Simple Interest
01. A sum of Rs.8400 amounts to Rs.11046 at 8.75% p.a. simple interest in certain time. What is the simple interest on the sum of Rs.9600 at the same rate for the same time? (CGL 2018)
(a) ₹ 2990
(b) ₹ 3012
(c) ₹ 2686
(d) ₹ 3024
Option – d
02. A sum amounts to ₹ 14,395.20 at 9.25% p.a. simple interest in 5.4 years. What will be the simple interest on the same sum at 8.6% p.a. in 4.5 years? (CGL 2018)
(a) 3715.20
(b) ₹ 3627
(c) ₹ 3797.76
(d) ₹ 3672
Option – a
03. A sum of Rs.10,500 amounts to Rs.13,825 in 3 years at a certain rate per cent per annum simple interest. What will be the simple interest on the same sum for 5 years at double the earlier rate? (CGL 2018)
(a) ₹ 8470
(b) ₹ 8750
(c) ₹ 8670
(d) ₹ 8560
Option – b
04. A sum of Rs.15,600 is invested partly at 7% per annum and the remaining at 9% per annum simple interest. If the total interest at the end of 3 years is Rs.3,738. How much money was invested at 7% per annum? (CPO 2018)
(a) Rs. 7800
(b) Rs. 7900
(c) Rs. 7600
(d) Rs.7700
Option – b
₹ 4300 rupees become ₹ 4644 in 2 years at simple interest. Find the principle amount that will become ₹ 10,104 rupees in 5 years at the same rate of interest. (CGL 2019)
(a) ₹ 8420
(b) ₹ 9260
(c) ₹ 5710
(d) ₹ 7200
Option – a
The rate of simple on a sum of money is 5% p.a. for the first 4 years, 8% p.a. For the next 3 years and 10% p.a. for the period beyond 7 years. If the simple interest accrued by the sum over a period of 10 years ₹ 1850 , then the sum is: (CGL 2019)
(a) ₹ 1500
(b) ₹ 2750
(c) ₹ 1650
(d) ₹ 2500
Option – d
Sudeep invested 1/8 of a certain sum at 5% p.a. for two years and of the sum at 6% p.a. for two years and the 3/5 remaining at 10% p.a. for two years. If the total interest received is Rs. 1,674, then the total sum invested is: (CPO 2019)
(a) ₹ 10500
(b) ₹ 12500
(c) ₹ 12000
(d) ₹ 13000
Option – c
A person invested a sum of ₹ 10,500 at x% per annum at simple interest and a sum of ₹ 13,500 at (x+2)% p.a. at simple interest. If the total interest earned on both the investment for 3 years is ₹ 7,650, then the rate of interest on the first investment is: (CPO 2019)
(a) 8%
(b) 9.5%
(c) 9%
(d) 8.5%
Option – b
Two equal sums are lent at 10% and 8% simple interest p.a. respectively, at the same time. The first sum is received 2 years earlier than the second one and the amount received in each case was ₹ 36,900. Each sum was? (CPO 2019)
(a) ₹ 20500
(b) ₹ 20200
(c) ₹ 18,100
(d) ₹ 21,500
Option – b
A sum of `25600 is invested on simple interest partly at 7% per annum and the remaining at 9% per annum. The total interest at the end of 3 years is ` 5832. How much money (in `) was invested at 9% per annum? (SSC CGL 2020)
(a) 18000
(b) 7600
(c) 9600
(d) 16000
Option – b
A sum at a certain rate of simple interest becomes Rs. 14880 after 3 years and Rs, 16800 after 5 years. Find the simple interest on the same sum at 10% per annum for 4 years (in Rs.) (SSC CGL 2020)
(a) 4740
(b) 4800
(c) 4860
(d) 5184
Option – b
The rate of simple interest for first two years is 8% p.a., for the next 4 years, it is 10% p.a. and for the period beyond 6 years, it is 12% p.a. If a person gets `18358.60 as simple interest after 9 years, then how much money (in `) did he invest? (SSC CGL 2020)
(a) 21075
(b) 20087
(c) 19674
(d) 19955
Option – d
