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Simple and Compound Interest Problems

Simple and compund interest problem made easy

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54 views47 pages

Simple and Compound Interest Problems

Simple and compund interest problem made easy

Uploaded by

wondimyamanuel
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
Simple Interest (Wee a I. Principal: The money borrowed or lent out for a certain period is called the principal or the sum. IL. Interest: Extra money paid for using other's money is called interest. IIL. Simple Interest (S.1): If the interest on a sum borrowed for a certain period is reckoned uniformly, then it is called simple interest, Let Principal = P, Rate = R% per annum (p.a.) and Time = T years. PRX Then, (i) Si. ( 7100 | wor (08st) (BoE oft) RxT PxT PxR Sones 2 Ex. 1. Find the simple interest on © 68000 at 162% per annum for 9 months 50 9 3 ol. P = 2% [Link] T=— years =3 years Sol. P= 68000, R= Pip, years = 3 sL= (Pipe) somon Sgt eas 100 3400 1 Ex. 2. Find the simple interest on ® 3000 at 64% per anv for the period from 4th Feb, 2009 to 18th April, 2009. 7 Sol. Time = Q4 +31 118) days = 73 days = 22 years yor 365 1, Boe oa Pt 2000 and Re pa Bp = #(2000%234x1)-a7s0 7°35 | Remark The day on which money is deposited isnot counted while the day on which money is withdrawn is courted Sol. Let sum be & x. Then, St. = €(xx2Zxaxecb Jae (a F00 |S So amount = ¢(x+222) eZ a0 PS So TIX _ 9509.50 eo = 202050, = 1625. Hence, sum = & 1625, 641 co QUANTITATIVE APTITUDE Ex. 4. The simple interest accrued on an amount of € 2500 at the end of 6 years is € 1875, What would be the simple interest accrued on an amount of % 6875 at the same rate and for the same period? (Bank P.©,, 2009) Sol. P = 2500, T = 6 years, SI. = & 1875, 5 wate = (mae 1O%1878 Vy, = 121%, 2500%6 2 Now, P = 8 6875, b yeu, R= 12h sine ( SBXBXE . 100x2 pes 25. Ex. 5. A sum of & 800 amounts to % 920 in 3 years at simple interest. If the interest rate is increased by 3%, it would amount to how much ? Sol. SI. = & (920 ~ 800) = & 120; P = € 800, T= 3 years (oo) Ne ite = (5 + 3)' 8 news = (222) New amount = & (800 + 192) = € 992. Ex. 6, Adam borrowed some money at the rate of 6% p.a. for the first two years, at the rate of 9% p.a. for the next three years, and at the rate of 14% p.a. for the period beyond five years. If he pays a total interest of % 11400 at the end of nine years, how much money did he borrow? Sol. Let the sum borrowed be x, Then, Hence, sum borrowed = & 12,000, Be 7 Acta et of my 8208 6X ure nd 26 in SE gr ad ht nd te of interest, Sol, SI for 1F years = € (1164 ~ 1008) = 8 156 Si frye = teva) Principal = € (1008 ~ 208) = & 800. Now, P = % 800, T= 2 years and S.1. = & 208 100% 208 ate = | ~=* fo, Ret (So ) 3%. Ex. 8, At what rate of simple interest a certain sum will be doubled in 15 years? (RRB, 2005) Sol. Let principal = P. Then, SI. = P and T = 15 yrs. 100xP \y, PxI5 ‘SIMPLE INTEREST Ex. 8 Sol. Ex. 10. Sol. Ex. 11. Sol. Ex. 12, Sol. Ex. 13. Sol. On cet si, he sine interest then of 124 years tsomes 3 of ths, Wai th rate of interest pcp.a? Bank P.0, 2009) Let pinpal =P then, Sk = SP and =124 yr Rate = ax 3 100x3 P ah, (SRE paws Px. 2 Let principal =P Then St = Pand = 6 nes (RE (tm ae A certain sum of money becomes three times of itself in 20 years at simple interest. In how many years does it become double of itself at the same rate of simple interest? (cro, 2008) Let principal = P. Then, SI. = 2P and T = 20 yrs. 100%2P Yup, Px20 Now, principal = P, SL = P, R = 10%. 