EXERCISE--1
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1) ₹1200 is lent out at 5%per annual annum simple interest for 3 years. find the amount after 3 years.
A) 1380. B)1290
C)1470 D) 1200 E) 1240
2) Interest obtained on a sum of ₹5000 for 3 years is ₹1500. find the rate percentage.
A) 8% B)9% C)10%. D)11% E)12%
3) ₹2100 is lent at compound interest at 5% per annum for 2 years. find the amount after 2 years.
A) 2300 B) 2315.25.
C)2310 D) 2320 E) none
4) ₹1694 is repaid after 2 years at compound interest. Which of the following is the value of the principal and the rate
A) 1200, 20% B) 1300, 15%
C) 1400,10%. D) 1500, 12% E) N
5) Find the difference between the simple and the compound interest at 5% per annum for 2 years on a principal of ₹2000.
A) 5. B) 105 C) 4.5 D) 5.5 E) n
6) find the rate of interest amount after two years of simple interest on capital of ₹1200 is ₹1440.
A) 8% B)9% C)10%. D)11% E)12%
7) After how many years will a sum of ₹12500 become ₹17500 at the rate of 10% per annum?
A) 2 B) 3 C) 4. D) 5 E) 6yrs
8) What is the difference between the simple interest on a principal of ₹500 being calculated at 5% per annum for 3 years at 4% per annum for 4 years ?
A) 5. B) 10 C) 20 D) 40 E) none
9) What is the simple interest on a sum of ₹700 if the rate of interest for the first 3 years is 8% p.a and for the last 2 years is 7.5 % per annum ?
A) 269.5 B) 283 C) 273. D) 280 E) none
10) What is the simple interest for 9 years on sum of ₹800 if the rate of interest for the past 4 years at 8% p a and for the last 4 years is 6%p.a ?
A) 400 B) 392 C) 352 D) 382 E) cannot be determined.
11) what is the difference between compound interest and simple interest for the sum of ₹2000 over a 2 year period if the compound interest is calculated at 20% and simple interest is calculated at 23%.
A) 40. B)46 C)44 D) 44 E) none
12) Find the compound interest on ₹1000 at the rate of 20% p.a for 18 months when interest is compounded half yearly.
A) 331. B)1331 C)320 D)325 E) n
13) find the principal if the interest compounded at the rate of 10% per annum for 2 years is ₹420.
A) 2000. B) 2200 C) 1000
D) 1100 E) 1200
14) find the principal if compound interest is charged on the principal at the rate of for 50/3% p.a for 2 years the sum becomes ₹196.
A)140 B)154 C)150 D)160. E) n
15) The SBI lent ₹1331 to the Tata group at a compound interest and got ₹1728 after three years. What is the rate of interest charged if the interest is compounded annually.
A)11% B)9.09%. C)12% D)8.33% E) n
16) In what time will ₹3300 becomes ₹3399 at 6% p.a interest compounded half-yearly
A) 6 months. B) 1 C) 3/2 yrs
D) 3 months E) none
17) Rajan purchased a Maruti van for ₹196000 and the rate of depreciation 100/7 % per annum. find the value of the Van after 2 years.
A) 140000 B) 144000.
C)150000 D) 160000 E) none
18) At what % per annum, will ₹10,000 amount 78280 in three years? (compound interest being reckoned)
A)20%.B)14%C)24% D)11% E)12% F) none
19) Vinay deposit ₹8000 in ICICI bank, which pays him 12% interest per annum compounded quarterly. what is the amount that he received after 15 months.
A) 9274.2. B) 9228.8 C) 9314.3
D) 9338.8 E) none
20) what is the rate of simple interest for the first 4 years if the sum of ₹360 become ₹540 in 9 years and the rate of interest for the last 5 years is 6% ?
A) 4% B)5%. C)3% D)6% E) 3.5%
21) Harsha makes a fixed deposit of ₹20000 with the Bank of India for a period of 3 years. if the rate of interest be 13%. SI per annum charged half yearly, what amount will he get after 42 months?
A) 27800 B)28100 C)29100.
