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Simple interest and compound interest questions for SSC CGL, Bank PO and all competitive exams

CLASS ASSIGNMENT
SIMPLE INTEREST
1.     Find simple interest for following values:
a) P=Rs.2000      R=2%       T=5 years
b) P=Rs3200       R=3%       T=5 years
c) P=Rs2550       R=5%       T=4 years
d) P=Rs1500       R=6%       T=8 years
e) P=Rs1750       R=7%       T=6 years

2.      Find the amount for following values:
a) P=Rs1650 R=8%       T=5 years
b) P=Rs5200 R=9%       T=2 years
c) P=Rs9150 R=10%     T=3 years
d) P=Rs3750 R=11%     T=2 years
e) P=Rs1500  R=12%     T=5 years

3.     Find what principal will produce Rs.60 as simple interest at 6% p.a. in 5 years?
a) Rs.175              b) Rs.350
c) Rs.200              d) None of these
4.    The sum of money that will produce Rs.1770 interest in  years at 8% simple interest per annum is:-
a) Rs.2950            b) Rs.3120
c) Rs.2800            d) None of these
5.     If a certain sum of money borrowed at 5% per annum simple interest amounts to Rs.1020 in 4 years, then the sum of money borrowed is:-
a) Rs.816              b) Rs.925
c) Rs.750              d) Rs.850
6.     What principal will amount to Rs.15000 at 10% per annum in 5 years?
a) Rs.10000          b) Rs.8700
c) Rs.10500          d) Rs.7500
7.     Rakesh borrowed Rs.5000 from Ganesh at simple interest. If Ganesh got Rs.500 more than his capital after 5 years, then the rate of interest per annum is
a) 4%                    b) 3%
c) 2%                    d) 10%
8.     The rate per cent per annum at which Rs.1200 amount to Rs.1440 in 4 years is:-
a) 5%                    b) 4%
c) 6%                    d) 20%
9.     If the simple interest on a certain sum of money for 2 years is one-fifth of the sum, then the rate of interest per annum is:-
a) 9%                    b) 10%
c) 8%                    d) None of these
10. If the simple interest on a certain sum of money is  of the sum and the rate per cent equals the numbers of years, then the rate of interest per annum is:-
a) 2%                    b) 3%
c) 4%                    d) None of these
11. A sum of money at simple interest becomes four times in 30 years. The rate percent of interest per annum is:-
a)  %              b) 13.33 %
c) 10 %                 d) None of these
12. In how many years will a sum treble itself at 10% per annum simple interest?
a) 15 years            b) 20 years
c) 19 years            d) 30 years
13. A sum of money doubles itself in 8 years. In how many years will it treble?
a) 16 years            b) 15 years
c) 14 years            d) 12 years
14. Sumit lent some money to Mohit at 5% per annum simple interest. Mohit lent the entire amount to Birju on the same day at 8.5% per annum. In this transaction after a year Mohit earned a profit of Rs.350. Find the sum of money lent by Sumit to Mohit.
          a) Rs.9000            b) Rs.10000                
c) Rs.10200          d) None of these
15. A sum was put at simple interest at a certain rate for 4 years. Had it been put at 2% higher rate, it would have fetched Rs.56 more. Find the sum.
a) Rs.680              b) Rs.600
c) Rs.720              d) Rs.700
16. If the difference between the simple interest on a certain sum for 4 years at 2.5 % per annum and the simple interest on the same sum for 5 years at 3% per annum is Rs.60, then the sum is:-
a) Rs.60000          b) Rs.6000
          c) Rs.1200            d) Rs.1500 
17. If a certain sum of money amounts to Rs.1760 in two years and Rs.2000 in 5 years at simple interest, then the sum is:-
a) Rs.1960            b) Rs.1590
c) Rs.1600            d) Rs.1680
18. If a certain sum of money at simple interest amounts to Rs.2800 in 2 years and to Rs.3550 in further 5 years, then the rate of interest per annum is:-
          a) 4%                    b) 6%   
c) 5%                    d) None of these
19. The simple interest on a sum will be Rs.600 after 10 years. If the principal is trebled after 5 years, what will be the total interest at the end of the tenth year?
