0% found this document useful (0 votes)
12 views34 pages

Compound Interest Calculation for Rs 20,000

Uploaded by

Ashish Tiwari
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
12 views34 pages

Compound Interest Calculation for Rs 20,000

Uploaded by

Ashish Tiwari
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

ww

w.
yo
ur
sm
ah
bo
1. What is S.I. of Rs. 800 on 5% per annum for 3 years?

ob
.w
(a)120 (b) 140 (c) 210

or
dp
re
(d) 230 (e) None of these

ss
.c
2. How many years will it take for amount of Rs. 600 to yield Rs. 120 as

om
interest at 10% per annum of S.I.?
(a)1 year (b) 3 year (c) 2 year
(d) 4 year (e) None of these
3. A sum of Rs. 15000 amount gave Rs. 4500 as interest in 5 year. What
is rate of interest?
(a)3% (b) 4% (c) 5%
(d) 6% (e) None of these
4. A sum of money becomes Rs. 1100 in 2 years and Rs. 1400 in 6 years
at S.I. Find the rate percent.
17 7 4
(a) 7 (b) 1 (c) 2
19 13 3
2
(d) 5 (e) None of these
3
5. What would be the C.I. on Rs. 17500 at the rate of 12 p.c.p.a. after 2
years?
(a)Rs. 4442 (b) Rs. 4452 (c) Rs. 4462
(d) Rs. 4482 (e) None of these
6. What would be the C.I. obtained on an amount of Rs. 12000 at the
rate of 9 p.c.p.a for 3 years?
(a)Rs. 3840 (b) Rs. 3740.75 (c) Rs. 3540
(d) Rs. 3640 (e) None of these
7. What would would be the C.I. obtained on an amount of Rs. 4800 at
the rate of 5 p.c.p.a for 3 years?
(a)Rs. 448.7 (b) Rs. 817.8 (c) Rs. 623.5
(d) Rs. 756.6 (e) None of these
Adda247 | No. 1 APP for Banking & SSC Preparation
14 Website:[Link] | Email:ebooks@[Link]
ww
w.
yo
8. What would be the C.I. obtained on an amount of 12500 at the rate of

ur
sm
12 p.c.p.a. after 2 years?

ah
bo
(a)Rs. 3180 (b) Rs. 3360 (c) Rs. 3540

ob
.w
(d) Rs. 3720 (e) None of these

or
dp
9. The difference between simple and compound interest on sum of

re
ss
.c
10000 is 64 for 2 years. Find the rate of interest.

om
(a)8 (b) 64 (c) 4
(d) 2 (e) None of these
10. The difference between simple and compound interest compounded
annually on a certain sum of money for 2 years at 4% per annum is
Rs. 1. The sum (in Rs.) is:
(a)625 (b) 630 (c) 640
(d) 650 (e) None of these
11. Find the compound interest on Rs. 12500 at 8% per annum for 9 months
compounded quarterly.
(a)Rs. 1020 (b) Rs. 1428 (c) Rs. 510
(d) Rs. 550 (e) None of these
12. Find the compound Interest on Rs. 32000 at 20% per annum for 1
year, compounded half yearly.
(a)Rs. 6320 (b) Rs. 6720 (c) Rs. 6400
(d) Rs. 6500 (e) None of these
13. The difference between C.I. & S.I. on Rs. 700 in 2 years at 5% per
annum is:
(a)Rs. 10 (b) Rs. 5 (c) Rs. 1
(d) Rs. 2.5 (e) Rs. 1.75
14. The difference between the compound and simple interest on a sum
of money for 2 years at 6 14 % per annum is Rs. 10. The sum is
(a)Rs. 2000 (b) Rs. 2200 (c) Rs. 2560
(d) Rs. 2600 (e) None of these
15. If a sum of money doubles itself in 8 years at S.I. then the rate of
interest per annum is:
(a)Rs. 10.5 (b) Rs. 12.5 (c) Rs. 11.5
(d) Rs. 13.5 (d)None of these
Adda247 | No. 1 APP for Banking & SSC Preparation
Website:[Link] | Email:ebooks@[Link]
15
ww
w.
yo
16. What sum lent at 10% per year on S.I. will amount to Rs. 450 in 2

ur
sm
years?

ah
bo
(a)Rs. 350 (b) Rs. 375 (c) Rs. 240

ob
.w
(d) Rs. 280 (e) None of these

or
dp
17. Nutan invest Rs. 22400 on S.I. at rate 12 p.c.p.a. How much amount

re
ss
.c
she will get after seven year.

om
(a)41,116 (b) 41,216 (c) 42,116
(d) 42, 216 (e) None of these
18. What time taken by sum of Rs. 7000 to became 10500 at the rate of 5%
per annum?
(a)8 years (b) 10 years (c) 5 years
(d) 15 years (e) None of these
19. A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9%
p.a. in 5 years. What is the sum?
(a)Rs. 4462.50 (b) Rs. 8032.50 (c) Rs. 8900
(d) Rs. 8925 (e) None of these
20. If the difference between the C.I. compounded half yearly and simple
interest on a sum at 10% per annum for one year is Rs. 25, the sum is:
(a)Rs. 9000 (b) Rs. 9500 (c) Rs. 10,000
(d) Rs. 10,500 (e) None of these
21. The difference between compound and simple interest at a certain
rate on Rs. 2000 at the end of two years is Rs. 12.8. The rate of interest
per annum is
(a)6.8% (b) 8% (c) 12.8%
(d) 16.8% (e) None of these
22. If a sum of money at simple interest doubles itself in 6 years, it will
become four times in:
(a)14 years (b) 12 years (c) 18 years
(d) 16 years (e) None of these
23. A sum of money doubles in 3 years at compound interest,
compounded annually. It will become 4 times of itself in:
(a)12 years (b) 9 years (c) 8 years
(d) 6 years (e) None of these
Adda247 | No. 1 APP for Banking & SSC Preparation
16 Website:[Link] | Email:ebooks@[Link]
ww
w.
yo
ur
1

sm
24. If the amount is 6 times the sum after 2 years at compound interest,

ah
4

bo
ob
the rate of interest per annum is:

.w
or
(a)130% (b) 140% (c) 125%

dp
re
(d) 150% (e) None of these

ss
.c
25. Amit invested an amount of Rs. 25000 in fixed deposit @ C.I. 8% per

om
annum for 2 years. What amount Amit will get
(a)Rs. 28240 (b) Rs. 28540 (c) Rs. 29240
(d) Rs. 29160 (e) None of these
26. Find the ratio of S.I. & C.I. on a certain sum of money at 5% per
annum for 2 years
(a)50 : 51 (b) 40 : 41 (c) 30 : 31
(d) 45 : 46 (e) None the these
27. A sum of money invested at S.I. accured to Rs. 800 in 3 years and to
Rs. 840 in 4 years. The rate of interest per annum is.
1
(a) 2 (b) 4% (c) 5%
2
2
(d) 6 % (e) None of these
3
28. What is difference between C.I. and S.I. of Rs. 12000 on 5% per annum
for 2 years?
(a)35 (b) 25 (c) 30
(d) 40 (e) None of these
29. Find the difference between C.I. & S.I. on Rs. 15000 at 3% per annum
for 3 years?
(a)40.91 (b) 73.91 (c) 39.91
(d) 30 (e) 35
30. Find the difference between C.I. & S.I. on Rs. 13000 at 4% per annum
for 3 years?
(a)Rs. 63.23 (b) Rs. 73.25 (c) Rs. 68.25
(d) Rs. 70.29 (e) Rs. 59.25
Adda247 | No. 1 APP for Banking & SSC Preparation
Website:[Link] | Email:ebooks@[Link]
17
ww
w.
yo
31. A certain sum of money gives Rs. 500 at 5% S.I. for 1 year. What is the

ur
sm
C.I. at the same rate at the end of 2 years?

