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The document contains a series of mathematical problems related to simple and compound interest, including calculations for time, interest rates, and total amounts. Each question provides multiple-choice answers, testing knowledge of financial concepts. The problems cover various scenarios involving loans, investments, and interest calculations over different time periods.

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21 views

questions

The document contains a series of mathematical problems related to simple and compound interest, including calculations for time, interest rates, and total amounts. Each question provides multiple-choice answers, testing knowledge of financial concepts. The problems cover various scenarios involving loans, investments, and interest calculations over different time periods.

Uploaded by

dicatec962
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Simple and Compound Interest

1. How much time will it take for an amount of Rs. 900 to yield Rs. 81 as interest at 4.5% per annum
of simple interest?
A. 2 years B. 3 years C. 1 year D. 4 years

2. Arun took a loan of Rs. 1400 with simple interest for as many years as the rate of interest. If he paid
Rs.686 as interest at the end of the loan period, what was the rate of interest?
A. 8% B. 6% C. 4% D. 7%

3. 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. 700 B. Rs. 690 C. Rs. 650 D. Rs. 698

4. A sum fetched a total simple interest of Rs. 929.20 at the rate of 8 p.a. in 5 years. What is the sum?
A. Rs. 2323 B. Rs. 1223 C. Rs. 2563 D. Rs. 2353

5. What will be the simple interest on Rs. 80,000 at 16(2/3) % per annum for 9 months?
A. 8,000 B. 9,000 C. 10,000 D. 11,000

6. Find the simple interest on Rs. 5000 at 6 % per annum for the period from 5th Feb to 19th April,
2018?
A. Rs. 40 B. Rs. 50 C. Rs. 60 D. Rs. 70

7. Suresh borrows Rs. 10,000 for 2 years at 4 % p.a. simple interest. He lends it to Ramesh at 6 % p.a.
for 2 years. Find his gain in this transaction per year.
A. Rs. 150 B. Rs. 200 C. Rs. 400 D. Rs. 450

8. At what rate percent per annum will sum of money double in 20 years?
A. 1.2 % B. 2 % C. 4 % D. 5 %

9. John took a loan of Rs. 1500 with simple interest for as many years as the rate of interest. If he paid
Rs. 540 as interest at the end of loan period, what was the rate of interest?
A. 2 % B. 3 % C. 4 % D. 6 %

10. What will be the ratio of simple interest earned by certain amount at the same rate of interest for 5
years and that for 15 years?
A. 3 : 2 B. 1 : 3 C. 2 : 3 D. 3 : 1

11. What is the difference between the compound interests on Rs. 5000 for 1 (1⁄2) years at 4% per
annum compounded yearly and half-yearly?
A. Rs. 2.04 B. Rs. 4.80 C. Rs. 3.06 D. Rs. 8.30

12. 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 is:
A. Rs.600 B. Rs.645 C. Rs.525 D. Rs.625

13. The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:
A. 1 B. 2 C. 3 D. 3.5
14. There is 80% increase in an amount in 8 years at simple interest. What will be the compound
interest of Rs. 14,000 after 3 years at the same rate?
A. Rs.3794 B. Rs.3714 C. Rs.4612 D. Rs.4634

15. The population of a city increases 5 % annually but decreases by 1/4 % due to emigration. Find
the net increase in percent in 3 years.
A. 8.63 % B. 11.89 % C. 13.25 % D. 14.93 %

16. Find the compound interest on Rs. 5000 for 9 months at 6% per annum, if the interest is reckoned
quarterly.
A. Rs. 218.98 B. Rs. 228.39 C. Rs. 250.69 D. Rs. 356.50

17. Find compound interest on Rs. 8500 at 4 % per annum for 2 years, compounded annually.
A. Rs. 752.6 B. Rs. 693.6 C. Rs. 553.6 D. Rs. 593.6

18. A amount of Rs. 500 amounts to Rs. 583.20 in two years if compounded annually. Find the rate of
interest per annum.
A. 5.6 % B. 6 % C. 8 % D. 9.2 %

19. A sum of money doubles itself at compound interest in 10 years. In how many years will it be
eight times?
A. 30 years B. 28 years C. 25 years D. 22.5 years

20. The difference between C.I. and S.I. on a certain sum at 10 % per annum for 2 years is Rs. 530.
Find the sum.
A. 53000 B. 57500 C. 69800 D. 28090

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