a) Rs.1200            b) Rs.1190
c) Rs.1210            d) None of these
20. If Rs.7700 are divided among three brothers Anuj, Vijay and Dhiraj in such a way that simple interest on each part at 5% per annum after 1, 2 and 3 years, respectively remains equal. The share of Anuj is more than that of Dhiraj by:-
a) Rs.1800            b) Rs.2500
c) Rs.3000            d) Rs.2800
21. Ajay took Rs.5375 from his friend Vijay and promised to pay him in 4 equal annual installments at a rate of 5% p.a. How much money will Ajay pay annually?
a) 1612.50              b) 1835
c) 1935                   d) 1500
22. A moneylender gave Rs.2800 to one of his clients, to be paid back in five equal annual installments. What amount will the moneylender receive annually from his client if the rate of interest is 10% p.a.?
a) 700                    b) 750
c) 800                    d) none
23. The annual payment that will discharge a debt of Rs.47250 in 3 years at the rate of 5% per annum simple interest is:
a) 8000                  b) 10000
c) 15000                 d) none

COMPOUND INTEREST
24. Find the amount of the sums given below:
    a) P=Rs.1000,   R=20%,    T=3 years
    b) P=Rs.1250,   R=20%,    T=3 years
    c) P=Rs.5120,   R=25%,    T=4 years
    d) P=Rs.1296,   R=16.66%T=3 years
    e) P=Rs.5000,   R=2%       T=3 years

25. Find compound interest for following values:        
   a) P=Rs1800,      R=3%     T=2 years
   b) P=Rs6860,      R=14.28% T=3 years
   c) P=Rs5120,      R=12.5% T=2 years
   d) P=Rs4050,      R=22.22% T=2 years
   e) P=Rs1890,      R=33.33% T=3 years

26. The compound interest on Rs.10000 at 20% per annum at the end of 1 year 6 months if the interest is calculated half-yearly will be:-
a) Rs.5320             b) Rs.3310      
c) Rs.4340             d) None of these
27. The compound interest on Rs.12000 for 9 months at 20% per annum, interest being compounded quarterly, is:-
a) Rs.1891.50       b) Rs.1901.50
c) Rs.1791.50       d) None of these
28. The compound interest on Rs.8000 in 2.5 years at 10% p.a. compounded annually is:-
a) Rs.10164           b) Rs.2164  
c) Rs.2264             d) None of these

29. A sum put out at 4% per annum compound interest payable half-yearly amounts to Rs.6632.55 in 1½ years. The sum is:-
a) Rs.6530            b) Rs.6470
c) Rs.6250            d) None of these
30. On what sum will the compound interest for 2½ years at 10% per annum calculated yearly amount to Rs.6352.50?
a) Rs.4000            b) Rs.4500           
c) Rs.5000            d) None of these
31. What will be the compound interest on a sum of Rs.1875 after 2 years if the rate of interest for the first years is 4% and that for the second year is 8%?
a) Rs.231              b) Rs.341
c) Rs.241              d) None of these
32. If a sum of money at compound interest amounts to thrice itself in 2 years, then in how many years will it be 9 times itself?
a) 6 years              b) 4 years
c) 9 years              d) None of these
33. A sum of money becomes 8 times in 15 years, when compounded annually. How many times will it become in 20 years?
a) 8                        b) 16
c) 24                       d) 4
34. At what rate per cent compound interest does a sum of money become 16 times in 4 years?
a) 75%                  b) 2%
c) 50%                  d) 100%
35. The difference between simple interest and compound interest on Rs.1250 for 2 years at 4% p.a. is:-
a) Rs.3                  b) Rs.4
c) Rs.1                  d) Rs.2
36. The difference between the compound interest and simple interest on a certain sum at 5% for 2 years is Rs.1.50. The sum is:-
a) Rs.700              b) Rs.600
c) Rs.500              d) None of these
37. On a certain sum of money, the simple interest for 2 years is Rs.200 at the rate of 7% per annum. Find the difference in CI and SI.