Two equal sums were lent on simple interest at 6% and 10% per annum respectively. The first sum was recovered two years later than the second sum and the amount in each case was Rs1105. What was the sum (in Rs) lent in each scheme? (SSC CGL 2020)
(a) 900
(b) 850
(c) 936
(d) 891
Option – b
A sum of money was lent in two parts in the ratio 4 : 5 for 4 years and 5 years respectively, both at the rate of 8% per annum simple interest. If the difference between the interests earned from the two parts is `4680, then what was the total sum lent (in`) ? (SSC CGL 2020)
(a) 58,500
(b) 46,800
(c) 65,000
(d) 42,120
Option – a
A certain sum amounts of `81840 in 3 years and to `92400 in 5 years at x% p.a. under simple interest. If the rate of interest is becomes (x+2)%, then in how many years will the same sum double itself? (SSC CGL 2020)
(a) 12.5
(b) 8
(c) 10
(d) 20
Option – c
If the annual rate of simple interest increases from 11% to 17.5 %, then a person’s yearly income increases by ₹1071.20. The simple interest (in ) on the same sum at 10% for 5 years is: (CPO 2020)
(a) 16,480
(b) 9,120
(c) 8,240
(d) 7,250
Option – c
Compound Interest
What will the compound interest (nearest to ₹ 1) on a sum of ₹ 25,000 for 2 years at 12% p.a. if the interest is compounded 8 monthly? (CGL 2018)
(a) ₹ 6439
(b) ₹ 6349
(c) ₹ 6493
(d) ₹ 6394
Option – b
A sum of ₹ 15,000 is lent at 16% p.a. compound interest. What is the difference between the compound interest for the second year and the third year? (CGL 2018)
(a) ₹ 544
(b) ₹ 454.88
(c) ₹ 445.44
(d) ₹ 548
Option – c
What is the compound interest on a sum of ₹ 10,000 at 14% p.a. for 2 years where the interest is compounded yearly? (nearest to ₹ 1) (CGL 2018)
(a) ₹ 4439
(b) ₹ 4394
(c) ₹ 4259
(d) ₹ 4296
Option – d
A sum of ₹ 12,000 amounts to ₹ 20,736 in 3 years at a certain rate percent per annum, interest compounded annually. What will amount of the same sum to in 2 years at the same rate on compound interest? (CGL 2018)
(a) ₹ 15640
(b) ₹ 17820
(c) ₹ 17280
(d) ₹ 14500
Option – c
A certain sum amount to Rs.4,205.55 at 15% p.a. in 2.4 years, interest compounded yearly. The sum is? (CGL 2018)
(a) ₹ 3200
(b) ₹ 3500
(c) ₹ 2700
(d) ₹ 3000
Option – d
A sum of Rs.20,000 is invested for 15 months at the interest of 10% per annum compounded half yearly. What is the percentage gain, correct to one decimal place, at the end of 15 months? (CPO 2018)
(a) 13.4
(b) 13.0%
(c) 13.6%
(d) 12.5%
Option – b
Rs.2,40,000 is taken as loan for three years compounded annually at 12.5% p.a. At the end of first year, the interest is revised to 12% p.a. The total amount to be repaid at the end of third year is : (CPO 2018)
(a) Rs. 3,26,400
(b) Rs. 3,34,800
(c) Rs. 3,38,688
(d) Rs. 3,42,648
Option – c
The compound interest on a certain sum at 10% p.a. for 2 years 4 months is ₹ 1201.60, interest compound yearly. The sum is: (CGL 2019)
(a) ₹ 5400
(b) ₹ 4200
(c) ₹ 4800
(d) ₹ 4500
Option – c
What is the compound interest on a sum of ₹ 12000 for 21/8 years at 8% p.a. when the interest is compounded annually? (nearest to a rupee) (CGL 2019)
(a) ₹ 2697
(b) ₹ 2654
(c) ₹ 2712
(d) ₹ 2642
Option – a
A sum of ₹ 8000 invested at 10% p.a. amounts to ₹ 9261 in a certain time, interest compound half – yearly. What will be the compound interest on the same sum for the same time at double the rate of interest, when interest is compounded annually? (CGL 2019)