100%P ime = rs=10 yrs u (aa x” Te snp interest on as of mony i of he principal Find the rate pen an tine Both ae Rate numerically equal. (SS.C, 2000) Letam = €[Link] Sh Let rate = R% and time = R years. then, {22R*R)_ op xt 42 ore 100 3 9 Rate = 62 2 “e and Time = 62yrs = 6 yrs 8 months 4 Th yrs = 6 yrs 8 month 3 Te ipl intrest a eta sa of mony for 2 ers at 12% per ami €40 ess than he ingle 1 interest on the same sum for 3 years at 10% per annum. Find the sum et the sum be en, | ——— |-| ———— |= 40 Late ot th (2222) (2828) 4 x=(40%20) = 800, Hence, the sum is € 800. S. Px(R+2)x3 PXRx3 sol. Let sum = P and original rate = ren, | ——_—— | -| | = 360, Sn tet sm = Pan aha te = Then, [PAD [Pa Recent Foon soo) eo BB ya some rete 89 002 25 fos 1092 <> (28x + 31x + 25x) = (1092 x 25) sos o +: (223) ean <2 Bx +9300 6x = 10600 <> 2x=1300 <> x= 650, ‘Money lent at 8% = % 650. Money lent at 6% = @ (1550 — 650) = % 900. Ex. 17. Ashish borrowed a sum of money from a nationalised bank at 12% simple interest per annum and the same Sol. ‘amount at 10% simple interest per annum both for the same period. He cleared the first loan 6 months before the scheduled date of repayment and repaid the second loan just at the end of the scheduled period. If in each case he had to pay % 3250 as amount then how much and for what time did he borrow? (P.C, 2006) Let each sum = @ x. xxi2x Then, + 21 - 3250 700 => 10x + 127 ~ 6x = 3250000 “ = 9x + 12eT = 32500 xxx And, xt 20XT _ 3959 100x + 10x = 325000 «) 100 From (and (i), we get: 94x + 1207 = 100x + 10xT = 6x = 2xT = W=65T=3. Putting T = 3 in (9, we get: 94x + 36x = 325000 => 130x = 325000 => x = 2500. Ex. 18. A person lends out % 9000 on the condition that the loan is payable in 10 months by 10 monthly equal Sol. instalments of € 1000 each. Find the rate of simple interest charged, ssc, 206 We have: € 9000 + Su on € 9000 for 10 months 10000 + S.L on € 1000 for (1 +2 +..+ 9) months. = £9000 + SI. on F 1000 for 90 months % 10000 + Sil. on & 1000 for 45 months > SL. on € 1000 for 45 months = € 1000 ote = (mem 80, 1000 xa 3 262%. 3 ‘SIMPLE INTEREST find the capital. Sol. Let the total capital be @ x. vem (eames) OG Ix. x <= 561 > 51x = 561 x goo By tag = 561 51 = 561 x 600 > Hence, capital = © 6600. 361% 600, ST (B.A, 2006) 10 xx ttt) = 561 100 | i 6600. ——_@ ki aaa __§_ (OBJECTIVE TYPE QUESTIONS) Directions: Mark (/) against the correct answer: 1, What would be the simple interest obtained on an, amount of % 5760 at the rate of 6 [Link]. after 3 years.? (Bank Recruitment, 2007) (a) & 1036.80 (b) & 1063.80 (0) 1336.80 (@) © 1666.80 (©) None of these 2. A farmer borrowed & 3600 at 15% simple interest per annum. At the end of 4 years, he cleared this account by paying € 4000 and a cow. The cost of the cow is (Civil Services, 2006) (a) € 1000 ( & 1200 (©) ©1350 (@ & 1760 43, Ram borrows & 520 from Gaurav at a simple interest of 13% per annum. What amount of money should Ram pay to Gaurav after 6 months to be absolved of the debt? (ctr, 2010) (a) % 353.80 (8 453.80 (©) € 552.80 (@ & 553.80 4. atthe rate of 8% pa. simple ners a sum of % 4800 will earn