a) Rs.7                  b) Rs.9
c) Rs.11                d) Rs.14
38. The simple interest on a certain sum at 4% per annum for 2 years is Rs.80. The compound interest on the same sum for the same period is:-
a) Rs.91.60           b) Rs.81.60
c) Rs.71.60           d) None of these
39. If the compound interest on a certain sum for 2 years is Rs.60.60 and the simple interest is Rs.60, then the rate of interest per annum is:-
a)  2%                   b) 3%
c)  4%                   d) None of these
40. If the compound interest on a certain sum for 2 years is Rs.105 and simple interest is Rs.100, then the sum is:-
a) Rs.300              b) Rs.500
c) Rs.400              d) None of these
41. The difference between the compound interest and simple interest on Rs.8000 for 3 years at 5% per annum is:-
a) Rs.61                b) Rs.63
c) Rs.65                d) None of these
42. The difference between the compound interest and simple interest on a certain sum at 3% per annum for 3 years is Rs.27.27. The sum is:-
a) Rs.12000          b) Rs.10000
c) Rs.15000          d) None of these
43. A certain sum of money at compound interest grows up to Rs.12960 in 2 years and up to Rs.13176 in 3 years. Find the rate per cent per annum.
a) 1 %                  b) 2 %
c) 1 %                  d) None of these
44. What sum of money at compound interest will amount to Rs.650 at the end of the first year and Rs.676 at the end of the second year?
a) Rs.825              b) Rs.925
c) Rs.625              d) None of these
45. A sum of Rs.1260 is borrowed from a money lender at 10% p.a. compounded annually. If the amount is to be paid back in two equal annual installments, find the annual installment.
a) Rs.726              b) Rs.626
c) Rs.526              d) None of these
46. A builder borrows Rs.2550 to be paid back with compound interest at the rate of 4% p.a by the end of 2 years in two equal yearly installments. How much will each installment be?
a)Rs.1275              b)Rs.1377
c)Rs.1283              d)Rs.1352 
47. Kamal borrowed Rs.6800 as a loan which is to be paid with an interest rate of 12.5% compounded annually in two equal installments. Find the value of each installment.
a) Rs.8100             b) Rs.4050 
c) Rs.4150             d) Rs.4000
48. A man buys a scooter on making a cash down payment of Rs.16224 and promise to pay two more yearly installments of equivalent amount in next two years. If the interest rate is 4% per annum and it’s compounded yearly. The cash value of scooter is
a) 40,000                b) 46,000
c) 46,824               d) 50,000
HOME ASSIGNMENT
SIMPLE INTEREST
49. What sum of money must be given at simple interest at 4% per annum in order to earn Rs.150 interest?
a) Rs.5000            b) Rs.7500
c) Rs.3750            d) Rs.15000
50. The simple interest on Rs.7300 from 11 May,1987 to 10 September,1987 (both days included) at 5% per annum is
a) 123                   b) 103
c) 200                   d) 223
51. Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9% p.a. for the next 5 years and 13% p.a. for the period beyond 8 years. If the total interest paid by him at the end of eleven years is Rs.8160, the money borrowed by him was
a) Rs.12000          b) Rs.6000
c) Rs.8000            d) Rs.10000
52. In how many years will a sum of Rs.3000 yield a simple interest of Rs.1080 at 12% per annum?
a) 3                       b) 2
c) 2                       d) 3
53. A man took a loan from a bank at the rate of 12% per annum at simple interest. After 3 years he had to pay Rs.5400 as interest only for the period. The principle amount borrowed by him was:
a) 2000                 b) 10000
c) 20000               d) 15000
54. The sum of money, that will give Rs.1 as interest per day at the rate of 5% per annum simple interest is
a) 3650                 b) 36500
c) 730                   d) 7300
55. The simple interest on Rs.4000 in 3 years at the rate of % per annum equals the simple interest on Rs.5000 at the rate of 12% per annum in 2 years. The value of  is
a) 10%                  b) 6%
c) 8%                    d) 9%
56. In a certain time, the ratio of a certain principle and the simple interest obtained from it are in the ratio 10:3 at 10% per annum. The number of years the money was invested is
a) 1                       b) 3
c) 5                       d) 7
57. The ratio of the principle and the amount after one year is 10:12. Then the rate of interest per annum is:
a) 12%                  b) 16%
c) 18%                  d) 20%
58. With a given rate of simple interest, the ratio of principle and amount for a certain period of time is 4:5. After 3 years, with the same rate of interest, the ratio of principle and amount becomes 5:7. The rate of interest is
a) 4%                    b) 6%
c) 5%                    d) 7%
59. Two equal sums were lent out at 7% and 5% S.I. respectively. The interest earned on the two loans adds up to Rs.960 for 4 years. The total sum lent out is