(a) ₹ 2520
(b) ₹ 2480
(c) ₹ 2560
(d) ₹ 2500
Option – c
A and B together borrowed a sum of ₹ 51750 at an interest rate of 7% p.a. compound interest in such a way that to settle the loan, A paid as much amount after three years as paid by B after 4 years from the day of borrowing. The sum borrowed by A was: (CGL 2019)
(a) ₹ 25650
(b) ₹ 26750
(c) ₹ 25000
(d) ₹ 24860
Option – b
What is the compound interest on a sum of Rs. 37,500 for 1 year 4 months at a rate of 12% p.a. if the interest is compounded 8-monthly? (CPO 2019)
(a) ₹ 6440
(b) ₹ 6240
(c) ₹ 6420
(d) ₹ 6448
Option – b
The compound interest on a certain sum at a certain rate percentage p.a. for the second year and third year are ₹3,300 and ₹3,630. What is the amount of the same sum at the same rate in 2.5 years, interest compounded yearly? (CPO 2019)
(a) ₹ 36000
(b) ₹ 38115
(c) ₹ 37215
(d) ₹ 36300
Option – b
A sum of ₹ 5,000 amounts to ₹ 7,200 in 8 years at a certain rate percent p.a., interest compounded yearly. What will be the compound interest on a sum of ₹ 6,550 in 4 years at the same rate of interest? (CPO 2019)
(a) ₹ 1415
(b) ₹1310
(c) ₹1290
(d) ₹1285
Option – b
A sum of ₹ x amounts to ₹ 12,777.60 in 2 years at 15% p.a., when the interest is compounded eight-monthly. The value of x is : (CPO 2019)
(a) ₹ 9800
(b) ₹ 10400
(c) ₹ 9600
(d) ₹ 10200
Option – c
What is the difference between the compound interest (in `) compounded yearly and compounded half yearly for 18 months at 20% per annum on a sum `12,000? (SSC CGL 2020)
(a) 145
(b) 165
(c) 121
(d) 132
Option – d
What is the compound interest (in `) on a sum of `8192 for 1 year 3 months at 15% per annum, if interest is compounded 5-monthly? (SSC CGL 2020)
(a) 1,640
(b) 1,740
(c) 1,634
(d) 1,735
Option – c
The interest (in `) to be paid on a sum of `30000 at 15% p.a. after 2 years 8 months if interest compounded yearly, is: (SSC CGL 2020)
(a) 12364.50
(b) 13642.50
(c) 16342.50
(d) 14362.50
Option – b
At what rate percent per annum will `7,200 amount to `7938 in one year, if interest is compounded half yearly? (SSC CGL 2020)
(a) 5
(b) 12
(c) 8
(d) 10
Option – d
A sum amounts to ₹ 7,562 in 4 years and to ₹ 8,469.44 in 5 years, at a certain rate per cent per annum when the interest is compounded yearly. If ₹ 10,000 at the same rate of interest is borrowed for two years, then what will be the compound interest (in₹)? (CPO 2020)
(a) 2764
(b) 2544
(c) 1736
(d) 1965
Option – b
CI and SI
The difference between the compound interest and simple interest on ₹ x at 8.5% per annum for 2 years is ₹ 28.90. The value of x is: (CGL 2018)
(a) ₹ 4000
(b) ₹ 3500
(c) ₹ 3800
(d) ₹ 4500
Option – a
The difference in compound interest on a certain sum at 10%p.a. for one year, when the interest is compounded half yearly and yearly, is 88.80 rupees. What is the simple interest on the same sum for 1 years 8 months at the same rate? (CGL 2019)
(a) ₹ 5916
(b) ₹ 5986
(c) ₹ 5980
(d) ₹ 5920
Option – d
The compound interest on a certain sum at 16.66 % p.a. for 3 years is ₹ 6350. What will be the simple interest on the same sum at the same rate of 17/3 years? (CGL 2019)
(a) ₹ 10200
(b) ₹ 7620
(c) ₹ 11400
(d) ₹ 9600
Option – a