ah
bo
(a)Rs. 1050 (b) Rs. 1015 (c) Rs. 1035

ob
.w
(d) Rs. 1025 (e) None of these

or
dp
re
32. The difference between the S.I. and C.I. obtained on principal amount

ss
.c
at 5 p.c.p.a. after 2 years is Rs. 35. What is principal amount.

om
(a)Rs. 15000 (b) Rs. 10000 (c) Rs. 14000
(d) Rs. 13000 (e) None of these
33. The C.I. on Rs. 10000 at 20% per annum at the end of 1 year 6 month,
if the interest is calculated half yearly will be
(a)4340 (b) 5320 (c) 3310
(d) 4590 (e) None of these
34. The S.I. is 7200 on 12 p.c.p.a. for 6 years on a sum. What is C.I. on 5
p.c.p.a for 2 years?
(a)Rs. 1020 (b) Rs. 1055 (c) Rs. 1050
(d) Rs. 1025 (e) None of these
35. If the difference between S.I. and C.I. is Rs. 25 on 10000 for 2 years
then what is rate of interest?
(a)6 (b) 4 (c) 5
(d) 3 (e) None of these
36. If the ratio of CI & SI interest for the same principal and rate of interest
for 2 years is 1.2, find the rate of interest.
(a)300% (b) 15% (c) 140%
(d) 3% (e) None of these
37. What is CI on Rs. 7500 for 4 years if the rate of interest is 10% p.a. for
the first 2 year and 20% p.a. for the next 2 year?
(a)Rs. 5273 (b) Rs. 5568 (c) Rs. 5724
(d) Rs. 5325 (e) None of these
38. What will be CI on an amount of Rs. 10000 at the rate of 20 p.c.p.a. in
two years if the interest rate is compounded half yearly?
(a)Rs. 4525 (b) Rs. 4232 (c) Rs. 4641
(d) Rs. 4461 (e) None of these
Adda247 | No. 1 APP for Banking & SSC Preparation
18 Website:[Link] | Email:ebooks@[Link]
ww
w.
yo
39. Find the difference between SI and CI at 12% for 2 year on Rs. 10000.

ur
sm
(a)Rs. 169 (b) Rs. 12 (c) Rs. 144

ah
bo
ob
(d) Rs. 24 (e) None of these

.w
or
40. Find the difference between SI and CI at 14% for 2 years on Rs. 10000.

dp
re
(a)Rs. 144 (b) Rs. 169 (c) Rs. 124

ss
.c
om
(d) Rs. 196 (e) None of these

1. Prabhat took a certain amount as a loan from bank at the rate of 8%


Simple interest per annum and gave the same amount to Ashish as a
loan at the rate of 12% p.a. on S.I. If at the end of 12 yrs, he made a
profit of Rs. 320 in the deal, What was the original amount?
(a)Rs. 500 (b) Rs. 600 (c) Rs. 666.67
(d) Rs. 750.27 (e) None of above
2. What annual instalment will discharge a debt of Rs. 1092 due in 3
years at 12% Simple interest?
(a)Rs. 250 (b) Rs. 275 (c) Rs. 300
(d) Rs. 325 (e) Rs. 350
3. A Man invests a certain sum of money at 6% p.a. Simple interest and
another sum at 7% p.a. Simple interest. His income from interest
after 2 years was Rs. 354. One fourth of the first sum is equal to one
fifth of the second sum. Find the total sum he invested?
(a)Rs. 1500 (b) Rs. 1200 (c) Rs. 2700
(d) Rs. 5400 (e) None of these
4. Mr. Thomas invested an amount of Rs. 13,900 divided in two different
schemes A and B at the simple interest rate of 14% p.a. and 11% p.a.
respectively. If the total amount of simple interest earned in 2 years
be Rs. 3508, what was the amount invested in Scheme B?
(a)Rs. 6400 (b) Rs. 6500 (c) Rs. 7200
(d) Rs. 7500 (e) None of these
5. An automobile financier claims to be lending money at simple interest,
but he includes the interest every six months for calculating the
Adda247 | No. 1 APP for Banking & SSC Preparation
Website:[Link] | Email:ebooks@[Link]
19
ww
w.
yo
principal. If he is charging an interest of 10%, the effective rate of

ur
sm
interest becomes:

ah
bo
(a)10% (b) 10.25% (c) 10.5%

ob
.w
or
(d) 15% (e) None of these

dp
re
6. A sum of Rs. 725 is lent in the beginning of a year at a certain rate of

ss
.c
interest. After 8 months, a sum of Rs. 362.50 more is lent but at the

om
rate twice the former. At the end of the year, Rs. 33.50 is earned as
interest from both the loans. What was the original rate of interest?
(a)3.6% (b) 4.5% (c) 5%
(d) 6% (e) None of these
7. Aditya invest Rs. 50,000 in a fixed deposit at 10% C.I. for 2 years. At
the end of 2 years she put the money in another deposit at 12% S.I. for
3 years. What was the final value of the initial Investment?
(a)Rs. 80000 (b) Rs. 81280 (c) Rs. 82280
(d) Rs. 83280 (e) None of these
8. There is 60% increase in an amount in 6 years at simple interest.
What will be the compound interest of Rs. 12,000 after 3 years at the
same rate?
(a)Rs. 2160 (b) Rs. 3120 (c) Rs. 3972
(d) Rs. 6240 (e) None of these
9. A bank offers 5% compound interest calculated on half-yearly basis.
A customer deposits Rs. 1600 each on 1st January and 1st July of a
year. At the end of the year, the amount he would have gained by
way of interest is:
(a)Rs. 120 (b) Rs. 121 (c) Rs. 122
(d) Rs. 123 (e) None of these
10. Aditya invested certain amount in two different schemes A and B.
Scheme A offer S.I @ 12 p.c.p.a. and scheme B offer C.I. @ 10 p.c.p.a.
Interest accured on the amount invested in scheme A in 2 years was
Rs. 3600 and the total amount invested was Rs. 35000. What was the
interest accured on the amount invested in scheme B?
Adda247 | No. 1 APP for Banking & SSC Preparation
20 Website:[Link] | Email:ebooks@[Link]
ww
w.
yo
(a)Rs. 4500 (b) Rs. 4200 (c) Rs. 4000

ur
sm
(d) Cannot be determine (e) None of these

ah
bo
11. The population of a town in 2009 was 125000. It increase 10% per

ob
.w
year. What is the population after 3 years?

