COMPOUND INTEREST 2023

ASSIGNMENT
CALCULATE COMPOUND 8. Find the principal if the interest compounded
INTEREST/AMOUNT at the rate of 10% per annum for two years is
1. Find the compound interest on Rs. 12000 at Rs. 420?
10% p.a. for 2 years. (a) Rs. 2000 (b)Rs. 2200
(a) Rs. 2620 (b)Rs. 2500 (c) Rs. 1000 (d)Rs. 1100
(c) Rs. 2520 (d)Rs. 2000
9. Find the principal if compound interest is
2. Find the compound interest on Rs. 8000 at 5% charged at the principal at the rate of 16.66% per
p.a. for 3 years. annum for two years and the sum becomes Rs.
(a) Rs. 1250 (b)Rs. 1261 196.
(c) Rs. 1241 (d)Rs. 1271 (a) Rs. 140 (b)Rs. 154
(c) Rs. 150 (d)Rs. 144
3. Find the compound interest on Rs. 18,750 in 2
yrs, the rate of interest being 4% for the first 10. A sum of 5324 is accumulated in 3 years at
year and 8% for the second year. 10% C.I. what is the original amount?
(a) Rs. 2310 (b)Rs. 2300 (a) Rs. 2000 (b)Rs. 4000
(c) Rs. 2400 (d)Rs. 2500 (c) Rs. 6000 (d)Rs. 3000

2 HALF YEARLY/QUARTERLY
4. A sum of 4900 in lent at 4 % for 2 years.
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11. Find compound interest on Rs. 5000 at 12%
Find C.I. after two years.
p.a. for 1 year, compounded half-yearly.
(a) 1100 (b) 1200
(a) 600 (b) 618
(c) 1300 (d) 1500
(c) 712 (d) 750
5. Find compound interest on Rs. 4000 at 10%
12. A certain sum invested at 4% annum
per annum for 2 years and 3 months,
compounded half-yearly amount to Rs. 7803 at
compounded annually.
the end of one year. The sum is:
(a) 921 (b) 491
(a) 7000 (b) 7200
(c) 961 (d) 941
(c) 7500 (d) 7700
CALCULATE PRINCIPAL
13. The effective rate of 10% p.a. of half-yearly
6. If C.I. is charged on a certain sum for 2 years
for 1 year?
at 10% the amount becomes 605. Find the
(a) 10.25 (b) 10.30
principal?
(c) 10 (d) 10.40
(a) Rs. 550 (b)Rs. 500
(c) Rs. 450 (d)Rs. 400
14. What will be the compound interest annual
on an sum of Rs. 10,000 at the rate of 20% in
7. Rs. 1694 is repaid after two years at
two years if interest in compounded half-yearly?
compound interest. Which of the following is
(a) 4400 (b) 4600
the value of the principal and the rate?
(c) 4641 (d) 4650
(a) Rs. 1200, 20% (b)Rs. 1300, 15%
(c) Rs. 1400, 10% (d)Rs. 1500, 12%
15. What will be the C.I. at 5000, 20% p.a. for 1
years. If rate is calculated at half-yearly?

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COMPOUND INTEREST 2023

(a) 1005 (b) 1050 (c) 12000 (d) None of these

(c) 1040 (d) 1030
RATIO METHOD
16. A sum of money is lent out at C.I. rate of
20% per annum for 2 years. If would fetch Rs. 23. At what rate per cent compounded yearly
482 more if interest is compound half-yearly. will Rs. 80,000 amount to Rs. 88,200 in 2 yrs?
Find the sum. (a) 6% (b) 7%
(a) 20,000 (b) 22,000 (c) 3% (d) 5%
(c) 24,000 (d) None of these
24. The rate of interest at which amount of Rs.
DIFFERENCE BETWEEN SI / CI 1800 on compound amount becomes Rs.
1984.50 in 2 years is
17. Find the difference between simple interest (a) 3% (b) 4%
and compound interest on 20000 Rs. For 3 years (c) 5% (d) 6%
at 10% p.a. is:
(a) 610 (b) 600 25. In how many years will a sum of Rs. 10000
(c) 620 (d) 310 at 10% p.a. compounded annually become Rs
.13310 ?
18. What will be the difference between the (a) 3 (b) 4
compound interest and simple interest at the rate (c) 5 (d) 6
of 5% an amount of Rs. 4000 at the end of two
years? 26. In how many years will a sum of Rs. 10000
(a) 10 (b) 20 at 10 % p.a. compounded annually become Rs.
(c) 25 (d) None of these 13310 ?
(a) 3 (b) 4
19. What is the difference between CI and SI for (c) 5 (d) 6
the sum of Rs. 2000 over a 2 year period if the
compound interest is calculated at 20% and 27. Find the sum which will amount to Rs. 9261
simple interest is calculated at 23% after 3 years compounded at the rate of 5%
(a) Rs. 400 (b)Rs. 44 (a) 8000 (b) 8500
(c) Rs. 40 (d)Rs. 440 (c) 9000 (d) 9200