Amit borrowed a sum of 25000 rupees on simple interest. Bhola borrowed the same amount on compound interest (compounded yearly). At the end of 2 years, Bhola had to pay 160 rupees more interest than Amit. The rate of interest charged per annum is: (CGL 2019)
(a) 16/25%
(b) 8%
(c) 8/25%
(d) 25/8%
Option – b
A man lent out at compound interest amounts to 1250 rupees in one year and to 1458 rupees in 3 years at a certain rate percentage p.a. what is the simple interest on the same sum for 17/3 years at the same rate of interest? (CGL 2019)
(a) ₹ 524
(b) ₹ 600
(c) ₹ 500
(d) ₹ 480
Option – c
A certain sum amounts to ₹ 15,500 in 2 years at 12% p.a. simple interest. The same sum will amount to what in 1.5 years at 10% p.a., if the interest is compounded half yearly (nearest to ₹ 1)? (CGL 2019)
(a) ₹ 14,470
(b) ₹ 15,125
(c) ₹ 14,360
(d) ₹ 13,460
Option – a
A sum of ₹ 10,500 amounts to ₹ 13,650 in 2 years at a certain rate per cent per annum simple interest. The same sum will amount to what in I year at the same rate, if the interest is compounded half yearly (nearest to ₹ 1) (CGL 2019)
(a) ₹ 12,134
(b) ₹ 12,124
(c) ₹ 12,314
(d) ₹ 12,143
Option – a
A person borrowed a certain sum at 10% p.a. for three years, interest being compounded annually. At the end of two years, he repaid a sum of ₹ 6,634 and at the end of the third year, he cleared off the debt by paying ₹ 13,200. What was the sum borrowed by him? (CGL 2018)
(a) ₹ 15400
(b) ₹ 316500
(c) ₹ 16400
(d) ₹ 15600
Option – a
A sum of ₹ x was borrowed and paid back in two equal yearly installments, each of ₹ 35,280. If the rate of interest was 5%, compounded annually, then the value of x is : (CGL 2018)
(a) ₹ 64400
(b) ₹ 65400
(c) ₹ 65600
(d) ₹ 64800
Option – c
A person borrowed a certain sum at 10% p.a. for three years, interest being compounded annually. At the end of two years, he repaid a sum of ₹ 6,634 and at the end of the third year, he cleared off the debt by paying ₹ 13,200. What was the sum borrowed by him? (CGL 2018)
(a) ₹ 15400
(b) ₹ 316500
(c) ₹ 16400
(d) ₹ 15600
Option – a
A sum of ₹ x was borrowed and paid back in two equal yearly installments, each of ₹ 35,280. If the rate of interest was 5%, compounded annually, then the value of x is : (CGL 2018)
(a) ₹ 64400
(b) ₹ 65400
(c) ₹ 65600
(d) ₹ 64800
Option – c
A person borrowed a certain sum at 10% p.a. for three years, interest being compounded annually. At the end of two years, he repaid a sum of ₹ 6,634 and at the end of the third year, he cleared off the debt by paying ₹ 13,200. What was the sum borrowed by him? (CGL 2018)
(a) ₹ 15400
(b) ₹ 316500
(c) ₹ 16400
(d) ₹ 15600
Option – a
A sum of ₹ x was borrowed and paid back in two equal yearly installments, each of ₹ 35,280. If the rate of interest was 5%, compounded annually, then the value of x is : (CGL 2018)
(a) ₹ 64400
(b) ₹ 65400
(c) ₹ 65600
(d) ₹ 64800
Option – c
A person borrowed a certain sum at 10% p.a. for three years, interest being compounded annually. At the end of two years, he repaid a sum of ₹ 6,634 and at the end of the third year, he cleared off the debt by paying ₹ 13,200. What was the sum borrowed by him? (CGL 2018)
(a) ₹ 15400
(b) ₹ 316500
(c) ₹ 16400
(d) ₹ 15600
Option – a
A sum of ₹ x was borrowed and paid back in two equal yearly installments, each of ₹ 35,280. If the rate of interest was 5%, compounded annually, then the value of x is : (CGL 2018)