or
dp
(a)166375 (b) 170000 (c) 125000

re
ss
.c
(d) 10000 (e) None of these

om
12. A sum of Rs. 1500 amounts to Rs. 3000 in five years at a certain rate of
simple interest. If the rate of interest is increased by 1% the same sum
in the same time would amount to:
(a)Rs. 3,288 (b) Rs. 3,312 (c) Rs. 3,340
(d) Rs. 3075 (e) None of these
13. Abhinav invested a certain amount at the rate of 8 p.c.p.a. for 5 years
and obtained a SI of Rs. 3800. Had he invested the same amount at
the same interest for 2 years, how much amount would she have
obtained as CI at the end of 2 years?
(a)Rs. 1520 (b) Rs. 1550.5 (c) Rs. 1550
(d) Rs. 1580.8 (e) None of these
14. Nutan borrowed some money at rate of 4 p.c.p.a. for the first three
year, at the rate of 8 p.c.p.a. for the next 2 years and at the rate of 9
p.c.p.a. for the period beyond 5 years. If she pay a total SI of Rs. 19550
at the end of 7 years. How much money did she borrow?
(a)Rs. 41500 (b) Rs. 42500 (c) Rs. 39500
(d) Rs. 40500 (e) None of these
15. Girish invested some money in a bank. After eight years his amount
became triple. How many times of the original sum will the money
become in 20 years at Simple Interest?
(a)5 times (b) 6 times (c) 7 times
(d) 8 times (e) None of these
16. Ram divided 2189 in three parts such that interest on them after 1, 2
and 3 years respectively be equal. The rate of SI is 4% per annum in
all cases. The smallest part is
(a)Rs. 702 (b) Rs. 398 (c) Rs. 425
(d) Rs. 756 (e) Rs. 1093
Adda247 | No. 1 APP for Banking & SSC Preparation
Website:[Link] | Email:ebooks@[Link]
21
ww
w.
yo
17. Ravi invested a total amount of Rs. 65000 in three different schemes

ur
sm
A, B, C with rate of interest 12 p.c.p.a., 16 p.c.p.a. and 18 p.c.p.a.

ah
bo
respectively and earned a total interest of Rs. 10,180 in one year. If

ob
.w
the amount invested in A is 72% of the amount invested in C then

or
dp
what was the amount invested in scheme B.

re
ss
.c
(a)Rs. 15000 (b) Rs. 25000 (c) Rs. 22000

om
(d) Rs. 18000 (e) cannot determine
18. The population of Mumbai increase 5% per annum. It’s population
was 100000 in 2004. What was it’s population after 3 year?
(a)115760 (b) 123575 (c) 132557
(d) 11000 (e) None of these
19. Which of the statement given below are sufficient to answer the
following question.
What is the rate of interest p.c.p.a. on the amount of Rs. 15000 taking
loan?
(1)The difference between C.I. & S.I. is Rs. 170
(2)The S.I. of 2 years is Rs. 2500
(a)Only I (b) Only II
(c) Either I or II (d)neither I or II
(e)both I and II together
20. Which of the statement given below are sufficient to answer the
following question.
What is the rate of interest per annum on an investment of Rs. 800?
(1)The income from S.I. at the end of 3 years at the same rate of
interest is 19
(2)C.I. is 15.76 more than S.I. on same sum & same rate in 2 years
(a)Only I (b) Only II (c) Either I or II
(d) neither I nor II (e) Both I and II together
21. Which information given below is sufficient to know the amount if
the difference between the C.I. & S.I. for 2 years is 18?
(1)The rate is same at which an amount of Rs. 1000 become 1120 for
2 years in S.I.
Adda247 | No. 1 APP for Banking & SSC Preparation
22 Website:[Link] | Email:ebooks@[Link]
ww
w.
yo
(2)The principal given is Rs. 2000.

ur
sm
(a)Only I (b) Only II (c) Either I or II

ah
bo
(d) Neither I nor II (e) Both I and II together

ob
.w
22. A sum of Rs. 1521 is lent out in two parts in such a way that the

or
dp
re
simple interest on one part at 10% for 5 yr is equal to that of another

ss
.c
part at 8% for 10 yr. What will be the two parts of sum?

om
(a)Rs. 926 and Rs. 595 (b) Rs. 906 and Rs. 615
(c) Rs. 916 and Rs. 605 (d)Rs. 936 and Rs. 585
(e)None of the above
23. Rashmi lent Rs. 600 to Geeta for 2 yr and Rs. 150 to Seeta for 4 yr at
same rate of interest and received altogether Rs. 80 as simple interest
from both. Find the rate of interest.
4 4 4
(a) 3 % (b) 2 % (c) 5 %
9 9 9
4
(d) 4 % (e) None the these
9
24. Hemant makes a fixed deposit of Rs. 20000 in Bank of India for a
period of 3 yr. If the rate of interest be 13% SI per annum charged
half-yearly, what amount will he get after 42 months?
(a)Rs. 27800 (b) Rs. 28100 (c) Rs. 29100
(d) Rs. 30000 (e)None of these
25. Gaurav borrowed Rs. 800 at 6% and Naresh borrowed Rs. 600 at 10%.
After how much time, will they both have equal debts?
1 1 1
(a) 15 yr (b) 14 yr (c) 18 yr
3 2 3
2
(d) 16 yr (e) None of these
3
26. What annual payment will discharge a debt of Rs. 1092 due in 2 yr at
12% simple interest?
(a)Rs. 725 (b) Rs. 325 (c) Rs. 515
(d) Rs. 900 (e) Rs. 400
Adda247 | No. 1 APP for Banking & SSC Preparation
Website:[Link] | Email:ebooks@[Link]
23
ww
w.
yo
27. The annual payment of Rs. 160 in 5 yr at 5% per annum simple interest

ur
sm
will discharge a debt of

ah
bo
(a)Rs. 980 (b) Rs. 880 (c) Rs. 440

ob
.w
or
(d) Rs. 220 (e) None of the above

dp
re
28. The population of a city increase at the rate of 5% pa. If the present

ss
.c
population of the city is 370440, then what was its population 3 yr

om
ago?
(a)3 lakh (b) 3.2 lakh (c) 3.4 lakh
(d) 3.6 lakh (e) None of these
29. The population of a particular area of a city is 5000. It increases by
10% in 1st yr. It decreases by 20% in the 2nd yr because of some
reason. In the 3rd yr, the population increases by 30%. What will be
the population of area at the end of 3 years?
(a)5120 (b) 5300 (c) 5400
(d) 5620 (e) None of these
30. The cost price of a car is Rs. 400000. If its price decreases by 10%
every year, then what will be the cost of car after 3 years?
(a)Rs. 3,00,000 (b) Rs. 2,91,700 (c) Rs. 2,91,600
(d) Rs. 2,50,000 (e) None of these
31. Suneeta borrowed certain sum from Reena for 2 yr at simple interest.
Suneeta lent this sum to Venu at the same rate for 2 yr at compound
interest. At the end of 2 yr, she received Rs. 110 as compound interest
but paid Rs. 100 as simple interest. Find the sum and the rate of
interest?
(a)Rs. 250, rate 10% pa (b) Rs. 250, rate 20% pa
(c) Rs. 250, rate 25% pa (d)Rs. 250, rate 30% pa
(e)None of these
32. Find the least number of complete years in which a sum of money
put out at 20% compound interest will be more than double?
(a)3 yr (b) 4 yr (c) 5 yr
(d) 8 yr (e) None of these
Adda247 | No. 1 APP for Banking & SSC Preparation
24 Website:[Link] | Email:ebooks@[Link]
ww
w.
yo
33. The population of a country is 10 crore and it is the possibility that

ur
sm
the population will become 13.31 crore in 3 years. What will be the

ah
bo
annual rate per cent of this growth?