20. The difference between compound interest 28. Rs. 4800 becomes Rs. 6000 in 4 years at a
and simple interest on a certain sum at 8% per certain rate of compound interest. What will be
annum for 2 years is Rs. 240. Find the sum. the sum after 12 years?
(a) 37500 (b) 35000 (a) 9435 (b) 9275
(c) 32000 (d) 30000 (c) 8375 (d) 9375

21. If difference between compound interest and 29. A sum of money amounts to Rs. 1210 in two
simple interest on a sum of money for two years years and Rs. 1331 in three years at compound
at 10% per annum is Rs. 24, then the sum is: interest (interest being compounded annually).
(a) 1800 (b) 2000 The interest rate per annum is
(c) 2400 (d) 2500 (a) 8 (b) 10
(c) 10.5 (d) 11
22. Difference between compound and SI on a
certain sum for 3 yrs at 5% per annum is Rs. 30. A sum of money amounts to Rs. 12100 in
122. The sum is: two years and Rs. 14641 in 4 years at compound
(a) 16000 (b) 15000 interest annually. The sum is:

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COMPOUND INTEREST 2023

(a) 8000 (b) 10000 37. A sum of 4000 deposited at compound

(c) 11000 (d) 12000 interest doubles itself in 5 years. What will
amount to after 25 years at same rate?
31. A sum of money amounts to Rs. 6690 in 3 (a) 64000 (b) 128000
years and Rs. 10035 in 6 years at compound (c) 246000 (d) 256000
interest (interest being compounded annually).
The sum is 38. At what rate per cent compound interest does
(a) 4400 (b) 4445 a sum of money become nine-fold in 2 years?
(c) 4460 (d) 4520 (a) 200% (b) 300%
(c) 250% (d) 150%
32. A sum of money placed at compound interest
doubles itself in 4 years. In how many years will SI FROM CI AND VICE VERSA
it
(a) 12 years (b) 13 years 39. The CI on a certain sum is Rs. 104 for 2
(c) 8 years (d) 10 years years and SI is Rs. 100. What is the rate per
cent?
33. A sum of money at compound interest (a) 7% (b) 8.5%
amounts to thrice itself in three years. In how (c) 8% (d) 9%
many years will it be 9 times of itself?
(a) 5 years (b) 10 years 40. The CI on a certain sum is Rs. 836 for 2 yrs
(c)6 years (d) 12 years and SI is Rs. 800. What is the rate per cent?
(a) 7% (b) 9%
1 (c) 10% (d) 12%
34. If the amount is 2 times of the sum after 2
4
years at compound interest, the rate of interest 41. The simple interest on a sum of money for 5
per annum is years is Rs. 2000 at 15% p.a. Find the
(a) 30% (b) 40% compound interest on the same sum of money at
(c) 25% (d) 50% same rate for 3 years.
(a) 1286 (b) 1389
(c) 1550 (d) 1440
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35. If the amount is 3 times of sum after 3 years
8 42. A sum is invested at compound interested
at compound interest, Rate of interest per annum payable annually. The interest after first year
is was 80 Rs. And after 2 years was 170 Rs. The
(a) 30% (b) 40% rate is
(c) 25% (d) 50% (a) 10% (b) 14%
(c) 12.5% (d) 15%
36. A sum of money deposited at compound
interest doubles itself in 4 years. It will amount 43. A sum is invested at compound invested
to sixteen times at the same rate in payable annually. The interest in two successive
(a) 12 years (b) 16 years years is Rs. 500 and Rs. 540. The sum is:
(c) 24 years (d) 30 years (a) 5000 (b) 3750
(c) 5600 (d) 6250

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COMPOUND INTEREST 2023

ANSWER KEY

1. c 2. b 3. a 4. d 5. c 6. b 7. c 8. a 9. d 10 b
11. b 12. c 13. a 14. c 15. b 16. a 17. c 18. a 19. c 20. a
21. c 22. a 23. c 24. d 25. c 26. a 27. a 28. d 29. b 30. b
31. c 32. a 33. c 34. d 35. d 36. b 37. b 38. a 39. c 40. b
41. b 42. c 43. d