## Pages

### Simple and Compound Interest

1.       The simple interest obtained on an amount of Rs. 45000 at the end of 4 years is Rs. 15300. What would be the compound interest approximate be obtained on the same amount at the same rate of interest in the same period ?
(1) Rs. 8244    (2)  Rs. 19500        (3)   Rs. 16285       (4)  Rs. 18566
(5) Rs. 17364

2.         What would be the compound interest obtained on an amount of Rs. 20000 at the rate of 15 %  p.a. after 4 years ?
(1) Rs. 14,980.125         (2) Rs. 19680.125        (3) Rs. 16,780.125
(4) Rs. 18,980.125         (5) None of these

3.         Manisha invested an amount of Rs. 39300 for 4 years at the rate of 4 % p.a. What amount of approximate compound interest will she obtain at the end of 4 years ?
(1) Rs. 6675      (2) Rs. 6650      (3) Rs. 6288     (4) Rs. 6356
(5) Rs. 6450

4.         The Simple interest accured in 9 years on a principle of Rs. 24250 is 162 % of principle. What is the rate of interest per annum ?
(1) 22             (2) 16               (3) 18             (4) Cannot be determined
(5) None of these

5.         What would be the simple interest accured in 4 year on a principle of Rs. 16500 at the rate of 16 % per annum ?
(1) Rs. 11560    (2) Rs. 10250     (3) Rs. 12500        (4) Rs. 9980
(5) None of these

6.         What would be the simple interest obtained on an amount of Rs. 6350 at the rate of 8 % p.a. after 6 years ?
(1)  Rs. 3429      (2) Rs. 3048      (3) Rs. 3810          (4) Rs. 2667
(5) None of these

7.         At the equal rate of interest what is the difference between simple & compound interest of a sum  ?
1) Rs. 3.75       2) Rs. 4         3) Rs. 6.25               4) Data insufficient
5) None of these

8.         What would be the compound interest obtained on a amount of Rs. 7800 at the rate of 5 % after 3 yr ?
1)  Rs. 1235.685         2)  Rs. 1229.475         3)  Rs. 1287.68
4)  Rs. 1248.750         5) None of these

9.         What would be the simple interest obtained on an amount of Rs. 8930 at the rate of 8 % p.a. after 5 yr ?
1) Rs. 5413             2) Rs. 2678                 3) Rs. 3572
4) Rs. 4752             5) None of these

10.       What would be the simple interest obtained on an amount of Rs. 8955 at the rate of 10 % p.a. after 7 yr ?
(1) Rs. 6268.5         (2) Rs. 6628          (3) Rs. 6862          (4) Rs. 6682.5
(5) None of these

11.       What would be the compound interest obtained on an amount of Rs. 12500 at the rate of 6 % p.a. after 4 years ?
(1) Rs. 3180.962      (2) Rs. 3281.962      (3) Rs. 3380.962
(4) Rs. 3480.962       (5) None of these

12.       Difference between the compound interest & simple interest accured in two years at 8 % per annum is Rs. 128. What is the principle amount ?
(1) Rs. 18000                      (2)  Rs. 16000            (3)  Rs. 20000
(4) Cannot be determined      (5) None  of these

13.      Rupa invested a sum of Rs. 4230 at a rate of 6 % p.a. in a bank. What simple interest will she get at the end of 6 years ?
(1) Rs. 1522.80     (2) Rs. 1502.80     (3) Rs. 1582.20   (4) Rs. 1722.70
(5) None of these

14.      Vinita invested a certain amount at the rate of 8 % p.a. for 5 yr. and obtained a simple interest of Rs. 3800. Had she invested the same amount at the same rate of interest for 2 years, how much amount would she have obtained as compound interest at the end of 2 years
(1) Rs. 1580.80           (2) Rs. 1520        (3) Rs. 1550.50       (4) Rs. 1550
(5) None of these

15.       The compound interest accured on an amount at the end of two years @ 16 % p.a. is 3041.28. What is the amount ?
(1) Rs. 10500        (2) Rs. 9000      (3) Rs. 7250       (4) Rs. 8800
(5) None of these

16.       Find compound interest on Rs. 5000 at 12 % p.a. for 1 year compounded half yearly.
(1) Rs. 615           (2) Rs. 618         (3) Rs. 620         (4) Cannot be determined
(5) None of these

17.      The difference between the simple interest & the compound interest on Rs. 5000 at 10 % p.a. for 3 yrs is
(1) Rs. 145           (2) Rs. 150        (3) Rs. 165            (4) Rs. 180
(5) None of these

 18.       A bank offers 5% compound interest calculated on half-yearly basis. A                     customer deposits Rs.1600 each on 1st January and 1st July of a year. At the              end of the year, the amount he would have gained by way of interest is:            (1)Rs.121            (2) Rs. 122          (3) Rs. 123          (4) Rs. 124
19.     An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes:
1) 13%       2) 10.25%      3)15%      4)11%     5)None of these

20.       A sum of Rs. 12,000 deposited at compound interest becomes double after 5 years. After 20 years, it will become:
1) Rs. 1,10,000   2) Rs. 1,30,000  3) Rs. 1,24,000   4) Rs. 1,92,000
5) Rs. 1,50,000

ANS KEY

 Question No. Answer 1 5 2 1 3 1 4 3 5 5 6 2 7 4 8 2 9 3 10 1 11 2 12 3 13 1 14 1 15 4 16 2 17 5 18 1 19 2 20 4