rs. 936
and second part = 1521 – 936 = Rs. 585
23. (d); Given, T1 = 2 years and T2 = 4 years,
P1 = Rs. 600, P2 = Rs. 150 and SI1 + SI2 = Rs. 80
According to the question,
600 ´ R ´ 2 150 ´ R ´ 4
+ = 80
100 100
Þ 120R + 60R = 800 Þ 180R = 800
800 80 40 4
\ R= = = =4 %
180 18 9 9
24. (c); Given, time = 42 months
42 1
Þ years = 3 years
12 2
7 13
Þ ´ 2 = 7 half-yr, rate = % half-yearly
2 2
20000 ´ 13 ´ 7
SI = = Rs. 9100
100 ´ 2
\ Amount (A) = 20000 + 9100 = Rs. 29100
25. (d); Given, R1 = 6%, R2 = 10%
According to the question,
800 ´ 6 ´ T 600 ´ 10 ´ T
800 + = 600 +
100 100
800 + 48T = 600 + 60T Þ 12T = 200 Þ 3T = 50
50 2
\ T= = 16 years
3 3
26. (c); According to the formula,
100P
Annual payment =
R T ( T - 1)
100T +
2
1092 ´ 100 1092 ´ 100
= =
24 ( 2 - 1) 212
100 ´ 2 +
2
= Rs. 515.09 » Rs. 515
27. (b); Given, annual payment = Rs. 160
R = 5%, T = 5 years, debt (P) = ?
According to the formula,
100P
Annual payment =
R T ( T - 1)
100T +
2
100P 100P
Þ 160 = Þ 160 =
5´ 4´5 550
5 ´ 100 +
2
550 ´ 160
\ P= = 55 ´ 16 = Rs. 880
100
28. (b); Given that, P = 370440, R = 5% and n = 3 years
According to the formula,
P
Population n years ago = n
æ R ö
çè 1 + ÷
100 ø
370440 370440
Population 3 years ago = 3
= 3
æ 5 ö æ 21 ö
çè 1 + ÷ çè ÷ø
100 ø 20
370440 ´ 20 ´ 20 ´ 20 370440 ´ 8000
= = = 40 × 8000 = 320000
21 ´ 21 ´ 21 9261
29. (e); Population of particular area P of a city = 5000
In 1st year population got increased by 10%
\ Population P1 = 5000 + 10% of 5000 = 5500
In 2nd year population decreased by 20%
\ Population P2 = 5500 – 20% of 5500
20
= 5500 - × 5500 = 4400
100
In 3rd year population increased by 30%
Population P3 = 4400 + 30% of 4400
30
= 4400 + × 4400 = 5720
100
30. (c); Given that cost of a car, P = Rs. 400000
Þ Decreasing rate = 10%, year = 3 years
3
æ R ö
Þ Price of car after 3 years = P ç 1 - ÷
è 100 ø
3
æ 10 ö 9 9 9
= 400000 ç 1 - ÷ = 400000 ´ ´ ´ = Rs. 291600
è 100 ø 10 10 10
31. (b); Let the sum borrowed be Rs. P
Rate of interest = R%
CI = Rs. 110, SI = Rs. 100, Time (t) = 2 years
CI – SI = 110 – 100 = 10
PR 2 PR 2
Þ Difference = Þ 10 = ...(i)
( 100) 2
( 100) 2

SI ´ R 100 ´ R
Þ Difference = Þ 10 = ; R = 20% ...(ii)
200 200
Put value (ii) in (i)

P ( 20)
2

Þ 10 = ; P = Rs. 250
( 100) 2
32. (b); Let the sum be Rs. P
According to given question:
n n
æ R ö æ 20 ö
Þ Pç1+ ÷ > 2P Þ P ç 1 + ÷ø > 2P
è 100 ø è 100
n
æ 6ö
Þ ç ÷ > 2 By hit and tril method, n > 4 years
è 5ø
33. (c); Given, P = 10 crore
and population after 3 years = 13.31 crore
According to the formula,
n
æ R ö
Population after n year = P ç 1 + ÷
è 100 ø
3 3
æ R ö 1331 æ R ö
Þ 13.31 = 10 çè 1 + ÷ Þ = ç 1 + ÷
100 ø 1000 è 100 ø
3 3
æ 11 ö æ R ö R 11
Þ çè ÷ø = çè 1 + ÷ Þ 1+ =
10 100 ø 100 10
R 11 1
Þ = -1= \ R = 10%
100 10 10
34. (a); Initial income of Hemant, P = Rs. 4000
Let r1(rate of decrease) = 10%,
r2(rate of decrease) = 5%, r3(rate of growth) = 15%
So, Net final
æ r1 ö æ r2 ö æ r3 ö
Income = P ç 1 - 1 - 1 +
è 100 ÷ø çè 100 ÷ø çè 100 ÷ø
æ 10 ö æ 5 öæ 15 ö
= 4000 çè 1 - ÷ç 1 - ÷ç 1 + ÷
100 ø è 100 ø è 100 ø
9 19 23
= 4000 ´ ´ ´ = Rs. 3933
10 20 20
35. (a); Let the installment in each part be Rs. P
According to question:
P P
Þ + 2
= Rs. 5100
æ R ö æ R ö
çè 1 + ÷ çè 1 + ÷
100 ø 100 ø

