1. The simple interest at x % for x years will be Rs. x on a sum of
(a) (b) (c) (d)
2. How much should a person lend at simple rate of interest of 35% in order to have
Rs.1360 at the end of 2 years?
(a) Rs.400 (b) Rs.600 (c) Rs.800 (d) Rs.1000
3. In what time will the simple interest on Rs.780 at 5 % be equal to the simple interest on Rs.600 at 6 %? (a) 2 years (b) 3 years (c) 5 years (d) always
4. A sum of money becomes 27 times of itself in 3 years. Calculate the rate of interest in percent per annum of compound interest
(a) 100 (b) 200 (c) 150 (d) None of these
5. A man invests Rs. 4000 at the rate of 5 % per annum. How much more should he invest at the rate of 8 % so that he can earn a total of 6 % per annum?
(a) 1000 (b) 2000 (c) 1500 (d) 2500
6. The difference between simple interest and compound interest on a sum of money for two years at 20 % is Rs. 40 then fine the sum
(a) 1500 (b) 1000 (c) 990 (d) none of these
7. At simple interest what sum will amount to Rs. 1120 in 4 years and to Rs. 1200 in 5 years
(a) 750 (b) 800 (c) 850 (d) 1000
8. The simple interest on a sum of money is 1/25th of the principal and the number of years is equal to the rate percent per annum, the rate percent is
(a) 4 % (b) 2 % (c) 25 % (d) 8 %
9. If a sum of money put out at compound interest amounts to Rs. 1460 in 2 years and
Rs.1606 in 3 years, what is the rate of interest?
(a) 20 % (b) 30 % (c) 10 % (d) 15 %
10. The compound interest on a certain amount for 2 years at the rate of 3 % per annum is Rs.1218. The simple interest on the same amount for the same period is
(a) 1200 (b) 1300 (c) 1500 (d) 1600
11. Rs.1000 amounts to Rs. 1400 in 5 years at simple interest. If the interest rate is increased by 2 %, then find the simple interest on the same sum?
(a) 400 (b) 600 (c) 300 (d) 500
12. The compound interest on Rs. 40,000 at 8 % per annum for a certain period is Rs.6656. Find the period?
(a) 3 (b) 2 (c) 5 (d) 7
13. The difference of compound interest on Rs.800 for one year at 20 % per annum when compounded half yearly and quarterly is
(a) 8.8 (b) 8.2 (c) 4.40 (d) 4
14. The question for the day is from the topic of compound interest. What will Rs.1500 amount to in three years if it is invested in 20% p.a. compound interest, interest being compounded annually?
(a) 2400 (b) 2592 (c) 2678 (d) 2540
15. If a sum of money grows to 144/121 times when invested for two years in a scheme where interest is compounded annually, how long will the same sum of money take to treble if invested at the same rate of interest in a scheme where interest is computed using simple interest method?
(a) 9 years (b) 22 years (c) 18 years (d) 33 years
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