COMPOUND INTEREST
1.
What would be the compound interest obtained on a sum of Rs. 7790
at the rate of 10 p.c.p.a. after two years?
(A) Rs. 1532.60
(B)Rs. 1495.90 (C) Rs. 1653.50 (D)Rs. 1635.90 (E) None of these
2.
What would be the compound interest accrued on a sum of Rs. 45400
at the end of two years at the rate of 15 p.c.p.a.?
(A) Rs. 16411.5
(B)Rs. 14461.5 (C) Rs. 16461.5 (D)Rs. 14641.5
(E) None of these
3.
What would be the compound interest obtained on a sum of Rs. 20000
at the rate of 15 p.c.p.a. after 4 years?
(A) Rs. 14980.125
(B)Rs. 19680.125 (C) Rs. 16780.125 (D)Rs. 18980.125 (E) None of these
4.
The compound interest (in Rupees) on Rs. 5600 for 1
years at 10% per annum, compounded annually, is
(A) 882.70 (B)873.50 (C) 868 (D)840 (E) None of these
5.
Find compound Interest on Rs. 18750 for 2 years where rate for the
first year is 4% and for the second year is 8%
(A) Rs. 2310 (B)Rs. 2300 (C) Rs. 2320 (D)Rs. 2305 (E) None of these
6.
If interest be compounded half-yearly, then find the compound
interest on Rs. 800 at 10% for 1
years.
(A) Rs. 125 (B)Rs. 126 (C) Rs. 130 (D)Rs. 124.1 (E) Rs. 126.1
7.
Sudharshan invested Rs. 15000 at interest @ 10 p.c. p.a. for one
year. If the interest is compounded every six months, then what amount will
Sudharshan get at the end of the year?
(A) Rs. 16537.50 (B)Rs. 16500 (C) Rs. 16525.50 (D)Rs. 18150 (E)
None of these
8.
What will be the compound interest accrued on an amount of Rs.
10000 at the rate of 20 p.c.p.a. in two years if the interest is compounded
half yearly?
(A) Rs. 4400 (B)Rs. 4600 (C) Rs. 4641 (D)Rs. 4680 (E)
None of these
9.
Find Compound interest on Rs. 16000 at 20% for 9 months compounded
quarterly.
(A) Rs. 2528 (B)Rs. 2520 (C) Rs. 2500 (D)Rs.
2522 (E) None of these
10.
Ram takes a loan Rs. 10000 and pays back Rs. 13310 after 3 yr. The
compound interest rate per annum will be
(A) 8% (B)9% (C) 10% (D)11% (E) None of these
11.
Two friend A and B jointly lent out. Rs. 81600 at 4% per annum
compound interest. After 2 yr. A gets the same amount as B gets after 3 yr. The
investment made by B was
(A) Rs. 40000 (B)Rs. 30000 (C) Rs. 45000 (D)Rs.
38000 (E) None of these
12.
What sum would amount to Rs. 19965 at 10% p.a. after 3 years, when
interest is compounded annually?
(A) Rs. 1000 (B)Rs. 15000 (C) Rs. 16000 (D)Rs. 16000 (E) None
of these
13.
The compound interest on Rs. 30,000 at 7% per annum is Rs.4347.
The period (in years) is :
(A) 2 (B)2
(C) 3 (D)4 (E) None of these
14.
The present population of a village is 9,261. If the annual birth
rate is 8
% and the annual death rate
is 3.5%,then calculate the population 3 years ago.
(A) 10,721 (B)11,363 (C) 11,391 (D)8,000 (E) 10,561
15.
The value of a machine depreciates 10% annually. If the present
value of the machine is Rs. 1.0 lakh, then the total depreciation during 2
years hence will be.
(A) Rs. 81,000 (B)Rs. 21,000 (C) Rs. 19,000 (D)Rs. 72,000 (E) Rs. 44,100
16.
The value of a TV that was purchased in January 1999, depreciates
at 12% per annum. If its value in January 2001 is Rs. 4,840 then what was
purchase price of the TV?
(A) Rs. 6,250 (B)Rs. 5,500 (C) Rs. 6,450 (D)Rs. 6,325 (E) None of
these
17.
What is the difference between the simple and compound interest on
Rs. 7300 at the rate of 6 p.c.p.a. in 2 years?
(A) Rs. 29.37 (B)Rs. 26.28 (C) Rs. 31.41 (D)Rs. 23.22 (E) Rs. 21.34
18.
The difference between the simple interest and the compound
interest compounded annually at the rate of 12% per annum on Rs. 5000 for two
years will be.
(A) Rs. 17.50 (B)Rs. 36 (C) Rs. 45 (D)Rs.
72 (E) None of these
19.
If the difference between the simple and the compound interests on
same principal amount at 20% for 3 yr is Rs. 48, then the principal amount must
be
(A) Rs. 650 (B)Rs. 600 (C)
Rs. 375 (D)Rs. 400 (E) None of these
20.
The difference between the compound interest and the simple
interest on a certain sum of money for 2 yr at 15% per annum is Rs. 45. Find
the sum.
(A) Rs. 7000 (B)Rs. 2750 (C) Rs. 2000 (D)Rs. 2250 (E) None of these
21.
