Quantitative Aptitude Assignment

Topic-Simple Interest and Compound Interest

1.The compound interest on a sum of money for two years is Rs.328 and
the simple interest on the same sum for the same period is Rs.3200. The
difference of the compound interest and the simple interest for three
years will be Rs.______
(a) 394.24 (b) 392.24
(c) 398.56 (d) None of these

2. Raju lent Rs.400 to Ajay for 2 years, and Rs.100 to Manoj for 4 years
and received together from both Rs.60 as interest. Find the rate of
interest, simple interest being calculated.
(a) 5% (b)6%
(c) 8% (d) 9%

3. The difference between the simple interest on a certain amount at the

rate of 20% per annum, for 1.5 years and compound interest which is
compounded every six months is Rs.155. What is the principal sum?
(a) 54000 (b) 55000
(c) 06000 (d) None of these

4. If the difference between the simple interest and compound interest

on some principal amount at 20% per annum for 3 years is Rs.48, then the
principle amount must be Rs._____
(a) 550 (b) 500
(c) 375 (d) 400

5. Shashikant derives an annual income of Rs.688.25 from Rs.10,000

invested partly at 8% p.a. and partly at 5% p.a. simple interest. How much
of his money is invested at 5% ?
(a) Rs.5000 (b) Rs.4225
(c) Rs.4800 (d) Rs.3725
6. In what time will the simple interest on Rs.1750 at 9% per annum be
the same as that on Rs.2500 at 10.5% per annum in 4 years?
(a) 6 years and 8 months
(b) 7 years and 3 months
(c) 6 years
(d) 7 years and 6 months

7. A person borrows Rs.1500 from two money-lenders. 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 Rs.186 .How much does he borrow at the rate of 12%?
(a)Rs.1200 (b)Rs.1400
(c)Rs.1300 (d)Rs.300

8.Raj makes a deposit of Rs.50,000 in a bank for a period of 2 1/2 years.

if the rate of interest is 12% per annum compounded half-yearly, find the
maturity value of the money deposited by him.
(a)66,911.27 (b)66,123.34
(c)67,925.95 (d)65,550.8

9.Rahul borrowed Rs. 900 at 4% p.a. and Rs. 1100 at 5% p.a. for the same
duration. He had to pay Rs. 364 in all as interest. What is the time period
in years?
(a)5 years (b)3 years
(c)2 years (d)4 years

10.The population of a town is 200,000. If the annual birth rate and the
annual death rate are 6% and 3% respectively, then calculate the
population of the town after 3 years.(Assume compound
growth)
(a)212,090 (b)206,090
(c)212,000 (d)212,180

Answers:
1)a
2)a
3)b
4)c
5)d
6)a
7)a
8)a
9)d
10)d