how much interest in 2 years 3 months? (@ % 796 & 816 (es ( & 956 oF 16300 in 9 mons tthe tof 62% pa? e750 wrsiso (©) 860 (a) & 887.50 6. The simple interest on © 1820 from March 9, 2012 ( % 250 (©) © 28.80 % 2730 Wwe 7. A shopkeeper with an overdraft facility a 18 percent with a bank borrowed © 15000 on Jan 8, 2011 and returned the money on June 3, 2011 so as to clear the debt. The amount that he paid was (a) € 16080 (16280 (0) 16400 @) None of these 8. A person borrows % 5000 for 2 years at 4% pa. simple interest. He immediately lends it to another penn at €1% pa. for 2 yea Fd Ns gin in the transaction per year. (S.C, 2005) (a) @ 11250 e125 (9% 150 (a) 8 16750 9. Ramakant invested amounts in two different schemes A and B for five years in the ratio of 5:4 respectively. Scheme A offers 8% simple interest and bonus equal to 20% of the amount of interest earned in 5 years on maturity. Scheme B offers 9% simple interest. If the amount invested in scheme A was & 20000, what was the total amount received on maturity from both the schemes?(Bank P.o., 2008) (a) ® 50800 () & 51200 (©) & 52800 (@ 58200 (©) None of these 10. & 1000 is invested at 5% per annum simple interest. If the interest is added to the principal after every 10 years, the amount will become % 2000 after (S.C, 200) 2 (a) 15 years 16= years (15 y 165 ¥ (©) 18 years (@) 20 years 11. How much time will it take for an amount of Z 450 to yield % 81 as interest at 45% per annum of simple interest ? GNoU, 2003) (a) 35 years (©) 45 years ()4 years (@) 5 years co 2, 14 15. 16. 7. 18, we. QUANTITATIVE APTITUDE Asmita invests an amount of € 9534 @ 4 papa. to obtain a total amount of @ 11442 on simple interest after a certain period. For how many years did she invest the amount to obtain the total sum? (MALT, 2008) (@) 2 years (05 years (0) 4 years (@) 10 years |. Deepak invested an amount of € 21250 for 6 years. At what rate of simple interest will be obtain the total amount of € 26350 at the end of 6 years? (Bank Recruitment, 208) (6 papa @ 2pepa (@5pcpa (08 pepa (e) None these ‘A sum of € 1600 gives a simple interest of © 252 in 2 years and 4 months, The rate of interest per 1 (a) 6% 63% 1 3, © 6y% ( 63% At what rate of simple interest per annum can an amount of 1553.40 be obtained on the principal amount of € 8630 after 3 years? (Bank Recrsitment, 2007) (@) 4pcpa @Spcpa 7 pepa @8pecpa (©) None of these If simple interest on € 600 for 4 years and on € 600 for 2 years combined together is ® 180, find the rate of interest. (RRB, 2009 (a) 4% (b) 5% (0) 55% (625% Veena obtained an amount of & 8376 as simple interest on a certain amount at 8 [Link]. after 6 years. What is the amount invested by Veena? ([Link].0,, 2008) ( & 17180 (@ F 18110 (a) % 16660 (8 17450 (e) None of these At which sum the simple nest a the at of 23% per ana wll be 210in 22 yeas? (a) © 1580 (b) & 2400 (©) & 2800 (d) None of these What is the present worth of % 132 due in 2 years at 5% simple interest per annum? 112 ( ® 11880 (©) ® 120 F122 20. a. 24, 25. 27. A sum fetched a total simple interest of & 4016.25 at the rate of 9 [Link]. in 5 years. What is the sum? (a) € 4462.50 ( & 8032.50 (©) 8900 (a) & 8925 (© None of these ‘The simple interest at x% for x years will be € x on a sum of tr we (2) (0) & 100% @ (e} . In 4 years, € 6000 amounts to € 8000. In what time at the same rate will @ 525 amount to 700? (@) 2 years (3 years (©) 4 years (@) 5 years . 