(a) ₹ 64400
(b) ₹ 65400
(c) ₹ 65600
(d) ₹ 64800
Option – c
A sum of Rs. 7500 amounts to Rs. 9075 at 10% p.a. interest being compounded yearly in a certain. The simple interest (in Rs.) on the same sun for the same time and the same rate is: (SSC CGL 2020)
(a) 1500
(b) 1480
(c) 1520
(d) 1530
Option – a
A certain sum amounts to Rs. 291600 in 2 years and to Rs 314928 in 3 years on compound interest compounded annually. How much will be the simple interest (in Rs.) on Rs. 40000 at the same rate for 2 years? (SSC CGL 2020)
(a) 7500
(b) 6400
(c) 8000
(d) 9600
Option – b
A certain sum becomes Rs. 13650 at 15% p.a. simple interest after 2 years. What will be the amount (in Rs.) of the same sum after 1 year at the same of interest, if the interest is compound half yearly? (nearest to a Rs.) (SSC CGL 2020)
(a) 13625
(b) 11000
(c) 12134
(d) 10500
Option – c
A borrowed a sum of Rs. 160000 from B at 10% per annum simple interest. At the same time, he lent the same sum to C at the same rate on compound interest, compounded semi-annually for 2 years. Find the amount (in Rs.) earned by A in the whole transaction. (SSC CGL 2020)
(a) 4280
(b) 4281
(c) 2481
(d) 2840
Option – c
What is the difference (in `) between the simple interest and the compound interest on a sum of `8000 for 2.4 years at the rate of 10% p.a., when the interest is compounded yearly? (SSC CGL 2020)
(a) 152.80
(b) 150
(c) 155
(d) 147.20
Option – d
A sum of `3125 amounts to `3515.20 in 3 years at x% p.a., interest being compounded yearly. What will be the simple interest (in `) on the same sum and for the same time at (x+2)% p.a.? (SSC CGL 2020)
(a) 554
(b) 562.50
(c) 565.50
(d) 550
Option – b
A sum of `9500 amounts to `11495 in 2 years at a certain rate percent per annum, interest compounded yearly. What is the simple interest (in `) on the same sum for the same time and double the rate? (SSC CGL 2020)
(a) 3420
(b) 3990
(c) 3800
(d) 4560
Option – b
Instalment
A person borrowed a certain sum at 10% p.a. for three years, interest being compounded annually. At the end of two years, he repaid a sum of ₹ 6,634 and at the end of the third year, he cleared off the debt by paying ₹ 13,200. What was the sum borrowed by him? (CGL 2018)
(a) ₹ 15400
(b) ₹ 316500
(c) ₹ 16400
(d) ₹ 15600
Option – a
A sum of ₹ x was borrowed and paid back in two equal yearly installments, each of ₹ 35,280. If the rate of interest was 5%, compounded annually, then the value of x is : (CGL 2018)
(a) ₹ 64400
(b) ₹ 65400
(c) ₹ 65600
(d) ₹ 64800
Option – c
A certain loan was returned in two equal half yearly installments each of Rs.6,760. If the rate of interest was 8% p.a., compounded yearly, how much was the interest paid on the loan? (CGL 2018)
(a) ₹ 750
(b) ₹ 810
(c) ₹ 790
(d) ₹ 770
Option – d
A, borrowed Rs.28,500 at 8% p.a. interest compounded annually. If Rs.5,780 was paid at the end of first year, then the outstanding amount at the end of second year is: (CPO 2018)
(a) Rs. 27000.00
(b) Rs. 27462.40
(c) Rs. 30,780.00
(d) Rs.33,242.40
Option – a
Atul borrowed a sum of `12000 and agreed to repay it by paying `4800 at the end of first year and `9240 at the end of second year. What is the rate of compound interest compounded annually? (SSC CGL 2020)