D) 28500 E) none
22) Ranjeet makes a deposit of ₹50000 in the Punjab National Bank for a period of 5/2 years. if the rate of interest is 12% per annum compounded half yearly, find the maturity value of the money deposited by him.
A) 66911.27. B) 66123.34
C) 67925.95 D)65550.8 E) N
23) Vinod makes a deposit of100000 in the Syndicate Bank for a period of 2 years. If the rate of interest be 12% per annum compounded half yearly, what amount will he get after 2 years
A) 122247.89 B) 125436.79
C) 126247.69. D)122436.89 E) n
24) what will be the simple interest on ₹700 at 9% per annum for the period from February 5 1994 to April 18, 1994 ?
A)12.60. B)11.30 C)15 D)13 E) n
25) Ajay borrows ₹1500 from two moneylenders. He pays interest at the rate of 12% per annum for one loan and at the rate of 14% per annum for the other. The total interest he pays for the entire year is ₹186. how much does he borrows at the rate of 12% ?
A) 1200. B)1300 C) 1400
D) 300 E) none
26) A sum was invested at simple interest at a certain intrest for 2 years. It would have fetched ₹60 more had it been invested at 2% higher rate What was the sum
A) 1500. B) 1300
C) 2500 D) 1000
27) The difference between simple and compound interest on a sum of money at 5% per annum is what is ₹15. What is the sum.
A) 5000 B) 10000.
C) 4000 D) data insufficient
28) A sum of money is borrowed and paid back into two equal annual installments of ₹882, allowing 5% compound interest. The sum borrowed was.
A) 1640. B) 1680
C) 1620 D) 1700
29) Two equal sums were borrowed at 8% simple interest per annum for 2 years and 3 years respectively. The difference in the interest was ₹56. The sum borrowed were..
A) 690 B)700. C)740 D) 780
30) In what time will the simple interest on ₹1750 at 9% per annum be the same as that ₹2500 at 10.5% per annum in 4 years ?
A) 6 yrs 8 months.
B) 7yrs 3 months
C) 6yrs D) 7yrs.6 months
31) In what time will ₹500 give ₹50 as interest at the rate of 5% per annum simple interest ?
A) 2. B) 5 C) 3 D) 4 yrs
32) Shashikant derives an annual income of ₹688.25 from 10000 invested partly at 8% p.a and partly at 5% simple interest. How much of his money is invested at 5% p.a. simple interest. How much of his money is invested at 5%.
A) 5000 B)4225 C)4800 D)3725.
33) if the difference between the simple interest and compound interest on a sum principal amount at 20% per annum for 3 years is 48, then the principle amount must be.
A) 550 B)500 C)375. D) 400
34) Raju land ₹400 to Ajay for two years and ₹100 to manoj for 4 years and received together from both ₹60 as interest. Find the rate of interest, simple interest calculated.
A)5%. B) 6% C) 8% D) 9%
35) In what time will ₹8000 amount to 40000 at 4% per annum ? (simple interest being reckoned)
A) 100. B)50 C) 110 D) 160 yrs
36) What annual payment will discharge a debt for ₹808 due in 2 years at 2% per annum ?
A) 200 B)300 C) 400. D) 350
37) A sum of money becomes 4 times at simple interest in 10 years. What is the rate of interest.
A)10% B) 20% C) 30%. D) 49%
38) A sum of money Doubles itself in 5 years. In how many years will it becomes four fold (if interest is compounded)
A) 15 B) 10. C) 20 D) 12
39) A difference between the interest received from two different banks on ₹400 for 2 years is ₹4. what is the difference between their rates ?
A)0 5%.B) 0.2%C)0.23% D)0.52%
40) A sum of money placed at compound interest Doubles itself in 3 years. In how many years will it amount to 8 times itself ?
A) 9. B) 8 C) 27 D) 7 yrs
41) If the compound interest on a certain sum for 2 years is ₹21. What could be the simple interest
A) 20. B) 16 C) 18 D) 20.5 E) Data inadequate
42) Divide ₹6000 into two parts so that simple interest on the first part for 2 years at 6% per annum may be equal to the simple interest on the second part for 3 years at 8%p.a
A) 4000, 2000. B) 5000, 1000
C) 3000, 3000 D) none
43) Divide ₹3903 between Amar and Akbar such that Amar's share at the end of 7 years is equal to Akbar's share at the end of a 9 years at 4% per annum rate of compound interest.
