1. Find the simple interest on Rs. 4800 at the rate 7. A sum of money doubles itself in 4 years when
the interests is compounded annually. The
of 8 % per annum for a period of 2 years 3 number of years when it will become eight times
is
months.
(a) Rs. 796 (b) Rs. 816 (a) 32 (b) 16
(c) Rs. 918 (d) Rs. 990 (c) 12 (d) 8
2. Simple Interest on Rs. 500 for 4 years at 6.25% 8. The simple interest on rupees 800 for 7 years at
per annum is equal to the Simple Interest on 5% per annum is
Rs.400 at 5% per annum for a certain period of (a) `100 (b) `125
time. The period of time is
(c) `150 (d) `200
(a) 4 years (b) 5 years
9. The compound interest on rupees 12000 for 1 year
(c) years (d) years
at 10% per annum compounded half yearly is
(a) `1200 (b) `1230
3. A sum becomes Rs. 2916 in 2 years at 8% per (c) `2520 (d) `2680
annum compound interest. The sum is
(a) Rs. 2750 (b) Rs. 2500 10. The simple interest on rupees 800 for 3 years at
(c) Rs. 2625 (d) Rs. 2560 5% per annum in rupees is
(a) 24 (b) 40
4. If `200 becomes `240 in 4 years, then the rate
(c) 120 (d) 140
of simple interest per annum is
(a) % (b) % 11. Compound interest on rupees 8000 for 1 year at
10% per annum compounded half yearly is
(a) 800 (b) 1680
(c) % (d) 5%
(c) 840 (d) 820
5. A sum of money doubles itself in 5 years when 12. In how many years rupees 500 will amount to
the interest is compounded annually. The rupees 800 at simple interest of 10% per year?
number of years when it will become eight (a) 6 (b) 8
times is (c) 10 (d) 16
(a) 10 (b) 12
(c) 15 (d) 20
13. Compound interest `16000 for 1 year at 10% per
annum compounded half yearly is
6. The simple interest on rupees 200 for 3 years
at 6% per annum in rupees is (a) 1600
(a) 36 (b) 18 (b) 1640
(c) 24 (d) 48 (c) 1680
(d) 3360
14. In how many years `500 will amount to `700 at 1
simple interest of 5% per annum? 23. Simple interest on a certain sum is of the
16
(a) 4 (b) 5 principal. If the numbers representing the rate
(c) 6 (d) 8 of interest in percent per annum and time in
years be equal, then the rate of interest is
15. In how many years `2000 will amount to `2100 (a) 2.5 (b) 3
at 10% per annum compounded half yearly? (c) 3.5 (d) 4
(a) 2 (b) 1.5
(c) 1 (d) 0.5 24. A loan of Rs.25500 is to be paid back in two equal
annual instalments. If the rate of interest
charged is 4% per annum, compounded
16. If `500 amounts to Rs. 700 in 8 years, the rate
annually. Then each instalment will be of Rs.
of simple interest is
(a) 12750 (b) 13250
(a) 5% (b) 6%
(c) 8% (d) 10% (c) 13320 (d) 13520
17. The compound interest on `10,000 for 1 year at 25. A sum of Rs.20000 is lent partly at 8% and
the rate of 8% per annum compounded half remaining at 10% per annum. If the average
yearly is yearly rate of interest is 9.4%, then the sum
lent at 10% is
(a) `800 (b) `816
(a) Rs. 6000 (b) Rs. 8000
(c) `856 (d) `958
(c) Rs. 12000 (d) Rs. 14000
18. The simple interest on `300 for 3.5 years, at 6%
per annum is 26. A sum of Rs. 61800 is to be paid back in two
(a) `45 (b) `50 equal annual instalments. How much is each
instalment, if the rate charged is 6% per annum,
(c) `53 (d) `63
compounded annually?
(a) Rs. 30900 (b) Rs. 31800
19. Compound interest on `1000 for 3 year,
compound annually at 10% per annum is (c) Rs. 32908 (d) Rs. 33708
(a) `331 (b) `300
(c) `1300 (d) `1331 27. Two equal sums are lent at the same time at
6% and 5% simple interest respectively. The first
is received 2 years earlier than the second, and
20. The simple interest on `720 for years at 6% per
the amount in each case is Rs. 4800. Each sum
annum is
is of Rs.