(a) 10%
(b) 12%
(c) 8.5 %
(d) 8%
Option – a
A man borrowed a certain sum and agrees to repay it by paying Rs. 4000 at the end of first year and Rs. 7700 at the end of second year. If the rate of compound interest compounded annually is 10% per annum, then find the sum (in Rs.) (SSC CGL 2020)
(a) 11500
(b) 11000
(c) 9000
(d) 10000
Option – d
A loan is to be returned in two equal yearly installments. If the rate of interest is 10% p.a., compounded annually and each installment is `6534, then the total interest charged (in `) is: (SSC CGL 2020)
(a) 1728
(b) 1867
(c) 1642
(d) 1579
Option – a
A person borrowed a sum of `30800 at 10% p.a. for 3 years, interest compounded annually. At the end of two years, he paid a sum of `13268. At the end of 3rd year, he paid `x to clear of the debt. What is the value of x? (SSC CGL 2020)
(a) 26200
(b) 26620
(c) 26400
(d) 26510
Option – c
ICAR 2022 Questions
1. A certain amounts to Rs 16956 in 4 years and to Rs 19116 in 6.5 years at a certain rate percent per annum, interest being simple in both the cases. The ratio of interest per annum is?
A) 6.5%
B) 7.5%
C) 6.4%
D) 7.8%
2. A sum of Rs 9600 amounts to Rs 11616 in 2.5 years at simple interest. What will be the amount of the same sum at 3/4th of the earlier rate in 5.5 years?
A) Rs 12926.40
B) Rs 12203.20
C) Rs 13035.20
D) Rs 12980.40
3. A certain sum invested at a rate of 8% per annum after 3.5 years at simple interest is Rs 2944 less than the simple interest on the same sum for 10 years at double the rate of interest. The sum (in Rs) is?
A) 9800
B) 9200
C) 9000
D) 9500
4. A certain sum invested at simple interest for 3 years amounts to Rs. 11,268 and the same sum invested at simple interest for 5 years amounts to Rs. 12,780, with the rate of interest being the same in both the cases. What is the rate of interest p.a.?
A) 7.2%
B) 7.5%
C) 8.4%
D) 9.5%
5. A certain sum invested at a certain rate percent per annum at simple interest for 3.5 years amounts to Rs 16160 and amunts to Rs 20000 in 7.5 years at the same rate at simple interest. What will be the simple interest on the same sum at double the rate in 2.6 years?
A) Rs 4680
B) Rs 5070
C) Rs 4875
D) Rs 4992
6. The amount received on a sum invested at 8% per annum simple interest for 3.5 years exceeds the simple interest on the same sum at the same rate for 15 years by Rs 600. What will be the amount (in Rs) of the same sum in 5.5 years at double the same rate at simple interest?
A) 13800
B) 14000
C) 14100
D) 14080
7. A certain amounts to Rs 16956 in 4 years and to Rs 19116 in 6.5 years at a certain rate percent per annum, interest being simple in both the cases. The ratio of interest per annum is?
A) 6.5%
B) 7.5%
C) 6.4%
D) 7.8%
8. A person invested a sum of Rs 4500 at r% per annum simple interest and a sum of Rs 6750 at (r-2)% per annum at simple interest. If the total interest earned on both the investment for 5 years is Rs 4668.75, then the average of the rate of interest on both the investment is?
A) 9%
B) 8.5%
C) 7.5%
D) 9.5%
9. A sum of Rs 50000 is divided in two parts such that the simple interest on the first part of 4.2 years at 6 2/3 % per annum is doule the simple interest on the second part for 2.75 years at 4% per annum. What is the difference (in Rs) between the two parts?