A) 2028, 1875. B) 2008, 1000
C) 2902, 1001 D) 2600, 1303
44) A sum of money becomes 7/4 itself in 6 years at a certain rate of simple interest. find the rate of interest.
A) 12% B) 25/2%. C) 8% D) 14%
45) Sanjay borrowed ₹900 at 4% p.a and ₹1100 at 5%p.a for the same duration. He had to pay ₹364 in all as interest. What is the time period in years?
A) 5 B) 3 C) 2 D) 4 years.
46) If the difference between compound and simple interest on a certain sum of money for 3 years at 2% p.a. is ₹604, what is the sum?
A) 500000. B) 45000
C) 510000 D) none.
47) In a certain sum of money becomes double at simple interest in 12 years, what would be the rate of interest p.a.
A) 25/3. B) 10 C) 12 D) 14
48) Three persons Amar, Akbar and Anthony invested different amounts in a fixed deposit scheme for one year at the rate of 12%p.a and earned total interest ₹3240 at the end of the year. If the amount invested by Akbar is ₹5000 more than the amount invested by Amar and the invested by Anthony is ₹2000 more than the amount invested by Akbar, what is the amount invested by Akbar
A) 12000 B) 10000.
C) 7000 D) 5000
49) A sum of ₹600 amounts to ₹720 in 4 years at simple interest. What will it amount to if the rate of interest is increased by 2% ?
A) 648 B)768. C) 726 D) 792
50) What is the amount of equal installment, If a sum of ₹1428 due 2 years hence has to be completely repaid in 2 equal installments starting next year.
A) 700 B) 800 C) 650
D) can't be determined.
51) The SI on a sum of money 25% of the principal, and the rate per annum is equal to the number of years. find the rate %
A) 4.5% B) 6% C) 5%. D) 8%
52) The rate of interest for first 3 years is 6% p.a, for the next 4 years, 7% per annum and for the period beyond 7 years, 7.5 % per annum. If a man lent out ₹1200 for 11 years, find the total interest earned by him?
A) 1002 B) 912. C) 864 D) 948
53) A sum of money doubles itself in 12 years. Find the rate percentage per annum.
A)12.5% B)8.33%.C) 10% D)7.51%
54) A certain sum of money amounts to ₹704 in 2 years and ₹800 in 5 years . Find the rate percent per annum.
A) 580 B) 600 C) 660 D) 640.
55) A sum of money was invested at simple interest at a certain the rate for 3 years. Had it been invested at 4% higher rate, it would have fatched ₹480 more Find the principal.
A)4000. B)4400 C)5000 D)3500
56) A certain sum of money triples itself in 8 years. In how many years it will be five times.
A) 22 B) 16. C) 20 D) 24 years
57) If compound interest is charged on a certain sum for 2 years at 10% the amount becomes 605. Find the principle
A) 550 B) 450 C) 480 D) 500.
58) If the difference between the compound interest and simple interest on a certain sum of money is ₹72 at 12% per annum for 2 years, then find the amount
A)6000 B)5000. C)5500 D)6500
59) The population of Jhumri Talaiya increases by 10% in the first year, it increases by 20% in the second year and due to mass exodus, it decreases by 5% in the third year. What will be its population after 3 years, if today it is 200000 ?
A) 11540 B)13860
C)12860 D) 12540.
60) Seth Ankoosh Gawdekar borrows a sum of ₹1200 at the beginning of a year. After 4 months, ₹1800 more is borrowed at a rate of interest doubles the previous one. At the end of the year, the sum of interst on both the loans is ₹216. What is the first rate of interest p.a.
A) 9%. B) 6%. C) 8% D) 12%
61) Rajiv lend out ₹9 to Anni on condition that the amount is payable in 10 months by 10 equal installment of ₹1 each payable at the start of every month. What is the rate of interest per annum if the first installment has to be paid one month from the date the loan is availed.