ob
.w
(a)8% (b) 12.7% (c) 10%

or
dp
re
(d) 15% (e)None of these

ss
.c
34. Income of Hemant was Rs. 4000. In the first 2 years, his income

om
decreased by 10% and 5% respectively but in the third year, the income
increased by 15%. What was his income at the end of third year?
(a)Rs. 3933 (b) Rs. 4000 (c) Rs. 3500
(d) Rs. 3540 (e)None of the above
35. A man borrows Rs. 5100 to be paid back with compound interest at
the rate of 4% pa by the end of 2 years in two equal yearly instalments.
How much will be each instalment?
(a)Rs. 2704 (b) Rs. 2800 (c) Rs. 3000 (d)
Rs. 2500 (e) None of above
36. Divide Rs. 2602 between X and Y, so that the amount of X after 7 yr
is equal to the amount of Y after 9 yr, the interest being compounded
at 4% pa.
(a)Rs. 1352, Rs. 1250 (b) Rs. 1400, Rs. 1350
(c) Rs. 1215, Rs. 1300 (d)Rs. 1500, Rs. 1450
(e)None of these
37. If Rs. 3000 amounts to Rs. 4320 at compound interest in a certain
time, then Rs. 3000 amount to what in half of the time?
(a)Rs. 3400 (b) Rs. 3600 (c) Rs. 38000
(d) Rs. 3520 (e)None of these
38. A sum of money lent at compound interest for 2 yr at 20% pa would
fetch Rs. 964 more, if the interest was payable half-yearly than if it
was payable annually. What is the sum?
(a)Rs. 40000 (b) Rs. 60000 (c) Rs. 90000
(d) Rs. 500000 (e)None of the above
39. A sum of Rs. 8448 is to be divided between X and Y who are
respectively 18 and 19 yr old, in such a way that if their shares be
Adda247 | No. 1 APP for Banking & SSC Preparation
Website:[Link] | Email:ebooks@[Link]
25
ww
w.
yo
invested at 6.25% per annum at compound interest, they will receive

ur
sm
equal amounts on attaining the age of 21 yr. The present share of X is

ah
bo
(a)Rs. 4225 (b) Rs. 4352 (c) Rs. 4096

ob
.w
(d) Rs. 4000 (e) None of these

or
dp
re
40. During the first year, the population of a village is increased by 5%

ss
.c
and in second year it is diminished by 5%. At the end of the second

om
year, its population was 47880. What was the population at the
beginning of the first year?
(a)45500 (b) 48000 (c) 43500
(d) 53000 (e) None of these

1. According to a census report, the population growth rate of Faridabad


is going to be an increasing A.P. with first year’s rate as 5% and
common difference as 5%, but simultaneously the migration rate is
an increasing G.P. with first term as 1% and common ratio of 2. If
population on 31 December 2010 is 1 million, then find in which year
will Faridabad witness its first fall in population?
(a)2016 (b) 2014 (c) 2013
(d) 2019 (e) None of these
2. Monica deposited a total of Rs. 10500 with a bank in two different
deposit schemes at 10% p.a., interest being compounded annually.
As per the schemes, she gets the same amount after 2 years on the
first deposit as she gets after 3 years on the second deposit. How
much money did she deposit for 3 years?
(a)Rs. 4500 (b) Rs. 5000 (c) Rs. 6500
(d) Rs. 7200 (e) None of these
3. A sum of money invested at simple interest for two years at 5% p.a.
amounted to Rs. 2750. The rate at which the sum should have been
invested to get Rs. 300 as interest after two years would be?
(a)6% (b) 6.9% (c) 7.6%
(d) 8.1% (e) None of these
Adda247 | No. 1 APP for Banking & SSC Preparation
26 Website:[Link] | Email:ebooks@[Link]
ww
w.
yo
38. The compound interest on a certain sum for 2 years at 12% per annum,

ur
sm
compounded annually is Rs. 1272. The simple interest for that sum at

ah
bo
the same rate and for the same period will be?

ob
.w
(a)Rs. 1296 (b) Rs. 1196 (c) Rs. 1220

or
dp
re
(d) Rs. 1200 (e) None of these

ss
.c
39. An amount of money at compound interest grows up to Rs. 3840 in 4

om
years and up to Rs. 3936 in 5 years. Find the rate of interest?
(a)2.5% (b) 2% (c) 3.5%
(d) 2.05% (e) None of these
40. The difference between the simple and compound interest on a
certain sum of money for 2 years at 4% per annum is Rs. 4. Find the
sum?
(a)Rs. 2500 (b) Rs. 2400 (c) Rs. 2600
(d) Rs. 2000 (e) None of these

PRT 800 ´ 5 ´ 3
1. (a); SI = = = Rs. 120
100 100
SI ´ 100 120 ´ 100
2. (c); T = = = 2 years
PR 600 ´ 10
SI ´ 100 4500 ´ 100
3. (d); R = = = 6%
PT 15000 ´ 5
4. (a); Total SI difference = 1400 – 1100 = Rs. 300
Total Time = 6 – 2 = 4 years
300
SI = = Rs. 75
4
For 2 year SI = 75 × 2 = Rs. 150
So, P = 1100 – 150 = Rs. 950
75 17
R= ´ 100 = 7 %
950 19
Adda247 | No. 1 APP for Banking & SSC Preparation
Website:[Link] | Email:ebooks@[Link]
37
ww
w.
yo
ur
éæ R ö
n
ù éæ 12 ö
2
ù

sm
5. (b); CI = P êç 1 + ÷ø - 1ú = 17500 êçè 1 + ÷ø - 1ú = Rs. 4452

ah
bo
ëê è 100 úû ëê 100 úû

ob
.w
or
dp
éæ n
ù

re
R ö

ss
6. (c); CI = P êç 1 + ÷ø - 1ú

.c
êë è 100 úû

om
Here,P = Rs. 12000, R = 9% p.a, n = 3 years
éæ 109 ö 3 ù
= 12000 êç ÷ø - 1 ú = Rs. 3540 (Appx.)
è
ëê 100 ûú

éæ R ö
n
ù éæ 5 ö
3
ù
7. (d); CI = P êç 1 +
è ÷ø - 1ú = 4800 êçè 1 + ÷ø - 1ú = Rs. 756.6
êë 100 úû êë 100 úû

éæ n
ù éæ 12 ö
2
ù
R ö = 12500 êç 1 + - 1 ú = Rs. 3180
8. (a); CI = P êç 1 + ÷ - 1ú è ÷ø
ëê 100 ûú
êëè 100 ø úû

