Q1. What sum of money will amount to Rs. 520 in 5 years and Rs. 568 in 7 years at simple interest?
(a)Rs 300
(b)Rs 350
(c)Rs 400
(d)Rs 450
(e)Rs 650
Q2. If Rs. 12000 is lent at 10% p.a. (compound interest) compounded half yearly for one year. What is the equivalent simple rate of interest for 1 year for same interest?
(a) 10.25% p.a
(b) 9.24% p.a
(c) 6.26% p.a
(d) 8.42% p.a
(e) 12.25% p.a
Q3. C.I. and S.I. for a certain sum at certain rate of interest for 2 years are Rs. 220 and Rs. 200. Find the principal amount.
(a) Rs. 2200
(b) Rs. 200
(c) Rs. 500
(d) Rs. 2000
(e) Rs. 2400
Q4. A gave some amount at simple rate of interest of 10% p.a to B for 3 years and B gave this amount to C at the rate of 20% p.a for 3 years. If the income of B was Rs. 1560 after 3 years, what amount A had given to B?
(a) Rs. 6200
(b) Rs. 5400
(c) Rs. 5200
(d) Rs. 5600
(e) Rs. 4800
Q5. The simple interest charged on an amount of Rs. 22,500 at the end of four years is Rs. 10,800. What will be the compound interest on the same amount at the same rate at the end of two years?
(a) Rs. 14,908
(b) Rs. 5,724
(c) Rs. 26,234
(d) Rs. 8,568
(e) Rs. 9,656
Solutions (1-5):
Q6. A sum of Rs. 7,700 is to be divided among three sisters Vidusha, Vimla and Vaishnavi 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 Vidusha is more than that of Vaishnavi by:
(a) Rs. 2,800
(b) Rs. 2,500
(c) Rs. 3,000
(d) Rs. 2,400
(e) Rs. 3,200
Q7. A sum of Rs. 91,000 is borrowed at 20% per annum compounded annually for two years. If it were borrowed at the rate of 100/7% per annum simple interest for four years then, find the difference between C.I and S.I
(a) Rs. 16,910
(b) Rs. 12,800
(c) Rs. 12,960
(d) Rs. 11,960
(e) None of these
Q8. A sum of money is accumulated at compound interest at a certain rate of interest. If simple interest instead of compound interest were reckoned, the interest for the first two years would be diminished by Rs. 20 and that for the first three years by Rs. 61. Find the sum.
(a) Rs. 7000
(b) Rs. 8000
(c) Rs. 7500
(d) Rs. 6500
(e) Rs. 5400
Q9. A person takes a loan of Rs. 200 at 5% p.a compound interest. He returns Rs. 100 at the end of one year. How much amount he would require to pay at the end of 2nd year in order to clear his dues.
(a) Rs.125.50
(b) Rs.110
(c) Rs.115.50
(d) Rs.115
(e) Rs.120
Q10. Find the difference between simple and compound interest on Rs. 6000 for 1 year at 20% per but interest is calculated on half yearly basis.
(a) Rs.120
(b) Rs.60
(c) Rs.180
(d) Rs.72
(e) Rs.108
Solutions (6-10):
No comments:
Post a Comment