A) 1% B) 2% C) 2.22%. C) 2.54%
EXERCISE - 2
1) A sum of money invested at simple interest triples itself in 8years at simple interest. Find in how many years will it becomes 8 times itself at the same rate?
A) 24 B) 28. C)30 D) 21 E) 25 yrs.
2) A sum of money is invested at simple interest triples itself in 8 years. How many times it becomes in 20 years time?
A) 8 B) 7 C) 6. D) 9 E) none
3) If ₹1100 is obtained after lending out ₹ x at 5% per annum for 2 years and ₹1800 is obtained after landing out ₹ y at 10% per annum for 2 years, find x+y
A) 2500. B)3000 C)2000
D) 2200 E) 2250
4) A certain sum of money was lent 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 ₹9000 taken for 12 years becomes at the end of 12 yrs.
A) 20200 B) 19800 C) 20000
D) 20160. E) none
5) If a person repaid ₹22500 after 10 years of borrowing a loan, at 10% per annum simple interest find out what amount did he take as a loan?
A)11225 B) 11250. C) 10000
D) 7500 E) none
6) Mr. X, a very industrious person, wants to establish his own unit. For this he needs an instant loan of ₹500000 and, every five years he requires an additional loan of 100000. if he had to clear all his outstanding in 20 years, and he repays the principal of the first loan equally over the 20 years, find what amount he would have to pay as interest on his initial borrowing if the rate of interest is 10%p.a. simple interest.
A) 560000 B) 540000
C) 525000. D) 500000 E) none
7) The population of a city is 200000. If the annual birth rate and the death rate are 6% and 3% respectively. Then calculate the population of the city after two years.
A) 212090 B) 206090 C) 212000
D) 212180 . E) 215000
8) A part of ₹38800 is lent out at 6% for 6 months. The rest of the amount is lent out at 5% per annum after 1 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 the lent out at 5%.
A) 26600 B) 28800. C) 27500
D) 28000 E) none
9) If the simple interest is 10.5% annnual and compound interest is 10% annual, find the difference between interest after 3 years on a sum of ₹1000.
A) 15 B) 12 C) 16. D) 11 E) 10
10) A sum of ₹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 ₹1728. Find the difference between the rate of compound interest and depreciation.(given CI is 10% p.a) (Approximately)
A)3.33%B)0.66% C)3% D)1%E)2%.
11) The RBI lends certain amount to the SBI on simple interest for 2 years at 20%. The SBI gives this entire amount to Bharti Telecom on compound interest for 2 years at the same rate annually. Find the percentage earning of the SBI at the end of the two years on the entire amount.
A) 4%. B)22/7%
C)23/7%. D)27/7%
E)Can't be determined.
12) Find the compound interest on ₹64000 for one year at the rate of 10% p.a compounded quarterly (to the nearest integer)
A) 8215 B) 8205 C) 8185
D) 8225 E) none.
13) If a principal P becomes Q in 2 years when interest R% is compounded half yearly. And if the same principle P becomes Q in two years when interest S% is the compound annually, then which of the following is true.
A) R>S B)R=S C)R<S D)R≤D E) N
14) Find the compound interest at the rate of 10% for three years on that principal which in 3 years at the rate of 10% p.a gives ₹300 as simple interest.
A) 331. B)310 C)230 D)333 E) n
15) The difference between compound interest and simple interest on a certain sum of money at 10% per annum for 3 years is ₹620. Find the principal if it is known that the interest is compounded annually.
A) 200000 B) 20000. C) 10000
D) 100000 E) 125000
16) The population of Mangalore was 12835 75 on 1 January 2001 and the growth rate of population was 10% in the last year and 5% in the years prior to it, the only exception being 1999 when because of a huge Exodus there was a decline of 20% in population. What was the population in January 1, 1995 ?
A) 1000000 B) 1200000.
C) 1250000 E) 1500000 E) none
17) According to the 2001 census, the population growth rate of Lucknow is going to be an increasing AP with 1st year's rate ad 5% and common difference as 5%, but simultaneously the migration, rate is an increasing GP with first term at 1% and common ratio of 2. If population on 31st December 2000 is 1 million, then find in which year will Lucknow witness its first fall in population?