PR 2
9. (a); Difference between CI and SI for 2 years =
100 2

10000 ´ R 2
64 = Þ R2 = 64 Þ R = 8%
100 ´ 100

PR 2
10. (a); Difference between CI and SI for 2 years =
100 2
P ´ 16
Þ =1 Þ P = Rs. 625
100 2
11. (e); Because amount compound quarterly
rate
So, Year = year × 4, Rate =
4
Adda247 | No. 1 APP for Banking & SSC Preparation
38 Website:[Link] | Email:ebooks@[Link]
ww
w.
yo
9 8

ur
\ year = ´ 4 = 3 years , rate = = 2%

sm
ah
12 4

bo
ob
éæ 3
ù

.w
2 ö

or
\ CI = 12500 êç 1 + ÷ø - 1 ú = Rs. 765

dp
ëê è 100 ûú

re
ss
.c
12. (b); Because the amount is compounded half–yearly

om
rate
So, year = year × 2, rate =
2
\ year = 2 years, rate = 10%
éæ R ö
n
ù éæ 10 ö
2
ù
Þ CI = P êç 1 + ÷ø - 1ú = 32000 êçè 1 + ÷ø - 1ú = Rs. 6720
êë è 100 úû êë 100 úû
PR 2
13. (e); Difference between CI and SI for 2 years =
100 2
700 ´ 5 ´ 5
= = Rs. 1.75
100 ´ 100
PR 2
14. (c); Difference between CI and SI for 2 years =
100 2
25
Here, Difference = Rs. 10, R = % per annum
4
2
é 25 ù
Þ 10 = P ´ ê Þ P = Rs. 2560
ë 4 ´ 100 úû
15. (b); Here, amount = 2P (Where P = Principal)
100 ´ SI P ´ 100
Hence, SI = P, Rate = = = 12.5%
P´T P´8
P´R´T
16. (b); Amount = P +
100
P ´ 2 ´ 10
450 = P + Þ P = Rs. 375
100
Adda247 | No. 1 APP for Banking & SSC Preparation
Website:[Link] | Email:ebooks@[Link]
39
ww
w.
yo
ur
P´R´T 22400 ´ 12 ´ 7

sm
17. (b); Amount = P + = 22400 + = Rs. 41216

ah
100 100

bo
ob
.w
P´R´T

or
18. (b); Amount = P +

dp
re
100

ss
.c
om
7000 ´ 5 ´ T
10500 = 7000 + Þ T = 10 years
100
PRT P´9´5
19. (d); SI = Þ 4016.25 = Þ P = Rs. 8925
100 100
20. (c); Year = 2 years,
10
R= = 5% [Q CI is compounded half-yearly]
2
PR 2
Difference between CI and SI for 2 years =
100 2
P ´ 25
25 = ; P = Rs. 10000
100 ´ 100
PR 2
21. (b); Difference between CI and SI for 2 years =
100 2

2000 ´ R 2
12.8 = Þ R = 8% per annum
( 100) 2

22. (c); Here, Amount = Principal + SI


Now, since amount is given as 2P, hence SI must be equal to P
P´R´6
Þ P= [Using SI formula]
100
50
Þ R= % per annum
3
Now, Amount = 4P (Need to find)
Adda247 | No. 1 APP for Banking & SSC Preparation
40 Website:[Link] | Email:ebooks@[Link]
ww
w.
yo
Hence, SI = 3P

ur
sm
ah
50

bo
P´ ´T

ob
3 50

.w
3P = Þ 300 = ´T or T = 18 years

or
100 3

dp
re
ss
23. (d); Let the sum of money be Rs. 100

.c
om
3 years 3 years
Rs. 100 ¾¾¾® Rs. 200 ¾¾¾® Rs. 400
Here, Rs. 100 becomes 4 times i.e. Rs. 400 in total 6 years
24. (d); Let amount be 100
25
Then 100 ´ = Rs. 625 (Final amount)
4

éæ r ö ù
2

So, 625 = 100 êç 1 + ÷ ú


êëè 100 ø úû

25 æ 100 + r ö 5 100 + r
Þ =ç ÷Þ = Þ r = 150%
10 è 100 ø 2 100

éæ R ö ù
2

25. (d); Here, Amount = P êç 1 + ÷ø ú


êë è 100 úû

éæ 8 ö ù
2

= 25000 êç 1 + ÷ø ú
êë è 100 úû

éæ 27 ö 2 ù
= 25000 êç ÷ ú = Rs. 29160
ëêè 25 ø ûú
P´R´T
SI 100
26. (b); Here, =
CI éæ R ö
2
ù
P êç 1 + ÷ - 1 ú
êëè 100 ø úû

Adda247 | No. 1 APP for Banking & SSC Preparation


Website:[Link] | Email:ebooks@[Link]
41
ww
w.
yo
100 ´ 5 ´ 2

ur
10

sm
ah
= 100 = 100 = 40 : 41

bo
ob
éæ 5 ö
2
ù 41

.w
100 êç 1 + ÷ø - 1ú 400

or
è

dp
êë 100 úû

re
ss
27. (c); SI becomes Rs. 800 in 3 years and becomes Rs. 840 in 4 years

.c
om
Þ Hence, SI of 1 year = Rs. (840 – 800) = Rs. 40
40 ´ 100
Þ Rate = [Here, P = Rs. 800] = 5% per annum
800 ´ 1
28. (c); Here, difference between SI and CI for 2 years
12000 ´ ( 5)
2
PR 2
= = = Rs. 30
( 100) 2
( 100) 2

29. (a); Difference between CI and SI for 3 years


PR 2 ( 300 + R )
Þ Difference =
( 100) 3

=
( 15000)( 3) ( 303)
2

= Rs. 40.91 (appx.)


( 100) 3

30. (a); The difference between CI and SI for 3 years


PR 2 ( 300 + R )
Þ Difference =
( 100) 3
13000 ´ ( 4) ( 304)
2

= = Rs. 63.23 (appx.)


( 100) 3

SI ´ 100 500 ´ 100


31. (d); Principal = = = Rs. 10000
Rate ´ Time 5´1
éæ 5 ö
2
ù
Þ Now CI at 5% rate = 10000 êç 1 + ÷ - 1 ú = Rs. 1025
êëè 100 ø úû
Adda247 | No. 1 APP for Banking & SSC Preparation
42 Website:[Link] | Email:ebooks@[Link]
ww
w.
yo
ur
PR 2

sm
32. (c); Difference between CI and SI for 2 years =

ah
100 2

bo
ob
P ( 5)
2

.w
or
Þ 35 = Þ P = Rs. 14000

dp
( 100) 2

re
ss
.c
om
20 3
33. (c); Rate = = 10% , Time = ´ 2 = 3 years
2 2
[\ CI is calculated half yearly]
éæ 10 ö
3
ù éæ 11 ö 3 ù
CI = 10000 êç 1 + ÷ - 1 ú = 10000 êç ÷ - 1ú = Rs. 3310
ëêè 100 ø ûú êëè 10 ø úû
SI ´ 100 7200 ´ 100
34. (d); P = = = Rs. 10000
R´T 12 ´ 6
éæ R ö
2
ù éæ 5 ö
2
ù
Þ CI = P êç 1 + ÷ø - 1ú = 10000 êçè 1 + ÷ø - 1ú = Rs. 1025
êë è 100 úû êë 100 úû

