SIMPLE INTEREST TEST

1) A certain amount of money doubles itself in 8 yrs find the rate of simple interest?
(a) 10% (b) 25% (c) 12.5% (d) none of these
2) A certain amount of money triples itself in 12 yrs at a certain rate of simple interest. Find in
how many yrs will it become 10 times
(a) 26.66 yrs (b) 40 yrs (c) 54 yrs (d) none of these
3) A Person deposited total Rs 24000 in two different schemes one at 9.5% p.a. and the
remaining at 13.5% p.a. find the money deposited at 9.5% p.a. if at the end of 1.5 yrs he gets
Rs 4320 as interest.
(a) Rs 9000 (b) Rs 15000 (c) Rs 12000 (d) none of these
4) A certain amount of money deposited at a certain rate of interest amounts to Rs 3264 at the
end of 3 yrs and to Rs 3840 at the end of 5 yrs. Find the money deposited.
(a) Rs 2500 (b) Rs 3000 (c) Rs 2400 (d) none of these
5) At what rate cent per annum a sum of Rs 1,800 will become Rs 2,700 in 10 years.
(a) 5% (b) 6% (c) 10% (d) 6.75%
6) A sum of Rs 1,600 lent at simple interest of 12.5% per annum will become twice in
(a) 8 yrs (b) 25 yrs (c) 12.5 yrs (d) none of these
7) A person deposited Rs 18,000 for 10 years. Find the money he will get back if the rate of SI
for first 5 years is 9% p.a. and every subsequent year 1% more than the previous year.
(a) Rs 36,000 (b) Rs 34,200 (c) Rs 36,900 (d) none of these
8) Rakesh took a loan for 6 years at 5% p.a. simple interest. If the total interest paid was Rs
1230, the principal was
(a) Rs 3600 (b) Rs 4000 (c) Rs 4100 (d) Rs 4500
9) If a sum of Rs 1,600 gives a simple interest of Rs 252 in two years and 3 months, then the
rate % p.a. is
(a) 8.5% (b) 6.5% (c) 7% (d) 6%
10) In what time will Rs 72 become Rs 81 at 6 ¼ % p.a. simple interest?
(a) 1.5 yr (b) 2 yrs (c) 3 yrs (d) 2.5 yrs
11) A sum of money lent out at simple interest amounts to Rs 2,520 in 2 years and Rs 2,700 in
5 years. Find the rate 5 p.a.
(a) 5% (b) 2.5% (c) 4% (d) 3.5%
12) If Re.1 becomes Rs 9 in 60 years at simple interest, the rate % p.a. is
(a) 15% (b) 12.5% (c) 13.33% (d) 16.66%
13) A man lent Rs 600 for 2 years and Rs 200 for 3 years at the same rate at simple interest
and received only Rs 90 as interest. What was the rate % p.a. ?
(a) 9% (b) 4% (c) 5% (d) 6%
14) A person deposited a certain amount of money at 11.6% p.a. simple interest for 4 years.
Had the rate of interest been 3.25% higher he would have received Rs 1001 more as interest.
Find the amount deposited?
(a) Rs 9100 (b) Rs 7700 (c) Rs 12600 (d) Rs 8500

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 Compound Interest Test
1) The compound interest on Rs 2400 for two years is Rs 774 find the rate of compound interest
if it is compounded annually.
a) 12% b) 15% c) 20% d) 10%

2) The difference between the simple interest and the compound interest on a certain sum of
money for 3 years at 20% p.a is Rs 768 find the amount deposited
a) Rs 5000 b) Rs 10,000 c) Rs 6,000 d) Rs 8,000

3)A certain amount of money deposited at a certain rate of compound interest amounts to Rs
3969 at the end of 2 years, and to Rs 4167.45 at the end of 3 years . find the money deposited
a) Rs 3000 b) Rs 3500 c) Rs 3600 d) Rs 3800

4) A sum of money is put at C.I for 2 yrs at 20% p.a.to be compounded annually. But if it is
compounded half yearly it would fetch him Rs 120.5 more as interest find the money deposited
a) Rs 4000 b) Rs 5000 c) Rs 8000 d) Rs 6000

5)A person borrows equal amount of money every year at 10% pa. to be compounded annually.
If he pays Rs 10923 at the end of three years find the money he borrowed every year.
a) Rs 1000 b) Rs 1500 c) Rs 2000 d) Rs 3000

6)Divide Rs 7806 among A and B such that A’s share at the end of 8 yrs is equal to B’s share at
the end of 10 yrs at the rate of 4% p.a. to be compounded annually
a) 12% b) 15% c) 20% d) 10%

7) Tina deposited Rs 25,000 for two years at a certain rate of compound interest to be
compounded annually. and received Rs 27,040 at the end of two years. find the rate of
compound interest.
a) 5% b) 3% c) 4% d) 6%

8) A certain sum of money at certain rate of compound interest grows to Rs 13,120 in 3 yrs
and to Rs 15,088 in 4 yrs find the rate of interest.
a) 12% b) 15% c) 20% d) 10%

9)The simple interest on a certain amount of money for 2 years is Rs 240 at 8% p.a. what will
be the compound interest for the same time duration at same rate
a) Rs 272.4 b) Rs 249.6 c)Rs 268.8 d) Rs 255

10)If the C.I on a certain amount of money for 2 yrs at 4% p.a be Rs 306 what will be the S.I.
a) Rs 305 b) Rs 290 c) Rs 295 d) Rs 300

11) At what rate of compound interest will Rs 4500 fetch an interest of Rs 1168.704 for 3 years
a) 10% b) 5% c) 6% d) 8%

12) A person deposited Rs. 2560 at a certain rate of compound interest to be compounded
annually and at the end of three years he got 3645. Find the rate of compound interest.
a) 15% b) 10% c) 8% d) 12.5%

13) The cost of a machine is Rs. 12,000. It depreciates by 10 % every year. Find the value of
the machinery at the end of three years.

Pankaj Gandhi’s Academy

rd
3 Floor, Above Hotel Woodland, Near Sharda Center, Nal Stop , Pune Contact No. : 8600 972 993, 98504 24051