SIMPLE & COMPOUND INTEREST

1. If the amount received after 3 years at the rate of 12.5% per annum
is Rs. 5830 at simple interest, find the amount invested.
A. 3750 Rs
B. 3960 Rs
C. 4240 Rs
D. 4430 Rs
E. None of these

2. The simple interest at the end of 3 years on a sum of Rs 6150 is Rs

1180.8 . What will be the simple interest on Rs 2750 for 4 years at the
same rate of interest?
A. 704 Rs
B. 770 Rs
C. 807 Rs
D. 890 Rs
E. None of these

3. A certain sum is invested at simple interest at r% per annum for 5

years. Had it been invested at (r + 4)% per annum at simple interest, it
would have fetched Rs 960 more as interest. Find the sum invested?
A. 2800 Rs
B. 3600 Rs
C. 5400 Rs
D. 4800 Rs
E. None of these
4. The simple interest at the end of 3 years on a sum of Rs ‘P’ is Rs
1440. What will be the interest on Rs ‘P/5’ for the same period of time
at twice of the rate of interest?
A. 498 Rs
B. 576 Rs
C. 624 Rs
D. 762 Rs
E. None of these

5. The simple interest at the end of 3 years 8 months on a sum of Rs

3600 is Rs 3300. What will be the simple interest on Rs 2560 for the 2
years and 3 months at the same rate of interest?
A. 1080 Rs
B. 1280 Rs
C. 1360 Rs
D. 1440 Rs
E. None of these

6. The simple interest at the end of 4.5 years at 15% per annum on a
sum of Rs ‘P’ is Rs 7560. What will be the simple interest on Rs
(P+2800) for 1/5th of the time at double rate of interest?
A. 2960 Rs
B. 3780 Rs
C. 4200 Rs
D. 5640 Rs
E. None of these

7. Rashmi and Samaira invested at simple interest in the ratio 15:16.

At rates which are in the ratio of 8:9. For time periods that are in the
ratio of 27:25. What is the ratio between the interest earned by them?
A. 3:4
B. 5:6
C. 7:8
D. 9:10
E. None of these

8. The simple interest at the end of 2.25 years at 16r% per annum on a
sum of Rs 7500 is Rs 6250. What will be the simple interest on the
3/5th of the sum for 8 years at the 3r% per annum?
A. 2500 Rs
B. 3000 Rs
C. 3500 Rs
D. 4000 Rs
E. None of these

9. In how many years will the simple interest on a sum of money will
be equal to the double of the principal at the rate of 28.57%?
A. 5 years
B. 6 years
C. 7 years
D. 8 years
E. None of these

10. In how many years will the amount of Rs ‘16x’ becomes equal to
‘25x’ at the rate of 6.25% at simple interest?
A. 9 years
B. 8 years
C. 6 years
D. 5 years
E. None of these

11. A sum of Rs 25600 is invested at 12.5% p.a. compound interest

(compounded annually). What is the compound interest for 3 years?
A. 10850 Rs
B. 12060 Rs
C. 13240 Rs
D. 14520 Rs
E. None of these

12. If the compound interest on a certain sum of money for 2 years at

22.5% p.a. is Rs 3204, then the sum is equal to:
A. 5600 Rs
B. 6400 Rs
C. 7200 Rs
D. 8000 Rs
E. None of these

13. The compound interest(compounded annually) on a sum of

money invested is Rs 21010 for 5 years. If the rate of interest is 25%
per annum, then what is the total amount received after five years?
A. 31250 Rs
B. 32480 Rs
C. 33600 Rs
D. 34800 Rs
E. None of these

14. Ravi invests Rs. x in scheme A, which offers simple interest at the
rate of 11% per annum for 3 years. Rohan invests Rs. (x - 8000) in
scheme B, which offers simple interest at the rate of 14% per annum
for 3 years. If the interest received by Ravi is Rs.1560 more than the
interest received by Rohan, find the amount invested by Rohan.
A. Rs.13000
B. Rs.12800
C. Rs.12000
D. Rs.14200
E. None of these

15. The simple interest on a certain sum of money at the rate of 3%

per annum for 7 years is Rs. 21000. If rate of interest for which the
same amount of interest can be received on the same sum after 4
year is (x – 4.75)%, then find the value of (x + 15)% of 720.
A. 150
B. 160
C. 180
D. 200
E. None of these

16. The difference between simple interest received by P and Q is Rs

960 on Rs 2500 for 6 years. If the difference in rate of interest is r%,
then find the value of r% of 750.
A. 32
B. 39
C. 48
D. 54
E. None of these

17. A sum of money invested at simple interest becomes 9 times itself

in 16 years. If it will become (n+4) times in 46 years, then which of the
given options is not a factor of the number ‘n’?
A. 2
B. 3
C. 4
D. 5
E. None of these

18. A certain sum invested on compound interest (compounded

annually) grows by Rs 3280 in three years. If the rate of interest is
14.28% for the first years, 16.67% for the second years and 15% for
the third years, then what is the sum invested initially?
A. 6150 Rs
B. 6200 Rs
C. 6350 Rs
D. 6400 Rs
E. None of these

19. Mahima invested equal amounts at simple interest and at

compound interest at same rate of interest of 15% for 2 years. If the
total interest earned by her is Rs 2988, then find the total amount
invested by her?
A. 6000 Rs
B. 7500 Rs
C. 8400 Rs
D. 9600 Rs
E. None of these

20. Suraj invested the amount in the ratio 8:25 for 3 years at simple
interest at rate of 12.5% and at compound interest at rate of 10% for 3
years. If the total interest received by him is Rs 1804, then find total
amount invested by him?
A. 4860 Rs
B. 5280 Rs
C. 5400 Rs
D. 5640 Rs
E. None of these

21. After certain time ratio of principal invested and amount received
is 8:15 and after 5 more years their ratio becomes 2:5. Find the rate of
interest if the principal was invested at simple interest?
A. 12.5%
B. 15.0%
C. 17.5%
D. 20.0%
E. None of these

22. A sum of Rs 10000 amounts to Rs 17280 at compound interest in 3

years. If the rate of interest is increased by 5% then what will be the
extra amount received after 3 year?
A. 2079.50 Rs
B. 2148.75 Rs
C. 2251.25 Rs
D. 2363.00 Rs
E. None of these

23. A sum was invested on compounded interest at a 15% for 3 years.

If he had invested for one more year, it would have fetched Rs 3650.1
more. Then find the sum invested by him?
A. 15000 Rs
B. 16000 Rs
C. 18000 Rs
D. 20000 Rs
E. None of these

24. Nitish invested Rs 2000 at simple interest at rate of interest of r%.

After 8 years the amount received by him is Rs 4400. If he had
invested the same amount at ‘r+5’% p.a. at compound interest for 2
years , then find the interest received by him?
A. 720 Rs
B. 800 Rs
C. 880 Rs
D. 960 Rs
E. None of these

25. A and B borrowed Rs 12600 and Rs 16800 respectively at simple

interest at the same rate of interest for 2.5 years. If B paid Rs 1680
more interest than A, then find the rate of interest?
A. 10%
B. 12%
C. 15%
D. 16%
E. None of these