PR 2
35. (c); Difference between CI and SI for 2 years =
( 100) 2

Þ 25 =
( 10000 ) R 2
Þ R = 5% per annum
( 100 ) 2
éæ R ö
2
ù
36. (e); Here, CI = P êç 1 + ÷ø - 1 ú
ëê è 100 úû
éæ R2 2R ö ù PR R
= P êç 1 + é ù
+ ÷ - 1ú = + 2
êëè ( 100) 100 ø úû 100 êë 100 úû
2

PR é R + 200 ù
P´2´R CI 100 êë 100 úû
Þ SI = Þ = 1.2 =
100 SI 2PR
100
Adda247 | No. 1 APP for Banking & SSC Preparation
Website:[Link] | Email:ebooks@[Link]
43
ww
w.
yo
ur
CI 200 + R 200 + R

sm
Þ = Þ 1.2 = Þ R = 40%

ah
SI 200 200

bo
ob
.w
or
éæ 2
10 ö æ 20 ö
2
ù

dp
37. (b); CI = 7500 êç 1 + ÷ø ´ çè 1 + ÷ø - 1ú

re
è 100 100

ss
êë úû

.c
om
[Here, R = 10% per annum for first 2 years and R = 20% per annum
for next 2 years]
éæ 11 ö 2 æ 12 ö 2 ù
= 7500 êç ÷ ´ ç ÷ - 1ú = 5568
ëêè 10 ø è 10 ø ûú
38. (c); Here, the amount is compounded half-yearly
R
Hence, Rate = % = 10% per annum
2
Time = 2T = 2 × 2 = 4 years
éæ R ö
n
ù
Þ CI = P êç 1 + ÷ø - 1ú
êë è 100 úû

éæ 10 ö
4
ù
= 10000 êç 1 + ÷ø - 1ú = Rs. 4641
ëê è 100 úû

PR 2
39. (c); Difference between SI and CI for 2 years =
( 100) 2
( 10000 )( 12 )
2

Þ Difference = = Rs. 144


( )
100
2

Pr 2
40. (d); Difference between SI and CI for 2 years =
100 2
10000 ´ 14 2
Difference = = Rs. 196
10000

Adda247 | No. 1 APP for Banking & SSC Preparation


44 Website:[Link] | Email:ebooks@[Link]
ww
w.
yo
ur
sm
ah
bo
1. (c); Let the original amount be Rs. P.

ob
.w
T = 12, R1 = 8%, R2 = 12%, Profit = 320

or
dp
re
P ´ T ´ R2 P ´ T ´ R1

ss
- = 320

.c
100 100

om
P ´ 12 ´ 12 P ´ 8 ´ 12
- = 320
100 100
2000
P=
3
P = Rs. 666.67
2. (d); Let each instalment be Rs. A
100P
A=
RT ( T - 1 )
100T +
2
100 ´ 1092
=
100 ´ 3 + 36
= Rs. 325
3. (c); Let the sums be A and B
R1 = 6, R2 = 7, T = 2
P1 ´ R 1 ´ T P2 ´ R 2 ´ T
+ = 354
100 100
A´6´2 B´7 ´2
Þ + = 354 Þ 6A + 7B = 17700
100 100
also one fourth of the first sum is equal to one fifth of the second
sum
A B
= = 5A - 4B = 0
4 5
By solving the equations we get,
A = 1200, B = 1500
Total sum = Rs. (1200 + 1500) = Rs. 2700
Adda247 | No. 1 APP for Banking & SSC Preparation
46 Website:[Link] | Email:ebooks@[Link]
ww
w.
yo
4. (a); Let 14% amount = Rs. x

ur
sm
11% amount = Rs. (13900 – x)

ah
bo
x ´ 2 ´ 14 ( 13900 - x ) ´ 11 ´ 2

ob
.w
+ = 3508

or
100 100

dp
re
6x = 350800 – 13900 × 22 Þ x = 7500

ss
.c
Scheme B = 13900 – 7500 = Rs. 6400

om
5. (b); Let the sum be Rs. 100 and interest is calculated half-yearly.
10
Þ Then, Rate = = 5% , Time = 2 years
2
5´5
Effective rate of interest = 5 + 5 + = 10.25%
100
6. (e); Let the original rate = R%
New rate = (2R)%
725 ´ R ´ 1 362.50 ´ 2R ´ 1
+ = 33.50
100 3 ´ 100
Þ (2175 + 725) R = 33.50 × 100 × 3
Þ (2900) R = 10050 Þ R = 3.46%
7. (c); CI for first 2 years
éæ 10 ö
2
ù
= 50000 êç 1 + ÷ø - 1ú = Rs. 10500
êë è 100 úû
Amount = P + CI = 50000 + 10500 = Rs. 60500
P ´ R ´ T 60500 ´ 12 ´ 3
SI = = = Rs. 21780
100 100
Total amount = Rs. 82280
60
8. (c); Let P = 100, A = 100 ´ + 100 = Rs. 160
100
60 ´ 100
I = 160 – 100 = Rs. 60, R = = 10%
100 ´ 6
331
CI = ´ 12000 = Rs. 3972
1000
Adda247 | No. 1 APP for Banking & SSC Preparation
Website:[Link] | Email:ebooks@[Link]
47
ww
w.
yo
9. (b); Here, CI is calculated on half-yearly basis

ur
sm
Hence, Amount would be defined as:

ah
bo
ob
.w
é æ 5 ö
2
æ 5 öù

or
A = ê 1600 ç 1 + ÷ø + 1600 çè 1 + ÷ø ú

dp
è ´ ´

re
êë 2 100 2 100 úû

ss
.c
om
æ Rate 5 ö
çè Where Rate = = %÷
2 2 ø

é 41 æ 41 ö ù
A = Rs. ê1600 ´ ç + 1÷ ú = Rs. 3321
ë 40 è 40 øû
CI = A – P = Rs. (3321 – 3200) = Rs. 121

10. (b); Let the money in first installment = Rs. x


Second installment = Rs. (35000 – x)
The principal is defined as:
3600 ´ 100
Þ P= = Rs. 15000 (Using SI in scheme A)
12 ´ 2
The money in first installment = Rs. x = Rs. 15000
Scheme B = Rs. (35000 – 15000) = Rs. 20000
éæ R ö
2
ù
Þ CI = P êç 1 + ÷ø - 1ú
êë è 100 úû

