MATHS-4 SIMPLE INTEREST &COUMPOND INTEREST

1. Ravi borrowed Rs5,000 for 10 years at the rate of 3% per 17. Find the compound interest on Rs4,500 for 9 months at 16%
annum SI from Raj. How much interest will Raj earn at the end of p.a. compounded quarterly.
this period? (a) Rs432.85 (b) Rs561.88 (c) Rs616.44 (d) Rs714.22
(a) Rs1,500 (b) Rs1,000 (c) Rs15,000 (d) Rs1507 18. A sum of money doubles itself at compound interest in
2. In what time will Rs2, 000 amounts to Rs2, 500 at 10% per 10years. In how many years will it become sixteen times?
annum simple interest? (a) 50years (b) 32years (c) 38years (d) 40years
(a) 2.5years (b) 1.5years (c) 2years (d) 5year 19. A sum of money doubles itself at in 7 years. In how many
3. A sum invested at 4% simple interest p.a. grows to Rs648 in years will it become 4times of itself?
5years. In two years the same amount at 10% simple interest p.a. (a) 10years (b) 14years (c) 21years (d) 28years
will grow to 20. An amount of money becomes Rs4,840 in 2 years and
(a) Rs600 (b) Rs650 (c) Rs648 (d) Rs594 Rs5,324 in 3 years on CI. Find the rate percentage per annum.
4. Find the simple interest on Rs 72,000 at 12⅟₂% per annum for (a) 10% (b) 15% (c) 12% (d) 8%
8 months. 21. If a certain sum at simple interest amounts to Rs 1260 in 2
(a) Rs6,000 (b) Rs7,200 (c) Rs6,600 (d) Rs7,800 years and Rs 1350 in 5 years, find the rate and principle?
5. At what rate per annum will a sum of Rs 3600 becomes Rs (a)1200,2.5% (b)1500,5% (c)2000,4% (d)2500,10%
4500 in 10 years at Simple Interest?
22. A sum of money amounts to Rs.9800 after 5 years and
(a) 3% (b) 4% (c) 2.5% (d) 5%
Rs.12005 after 8 years at the same rate of simple interest. The
6. At what rate will a sum of money becomes double in 16 years rate of interest per annum is
at simple interest? (a) 10 % (b) 12% (c) 8 % (d) 5.5 %
(a)5% (b) 4% (c) 2.5% (d) 6.25%
23. The difference between CI (and SI on a sum of Rs4,000 for 2
7. At what rate will a sum of money become 6 times in 20 years years at 5% p.a. payable yearly is
at simple interest? (a) Rs20 (b) Rs10 (c) Rs50 (d) Rs60
(a)35% (b) 20% (c) 25% (d) 6.25%
24. The rate of simple interest at which a sum of money becomes
8. In what time does a sum of money become four times at three times in 25 years at the same rate of simple interest?
simple interest rate of 5% per annum. (a) 8% (b) 5% (c) 4% (d) 6%
(a) 60years (b) 61years (c) 63years (d) 65years
25. Manish took a loan from a bank at the rate of 9% p.a. simple
9. A sum of money at simple interest amount to Rs1,045 in interest. After 5 years Manish had to pay Rs3,600 interest for
5years and to Rs1,111 in 6 years. The sum is the period. The principal amount borrowed by him was
(a) Rs945 (b) Rs715 (c) Rs845 (d) Rs775 (a) Rs6,800 (b) Rs7,700 (c) Rs9,000 (d) Rs8,000
10. A sum of Rs1,200 amount to Rs1,380 in 3 years at simple 26. The difference between the CI and SI on certain sum of
interest. If the interest rate is increased by 3%, then it would money at 5% per annum for 2 years is Rs 1.50. Find the sum.