A) 8000
B) 5000
C) 4000
D) 6000
10. The amount of a certain sum in 2 years at 20% per annum is Rs 7776, interest compounded yearly. What will be the amount of the same sum in 1.5 years at the same rate of interest, compounded half yearly?
A) Rs 7187
B) Rs 7178
C) Rs 7285
D) Rs 7085
11. The difference between the compound interest on a certain sum for 1.5 years at a rate of 20% per annum is Rs 1716 when the interest is compounded half yearly and compounded annually. The sum (in Rs) is?
A) 1,32,000
B) 1,43,000
C) 2,14,500
D) 1,56,000
12. Sudha invested her saving in schemes A and B in the ratio 3:5, each for 1.5 years. Scheme A offers intrest at a rate of 20% per annum compounded 6 – monthly, where as scheme B offers interest at a rate of 10% per annum compounded annually. If the difference between the interests received from A and B is Rs 152.60, then the money invested in scheme B is?
A) Rs 4000
B) Rs 4500
C) Rs 3000
D) Rs 3500
13. The compound interest on a sum of Rs 12000 at a rate of x% per annum for 1.5 years is Rs 3840, compounded yearly. What will be the compound interest on the same sum at the same rate and for the same period if the interest is compounded half yearly?
A) Rs 3972
B) Rs 3876
C) Rs 3944
D) Rs 3846
14. Had the interest been payable half yearly instead of yearly, then a sum of money given as loan for 2 years at 20% compound interest would have earned Rs 1205 more as interest. What will be the amount (in Rs) received after 1 year at the rate of 20% compound interest on the same sum on half yearly compounding basis?
A) 61275
B) 60500
C) 59275
D) 58250
15. Nidhi invested her saving in schemes A and B in the ratio 2;3 respectively, for 1.5 years. Scheme A offers interest at 20% per annum compounded half yearly, while scheme B offers interest at 10% per annum compounded yearly. If the total interest received by her from both the schemes is RS 13524, then the amount (in Rs) invested by her in scheme A is?
A) 36000
B) 24000
C) 15000
D) 18000
16. A bank offers following 4 schemes for investment. If a customer wants to invest an amount of Rs P, then which scheme is more beneficial for a customer after a period of 1 year?
I) Rate of interest 24% per annum compounded quarterly
II) Rate of interest 24% per annum compounded half-yearly
III)Rate of interest 24% per annum compounded annually
IV) Rate of interest 24% per annum with simple interest
17. A certain sum amounts to Rs 25300 in 2 years at 7.5% per annum simple interest. What will be the compound interest on the same sum for the same period at double the rate, if the interest is compounded 8-monthly?
A) Rs 7372
B) Rs 7284
C) Rs 7282
D) Rs 7248
18. The simple interest on a certain sum for 4.4 years at 9% per annum is Rs 1072.50 more than the compound interest on the same sum for 2 years at 15% per annum interest compounded 8-monthly. The sum (in Rs) is?
A) 16000
B) 15000
C) 15600
D) 16500
19. The amount received on a certain sum at the rate of 15% p.a. in 2 years is Rs 5989. 50, where interest is calculated on 8-monthly compounding basis. What will be the simple interest accruing on the same sum at the rate of 19% p.a. in 4 2/3 years?
A) Rs 4522
B) Rs 4256
C) Rs 3990
D) Rs 3724
20. A sum of Rs x was invested for 12 years in a scheme A offering 8% p.a. simple interest. The amount received after 12 years was reinvested for 2.5 years in the proposed scheme B at 12% compound interest per annum which is charged compounded on 10 months. If the interest received from B is Rs 32438, then what will be the value of x?
A) Rs 40000
B) Rs 32000
C) Rs 50000
D) Rs 45000
21. A certain sum invested at simple interest amounts to Rs 18600 in 3 2/3 years at 15% per annum. What will be the amount of the same sum if it is invested at compound interest at the same rate for 2 years, interest compounded 8 –monthly?