A) 2005 B)2006. C) 2007 D) 2008 E) never.
18) Mohit Anand borrows a certain sum of money from the AMS BANK at 10% per annum compound interest. The entire debt is discharged in full by Mohit Anand on payment of two equal amounts of ₹1000each, one at the end of 1st year and other at the end of the second year. What is the approximate value of the amount borrowed by him?
A) 1852 B)1736. C) 1694 D) 1792 E) none
19) In order to buy a car, a man borrowed ₹180000 on the condition that he had to pay 7.5 % interest every year. He also agreed to repay the principal in equal annual installments over 21 years. After a certain number of years however, the rate of interest has been reduced to 7%. It is also known that at the end of the agreed period, He will have to paid in all ₹270900 in Interest. For how many years does he pay at the raduced Interest rate?
A) 7 B) 12 C) 14. D) 16 E) 15 yrs.
20) A sum of ₹8000 is borrowed at 5% p.a compound interest and paid back in 3 equal annual installments. What is the amount of each installment ?
A) ₹2937.67. B) 3000 C) 2037.67 D) 2739.76 E) none
21) Three amounts x,y and z are such that y is the simple interest on x and z is a simple interest on y. If in all the three cases, rate of interest per annum and the time for which interest is calculated is the same, then find the relation between x, y and z.
A) xyz= 1 B) x²= yz C) z=x²y D) y²= z. E) none.
22) A person lent out some money for 1 year at 6% p.a simple interest and after 18 months. He again lent out the same money at a simple interest of 24% per annum. In both the cases, he got ₹4704. Which of these could be the amount that was lent out in each case if interest is paid half yearly ?
A) 4000 B) 4400 C) 4200. D) 3600 E) 3800
23) A person bought a motorbike under the following scheme:
Down payment of ₹15000 and the rest amount at 8% per annum for 2 years. In this way, he paid ₹28920 in total. Find the actual price of the motorbike.(Assume simple interest)
A)26000 B) 27000. C) 27200 D) 26500 E) 28000
24) Hans Kumar borrows ₹7000 at simple interest from the village moneylender. At the end of 3 years, he again borrows ₹3000 and closes his account after paying ₹4615 as interest after 8 years from the time he made the first borrowing. Find the rate of interest.
A) 3.5% B) 4.5% C) 5.5% D) 6.5%. E) 5%
25) Some amount was lent at 6% per annum simple interest. After one year, ₹6800 is repaid and the rest of the amount is repaid at 5% per annum . If the second year's interest is 11/20 of the first year's interest, find what amount of money was lent out.
A) 17000. B) 16800 C) 16500 D) 17500 E) none
26) An amount of ₹12820 due 3 years hence, is fully repaid in 3 annual installments starting after one year. The first installment is 1/2 the 2nd installment and the second installment is 2/3 of the third installment. If the rate of interest is 10% per annum, find the first installment.
A) 2400 B) 1800 C) 2000 . D) 2500
** Read the following and answer the questions that follows:
The leading Indian Bank ISBI, in the aftermath of the Kargil episode, announced a loan scheme for the Indian Army. Under this scheme; the following options were available.
loans upto soft loan interest
(normal)
Sch.1 ₹50000 50% of tot. 8%
Sch.2 ₹75000 40% of tot. 10%
Sch.3 ₹100000 30% of tot. 12%
Sch.4 ₹200000 20% of tot. 14%
Soft loan is a part of the total loan and interest on this loan is half the normal rate of interest charged.
27) Soldier A took some loan under Scheme 1. soldier B under Scheme 2, soldier C under Scheme 3 and s
soldier D under Scheme 4. they get the maximum loan under their respective Schemes for one year, find which loan is M. (MUL, Maximum Utility Loan, is defined as the ratio of the total loan to interest paid over the time. Lower this ratio the better the MUL).
A) A B) B C) C D) D.