amount to (a) Rs6,000 (b) Rs1,200 (c) Rs600 (d) Rs300
(a) Rs1,428 (b) Rs1,488 (c) Rs1,428 (d) Rs1,448
27. Find the compound interest on Rs2,000 for 2 years at 4% p.a.,
11. If Rs400 amounts to Rs441 in two years compounded the interest being compounded half-yearly.
annually, find the rate of interest per annum. (a) Rs112 (b) Rs157.55 (c) Rs158 (d) Rs164.86
(a) 4% (b) 10% (c) 5% (d) 8%
28. The difference between the compound interest and simple
12. Find compound interest on Rs12,500 at 6% per annum for interest of some amount of money for 2 years at 9 % per annum
two years, compounded annually. is Rs. 129.60. The sum of money is
(a) Rs1,745 (b) Rs1,240 (c) Rs1,545 (d) Rs1,648 (a) Rs. 1200 (b) Rs. 12500 (c) Rs. 13500 (d) Rs. 16000
13. A fixed deposit of Rs 8,000 grows on a CI at 5% per annum. 29. If Rs.16000 amounts to Rs.18522 in 1 and 1/2 years
The deposit becomes Rs8,820 in? compounded semi-annually, find the rate of interest per annum.
(a) 1years (b) 1.5years (c) 4years (d) 2years (a) 12% (b))8% (c)10% (d)12.33%
14. The compound interest on Rs. 30,000 at 7% per annum is Rs. 30. The difference between the CI and the SI on an amount of Rs.
4347. The period (in years) is: 18,000 in 2 years was Rs. 405. What was the rate of interest?
(a)2year (b)2.5 year (c)3year (d)4year (a) 12% (b) 13% (c) 14% (d) 15%
15.The principal that amounts to Rs.4913 in 3 years at4¹⁄₃ % per 31. The Compound Interest on Rs. 44000 compounded semi-
annum compound interest compounded annually is annually for 3/2 year at the rate of 6% per annum is:
(a) Rs.3096 (b) Rs.4076 (c) Rs.4085 (d) Rs.4096 (a) Rs.2640 (b) Rs.2648 (c) Rs.4079.98 (d) Rs.3010.43
16. A sum of money amount to Rs1,200 after 3 years and to
32. What is the difference between compound interest and
Rs1,800 after 6 years, the interest being compounded annually.
simple interest on Rs. 6000 at 4% P.A. in 3 years?
Find the sum.
(a) 029.814 (b) 19.184 (c) 19.841 (d) 29.184 (e) None
(a) Rs1,800 (b) Rs1,600 (c) Rs400 (d)800
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1. The simple interest on a sum of money is 1/9 of the principal 14. The CI on Rs5,000 for 4 years at 2% for 1st year, 4% for 2nd
and the number of years is equal to the percentage per annum. year, 8% for 3rd year and 12% for 4th year, will be?
Find the rate percentage. (a) Rs1,415 (b) Rs1,055 (c) Rs1,111 (d) Rs1,223
(a) 3% (b) 3⅓ (c) 10% (d) 9% 15. Reena took a loan of Rs1200 with simple interest for as many
2. The simple interest on a certain sum of money at 4% per years as the rate of interest .If she paid Rs 432 as interest at the
annum for 4 years is Rs80 more than the simple interest on the end of the loan period, what was the rate of interest?
same sum of money for 3 years at 5% per annum. Find the sum. (a) 3.6% (b) 6% (c) 18% (d) Data inadequate
(a) Rs4,000 (b) Rs8,000 (c) Rs4,030 (d) None 16. Rs 12000 deposited on compound interest become double in
3. A certain amount of money compounded annually at R% 5 year .If it is deposited on the same compound interest for 20
becomes Rs 1,440 and Rs 1,728 after 2 and 3 years respectively. year, then the amount would become?
Find the value of R%. (a) Rs196000 (b) Rs192000 (c) Rs48000 (d)Rs 96000
(a) 5% (b) 10% (c) 15% (d) 20% 18. Divide Rs1,105 between A and B, so that the amount of A
4. If a sum on compound interest becomes three times in 4 after 5 years is equal to the amount of B after 7 years, the
years, then with the same interest rate, the sum will become 81 interest being compounded at 10% per annum.
times in (a) Rs705,Rs400 (b) Rs605,Rs500 (c) Rs650,Rs455 (d) None
(a) 16years (b) 8years (c) 12years (d) 24years 19. Divide Rs.3,650 into two parts such that the SI on the first
5. A sum of money was put at SI at a certain rate for 2 years. Had part at 6% for 2 years, is equal to the SI on the second part at 4 %
it been put at 1% higher rate, it would have fetched Rs 24 more. in 3 years. Find the two parts.