A) Rs 15992
B) Rs 15792
C) Rs 15972
D) Rs 15982
22. What is the difference (in Rs) between the compound interest when the interest is compounded 5-monthly, and the simple interest on a sum of Rs P for 1.25 year at 12% per annnum?
A) 𝟗𝟏 𝑷 / 𝟖𝟎𝟎𝟎
B) 𝟓𝟏 𝑷/ 𝟖𝟎𝟎𝟎
C) 𝟔𝟏 𝑷/ 𝟖𝟎𝟎𝟎
D) 𝟒𝟏 𝑷/ 𝟖𝟎𝟎𝟎
23. A computer is available for Rs 76800 cash down payment and three equal half – yearly installments. If the interest charged is 20% per annum, compounded semi- annually, then the interest changed in the installment scheme is?
A) Rs 10848
B) Rs 10878
C) Rs 10928
D) Rs 10698
24. A car is available for Rs 498200 cash or Rs 60000 cash down payment followed by three equal annual instalments. If the rate of interest charged is 16% per annum compounded yearly, then the total interest changed in the instalment plan is?
A) Rs 146314
B) Rs 145163
C) Rs 146137
D) Rs 147136
25. A motorcycle is available for Rs 135000 cash or for Rs 23,880 cash down payment followed by three equal annual installments. If the rate of interest charged is 15% per annum compounded yearly, then the total paid in the installment scheme is?
A) Rs 33874
B) Rs 33784
C) Rs 34848
D) Rs 34884
26. An amount of Rs 1450 was given as a loan at the beginning of the year at a certain percentage per annum. After 8 months, an amount of Rs 725 was given as loan but this time the rate was double than before. At the end of the year, Rs 67 was received as interest from both the loans. What was the original interest rate?
A) 8.47%
B) 13.47%
C) 3.47%
D) 5.47%
27. A TV is available for Rs 150000 cash or for Rs 17600 as cash down payment and the balance in three equal half-yearly instalments. If the interest is charged at 20% per annum compounded half-yearly, then the total interest (in Rs) paid by a customer under this instalment scheme is?
A) 27320
B) 26820
C) 26980
D) 27440
28. A computer is available for Rs 76800 cash down payment and three equal half – yearly installments. If the interest charged is 20% per annum, compounded semi- annually, then the interest changed in the installment scheme is?
A) Rs 10848
B) Rs 10878
C) Rs 10928
D) Rs 10698
29. A computer is available for Rs 71580 cash or Rs 12000 as cash down payment followed by three equal half yearly installments. If the interest is chargedat 20% per annum compounded half yearly, the interest paid by customer under the instalment plan is?
A) Rs 12498
B) Rs 10245
C) Rs 12294
D) Rs 11248
30. A sofa set is available for Rs 48500 in cash or on cash down payment of Rs 10500 plus three equal monthly installments thereof. If the rate of interest charged under the installment scheme is 16% p.a., then assuming the interest as simple, find the amount to be paid monthly?
A) Rs 13200
B) Rs 13400
C) Rs 13500
D) Rs 13000
31. A scooty can be bought for Rs 30000 in cash or Rs 9400 in cash advance payment followed by 4 monthly installments. What will be the value of each installment at 15% p.a. simple interest?
A) 5298
B) 5565
C) 5406
D) 5308
32. A sum of Rs 69440 is borrowed by a man at 12.5% per annum interest compounded annually. If the loan is to be paid back in three equal instalments, then the total interest paid in this scheme is?
A) Rs 18230
B) Rs 18010
C) Rs 18040
D) Rs 18100
33. A man pays back a sum of Rs 32445 in three, equal, half-yearly installments. If the rate of interest is 13 1/3% per annum compounded half-yearly, then the total interest paid is?
A) Rs 4388
B) Rs 4440
C) Rs 4428
D) Rs 4419