a) 3500                 b) 2500
c) 2000                 d) 4000
60. A sum of Rs.1600 gives a simple interest of Rs.252 in 2 years and 3 months. The rate of interest per annum is:
a) 5 %                  b) 8%
c) 7%                    d) 6%
61. A lends Rs.2500 to B and a certain sum to C at the same time at 7% annual simple interest. If after 4 years, A altogether receives Rs.1120 as interest from B and C, the sum lent to C is
a) 700                     b) 6500
c) 4000                   d) 1500
62. A lent Rs.5000 to B for 2 years and Rs.3000 to C for 4 years on simple interest at the same rate of interest and received Rs.2200 in all from both as interest. The rate of interest per annum is
a) 7%                      b) 5%
c) 7 %                    d) 10%
63. Rs.500 was invested at 12% per annum simple interest and a certain sum of money invested at 10% per annum simple interest. If the sum of interest on both the sums after 4 years is Rs.480, the latter sum of money is:
a) 450                   b) 750
c) 600                   d) 550
64. In certain years a sum of money has doubled itself at  % simple interest per annum, then the required time will be
a) 16 years            b)  years
c)  years         d) 8 years
65. At what rate of simple interest per annum, the interest on a certain sum of money for 10 years will be  part of the amount, then the rate of simple interest is:
a) 5%                    b) %
c) 7%                    d) %
66. Simple interest on a certain sum for 6 years is  of the sum. The rate of interest is
a) 6%                    b) 6 %
c) 8%                    d) 8 %
67. A sum of money becomes  of itself in  of a year at a certain rate of simple interest. The rate of interest per annum is
a) 10%                  b) 1%
c) 2.5%                 d) 5%
68. The simple interest on a sum of money is of the sum. If the number of years is numerically equal to the rate percent per annum, then the rate per cent per annum is
a) 3                      b) 6
c) 2                      d) 7  
69. The simple interest on a sum of money is  of the principal and the number of years is equal to rate per cent per annum. The per annum is
a) 3%                    b) %
c) 3 %                  d) %
70. In how many years will a sum of money double itself at 12% per annum?
a) 8 years 6 months                 
b) 6 years 9 months
c) 8 years 4 months                 
d) 7 years 6 months
71. At what rate of simple interest per annum a will a sum become  of itself in 4 years?
a) 18%                  b) 18 %
c) 18 %                d) 18 %
72. At a certain rate of simple interest, a certain sum of money becomes double of itself in 10 years. It will become treble of itself in
a) 15 years            b) 18 years
c) 20 years            d) 30 years
73. A sum of money, at simple interest, trebles of itself in 15 years. It will 5 times of itself in
a) 40 years            b) 36 years
c) 30 years            d) 25 years
74. A certain scheme of investment in simple interest declares that it trebles the investment in 8 years. If  you want to quadruple your money through that scheme, you have to invest it for
a) 11 years 6 months      
b) 10 years 8 months
c) 10 years           
d) 12 year
75. A person borrows Rs.5000 for 2 years at 4% per annum simple interest. He immediately lends it to another person at 6 % per annum simple interest for 2 years. His gain in the transaction is
  a) Rs.112.50          b) Rs.450                   
c) Rs.225              d) Rs.150
76. A moneylender finds that due to a fall in the annual rate of interest from 8% to 7 %, his yearly income diminishes by Rs.61.50. His capital is
a) 22400               b) 23800
c) 24600               d) 26000
77. A sum was lent at simple interest at a certain rate for 2 years. Had it been lent at 3% higher rate, it would have fetched Rs.300 more. The original sum of money was
a) 5000                 b) 6000
c) 7000                 d) 4000
78. A sum of Rs.400 amounts to Rs.480 in 4 years. What will it amount to if the rate of interest is increased by 2%?
a) Rs.484              b) Rs.560
c) Rs.512              d) None of these
79. Rs.800 becomes Rs.956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will Rs.800 become in 3 years?
a) 1020.80            b) 1025
c) 1052                 d) 1050
80. If the simple interest on a certain sum of money for 15 months at 7 % per annum exceeds the simple interest on the same sum for 8 months at 12 % per annum by Rs.32.50, then the sum of money is
a) 312                   b) 312.50
  c) 3120                 d) 3120.50
81. What sum of money will amount to Rs.520 in 5 years and to Rs.568 in 7 years at simple interest?
a) Rs.400              b) Rs.120
c) Rs.510              d) Rs.220
82. A sum of money lent out at simple interest amounts to Rs.720 after 2 years and Rs.1020 after a further period of 5 years. Find the principle.