P P
Þ + 2
= 5100
æ 4 ö æ 4 ö
çè 1 + ÷ çè 1 + ÷
100 ø 100 ø

25P 625
+ P = 5100 Þ 1275P = 5100 × 676
26 676
5100 ´ 676
P= = Rs. 2704
1275
36. (a); Let the first part be Rs. a
Second part Rs. (2602 – a)
According to question:
Amount after 7 years = Amount after 9 years
7 9
æ r ö æ r ö
Þ a çè 1 + ÷ø = ( 2602 - a) çè 1 + ÷
100 100 ø
2
a æ 4 ö
Þ = ç1+
( 2602 - a) è 100 ÷ø
a 26 26 676
Þ 2602 - a 25 ´ 25 = 625
=
( )
Þ 625a = 676 (2602 – a)
676 ´ 2602
Þ a= = Rs. 1352
1301
Second part = Rs. (2602 – a) = Rs. 1250
37. (b); Let rate = R% and time = n year
n
æ R ö
Then, 4320 = 3000 ç 1 + ÷
è 100 ø
n
æ R ö 4320
Þ çè 1 + ÷ = = 1.44
100 ø 3000
n
æ R ö 2
\ ç1+ ÷ = 1.44 = 1.2
è 100 ø
n
\ Required amount for year
2
n
æ R ö 2
= 3000 ç 1 + ÷ = 3000 × 1.2 = Rs. 3600
è 100 ø
38. (a); Let the principal be Rs. P
If CI is compounded half-yearly,
éæ 10 ö
4
ù
Þ CI = P êç 1 + ÷ø - 1ú
ëê è 100 ûú
(where R = R2 % p.a. and T = 2T years)
éæ 11 ö 4 ù 4641 P
Þ CI = P êç ÷ - 1ú =
êëè 10 ø úû 10000
If CI is compounded annually,
éæ 20 ö
2
ù 11P
Þ CI = P êç 1 + ÷ø - 1 ú=
ëê è 100 úû 25
According to question:
4641P 11
Þ - P = 964
10000 25
964 ´ 10000
Þ P= = Rs. 40000
241
39. (c); Let shares of X and Y be Rs. x and Rs. (8448 – x), respectively.
Amount got by X after 3 years = Amount got by Y after 2 years
3 2
æ 6.25 ö æ 6.25 ö
xç1 +
è ÷ = ( 8448 - x ) ´ çè 1 + ÷
100 ø 100 ø

6.25 8448 - x 1 8448 - x

Þ 1+ = Þ1+ =
100 x 16 x
17 8448 - x
Þ = Þ 17x = 135168 – 16xÞ
16 x
x = Rs. 4096
40. (b); Let the population at beginning of first year be 'a'
So, according to question:
é 5 ù é 5 ù
Þ a ê 100 ú ê 100 ú = 47880
1 + ´ 1 -
ë û ë û

é 21 ù é 19 ù
Þ a ´ ê 20 ú ´ ê 20 ú = 47880
ë û ë û

47880 ´ 20 ´ 20
Þ a= = Rs. 48000
21 ´ 19
1. (a); Here from 2010 on wards we would determine the population of
Faridabad.
Here, we would be creating 2 tables, one for population growth
rate and another for decrease due to migration. On comparing
both the tables, if the migration rate would become greater than
population growth rate, then there would be a fall in population.

Growth rate Migration rate

Year (A.P. where a (G.P. where a
= 5%, d = 5%) = 1%, r = 2%)
2011 5% 1%
2012 10% 2%
2013 15% 4%
2014 20% 8%
2015 25% 16%
2016 30% 32%