28) Extending this plan, ISBI further announced that windows of all the martyrs can get the loans in which the proportion of soft loan will be double. This increase in the proportion of the soft loan component is only applicable for the first year. For all subsequent years, the soft loan component applicable on the loan, follows the values provided in the table. The window of a soldier takes ₹40000 under Scheme 1 in one account for 1 year and ₹60000 under Scheme 2 for 2 years. Find the total interest paid by her over the 2 years period.
A) 11600. B) 10000 C) 8800 D) n
29) A sum is divided between A and B in the ratio of 1:2. A purchased a car from his part, which depriciates 100/7% p.a and B deposited his amount in a bank, which pays him 20% Interest p.a compounded annually. By what percentage will the total sum of money increase after two years due to this investment pattern (approximately)
A) 20% B) 26.66%. C) 30% D) 25%
30) Michael Bolton has ₹90000 with him. He purchases a car, a laptop and a flat for ₹15000, ₹13000 and ₹35000 respectively and puts the remaining money in a bank deposit that pay compound interest @15% per annum. After 2 years, he sells off the three items at 80% of their original price and also withdraws his entire money from the bank by closing the account. What is the total change in his asset ?
A) -4.5% B) + 3.5% C) - 4.32%. D) +5.5%
EXERCISE-- 3
1) What is the principal, if after 5 years at 11% p.a. simple interest, it amounts to ₹18600?
A) 12000. B) ₹8000 C) ₹15000 D) ₹11000
2) Given that principal amounts at 10% simple interest after 2 years what is the compound interest for 2 years on this principal at the same rate ?
A)₹10164 B)₹1764. C)₹1640 D) ₹ 3764
3) Mr. Patel borrows ₹10000 at 20% for 5 years at simple interest. But from the 4th year onwards, on the entire amount due at the end of 3 years, the lender begins to charge 20% interest compound annually. What is the amount repaid by Mr. Patel after 5 years from the beginning ?
A) ₹15342 B)₹18432 C)₹17324 D) 23040.
4) The difference between the amounts to be repaid by a man at the end of 2 years, at 20% per annum compounded annually and half yearly, is ₹1084.50. What is the principal ?
A) ₹45000. B) ₹50,000 C)₹51550 D)₹ 52500
5) Suhas borrowed a certain amount at 28% compound interest and repays it in one year. Bhanu borrows a certain amount at a certain interest rate under simple interest and returns it after 4 years. if the amounts repaid by Suhas and Bhanu are the same and that is equals to 3845400₹ and the sum of their principals borrowed is ₹54000, what is Bhanu's interest rate?
A)10% B) 12 % C)15%. D) 18% E) 7%
6) Krishna takes a loan of ₹80000 at simple interest. After 4 years he takes an additional loan of ₹14440. From that point, compound interest at 10% per annum is calculated on the total amount repayable on the first loan as well as well as the second loan. He repays a total of ₹30250 after 2 more years to clear the entire loan amount. What is the rate of simple interest ?
A) 6% B) 9% C) 7% D) 8% .
7) Kartik borrows ₹24000 from a bank at 12% simple interest, he repays 20% of the principal at the end of every year. What is the simple interest that has occurred at the end of 4 years ?
A)₹8120 B) ₹8106 C) ₹8408 D)₹8064. D) none
8) A sum of money invested at simple interest amounts to ₹2832 at the end of 3 years and ₹3120 at the end of 5 years. Find the principal.
A)₹2400. B)₹3000 C)₹ 3500 D)₹4200
9) The compound interest and the simple interest on a certain sum for 2 years are ₹1230 and ₹1200 respectively. The rate of interest is same for both compound interest and simple interest. What is the principal?
A)₹10000 B)₹ 12000. C)₹12500 D) 16000
10) A man took a loan of ₹100000 at 8% p.a compound interest. He repays ₹10000p.a. What is the amount due from him at the beginning of the 3rd year
A) 91917 B) 81917 C) 93970 D) 95840.
11) The compound interest on a certain sum for the 3rd and the 4th years is ₹1815 and ₹1996.5 respectively. What is the rate of interest?