éæ 10 ö
2
ù
= 20000 êç 1 + ÷ø - 1 ú = Rs. 4200
êë è 100 úû
11. (a); Let population P be 100
+ 10%­ + 10%­ + 10%­
100 ¾¾¾® 110 ¾¾¾® 121 ¾¾¾® 133.1
For P = 100, increase in 3 years = 133.1
Adda247 | No. 1 APP for Banking & SSC Preparation
48 Website:[Link] | Email:ebooks@[Link]
ww
w.
yo
For P = 125000, increase in 3 years

ur
sm
ah
133.1

bo
= ´ 125000 = 166375

ob
100

.w
or
dp
12. (d); Here, diference = SI = 3000 – 1500 = Rs. 1500

re
ss
.c
1500 ´ 100

om
Þ Rate = = 20%, (P = Rs. 1500)
1500 ´ 5

Þ Now, Rate of interest = (20 + 1)% = 21%


1500 ´ 5 ´ 21
Þ Hence, new SI = = Rs. 1575
100
Þ Amount = Principal + SI
= Rs. [1500 + 1575] = Rs. 3075
3800 ´ 100
13. (d); Principal = = Rs. 9500
8´5

éæ R ö
n
ù
Þ CI = P êç 1 + ÷ø - 1ú
êë è 100 úû

éæ 8 ö
2
ù
= 9500 êç 1 + ÷ø - 1ú = Rs. 1580.8
êë è 100 úû
14. (b); Total SI = Rs. 19550
P ´ R 1 ´ T1 P ´ R 2 ´ T2 P ´ R 3 ´ T3
19550 = + +
100 100 100

é4´ 3 8´ 2 9´ 2ù
19550 = P ê + +
ë 100 100 100 úû

é 12 16 18 ù
19550 = P ê + + ú Þ P = Rs. 42500
ë 100 100 100 û
Adda247 | No. 1 APP for Banking & SSC Preparation
Website:[Link] | Email:ebooks@[Link]
49
ww
w.
yo
15. (b); Let his money be 100 Rs.

ur
sm
After eight year it becomes 300

ah
bo
\ interest = 200

ob
.w
or
200 ´ 100

dp
So, Rate = = 25%

re
ss
100 ´ 8

.c
om
100 ´ 25 ´ 20
In 20 year, SI = = 500
100
So, amount = 500 + 100 = Rs. 600
Hence, from Rs. 100 to Rs. 600, it becomes 6 times
16. (b); Let amount be a, b, c respectively then,
a´ 4´1 b´ 4´2 c´ 4´3
= =
100 100 100
Þ a = 2b = 3c = 6K(let)
\ a = 6K, b = 3K, c = 2K
so the parts are in ratio is [Link]
2189
\ Smallest part = ´ 2 = 199 ´ 2 = Rs. 398
11
17. (c); Suppose amount invested in scheme A = x
Suppose amount invested in scheme B = y
Suppose amount invested in scheme C = z
\ x + y + z = 65000 ...(i)
From question
18
x = 72% of z = z ...(ii)
25
So, 12x + 16y + 18z = 1018000
Þ 6x + 8y + 9z = 509000 ...(iii)
From (i), (ii) and (iii) get
43
z + y = 65000 ...(iv)
25
Adda247 | No. 1 APP for Banking & SSC Preparation
50 Website:[Link] | Email:ebooks@[Link]
ww
w.
yo
108

ur
z + 8y + 9z = 509000

sm
ah
25

bo
ob
333

.w
Þ z + 8y = 509000 ...(v)

or
dp
25

re
ss
344

.c
From (iv) we have z + 8y = 520000 ...(vi)

om
5
11
\ (vi) – (v) Þ z = 11000
5
\ 11z = Rs. 275000, z = Rs. 25000
\ y = Rs. 22000
18. (a); Here, Population P = 100000
5%­ 5%­ 5%­
100000 ¾¾® 105000 ¾¾® 110250 ¾¾® 115762.5
(2004) (2005) (2006) (2007)
Hence Population after 3 years is almost 115760
19. (c); This question can be solved either using statement (1) or (2)
In statement (1), it is simple formula of difference
PR 2
=
( 100) 2
In statement (2), it is simple formula of SI
20. (c); This question can be solved either using statement (1) or (2)
In statement (1), we can apply formula of SI in statement (2), we
PR 2
need to determine difference formula of =
( 100 ) 2
21. (e); We can solve this question using both information together.
Because, in statement I, we can find rate of interest and in
statement II, we know the Principal.
22. (d); Given, T1 = 5 yr, R1 = 10% and
T2 = 10 yr and R2 = 8%
Let the first part = x
Adda247 | No. 1 APP for Banking & SSC Preparation
Website:[Link] | Email:ebooks@[Link]
51
ww
w.
yo
Then, second part = (1521 – x)

ur
sm
Now, according to the question,

ah
bo
x ´ 5 ´ 10 ( 1521 - x) ´ 10 ´ 8

ob
.w
=

or
dp
100 100

re
ss
Þ 5x = 12168 – 8x Þ 13x = 12168, x = Rs. 936

.c
om
and second part = 1521 – 936 = Rs. 585
23. (d); Given, T1 = 2 years and T2 = 4 years,
P1 = Rs. 600, P2 = Rs. 150 and SI1 + SI2 = Rs. 80
According to the question,
600 ´ R ´ 2 150 ´ R ´ 4
+ = 80
100 100
Þ 120R + 60R = 800 Þ 180R = 800
800 80 40 4
\ R= = = =4 %
180 18 9 9
24. (c); Given, time = 42 months
42 1
Þ years = 3 years
12 2
7 13
Þ ´ 2 = 7 half-yr, rate = % half-yearly
2 2
20000 ´ 13 ´ 7
SI = = Rs. 9100
100 ´ 2
\ Amount (A) = 20000 + 9100 = Rs. 29100
25. (d); Given, R1 = 6%, R2 = 10%
According to the question,
800 ´ 6 ´ T 600 ´ 10 ´ T
800 + = 600 +
100 100
800 + 48T = 600 + 60T Þ 12T = 200 Þ 3T = 50
50 2
\ T= = 16 years
3 3
Adda247 | No. 1 APP for Banking & SSC Preparation
52 Website:[Link] | Email:ebooks@[Link]
ww
w.
yo
26. (c); According to the formula,

ur
sm
ah
100P

bo
Annual payment =
R T ( T - 1)

ob
.w
100T +

or
2

dp
re
ss
1092 ´ 100 1092 ´ 100

.c
= =

om
24 ( 2 - 1) 212
100 ´ 2 +
2
= Rs. 515.09 » Rs. 515
27. (b); Given, annual payment = Rs. 160
R = 5%, T = 5 years, debt (P) = ?
According to the formula,
100P
Annual payment =
R T ( T - 1)
100T +
2
100P 100P
Þ 160 = Þ 160 =
5´ 4´5 550
5 ´ 100 +
2
550 ´ 160
\ P= = 55 ´ 16 = Rs. 880
100
28. (b); Given that, P = 370440, R = 5% and n = 3 years
According to the formula,
P
Population n years ago = n
æ R ö
çè 1 + ÷
100 ø
370440 370440
Population 3 years ago = 3
= 3
æ 5 ö æ 21 ö
çè 1 + ÷ çè ÷ø
100 ø 20
370440 ´ 20 ´ 20 ´ 20 370440 ´ 8000
= = = 40 × 8000 = 320000
21 ´ 21 ´ 21 9261
Adda247 | No. 1 APP for Banking & SSC Preparation
Website:[Link] | Email:ebooks@[Link]
53
ww
w.
yo
29. (e); Population of particular area P of a city = 5000

