Compound Interest

1. Find the C.I on Rs.8000/- for 3 years at 5% per annum?

a) Rs.1216/- b) Rs.1261/- c) Rs.1250/- d) None

2. Find the C.I on Rs.4000/- for 3 years at 5% per annum?

a) Rs.630.05 b) Rs.630.50 c) Rs.625.50 d) No

3. Find the C.I on Rs.16,000/- for 2 ½ years at 5% per annum?

a) Rs.2081/- b) Rs.2061/- c) Rs.2000/- d) Rs. 2500/-

4. What sum shall becomes Rs.5324/- when invested at C.I for 3 years at 10% p.a?

a) Rs.2000/- b) Rs.3000/- c) Rs.4000/- d) Rs.4500/-

5. The difference between S.I and C.I at a certain sum of money for 2 years at 4% is Rs.20/-. Find the sum?

a) Rs.12000/- b) Rs.15500/- c) Rs.14000/- d) Rs.12500/-

6. The C.I on a certain sum of 2 years at 4% is Rs.816/-. Find the corresponding S.I?

a) Rs.770/- b) Rs.775/- c) Rs.800/- d) Rs.795/-

7. A sum of money doubles itself in 6 years at a certain rate of C.I. In how many years it shall be 8 times at the same rate?

a) 18 years b) 12 years c) 48 years d) 24 years

8. A sum of money doubles itself in 5 years at a certain rate of C.I. In how many years it shall be 16 times at the same rate?

a) 15 years b) 25 years c) 10 years d) 20 years

9. The difference between C.I. and S.I. on an amount of Rs.15000/- for 2 years is Rs.96/-. What is the rate of interest per annum?

a) 8 b) 10 c) 12 d) Not determine

10. Find the C.I on Rs.15625/- for 9 months at 16% per annum compounded quarterly?

a) Rs.1851/- b) Rs.1941/- c) Rs.1951/- d) Rs.1961/-

11. The C.I. on Rs.30000/- at 7% per annum is Rs.4347/-. The period is?

a) 2 years b) 2 ½ years c) 3 years d) 4 years

12. The S.I on a certain sum of money for 3 years at 8% p.a. is half the C.I. on Rs.4000/- for 2 years at 10% p.a. The sum placed on S.I. is?

a) Rs.1550/- b) Rs.1650/- c) Rs.1750/- d) Rs.2000/-

13. Mr.Govind invested an amount of Rs.13900 divided in two different schemes S1 and S2 at the simple interst rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in two years was Rs.3508, what was the amount invested in Scheme S2?

a) Rs.6400 b)Rs.6500 c) Rs.7200 d) Rs.7500

14. A sum of money was invested in a bank at 8% simple interest p.a. for 3 years. Instead had it been invested in mutual fund at 8.5% p.a. simple interest for 4 years, the earning would have been Rs.500 more. What is the sum invested?

a) Rs.4500 b) Rs.5000 c) Rs.3500 d) Rs. 5500

15. A person borrowed Rs.600 @ 3% per annum S.I and Rs.800 @ 4½ % per annum on the agreement that the whole sum will be returned only when the total interest becomes Rs.246. The number of years, after which the borrowed sum is to be returned, is

a) 2 years b) 3years c) 4 years d) 5 years

16. A sum of Rs.13000 is divided into three parts such that the simple interests accrued on them for two, three and four years respectively may be equal. Find the amount deposited for 4 years.

a)5000 b) 6000 c)4000 d) 3000

17. A sum of Rs.100 is lent at simple interest of 3% p.a. for the first month, 9% p.a. for the second month, 27% p.a. for the third month and so on. What is the total amount of interest earned at the end of the year approximately

a) Rs.797160 b) Rs.791160 c)Rs.65930 d) Rs.66430

18. If the simple interest on a sum of money at twelve percent per annum for two years is Rs.3800, compound interest on the same sum for the same period at the same rate of interest is

a) Rs.4028 b)Rs.4100 c)Rs.4128 d) 4228

19. A sum of money is borrowed and paid back in two annual installments of Rs.882 each allowing 5% compound interest. The sum borrowed was :

a) Rs.1620 b) Rs. 1640 c)Rs.1680 d) Rs.1700

20. Rakesh invested an amount of Rs.12000 at the rate of 10% simple interest and another amount at the rate of 20% simple interest. The total interest earned at the end of one year on the amount invested became 14 p.c.p.a. Find the total amount invested .

a) Rs.20000 b)Rs.22000 c) Rs.24000 d) Rs.25000

21.The rate fo simple interest in two banks is in the ratio of 4 : 5 . Amith wants to deposit his total saving in these two banks in such a way that he should receive equal half yearly interest from both. He should deposits the saving in the banks in the ratio of:

a) 2 : 5 b)5 : 4 c) 5 : 3 d) 4 : 5

22. A sum of money becomes triple itself in 16 years. In how many years will it become 5 times at the same rate?

a) 32 b) 15 c) 27 d) 30

23. The compound interest on Rs.30,000 at 7% per annum is Rs. 4347. The period (in years) is:

a) 2 b) 2 ½ c) 3 d) 4

24. At what rate of compound interest per annum will a sum of Rs.1200 become Rs.1348.32 in 2 years?

a) 6% b) 6.5% c)7% d) 7.5%

25. If the simple interest on a sum of money for 2 years at 5% per annum is Rs.50, what is the compound interest on the same at the same rate and for the same time?

a)Rs. 52 b)Rs. 51.25 c)Rs. 54.25 d) Rs. 60

26. Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:

a) Rs.1550 b)Rs.1650 c) Rs.1750 d) Rs.2000

27. A sum of money triples itself at compound interest in3 years. In 9 years it will be

a)6 times b)12 times c)18 times d) 27 times

28. Raghav borrows Rs.2550 to be paid back with compound interest at the rate of 4% per annum by the end of 2 years in two equal yearly installments. How much will each installment be ?

a) Rs.1275 b) Rs.1283 c) Rs.1352 d) Rs.1377

29. A man invested an amount of Rs.8000 in a fixed deposit scheme for 2 years at compound interest of 5% per annum. How much amount will Albert get on maturity of the fixed deposit ?

a) Rs.8600 b) Rs.8620 c) Rs.8820 d) Rs. 8840

30 . The difference between simple interest and compound interest on Rs.1200 for one year at 10% per annum reckoned half-yearly is :

a) Rs.2.50 b) Rs.3 c)Rs.3.75 d) Rs.4