Q1. A sum of money
doubles itself in 10 yrs at simple interest. What is
the rate of interest?
1) 5% 2) 8% 3) 10% 4) 12% 5) None
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Q2. A sum of money doubles itself in 7 yrs. In how many yrs will it become fourfold?
1) 20 yrs. 2) 22 yrs 3) 18 yrs 4) 21 yrs 5) None
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Q3. A lent Rs. 600 to B for 2 yrs, and Rs 150 to C for 4 yrs and received altogether from both Rs 90 as interest. Find the rate of interest, simple interest being calculated.
1) 3% 2) 5% 3) 8% 4) 10% 5) None
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Q4. The rate of interest for the first 2 yrs is 3% per annum, for the next 3 yrs is 8% per annum and for the period beyond 5 yrs 10% per annum. If a man gets Rs. 1520 as a simple interest for 6 yrs, how much money did he deposit?
1) 5000 2) 3500 3) 3800 4) 4000 5) None
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Q5. A sum of the money trebles itself in 20 yrs at SI. Find the rate of interest.
1) 8% 2) 10% 3) 5% 4) 4.5% 5) None
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Q6. In what time does a sum of money become four times at the simple interest rate of 5%
per annum?
1) 35 yrs. 2) 40 yrs. 3) 60 yrs. 4) 50 yrs. 5) None
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Q7. A sum was put at a certain rate for 2 years .Had it been put at 3% higher rate, it would have fetched Rs. 300 more. Find the sum.
1) 5000 2) 3000 3) 4500 4) 4000 5) None
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Q8. At a certain rate of simple interest Rs 800 amounted to Rs 920 in 3 years. If the rate of interest be increased by 3%, what will be the amount after 3 years?
1) 982 2) 950 3) 992 4) 840 5) None
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Q9. The simple interest on a certain sum of money at 4% per annum for 4 yrs is Rs 80 more than the interest on the same sum for 3 yrs at 5% per annum .Find the sum.
1) 8000 2) 7500 3) 8500 4) 6000 5) None
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Q10. A certain sum at simple interest amount to Rs 1040 in 3 years and to Rs 1360 in 7 years. Then the sum is
1) 750 2) 800 3) 900 4) 850 5) None
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Q11. A lent Rs 1200 to B for 3 years at certain rate of simple interest and Rs 1000 to C for the same time at the same rate. If he gets Rs 50 more from B than from C, then the rate percent is:
1) 2) 3) 4) 5) None
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Q12. A sum of money becomes 8/5 of itself in 5 years at a certain rate of interest. The rate percent per annum is
1) 5% 2) 8% 3) 10% 4) 12% 5) None
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Q13. Out of a certain sum, 1/3rd is invested at 3%, 1/6th at 6% and the rest at 8%. If
the simple interest for 2 years from all these investments amounts to Rs. 600, find the original
sum
1) 4000 2) 5000 3) 6000 4) 6500 5) None
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Q14. Find Compound interest on Rs 6250 at 8% p. a. for 2 years.
1) 1000 2) 1050 3) 1040 4) 1100 5) None
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Q15. Find the amount for a sum of Rs. 12000 at 5% p.a. for 3 years compounded yearly.
1) 13891.50 2) 14282.25 3) 13482.80
4) 16681.50 5) None
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Q16. Find compound interest on Rs. 5000 at 12% p.a. for 1 year, compounded half- yearly.
1) 600 2) 618 3) 712 4) 750 5) None
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Q17. In how many years will a sum of Rs. 10000 at 10 % p.a. compounded annually becomes Rs 13310?
1) 3 yrs. 2) 4 yrs. 3) 5 yrs. 4) 6 yrs. 5) None
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Q18. A sum of money deposited at compound interest doubles itself in 4 years. It will amount to sixteen times at the same rate in
1) 12 years 2)16 years 3)24 years 4)30 years 5) None
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Q19. Rs. 4000 deposited at compound interest doubles itself in 5 years. What will amount to after 25 year at the same rate?
1) 64000 2) 128000 3) 246000 4) 256000 5) None
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Q20. If the amount is times of sum after 3 years at compound interest, Rate of interest per annum is
1) 30% 2) 40% 3) 25% 4) 50% 5) None
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Q21. The difference between compound interest and simple interest on a certain sum at 8% per annum for 2 years is Rs 240. Find the sum.
1) 37500 2) 35000 3) 32000 4) 30000 5) None
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Q22. The compound interest on a certain sum of money for 2 years is Rs. 52 and the S.I. for two years at the same rate is Rs. 50. The rate % is
1) 6% 2) 8% 3) 12.5% 4) 7% 5) None
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Q23. If S.I. for a certain sum of money at 10% per annum for 2 years is Rs. 200, then the C.I. for the same sum of money in the same period will be:
1) 300 2) 210 3) 240 4) 220 5) None
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Q24. If C.I. for a certain sum of money at 5% per annum for 2 years is Rs. 4510, then the S.I. for same sum of money in the same period will be:
1) 4300 2) 4100 3) 4400 4) 4000 5) None
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Q25. If the C. I. on a sum of money at 10% per annum for 3 years is Rs. 3310, then the simple interest on the same sum for the same period at the same rate (in rupees) is
1) 1000 2) 1800 3) 3200 4) 3500 5) None
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Q26. Compound interest on a certain sum of money for 3 years at 10% p.a. is Rs. 165.50. The sum is
1) 550 2) 300 3) 500 4) 350 5) None
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Q27. A sum of money amounts to Rs. 1210 in two years and Rs. 1331 in three years at compound interest (interest being compounded annually). The interest rate per annum is
1) 8 2)10 3)10.5 4)11 5) None
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Q28. A sum of money amounts to Rs. 6690 in 3 years and Rs. 10035 in 6 years at compound interest (interest being compounded annually).The sum is
1) 4400 2)4445 3)4460 4) 4520 5) None
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Q29. If difference between compound interest and simple interest on a sum of money for two years at 10% per annum is Rs. 24, then the sum is:
1) 1800 2)2000 3)2400 4)2500 5) None
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Q30. If S.I. for a certain sum of money at 10% per annum for 2 years is Rs. 200, then the C.I. for the same sum of money in the same period will be:
1) 300 2) 210 3) 240 4) 220 5) None
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Q31. Find compound interest on Rs 50000 at 12% per annum for 6 months compounded quarterly.
1) 3000 2) 3040 3) 3045 4) 4000 5) None
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Answers
1) 3 2) 4 3) 2 4) 3 5) 2 6) 3
7) 1 8) 3 9) 1 10) 2 11) 3 12) 4
13) 2 14) 3 15) 1 16) 2 17) 1 18) 2
19) 2 20) 4 21) 1 22) 2 23) 2 24) 3
25) 5 26) 3 27) 2 28) 3 29) 3 30) 2
31) 3