From 2016 on wards, Migration rate > Growth rate

2. (b); Let the amount invested by Monica in first scheme be
Rs. x and in another be Rs. (10500 – x)
Rate of interest = 10% p.a.
According to CI
The amount in 1st scheme after 2 years = Rs. 1.21x
The amount in 2nd scheme after 3 years = Rs. 1.331 (10500 – x)
Now since, she got same amount from both scheme. Hence,
Þ 1.21x = 1.331 (10500 – x)
Þ1.21x + 1.331x = 10500 × 1.331
Þ 2.541x = 13975.5
 13975.5
x= = 5500
2.541
Þ Hence, her amount in 3 years scheme is
Þ (10500 – 5500) = Rs. 5000
P´R ´T
3. (a); Here, SI =
100
é 10 ù
Þ A - P = P ´ 5 ´ 2 Þ 2750 = P ê1 + ú
100 ë 100 û
Þ Principal P = Rs. 2500
Now, we need SI for Rs. 300 after 2 years.
2500 ´ R ´ 2
Þ SI = 300 = Þ R = 6%
100
4. (a); The amount of Rs. 1000 at 10% p.a. after 3 years would becomes:
3 3
æ R ö æ 10 ö
Þ Pç1+ ÷ø = A Þ 1000 çè 1 + ÷ø = A
è 100 100
Þ A = Rs. 1331
Here, now the principal of Rs. 1728 depreciated at rate of R% per
annum and amounts to Rs. 1331
3
éæ R öù
Þ P êçè 1 - ÷ø ú = 1331
ë 100 û
3
éæ R öù
Þ 1728 êçè 1 - ÷ø ú = 1331
ë 100 û
3
æ R ö 1331 R 11
Þ çè 1 - ÷ = Þ 1 - =
100 ø 1728 100 12
R 1
Þ = or R = 8.33%
100 12
Þ Hence rate difference between CI and depreciation
is almost = (10 – 8.33)% » 1.7
5. (a); Here, we assume original deposit of Bani be Rs. x.
Þ The SI obtained in both cases is same
x´5´T 4000 ´ 4.5 ´ T
=
Þ 100 100
[R = 5% p.a.] [R = 4.5% p.a.]
Þ 5x = 4000 × 4.5 Þ x = Rs. 3600
6. (b); Here, Amount = Rs. 1088
Let principal invested be Rs. x and Let Rate of interest be R% in
first case and (R + 3)% in later case.
æ RT ö
Þ A = Pç1+ ÷
è 100 ø

æ 4R ö
Þ 1088 = x ç 1 + ÷ ...(i)
è 100 ø
æ 3 ( R + 3) ö
Þ 1088 = x ç 1 + ...(ii)
è 100 ÷ø

æ 4R ö æ 3 ( R + 3) ö
Hence, xç1 + ÷ = x çè 1 +
è 100 ø 100 ÷ø
4R 3R + 9
Þ = Þ R = 9% p.a.
100 100
7. (c); Let the total money invested be Rs. P.
According to question:
æP ö æP ö
çè ´ 4 ´ 1÷ø çè ´ 3 ´ 1÷ø
Þ 500 = 3 +
4
+
100 100
éæ æ P Pöö ù
P - + ´ 5 ´ 1
êçè
ë èç 3 4 ø÷ ÷ø ú
û
100
 4P 3P 25P
Þ 500 = + +
300 400 1200
16P 9P 25P
Þ 500 = + + Þ P = Rs. 12000
1200 1200 1200
8. (a); Let Shruti borrowed Rs. x from one of her friends.
Then remainning amount borrowed from another friend be Rs.
(2500 – x)
Þ Total SI for 1 year = Rs. 180
x ´ 8 ´ 1 ( 2500 - x ) ´ 6 ´ 1
Þ 180 = +
100 100
8x 6 ( 2500 - x )
Þ 180 = +
100 100
8x 15000 - 6x
Þ 180 = +
100 100
8x - 6x
Þ 180 = + 150
100
2x
Þ 30 = x = Rs. 1500
100
9. (b); Let us evaluate overall rate of interest.
2540 ´ R ´ 1
Þ SI = Rs. 312.42 =
100
31242
Þ R= = 12.3%
2540
Now using alligation method, we can determine ratio of sum
invested in both parts.
12% 12.5%

12.3%

0.2% 0.3%
Þ 2:3
 2
Hence, sum lent at 12% p.a. = ´ 2540 = Rs. 1016
5
10. (a); Let the first part be x. Then the second part be (38800 – x)

x ´ 0.72 ´ 1 2 5
Now, =
( 38800 - x) ´ 0.05 ´ 2 4
1.44x = 19400 – 0.5x Þ x = 10000
The second part = 38800 – 10000 = Rs. 28800
11. (d); Let the principal (sum of money) be Rs. 100
Þ Amount after 2 years = Rs. 144
éæ R ö ù
2
æ R ö
2
144
Þ 100 êç 1 + ÷ ú = 144 Þ çè 1 + ÷ =
êëè 100 ø úû 100 ø 100