6200 amounts to € 9176 in 4 years at simple interest. If the interest rate is increased by 3% it would amount to how much? (S.C, 2009) (a 8482 (@) € 9820 (9 9920 (@ @ 10920 Simple interest on € 500 for 4 years at 625% per annum is equal to the simple interest on € 400 at 5% per annum for a certain period of time. The period of time is SC, 2007 (@) 4 years (0) 5 years i 2 (o) 62 years 82 years (@ 635 @ 85¥ A certain amount earns simple interest of © 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned ? (a) 835 (F485 (©) & 350 (@) Cannotbe determined (©) None of these - & 6000 becomes % 7200 in 4 years at a certain rate of simple interest. If the rate becomes 1.5 times of itself, the amount of the same principal in 5 years will be (88, 2007) (a) © 8000 ( & 8250 (©) ® 9000 (a) & 9250 In ow many jars € 190 il pod he ame tees @ a5 80 roan yeas 8 42% 7 @s6 9 WS @r . The simple interest accrued on a certain principal in 5 years at the rate of 12 [Link]. is € 1536. What amount of simple interest would one get if one invests € 1000 more than the previous principal for 2 years and at the same rate [Link].a.? Bank Recruitment, 2010) ‘SIMPLE INTEREST Ci 29. 30, 31, 32, 34, 35. 36. (a) & 614.40 (©) 8 1536 (©) None of these If & 64 amounts to & 83.20 in 2 years, what will % 86 amount to in 4 years at the same rate percent. per annum ? (a 8 11480 ( & 12470 (©) & 127.40 ( % 137.60 The simple interest on a certain sum of money at the rate of 5% paa. for 8 years is T 840. At what rate of interest the same amount of interest can be received on the same sum after 5 years ? (a) 6% ) 8% (©) 9% (@ 10% The interest on a certain deposit at 4.5% p.a. is % 202.50 in one year. How much will the additional interest in one year be on the same deposit at 5% pa? (a) € 20.25 () & 22.50 (25 (e275, A sum invested at 5% simple interest per annum. grows to € 504 in 4 years. The same amount at 10% (&) 845.40 (@ F136 1 simple interest per annum in 2> years will grow iple interest p 3 lg to (a) 420 (450 (©) 8525, @ 550 - IF x, y, z are three sums of money such that y is the simple interest on x, z is the simple interest on y for the same time and at the same rate of interest, then we have (G80, 2007) (a) 2 = yz () P= xz esau (@x=1 What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years ? @1:3 isa (12:3 (@) Data inadequate (e) None of these ‘Arun borrowed a sum of money from Jayant at the rate of 8% per annum simple interest for the first four years, 10% per annum for the next 6 years and 12% per annum for the period beyond 10 years. IF he pays a total of @ 12160 as interest only at the end of 15 years, how much money did be borrow? (NMA, 2005) (@) & 8000 ( % 9000 (c) 7 10000 (d) % 12000 Kruti took a loan at simple interest rate of 6 [Link].a. in the first year and it increased by 1.5 pcp. every year. If she pays € 8190 as interest at the end of 3 37. 38. 