A) 5% B) 8% C) 10%. D) 12%
12) Shrikant buys a car worth ₹ 525000. He pays ₹125000 as down payment and agrees to pay the remaining amount in installments. What is the approximate yearly installment amount to be paid by hum, if at 12% per annum compounded annually, he repays the remaining amount in three more years? given that (2/1.12)³= 0.71
A)16000 B) 16500. C) 18000 D) 18300
13) What annual installment will discharge a debt of ₹1450 due after 5 years at 8% p.s simple interest ?
A)₹320 B)₹450 C)₹250. D)₹400
14) Saurabh borrows ₹2500000 at 12% compound interest from a bank can invests in shares. The investment gives him a return of 20% p.a and he repays ₹500000 at the end of 1st year. How much does he make for himself after paying all the outstanding amount at the end of the second year ?
A)424000. B) 356241.50 C) 525000 D) 484241.80
15) Puneeth borrow ₹32000 from Jalpesh at 10% simple interest. He lends it to Govinda at 20% compound interest. How much more would Puneeth have gained, if Govinda had returned the amount in 3 years instead of 2 years ?
A) ₹5016 B)₹7016 C) 6016. D)₹4016
16) A sum of ₹3000 has been borrowed by Kiran who agrees to repays the amount in three equal annual installments. Initially the interest rate in the scheme is 10% p.a. compounded annually. but after to instalments have been paid, the interest rate is increased to 15%p.a. effective from that year. what is the value of the last installment ? Given (100/110)³= 0.75
A)₹1651 B)₹1575 C)₹1277. D)₹1471
17) The difference between the interest under the compound interest, interest being compounded annually and simple interest, for 2 years, for the same sum and at the same rate of interest is 112.5. Find the sum if the rate of interest is 15%.
A) 3500 B) 5000. C)7500 D) 10000
18) Prasad invests ₹34000, part of it in a scheme A at 20% p a. and the rest of it in scheme B at 60% p.a, both at compound interest. If after 2 years, the amount in scheme A is 9 times that in scheme B, how much was invested in scheme B ?
A)16000 B) 17000 C) 2000. D) 1000
19) The difference between the compound and simple interest on a sum for 3 years at 20% is ₹3200. find the sum.
A) 5000 B)10000 C)15000 D) 25000.
20) what is the present worth ₹20000 due after 3 years at 10% p.a.compound interest?
A) 13970 B)14120 C) 14580. D) 15730
21) In how many years will a sum of ₹1875 amount to ₹2187 at 8% p.a. compound Interest?
A)1 B) 2. C) 3 D) 4
22) Sunil takes a loan from a financier at 100 % p.a interest. When he was repaying it after 3 years. He had to pay ₹952000 more because the loan was compounded every moment, instead of annually. What is the principal amount? (Take e=2.71 and (2.71)³= 19.9)
A) 70000 B) 75000 C) 80000. D) 85000
23) A certain sum becomes twice itself in exactly 5 years at r% p.a. simple interest. in which year does the sum amount to twice itself. under r% compound interest?
A) 2. B) 3 C) 4. D) cannot be determined
24) Prakash invested a certain amount in a six year. fixed deposit scheme, interest being compounded annually. The interests accrued on this deposit for 4th and 5th year respectively, are ₹1331 are ₹1464.10. if George deposited 12000 in the same scheme. how much interest would be accrued on this deposit for the first two years ?
A) 1320 B)1452 C) 2520. D)4140
25) If a sum of ₹12000 is lent at 5% p.a., compound interest, what is the interest for the third year?
A) 441 B) 661.50. C) 531.20 D) 742.75
26) Akshay deposits a sum P in a bank at r% compound interest, The amount becomes 27P after 3 years by compounding annually. Instead, if the bank had compounded half yearly, what is the additional amount Akshay would have received in terms of P?
A) 57P B) 37P. C) 18P D) 5P
27) Prashant borrows a sum at compound interest and it amount to ₹138240 at the end of 3 years and to ₹199065.60 at the end of 5 years. What is the sum Borrowed ?
A) 76000 B) 80000. C) 90000 D) 96000
28) Srikar saves ₹20000 at the beginning of each year in a savings bank account that pays 5% p.a. interest being compounded annually. If, at the beginning of the third year, instead of depositing ₹20000, he withdraws ₹10000, how much would be the total saving of the man at the end of 3 years?