(a) `216 (b) `232
(a) 2000 (b) 2500
(c) `250 (d) `300
(c) 3000 (d) 4000
3 28. What will be the simple interest of Rs. 700 at
21. The Compound interest on `8000 for years
2 9% per annum for the period from February 5,
at 20% per annum compounded half yearly is 1994 to April 18, 1994
(a) `10648 (b) `3648 (a) Rs. 12.60 (b) Rs. 11.30
(c) `2648 (d) `2400
(c) Rs. 15 (d) Rs. 13
22. A loan has to be returned in two equal annual
installments. If the rate of interest is 16% per 29. What will be difference between simple interest
annum compounded annually and each and compound interest @ 10% per annum on a
installment is of Rs 3364, then the loan is of Rs sum of Rs. 1000 after 4 years
(a) Rs 5328 (b) Rs 5400 (a) Rs. 31 (b) Rs. 32.10
(c) Rs 5700 (d) Rs 6728 (c) Rs 40.40 (d) Rs. 64.10
30. A man invested 1/3 of his capital at 7 %. 1/4 at 31. A lends Rs. 2500 to B and a certain sum to C at
8% and the remainder at 10%. If the annual the same time at 7% per annum simple interest.
income is Rs. 561. the capital is If after 4 years . A altogether receives Rs. 1120
(a) 4400 (b) 5500 as interest from B and C, then the sum lent to
C is
(c) 6600 (d) 5800
(a) Rs. 700 (b) Rs. 1500
(c) Rs. 4000 (d) Rs. 6500
1. (c) 4. (d) 5. (c) 6. (a) 7. (c) 8. (a) 9. (b) 10. (c)
11. (*) 12. (a) 13. (b) 14. (d) 15. (d) 16. (a) 17. (b) 18. (d) 19. (a) 20. (a)
21. (c) 22. (b) 23. (a) 24. (d) 25. (d) 26. (d) 27. (c) 28. (a) 29. (d) 30. (c)
31. (b)
4800 8.S 2.2S PRT
1. SI = Rs. 918 8. Simple interest =
100 100
5 5
800 100
100 2
1 PRT
9. Compound interest for year =
2 100
10 1
12000
100 2
= 600
4. Given that Rs. 200 becomes Rs. 240 in
4 years, thus it would have become Rs. 210 at 1 10 1
CI for next year 600 600
the end of first year. 2 100 2
= 630
10
Hence, rate of simple interest = × 100 = Total CL = 600 + 630
200
5%. = Rs. 1230
5. The money gets doubled in 5 years which PRT
means it becomes twice of itself after every 5 10. SI
100
years. Hence, it will be increased to 4 times
5
in 10 years and 8 times in 15 years. SI 800 3 120
100
200 30 6
6. S.I Rs.36 r
T 2
100
7. If the money gets doubled in 4 years then it 11. CI P 1 2 P
will become 5 times in 8 years and 8 times in 100
12 years.
1 2 PRT
10
18. SI =
2 100
CI 8000 1 8000
100 300 6 3.5
=
100
= 820
= Rs. 63
This is given in option 4.
12. Simple interest = Amount – Principle 300 6 3.5
19. 3I Rs.63
= 800 – 500 = 300 100
PRT 10 P R T
SI 300 500 T SI
100 100 100
T = 6 years 3
10
CI 1000 1 1000
1 100
13. CI for first year
2 = 1331 – 1000
PRT 1 1 = Rs. 331
16000 = 800
100 10 2 PRT 6
20. SI 720 5 = 216
1 100 100
CI for 2nd year
2 T 2
r
1 1
800 800 840 CI P 1 2 P
10 2 21.
100
Total I = 800 + 840 = 1640
14. P = Rs. 500 3
2
A = Rs. 700 20 2
= 8000 1 2 8000
500 5 T 100
Interest = 200
100
T = 8 years = Rs. 2648
T
r x x
15. A=P 1 22. Loan =
100 2 r
r 1
1+ 100
T 100
10
2 Installment, x = 3364
2100 2000 1
100 r 16 29
1 1
100 100 25
T
5 3364 3364
1.05 1 Loan 2
100 29 29
No. of years = 0.5 25 25
16. P = Rs. 500 = Rs. 5400
A = Rs. 700 23. % Rate value = time = R
T = 8 years PRT
SI
500 r 8 100
Interest = 700 – 500 = 200
100 1 R
P P R
r = 5%p.a 16 100
2 R = 2.5
8
4 24. Total amount to be paid = 25500 × (1.04)2
17. CI = 10,000 1 10,000
100 25500 × (1.04)2 = x(1.04) + x = 2.04x
25500 (1.04)2
= Rs. 816. x = 13520.
2.04
8x 10(20000 x) 20000 9.4 30. Let capital = x
25.
100 100 100 7 1 8 1 10 5
x x x 561
= 2x = 20000(10 – 9.4) 100 3 100 4 100 100
x= 20000 × 0.3 = 6000 7 25
2 x 561 100
20000 – x = 14000. 3 6
26. 61800 × (1.06)2 = 1.06x + x 56100 6
2
x
61800 (1.06) 51
x 33708.
206 x = 6600
P 6PT 5P(T 2) 31. A lent Rs. 2500 to B @ 7% p.a for 4 years
27. 4800 P
100 100 PRT
Interest
6T = 5(T + 2) or T = 10 100
60P 2500 7 4
P 4800 or 1.6P = 4800 700
100 100
4800 Total interest received = 1120,
P 3000.
1.6 Interest paid by C
700 9 73 PRT
28. SI = 12.6. Interest by C =
100 365 100
1000 4 10 P 7 4
29. CI – SI = 1000 × (1.1)4 – 1000 – 420
100 100
= 1464.1 – 1000 – 400 = 64.1. P = Rs. 1500