R 12
Þ 1+ = ; R = 20%.
100 10
Now, we have to make amount from Rs. 200 to Rs. 400. So, SI
would be Rs. 200.
200 ´ 20 ´ T
Þ 200 = Þ T = 5 years
100
12. (a); No. of days between 1st January and 8th August (take non-leap
year)
(30 + 28 + 31 + 30 + 31 + 30 + 31 + 8) = 219 days
æ 219 ö 3
Here, 219 constitutes ç or th of the year
è 365 ÷ø 5
3
Thus Arun must invest certain sum for th of year at 7% to get
5
42 Rs. (at 42 years of Asha's age)
P´7 ´3
Þ SI = 42 = Þ P = Rs. 1000
100 ´ 5
13. (c); Here, Let us assume the rate of interest overall be 8.13% (average
interest)
10000 ´ 8.13 ´ 1
= = SI , SI = Rs. 813
100
Now, the interest levied on different parts must be combined to
get resultant interest of Rs. 813.
Þ 8% of 2000 + 7.5% of 4000 + 8.5% of 1400 + y% of (10000 – 7400).
= 813
(where y% = Rate on remainder money)
y
Þ 8 × 20 + 75 × 4 + 8.5 × 14 + × 2600 = 813
100
Þ y = 9%
14. (d); The difference in amount of money will determine compound
interest of one year
Þ Hence, Rs. [2977.54 – 2809] = Rs. 168.54
This is the CI levied on Rs. 2809, in one year.
é R ù
Hence, CI = P ê1 + - 1ú
ë 100 û
é R ù 16854
Þ 168.54 = 2809 ê ú Þ = R Þ R = 6%
ë 100 û 2809
The amount at CI for 2 years is:
2
é 6 ù é 106 106 ù
Þ 2809 = P ê1 + Þ 2809 = P ê 100 ´ 100 ú
ë 100 úû ë û
Þ P = Rs. 2500
15. (a); The SI obtained after 12 years would be:
9000 ´ 8 ´ 2 9000 ´ 9.5 ´ 4
Þ + +
100 100
9000 ´ 11 ´ 2 9000 ´ 12 ´ 4
+
100 100
 Þ 90 [16 + 38 + 22 + 48] = Rs. 11160
Þ Final amount = P + SI
= Rs. (9000 + 11160) = Rs. 20160
éæ R ö ù
2

16. (b); Here, Amount = P êç 1 + ÷ø ú

ëê è 100 ûú
éæ R ö ù
2

Þ 1323 = 1200 êç 1 + ÷ ú
êëè 100 ø úû
2
1323 æ R ö
Þ = ç1+ ÷
1200 è 100 ø
On solving above equation we get Rate of interest R = 5%
Hence, amount of principal = Rs. 1600 in 3 years would become:

éæ 5 ö ù
3
é 21 21 21 ù
Þ A = 1600 êç 1 + ÷ø ú = 1600 ê 20 ´ 20 ´ 20 ú
êë è 100 úû ë û

1600 1
=
8000
[ 21] = ´ 9261 = Rs. 1852.50
3

5
17. (c); According to the question
Þ CI – SI = 183 ...(i)
P ´ 5 ´ 3 3P
Here, SI = = ...(ii)
100 20
éæ 5 ö
3
ù éæ 21 ö 3 ù é 1261 ù
Þ CI = P êç 1 + ÷ø - 1 ú = P êç ÷ - 1 ú = P ê 8000 ú ...(iii)
ëê è 100 ûú ëê è 20 ø úû ë û
Putting values of (ii) and (iii) in (i):
1261 3P 1261P 1200P
Þ P- = 183 Þ - = 183
8000 20 8000 8000
Þ 61P = 183 × 8000 Þ P = Rs. 24000
 éæ R ö
3
ù
18. (d); Here, CI = P êç 1 + ÷ - 1 ú
êëè 100 ø úû

éæ 5 ö
3
ù
Þ 504.40 = P êç 1 + ÷ø - 1ú
êë è 100 úû

éæ 21 ö 3 ù é 1261 ù
Þ 504.40 = P êç ÷ - 1ú Þ 504.40 = P ê ú
êëè 20 ø úû ë 8000 û
Þ P(Principal) = Rs. 3200
P ´ R ´ T 3200 ´ 5 ´ 3
Þ SI = = = Rs. 480
100 100
19. (a); Here, P = Rs. 1500, R = 25% p.a.
n = ? (No. of years)
Now according to question:
éæ R ö ù
n
æ 25 ö
n
æ 5ö
n

Þ P êç 1 + ÷ø ú > 2P Þ çè 1 + ÷ø > 2 Þ çè ÷ø > 2

êë è 100 úû 100 4
By hit and trial method, we get Þ n = 4 years
20. (c); Here,SI for 3 years = Rs. 240
240
SI for 1 year = Rs.
3
240
SI for 2 years = Rs. ´ 2 = Rs. 160
3
P´R´2
Þ 160 = Þ PR = 8000
100
2
æ R ö
Hence, ( 164 - 160 ) = P çè ÷
100 ø
2
é 8000 ù P ´ 8000 ´ 8000
Þ 4 = Pê Þ 4 =
ë P ´ 100 úû P 2 ´ ( 10000 )
Þ P = Rs. 1600