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Published byLucinda Lawrence Modified over 6 years ago
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COMPOUND INTEREST AND SIMPLE INTEREST TUTORIAL
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Q. 1 There is 80% increase in an amount in 8 years at simple interest
Q.1 There is 80% increase in an amount in 8 years at simple interest. What will be the compound interest of Rs. 14,000 after 3 years at the same rate? 4634 4865 4896 4456
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Q.2 If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 60, what is the compound interest on the same at the same rate and for the same time? 62.5 61.5 62 61
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Q. 3 The difference between simple interest and compound on Rs
Q.3 The difference between simple interest and compound on Rs. 900 for one year at 10% per annum reckoned half-yearly is: 2.45 2.55 2.35 2.25
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Q. 4 At what rate of compound interest per annum will a sum of Rs
Q.4 At what rate of compound interest per annum will a sum of Rs become Rs in 2 years? 6% 7% 5% 4%
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Q.5 Simple interest on a certain sum of money for 4 years at 5% per annum is half the compound interest on Rs for 2 years at 10% per annum. The sum placed on simple interest is: 1575 2200 1650 NONE OF THESE
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Q.6 The compound interest on a certain sum for 2 years at 10% per annum is Rs The simple interest on the same sum for double the time at half the rate percent per annum is: 400 500 600 700
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Q. 7 A sum of money at simple interest amounts to Rs
Q.7 A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is: 675 698 655 689
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Q. 8) A sum fetched a total simple interest of Rs. 4016
Q.8) A sum fetched a total simple interest of Rs at the rate of 9 p.c.p.a. in 5 years. What is the sum? 8925 8952 8965 8565
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Q. 9 A sum of Rs. 12,500 amounts to Rs
Q.9 A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest? 3% 4% 5% 6%
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Q. 10 A lent Rs. 5000 to B for 2 years and Rs
Q.10 A lent Rs to B for 2 years and Rs to C for 4 years on simple interest at the same rate of interest and received Rs in all from both of them as interest. The rate of interest per annum is: 15% 10% 8% 9%
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Q.11 A sum of money amounts to Rs after 5 years and Rs after 8 years at the same rate of simple interest. The rate of interest per annum is: 5% 8% 12% NONE OF THESE
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Q. 12 A certain amount earns simple interest of Rs. 1750 after 7 years
Q.12 A certain amount earns simple interest of Rs after 7 years. Had the interest been 2% more, how much more interest would it have earned? 35 45 55 DATA INADEQUATE
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