a) 1740                 b) 120
c) 6000                 d) 600
83. A sum of money at simple interest amounts to Rs.1012 in 2  years and to Rs.1067.20 in 4 years. The rate of interest per annum is:
  a) 2.5%                 b) 3%   
c) 4%                    d) 5%
84. Rs.1000 is invested at 5% per annum simple interest. If the interest is added to the principle after every 10 years, the amount will become Rs.2000 after
a) 15 years            b) 18 years
c) 20 years            d) 16  years
85. Rs.6000 becomes Rs.7200 in 4 years at a certain rate of simple interest. If the rate becomes 1.5 times of itself, the amount of the same principle in 5 years be
a) 8000                 b) 8250
c) 9250                 d) 9000
86. A person invests money in three different schemes for 6 years, 10 years and 12 years at 10%, 12% and 15% simple interest respectively. At the completion of each scheme, he gets the same interest. The ratio of investments is
a) 6:3:2                 b) 2:3:4
c) 3:4:6                 d) 3:4:2
87. If Rs.12000 is divided into two parts such that the simple interest on the first part for 3 years at 12% per annum is equal to the simple interest on the second part for 4  years at 16% per annum, the greater part is
a) Rs.8000            b) Rs.6000
c) Rs.7000            d) Rs.7500
88. If Rs.7700 are divided among three brothers Anuj, Vijay and Dhiraj in such a way that simple interest on each part at 5% per annum after 1, 2 and 3 years, respectively remains equal. The share of Anuj is more than that of Dhiraj by:-
a) Rs.1800            b) Rs.2500
c) Rs.3000            d) Rs.2800
89. A sum of Rs.1750 is divided into two parts such that the interest on the first part at 8% simple interest per annum and that on other part at 6% simple interest per annum are equal. The interest on each part is
a) 60                     b) 65
c) 70                     d) 40
90. If  are three sums of money such that  is the simple interest on  is the simple interest on  for the same time and same rate of interest, then we have
a)             b)
c)             d)
91. Arman gave Rs.2300 to one of his neighbour, and told him to pay back in four equal annual installments at 10% per annum simple interest. What will be the annual installment?
a) 700                    b) 750
c) 800                     d) none
92. What annual installment will discharge a debt of Rs.6450 due in 4 years at 5% per annum simple interest?
a) 1500                 b) 1835
c) 1935                 d) 1950
93. What equal installment of equal payment will discharge a debt which is due as Rs.848 at the end of 4 years at 4% per annum simple interest?
a) 212                     b) 200
c) 250                    d) 225
COMPOUND INTEREST
94. The compound interest on Rs.8000 at 15% per annum for 2 years 4 months, compounded annually is:
a) Rs.2980             b) Rs.3091      
c) Rs.3109             d) Rs.3100
95. A person deposited a sum of Rs.6000 in a bank at 5% per annum simple interest. Another person deposited Rs.5000 at 8% per annum compound interest. After two years, the difference of their interests will be
a) 230                   b) 232
c) 832                   d) 600
96. If the rate of interest be 4% per annum for first year, 5% per annum for second year and 6% per annum for third year, then the compound interest of Rs.10000 for 3 years will be
a) Rs.1600             b) Rs.1625.80
c) Rs.1575.20       d) Rs.2000
97. There is a 100% increase to an amount in 8 years, at simple interest. Find the compound interest of Rs.8000 after 2 years at the same rate of interest.
a) 2500                 b) 2000
c) 2250                 d) 2125
98. The compound interest on Rs.10000 in 2 years at 4% per annum the interest being compounded half-yearly, is:
a) Rs.636.80          b) Rs.824.32 
c) Rs.912.86          d) Rs.828.82
99. Sita deposited Rs.5000 at 10% simple interest for 2 years. How much more money will Sita have in her account at the end of two years, if it is compounded semi-annually.