A) 28124.24 B) 29324.20 C) 31349.75 D) 34702.50.
29) A sum when lent at a certain rate compounded annually amounts to ₹1200 in 2 years and when lent at twice the previous rate amounts to ₹1323 in the same time. What is the rate at which it was initially lent ?
A) 4% B) 31/3% C) 100/19%. D) 25/4%
30) Venkat lends a sum P at r% compound interest. compounded every moment for 10 years. It becomes "a" times P after 10 years. what is interest rate? (assume in a= e²)
A) 100% B) 20%. C) 40% D) 200%
31) find the simple interest on a principal of ₹2400 at 5% per annum for a period of 4 years.
A) 480. B) 530 C) 640 D) 720
32) If ₹4000 becomes ₹4800 in 2 years, what will ₹6000 become at the end of 6 years at the same rate of interest, under simple interest ?
A) 9600. B) 10800 C) 21000 D) n
33) what is the amount under compound interest at the end of 3 years on a sum of ₹12000 at 10% p.a.
A) 15972. B) 16972 C) 17000 D) n
34) what principal would amount to ₹9600 in 6 years at the rate of 10% p.a. simple interest ?
A) 6000. B) 7000 C) 8000 D)9000
35) what sam would amount to ₹29282 in 3 years at the rate of 10% per annum compound interest ?
A) 20000 B) 21000 C) 22000. D)n
36) If a certain sum doubles in 5 years at simple interest. in how many years it becomes 6 times itself at the same rate of interest ?
A) 20 B) 25. C) 30 D) 35
37) A certain sum triples in 3 years under compound interest at a certain rate of interest. In how many years would the sum becomes 9 time itself at the same rate under compound interest.
A) 4 B) 6. C) 8 D) 10
38) If ₹8000 has been lent at 10% p.a the interest being compounded annually. what is the interest for the fifth year?
A) 1171.28. B) 1300 C) 1211.31 D) n
39) How much will ₹20000 approximately amount to in 2 years at 15% p.a the interest being compounded every 6 months ?
A)26709. B) 27709 C) 28709 D) n
40) if the rate of interest is 20% p.a where interest is compounded every four months, what is the effective rate of interest p.a.
A) 21.36. B) 22.12 C) 31 D) 40
41) A certain sum amounts to ₹7200 after 2 years and to ₹8640 after 3 years, interest being compounded annually. find the principal and the rate of interest which are whole numbers.
A) 5000, 20. B) 5000, 30 C) 5000, 40 D) none
42) the difference between the compound interest and simple interest for 2 years on a certain sum at a certain rate of interest is ₹64. find the principal if the compound interest for 2 years is ₹704.
A) 1600. B) 2000 C) 2400 D) 2600
43) The compound interest on a certain sum at a certain rate of interest for the second year is ₹2400 and for the 3rd year is ₹2880. find the principal and the rate of interest.
A) 10000,10% B) 10000, 20%. C) 20000, 5% D) n
44) Sanjay borrowed ₹14000 at 10% p.a, He repaired ₹8000 at the end of the first year. what amount should he pay at the end of second year to completely discharge the loan, compound interest being reckoned annually.
A) 8000 B) 8100 C) 8140. D) 9000
45) Hussain borrowed ₹15000 at the rate of 10% p.a. rate of compound interest, compounded annually. He repaid a certain amount at the end of the first year. Then he paid ₹12100 at the end of the second year to complete discharge the loan. what amount did he repay at the end of the first year.
A) 5000 B) 5500. C)6000 D) 6500
46) Pawan borrowed ₹21000 at the rate of 10% p.a, compound interest. If this amount has to be repaid in two equal annual installments, find the value of each installment.
A) 12000 B) 12100. C) 12500 D)n
47) find the present value of the payments of ₹8400 to be received at the end of the first year and ₹8640 to be received at the end of the second year, if the compound interest at 20 % p.a is reckoned.
A) 12000 B) 13000. C) 14000 D) n
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