Compound Interest

1. Find the compound interest on ₹ 8000 for 3 years at 5% per annum.

2. A sum of ₹ 3000 is lent for 3 years at 10% p.a. compound interest. Find the amount
1) ₹ 3993 2) ₹ 3663 3) ₹ 3223 4) ₹ 3553 5) ₹ 3232

3. On what sum of money will the compound interest be ₹ 252 in 2 years at 10% per annum
1) ₹ 800 2) ₹ 960 3) ₹ 1200 4) ₹ 1440 5) ₹ 1240

4. The compound interest on a certain sum of money for 2yrs at 5% p.a. is ₹ 164. Find the corresponding
simple interest
1) ₹ 150 2) ₹ 154 3) ₹ 158 4) ₹ 160 5) ₹ 180

5. The amount at compound interest on a sum of money for 4 years at 5% p.a. is ₹ 15558.48. Find the sum
1) ₹ 10800 2) ₹ 12000 3) ₹ 12400 4) ₹ 13200 5) ₹ 12800
6. Two years ago, the enrolment of a school was 1200 and at present is 1587. Find the % increase per
annum
1) 15 2) 12 3) 12.5 4) 18 5) 20

7. The present population of a village is 1250. It is increasing by 20% p.a. After how many years will it be
2160?
1) 2 2) 3 3) 4 4) 2.5 5) 5

8. A building worth ₹ 14,64,100 is constructed on land worth ₹ 6,56,100. The land appreciates at 10% p.a.
and the building depreciates at 10% p.a. After how many years will the values of both be the same?
1) 4 2) 3 3) 2 4) 2.5 5) 5

9. Write down the expression to find the C.I. on ₹ P for T years at R% p.a. the interest being compounded
once every two months
1) P(1+ R/300)6T 2) P(1+R/600)3T 3) P(1+R/600)6T-P 4) P(1+R/1200)12T-P
5) P(1-R/300)6T
10. Find the compound interest on ₹ 2000 at 20% p.a. for 1½yrs, the interest being compounded half yearly.
1) ₹ 662 2) ₹ 2662 3) ₹ 3783 4) ₹ 2415765 5) ₹ 1662

11. The difference between S.I. and C.I for 2 years at 15% p.a. is ₹ 450. Find the sum
1) ₹ 16000 2) ₹ 18000 3) ₹ 20000 4) ₹ 24000 5) ₹ 22000

12. The difference between S.I. and C.I. for 3 years at 10% p.a. is ₹ 1240. Find the sum.
1) ₹ 20000 2) ₹ 24000 3) ₹ 32000 4) ₹ 40000 5) ₹ 26000
13. The simple interest and the compound interest on a certain sum of money for 2years are ₹ 8000 and ₹
8800 respectively. Find the sum and the rate p.c.p.a
1) ₹ 10000 and 10 2) ₹ 20000 and 20 3) ₹ 10000 and 20
4) ₹ 20000 and 10 5) ₹ 10000 and 30
14. The S.I and the C.I on a certain sum of money for 3 years are ₹ 3750 and ₹ 4058 respectively. Find the
sum and the rate p.c.p.a.
1) ₹ 15,625 and 8 2) ₹ 15,625 and 12 3) ₹ 15,650 and 8
4) ₹ 15,650 and 12 5) ₹ 15,500 and 8
15. At C.I a certain sum becomes twice in 5 years. In how many years will it becomes 16 times?
1) 8 2) 12 3) 15 4) 18 5) 20
16. At what % p.a C.I will a sum of money become 1 2465/4096 times in 4 years?
1) 5 2) 12 3) 15 4) 18 5) 12.5
17. A sum of money lent at C.I amounts to ₹ 24200 in 2yrs and to ₹ 29282 in 4yrs. Find the sum and the
rate p.c.p.a.
1) ₹ 10000 and 10 2) ₹ 20000 and 20 3) ₹ 10000 and 20
4) ₹ 20000 and 10 5) ₹ 20000 and 40
18. What is the difference between the S.I and C.I, compounded half yearly on ₹ 40000 at 10% p.a. at the
end of 1½ years?
1) ₹ 208 2) ₹ 248 3) ₹ 305 4) ₹ 345 5) ₹ 355
19. The rate of C.I. is 1% p.m. for the first month, 2% p.m. for the second month and 3% p.m. for the third
month. What would be the interest on ₹ 10 lacs at the end of the third month?
1) ₹ 61,106 2) ₹ 60,016 3) ₹ 61,016 4) ₹ 60,006 5) ₹ 62,1
20. The rate of C.I. is 25% p.a. in alternate years beginning from the first year, 20% p.a. in the remaining
alternate years. How much amount would ₹ 48,960 become at the end of the fifth year?
1) ₹ 1,20,000 2) ₹ 1,24,000 3) ₹ 1,32,400 4) ₹ 1,37,700 5) ₹
1,22,000
21. What is the difference between the simple interest and the compound interest, compounded half yearly
on ₹ 50,000 at 24% p.a. in one year?
1) ₹ 720 2) ₹ 620 3) ₹ 820 4) ₹ 1020 5) ₹ 1040
22. What equal annual payment will dischange a debt of ₹ 3,60,000 in 2yrs at 25% p.a. compound interest?
1) ₹ 2,00,000 2) ₹ 2,24,000 3) ₹ 2,50,000 4) ₹ 2,60,000 5) ₹
1,60,000
23. ₹ 70,45,000 is to be divided between A and B so that A’s share at the end of 10 years may be equal to
the share of B at the end of 12 yrs at 12% p.a. compound interest. The present share of a is?
1) 39,20,000 2) 31,25,000 3) 40,25,000 4) 30,20,000 5) 49,20,000
24. A man borrowe an amount at 18% p.a. S.I and immediately lent it at 20% p.a C.I, compounded half
yearly. In this deal he gained ₹ 1500 in one year. Find the amount he borrowed
1) ₹ 75,000 2) ₹ 90,000 3) ₹ 50,000 4) ₹ 45,000 5) ₹ 55,000
25. What is the C.I on ₹ 1lac at 24% p.a in one and a half years, the interest being compounded annually?
1) ₹ 36,000 2) ₹ 37,200 3) ₹ 38,420 4) ₹ 38,880 5) ₹ 39,880