Find the sum. (a) Rs1,900, Rs1750 (b) Rs1,825, Rs1,825
(a) Rs1000 (b) Rs1,300 (c) Rs1250 (d)Rs 1200 (c) Rs2,000, Rs1,650 (d) Rs1,800, Rs1,850
20.A sum of money lent at compound interest for 2 years at 20%
6. The compound interest on a certain sum of money for 2 years
per annum would fetch Rs.482 more, if the interest was payable
at 10% per annum is Rs. 420. Find the simple interest at the same
half yearly than if it was payable annually . The sum is
rate and for the same time.
(a) 10000 (b) 20000 (c) 40000 (d) 50000
(a) Rs. 400 (b) Rs. 500 (c) Rs. 450 (d) Rs. 550
21. What is the rate of interest per annum.
7. The simple interest on an amount of Rs. 25,000 at the end of
I. An amount doubles itself in 5 years on simple interest.
three years is Rs. 7,500. What would be the compound interest
II. Difference between the compound interest and the simple
on the same amount at the same rate in the same period?
interest earned on a certain amount in 2 years is Rs. 400.
(a) Rs. 7,750 (b) Rs. 8,275 (c) Rs. 8,500 (d) Rs. 8,250
III. Simple interest earned per annum is Rs. 2000
8. The rate of interest for the first 2 years is 6% per annum, for (a) I only (b) II and III only
the next 3 years is 16% per annum, and for the period beyond 5 (c) All I, II and III (d) I only or II and III only
years is 20% per annum. If a man gets Rs 6,080 as a simple 22. A man borrows Rs6,720 to be paid back with CI at the rate of
interest for 6 years, then how much amount did he deposit? 10% per annum by the end of 2 years in two equal yearly
(a) Rs8,000 (b) Rs6,000 (c) Rs7,600 (d) Rs7,200 installments. How much will be each installment?
9. Ram purchased a cell phone for Rs.8000.The value of cell (a) Rs3,608 (b) Rs3,902 (c) Rs3,872 (d) Rs4,048
phone is decreasing @ 8% p.a. Then its value after three years is 23. A sum of money is borrowed and paid back in two annual
(a) 6229.50 (b)6300.50 (c)6400.22 (d)6743.80 installments of Rs1,440 each allowing 20% compound interest.
10. The principal which gives Rs 1 interest per day at the rate of The sum borrowed was
5% per annum at simple interest is? (a) Rs2,150 (b) Rs2,200 (c) Rs2,400 (d) Rs2,500
(a) Rs7300 (b) Rs3650 (c) Rs5000 (d) Rs7000 24. Rs. 5887 is divided between Shyam and Ram, such that
11. The CI and SI on a certain sum for 2 years is Rs40.80 and Rs40 Shyam's share at the end of 9 years is equal to Ram's share at the
respectively. Find the rate of interest per annum and the sum. end of 11 years, compounded annually at the rate of 5%. Find
(a) 3% Rs425 (b) 4% Rs500 (c) 5% Rs600 (d) 2%, Rs620 the share of Shyam.
(a) 3567 (b) 3452 (c) 3087 (d) 3544
12. If the simple interest on a sum of money at 10% per annum
25. The difference between CI and SI on a sum for two years at
for 2 years is Rs1,000, then find the compounded interest on the
10% per annum, where the interest is compounded annually is
same sum for the same period at the same rate.
Rs.16. if the interest were compounded half yearly, the
(a) Rs1, 105 (b) Rs950 (c) Rs1, 280 (d) Rs1, 050
difference in two interests would be
13. If the population of a village depreciates by 10% of its value (a) Rs.24.81 (b) Rs.26.90 (c) Rs.31.61 (d) Rs.32.40
at the beginning of the year and its present population is
26. If a sum of Rs.2000 is compounded annually @ 5% for two
estimated at 10935, what was its value three years back?
year and 10% for next two year, then find the total amount after
(a)12000 (b)14000 (c)15935 (d)15000
4 year.
(a) 2668.05 (b) 668.05 (c) 4668 (d) 2800

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