a) 50                     b) 40
c) 77.50                d) 85.50
100.                    A money lender borrows money at 4% per annum and pays the interest at the end of the year. He lends it at 6% per annum compound interest compounded half yearly and receives the interest at the end of the year. In this way, he gains Rs.104.50 a year. The amount of money he borrows, is
a) 6000                 b) 5500
c) 5000                 d) 4500
101.                    The compound interest on Rs.16000 for 9 months at 20% per annum, interest being compounded quarterly, is
a) Rs.2520            b) Rs.2524 
c) Rs.2522            d) Rs.2518
102.                    What sum of money will become Rs.1352 in 2 years at 4 per cent per annum compound interest?
a) 1200                 b) 1225
c) 1250                 d) 1300
103.                    At what per cent per annum will Rs.3000 amounts to Rs.3993 in 3 years if the interest is compounded annually?
a) 9%                    b) 10%           
c) 11%                  d) 13%
104.                    At what rate per annum will Rs.32000 yield a compound interest of Rs.5044 in 9 months interest being compounded quarterly?
a) 20%                  b) 32%
c) 50%                  d) 80%
105.                    The compound interest on Rs.30000 at 7% per annum for a certain time is Rs.4347. The time is
a) 3 years              b) 4 years
c) 2 years              d) 2.5 years
106.                    The time in which Rs.80000 amounts to Rs.92610 at 10% p.a. at compound interest, interest being compounded semi-annually is:
a) 1  years            b) 2 years
c) 2  years            d) 3 years
107.                    In how many years will a sum of Rs.800 at 10% per annum compound interest, compounded semi-annually becomes Rs.926.10?
a) 1                      b) 1
c) 2                      d) 2
108.                    Compound interest (compounded annually) on a certain sum of money for 2 years at 4% per annum is Rs.102. The simple interest on the same sum for the same rate and for the same period will be:
a) Rs.99                b) Rs.101
c) Rs.100              d) Rs.98
109.                    The compound interest on a certain sum for 2 years at 3% per annum is Rs.101.50, then the simple interest on the same sum at the same rate and for the same time will be?
a) 90                     b) 95.50
c) 100                   d) 98.25
110.                    A sum of money doubles itself in 4 years at compound interest. It will amount to 8  times itself at the same rate of interest in:
a) 18 years            b) 12 years
c) 16 years            d) 24 years
111.                    A sum of money placed at compound interest doubles itself in 4 years. In how many years will it amount to four times itself?
a) 12 years            b) 13 years
c) 8 years              d) 16 years
112.                    A sum of money becomes 8 times in 3 years, if the rate is compounded annually. In how much time will the same amount at the same compound rate becomes 16 times?
a) 6 years              b) 4 years
c) 8 years              d) 5 years
113.                    If the amount is 2.25 times of the sum after 2 years at compound interest (compounded annually), the rate of interest per annum is:
a) 25%                  b) 30%
c) 45%                  d) 50%
114.                    A sum of money compounded annually becomes 1.44 times of itself in 2 years, then the rate of interest per annum is
a) 25%                  b) 22%
c) 21%                  d) 20%
115.             If the amount is 3  times the sum after 3 years at compound interest compounded annually, then the rate of interest per annum is
a) 25%                  b) 50%
c) 16 %                d) 33 %
116.                    A sum of Rs.12000, deposited at compound interest becomes double after 5 years. How much will it be after 20 years?
a) Rs.144000
b) Rs.120000
c) Rs.150000
d) Rs.192000
117.                    An amount of money appreciates to Rs.7000 after 4 years and to Rs.10000 after 8 years at a certain compound interest compounded annually. The initial amount of money was
a) 4700                 b) 4900
c) 4100                 d) 4300
118.                    A sum becomes Rs.4500 after two years and Rs.6750 after four years at compound interest. The sum is
a) 4000                 b) 2500
c) 3000                 d) 3050
119.                    A sum of money invested at compound interest amounts in 3 years to Rs.2400 and in 4 years to Rs.2520. The interest rate per annum is:
a) 5%                    b) 6%
c) 10%                  d) 12%
120.                    The compound interest on a certain sum for two successive years are Rs.225 and Rs.238.50. The rate of interest per annum is:
a) 7                      b) 5
c) 10                     d) 6
121.                    At what rate per cent per annum compound interest, will Rs.2304 amounts to Rs.2500 in 2 years?
a) 5 %                  b) 5%
c) 4 %                  d) 4 %
122.                    The difference between simple and compound interest compounded annually, on a certain sum of money for 2 years at 4% per annum is Re 1. The sum is:
a) 650                   b) 630
c) 625                   d) 640
123.                    The difference between the simple and compound interest on a certain sum of money at 5% rate of interest per annum for 2 years is Rs.15. Then the sum is:
a) 6500                 b) 5500
c) 6000                 d) 7000
124.                    The difference between the compound interest (compounded annually) and the simple interest on a sum of Rs.1000 at a certain rate of interest for 2 years is Rs.10. The rate of interest per annum is:
a) 5%                    b) 6%
c) 10%                  d) 12%
125.                    On a certain sum of money the compound interest for 2 years is Rs.282.15 and the simple interest for the same period of time is Rs.270. The rate of interest per annum is
a) 6.07%               b) 10%
c) 9%                    d) 12.15%
126.                    The compound interest on a certain sum of money at a certain rate for 2 years is Rs.40.80 and the simple interest on the same sum is Rs.40 at the same rate and for the same time. The rate of interest is
a) 2%                    b) 3%
c) 4%                    d) 5%
127.                    At a certain rate per annum, the simple interest on a sum of money for one year is Rs.260 and the compound interest on the same sum for two years is Rs.540.80. The rate of interest per annum is
a) 4%                    b) 6%
c) 8%                    d) 10%
128.                    If the difference between the compound interest, compounded every six months, and the simple interest on a certain sum of money at the rate of 12% per annum for one year is Rs.36, the sum is:
a) Rs.10000          b) Rs.12000
c) Rs.15000          d) Rs.9000
129.                    On a certain sum of money lent out at 16% p.a. the difference between the compound interest for 1 year, payable half yearly, and the simple interest for 1 year is Rs.56. The sum is
a) 1080                 b) 7805
c) 8750                 c) 5780
130.                    What sum will give Rs.244 as the difference between simple interest and compound interest at 10% in 1  years compounded half yearly?
a) 40,000              b) 36,000
c) 32,000              d) 28,000
131.                    The difference between the compound and the simple interest on a sum for 2 years at 10% per annum, when the interest is compounded annually, is Rs.28. If the interest were compounded half-yearly, the difference in the two interest will be
a) Rs.44                b) Rs.28.35
c) Rs.43.41           c) Rs.43.29
132.                    If the difference between simple and compound interest on a sum at 5% rate of interest per annum for three years is Rs.36.60, then the sum is
a) 8000                 b) 8400      
c) 4400                 d) 4800
133.                    If the difference between compound interest and simple interest on a sum of money for 3 years at 5% per annum is Rs.15.25, then the sum is
a) 2000                 b) 1000
c) 1500                 d) 2500
134.                    A certain amount of money earns Rs.540 as simple interest in 3 years. If it earns a compound interest of Rs.376.20 at the same rate of interest in 2 years, find the amount (in rupees).
a) 2000                 b) 1600
c) 2100                 d) 1800
135.                    The principle that yields a compound interest of Rs.420 during the second year at 5% per annum is
a) 7000                 b) 5000
c) 8000                 d) 6000
136.             If the compound interest on a sum for 2 years at 12 % per annum is Rs.510, the simple interest on the same sum at the same rate for the same period of time is:
a) 400                   b) 480
c) 450                   d) 460
137.                    A man borrows Rs.21000 at 10% compound interest. How much he has to pay equally at the end of each year, to settle his loan in two years?
a) Rs.12000          b) Rs.12100
c) Rs.12200          d) Rs.12300
138.                    A loan of Rs.12300 at 5% per annum compound interest, is to be repaid in two equal annual installments at the end of every year. Find the amount of each installment.
a) 6,651                 b) 6,615
c) 6,516                 d) 6,156
139.             A sum of Rs.13,360 was borrowed at 8 % per annum compound interest and paid back in two years in two equal installments. What was the amount of each installment?
a) 5,769                b) 7,569
c) 7,009                d) 7,500
140.                    A man took some loan from a bank at the rate of 8% compound interest per annum and he repaid the whole amount of the loan by paying Rs.50,000 and Rs.62,640 at the end of first year and second year, respectively. The sum of the loan (in Rs.) was
a) 1,00,000           b) 1,12,640

c) 1,50,000           d) 50,000