ur
sm
In 1st year population got increased by 10%

ah
bo
\ Population P1 = 5000 + 10% of 5000 = 5500

ob
.w
In 2nd year population decreased by 20%

or
dp
\ Population P2 = 5500 – 20% of 5500

re
ss
.c
om
20
= 5500 - × 5500 = 4400
100
In 3rd year population increased by 30%
Population P3 = 4400 + 30% of 4400
30
= 4400 + × 4400 = 5720
100
30. (c); Given that cost of a car, P = Rs. 400000
Þ Decreasing rate = 10%, year = 3 years
3
æ R ö
Þ Price of car after 3 years = P ç 1 - ÷
è 100 ø
3
æ 10 ö 9 9 9
= 400000 ç 1 - ÷ = 400000 ´ ´ ´ = Rs. 291600
è 100 ø 10 10 10
31. (b); Let the sum borrowed be Rs. P
Rate of interest = R%
CI = Rs. 110, SI = Rs. 100, Time (t) = 2 years
CI – SI = 110 – 100 = 10
PR 2 PR 2
Þ Difference = Þ 10 = ...(i)
( 100) 2
( 100) 2

SI ´ R 100 ´ R
Þ Difference = Þ 10 = ; R = 20% ...(ii)
200 200
Put value (ii) in (i)

P ( 20)
2

Þ 10 = ; P = Rs. 250
( 100) 2

Adda247 | No. 1 APP for Banking & SSC Preparation


54 Website:[Link] | Email:ebooks@[Link]
ww
w.
yo
32. (b); Let the sum be Rs. P

ur
sm
According to given question:

ah
bo
ob
n n

.w
æ R ö æ 20 ö

or
Þ Pç1+ ÷ > 2P Þ P ç 1 + ÷ø > 2P

dp
è 100 ø è 100

re
ss
.c
om
n
æ 6ö
Þ ç ÷ > 2 By hit and tril method, n > 4 years
è 5ø
33. (c); Given, P = 10 crore
and population after 3 years = 13.31 crore
According to the formula,
n
æ R ö
Population after n year = P ç 1 + ÷
è 100 ø
3 3
æ R ö 1331 æ R ö
Þ 13.31 = 10 çè 1 + ÷ Þ = ç 1 + ÷
100 ø 1000 è 100 ø
3 3
æ 11 ö æ R ö R 11
Þ çè ÷ø = çè 1 + ÷ Þ 1+ =
10 100 ø 100 10
R 11 1
Þ = -1= \ R = 10%
100 10 10
34. (a); Initial income of Hemant, P = Rs. 4000
Let r1(rate of decrease) = 10%,
r2(rate of decrease) = 5%, r3(rate of growth) = 15%
So, Net final
æ r1 ö æ r2 ö æ r3 ö
Income = P ç 1 - 1 - 1 +
è 100 ÷ø çè 100 ÷ø çè 100 ÷ø
æ 10 ö æ 5 öæ 15 ö
= 4000 çè 1 - ÷ç 1 - ÷ç 1 + ÷
100 ø è 100 ø è 100 ø
9 19 23
= 4000 ´ ´ ´ = Rs. 3933
10 20 20
Adda247 | No. 1 APP for Banking & SSC Preparation
Website:[Link] | Email:ebooks@[Link]
55
ww
w.
yo
35. (a); Let the installment in each part be Rs. P

ur
sm
According to question:

ah
bo
ob
P P

.w
Þ + = Rs. 5100

or
dp
2
æ R ö æ R ö

re
çè 1 + ÷ çè 1 + ÷

ss
100 ø 100 ø

.c
om
P P
Þ + 2
= 5100
æ 4 ö æ 4 ö
çè 1 + ÷ çè 1 + ÷
100 ø 100 ø

25P 625
+ P = 5100 Þ 1275P = 5100 × 676
26 676
5100 ´ 676
P= = Rs. 2704
1275
36. (a); Let the first part be Rs. a
Second part Rs. (2602 – a)
According to question:
Amount after 7 years = Amount after 9 years
7 9
æ r ö æ r ö
Þ a çè 1 + ÷ø = ( 2602 - a) çè 1 + ÷
100 100 ø
2
a æ 4 ö
Þ = ç1+
( 2602 - a) è 100 ÷ø
a 26 26 676
Þ 2602 - a 25 ´ 25 = 625
=
( )
Þ 625a = 676 (2602 – a)
676 ´ 2602
Þ a= = Rs. 1352
1301
Second part = Rs. (2602 – a) = Rs. 1250
Adda247 | No. 1 APP for Banking & SSC Preparation
56 Website:[Link] | Email:ebooks@[Link]
ww
w.
yo
ur
37. (b); Let rate = R% and time = n year

sm
ah
n

bo
æ R ö

ob
Then, 4320 = 3000 ç 1 + ÷

.w
è 100 ø

or
dp
re
n
æ R ö 4320

ss
Þ çè 1 + ÷ = = 1.44

.c
100 ø 3000

om
n
æ R ö 2
\ ç1+ ÷ = 1.44 = 1.2
è 100 ø
n
\ Required amount for year
2
n
æ R ö 2
= 3000 ç 1 + ÷ = 3000 × 1.2 = Rs. 3600
è 100 ø
38. (a); Let the principal be Rs. P
If CI is compounded half-yearly,
éæ 10 ö
4
ù
Þ CI = P êç 1 + ÷ø - 1ú
ëê è 100 ûú
(where R = R2 % p.a. and T = 2T years)
éæ 11 ö 4 ù 4641 P
Þ CI = P êç ÷ - 1ú =
êëè 10 ø úû 10000
If CI is compounded annually,
éæ 20 ö
2
ù 11P
Þ CI = P êç 1 + ÷ø - 1 ú =
ëê è 100 úû 25
According to question:
4641P 11
Þ - P = 964
10000 25
964 ´ 10000
Þ P= = Rs. 40000
241
Adda247 | No. 1 APP for Banking & SSC Preparation
Website:[Link] | Email:ebooks@[Link]
57
ww
w.
yo
39. (c); Let shares of X and Y be Rs. x and Rs. (8448 – x), respectively.

ur
sm
Amount got by X after 3 years = Amount got by Y after 2 years

ah
bo
ob
3 2

.w
æ 6.25 ö æ 6.25 ö
( )

or
xç1 + ÷ = 8448 - x ´ çè 1 + ÷

dp
è 100 ø 100 ø

re
ss
.c
om
6.25 8448 - x 1 8448 - x
Þ 1+ = Þ1+ =
100 x 16 x
17 8448 - x
Þ = Þ 17x = 135168 – 16xÞ
16 x
x = Rs. 4096
40. (b); Let the population at beginning of first year be 'a'
So, according to question:
é 5 ù é 5 ù
Þ a ê 100 ú ê 100 ú = 47880
1 + ´ 1 -
ë û ë û

é 21 ù é 19 ù
Þ a ´ ê 20 ú ´ ê 20 ú = 47880
ë û ë û

47880 ´ 20 ´ 20
Þ a= = Rs. 48000
21 ´ 19

Adda247 | No. 1 APP for Banking & SSC Preparation


58 Website:[Link] | Email:ebooks@[Link]

You might also like