Sanjay borrowed a certain sum from Anil at a certain rate of simple interest for 2
yr. He lent this sum to Ram at the same rate of interest compounded annually
for the same period. At the end of two years, he received Rs. 4200 as
compounded interest but paid Rs. 4000 only as simple interest. Find the rate of
interest.
(A) 15% (B)20% (C) 35%km (D)10%km (E)
None of these
22.
Compound interest and simple interest on a sum for 2 years is Rs.
41 and Rs. 40 respectively. Find the sum and rate percent.
(A) Rs. 400, 8% (B)Rs. 400, 5% (C) Rs. 500, 5% (D)Rs. 500, 8%
(E) None of these
23.
A sum of money becomes Rs. 672 in 2 years and Rs. 714 in 3 years,
at the certain rate of compound interest. Find the rate of compound
interest.
(A) 6
% (B)5
% (C) 5
(D)6
% (E) None of these
24.
A sum amount to Rs. 4840 in 11 years and in 12 years it amount to
Rs. 5324. Find the rate percent.
(A) 15% (B)10% (C) 12% (D)14% (E) None of these
25.
The compound interest on a certain sum at R% p.a. for the second
year and the third year are Rs. 1650 and Rs.1815 respectively. Find the sum.
(A) Rs. 15500 (B)Rs. 16000 (C) Rs. 15000 (D)Rs. 14500 (E) None
of these
26.
A sum of money becomes Rs. 3600 in 2 years and Rs. 5184 in 4 years
on compound interest. Find the rate of compound interest.
(A) 18% p.a. (B)15% p.a. (C) 20% p.a. (D)21% p.a.
(E) None of these
27.
A sum of money become just double at compound interest in 5 years.
In how many years it will be 8 times itself?
(A) 12 years (B)18 years (C) 16 years
(D)15years (E) 20 years
28.
A sum of money at compound interest amounts thrice itself in 3
years. In how many years it will be 9 times itself?
(A) 3 years (B)5 years (C) 6
years (D)4.5 years
(E) None of these
29.
On a certain sum, compound interest for 2 years at 10% is Rs. 420.
Find simple interest on the sum at the same rate for the same period.
(A) Rs. 200 (B)Rs. 300 (C) Rs. 400 (D)Rs.
350 (E) None of these
30.
A sum of Rs. 16400 was taken at the rate of 5% p.a. to be paid
back in two equal annual instalments at compound interest. Find the value of
each installment.
(A) Rs. 6400 (B)Rs. 5510 (C) Rs. 8800 (D)Rs. 8820 (E) Rs. 7500
31.
A sum of money was lent on compound interest at the rate of 5%
p.a. is paid back in two equal annual installments of Rs. 882. Find the sum of
money.
(A) Rs. 1640 (B)Rs. 1600 (C) Rs. 1620 (D)Rs.
1700 (E) Rs. 1650
32. If the compound
interest on a certain sum at 16
% for 3 years is Rs. 1270, find the simple interest on the same
sum at the same rate for the same
period.
(A) Rs. 1080 (B) Rs. 2080 (C) Rs. 1040 (D) Rs. 560 (E) None of these
33.
The difference between the compound
interest and the simple interest accrued on an amount of Rs. 18,000 in 2 years
was Rs. 405. What was the rate of interest p.c.p.a. ?
(A) 15% (B) 10% (C) 5% (D) 20% (E) None
of these
34.
Divide Rs. 1301 between A and B, so
that the amount of A after 7 years is equal to the amount of B after 9 years,
the interest being compounded at 4% per annum.
(A) Rs. 676 and
Rs. 625 (B)
Rs. 606 and Rs. 525 (C) Rs. 776 and Rs. 425
(D) Rs. 660 and
Rs. 625 (E)
None of these
35.
A sum of money amounts to Rs. 6690 after 3 years and to Rs. 10,035
after 6 years on compound interest. Find the sum.
(A) Rs.5000 (B)
Rs.4460 (C)
Rs.6640 (D)
Rs.5500 (E) None of these
36. What annual
payment will discharge a debt of Rs. 7620 due in 3 years at 16
% per annum compound interest ?
(A) Rs. 3430 (B) Rs. 4340 (C) Rs. 2350 (D) Rs. 2650 (E) None of these
37. The compound
interest on Rs. 20,480 at 6
% per annum for 2 years 73 days, is :
(A) Rs. 2929 (B) Rs. 3000 (C) Rs. 3131 (D) Rs. 3636 (E)None of these
38. What is the
difference between the compound interests on Rs. 5000 for 1
years at 4% per annum
compounded yearly and half-yearly ?
(A) Rs. 2.04 (B) Rs. 3.06 (C) Rs. 4.80 (D) Rs. 8.30 (E) None of these
39. A sum of Rs.
12,000 deposited at compound interest becomes double after 5 years. After 20
years, it will become :
(A) Rs. 96,000 (B) Rs. 1,20,000 (C) Rs. 1,24,000 (D) Rs. 1,92,000
(E) None
of these
40. The least number
of complete years in which a sum of money put out at 20% compound interest will
be more than doubled is :
(A) 3 (B) 4
(C) 5 (D) 6 (E) None
of these
41. A man 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 instalments. How much will each instalment be ?
(A) Rs. 1275 (B) Rs. 1283 (C) Rs. 1352 (D) Rs. 1377 (E) None of these
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