Simple Interest & Compound Interest
1) 1) A sum of Rs.400 amounts to Rs.480 in 4 years. What will it amount to if the rate of interest is increased by 2%?
a)Rs.484 b) Rs.560
c) Rs.512 d)None
2) 2) A lent Rs.5000 to B for 2 years and Rs.3000 to C for 4 years on simple interest at the same rate of interest and received Rs.2200 in all from both as interest. The rate of interest per annum is
a)7% b)5% c)7 1/8% d)10%
3) What sum of money will amount to Rs.520 in 5 years and to Rs. 568 in 7 years at simple interest?
a)Rs.400 b) Rs.120
c) Rs.510 d) Rs.220
lends Rs.2500 to B and a certain sum to C at the same time at 7% annual simple
interest. If after 4 years. A altogether receives Rs.1120 as interest from B
and C, the sum lent to C is
a) Rs.700 b) Rs.6500
c) Rs.4000 d) Rs.1500
sum of money lent out at simple interest amount to Rs.720 after 2 years and to
Rs.1020 after a further period of 5 years. The sum is:
a) Rs.500 b) Rs.600
c) Rs.700 d) Rs.710
6.Compound interest (compounded annually on a certain sum of money for 2 years 4% per annum is Rs.102. The simple interest on the same sum for the same rate and for the same period will be:
a)99 b)101 c)100 d)98
7.The difference between simple and compound interest compound annually, on a certain sum of money for 2 years at 4% per annum is Rs.1. The sum (in RS) is
a)650 b)630 c)625 d)640
8.The compound interest on a certain sum of money invested for 2 years at 5% per annum is RS.328. The Simple interest on the sum, at the same rate and for the same period will be
a)320 b)308 c)300 d)287
9.The compound interest on a certain sum of money for 2 years at 10% per annum is Rs.420. The simple Interest on the same sum at the rate and for the same time will be
a)350 b)375 c)380 d)400
10.There is 100% increase to an amount in 8 years, at simple interest.Find the compound interest of Rs.8000 after 2 years at the same rate of interest.
a)2500 b)2000 c)2250 d)2125
1-c 2- d 3-a 4-d 5-b 6-c 7-c 8-a 9-d 10-d...