39. a. 2, 45, years, what was her loan amount? (Bank P.0, 2010) (@ & 35400 (© 36000 (©) % 36800 (@) Cannotbe determined (0) None of these A person deposited & 400 for 2 years, € 550 for 4 years and & 1200 for 6 years. He received the total simple interest of % 1020. The rate of interest per annum is (5S.c, 2007) 5 (6) 10% (©) 15% (a) 20% The simple interest on a sum of money will be 600 after 10 years. Ifthe principal is trebled after 5 years, what will be the total interest at the end. of the tenth year? (@ F600 (© % 1200 (©) Data inadequate The simple interest on € 10 for 4 months at the rate of 3 paise per rupee per month is @ % 1.20 (F160 (0% 240 (@%3.60 ( % 900 (@ & 1500 |. An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes (@) 10% (10.25% (©) 10.5% (@) None of these A sum of money at simple interest amounts to 15 in 3 years and to € 854 in 4 years. The sum is @ 650 690 (0) 8 698 (@ 700 A sum of money lent out at simple interest amounts to & 720 after 2 years and to € 1020 after a further period of 5 years. The sum is (S.C, 2000) (@ & 500 () % 600 (9% 700 (@ e710 . A sum of money amounts to ® 5200 in 5 years and to % 5680 in 7 years at simple interest. The rate of interest per annum is (S.C, 2007 @ 3% 4% (05% @ 6% . A sum of money becomes % 20925 in 2 years and % 24412.50 in 5 years. Find the rate of interest and the sum of money. RB, 2006) (a) 6.25%, & 18600 () 6.75%, 8 17775 (©) 7%, & 18000 (a) 8%, @ 17560 A certain sum of money at simple interest amounts co 46. a7, 48, 49, 50, 51. 52, 53. QUANTITATIVE APTITUDE The rate of interest per annum is, (@ 25% 0) 3% (0 4% @ 5% In how many years will a sum of money double itself at 18.75% per annuum simple interest? RB, 2009 (a) 4 years 5 months (b) 5 years 4 months (06 years 2 months (6 years § months At what rate percent of simple interest will a sum of money double itself in 12 years? 1 1, (@ 85% 85% 1 1 (0 8% ( 9% The rate at which a sum becomes four times of itself in 15 years at S.L, will be (@) 15% 73% (©) 20% (a 25% A sum of money at a simple rate of interest ij, doubles in 5 years. At another simple rate of interest in, it becomes three times in 12 years. Then, the two rates of interest i, and i, respectively are (8) 10%, 20% we, 162 (@) 10%, 165 (0) 20%, 162 (6) 20%, 309 A sum of money at simple interest doubles in 7 years. It will become four times in: RRB, 2005) (@) 18 years (#) 21 years (6) 38 years (@) 42 years A sum of money trebles itself in 15 years 6 months. In how many years would it double itself ? (@) 6 years 3 months —__(b) 7 years 9 months (©) 8 years 3 months (4) 9 years 6 months If a sum doubles in 6 years, how much will it be in 8 years? HRB, 2006) 1 1 (@) 1 mes () 1 times 1 3 (9 1 times (@ 1 times Consider the following statements Ifa sum of money is Ient at simple interest, then the 1. money gets doubled in 5 years if the rate of interest is 162% 3 2. money gets doubled in 5 years if the rate of interest is 20%, 55, 57. 3, money becomes four times in 10 years if it gets doubled in 5 years ‘Of these statements, (@) 1 and 3 are correct (©) 3 alone is correct (#) 2 alone is correct (d) 2 and 3 are correct, . The simple interest on a sum of money at 8% per annum for 6 years is half the sum. The sum is (a) & 4800 (&) & 6000 (©) € 8000 (@ Data inadequate ‘At what rate percent per annum will the simple 2 interest on a sum of money be = of the amount in r y be 5 of 40 years ? 9 2, @ 4% 55% 2y (c) 6% @ 63% In how much time would the simple interest on a certain sum be 0.125 times the principal at 10% per annum ? ssistant Grade, 1997) 1 3 (@ Lyyears ( Lyears co aby to Byes How long will it take a sum of money invested at 5% pa. SI. to increase its value by 40%? (0) 6 years (@ 8 years (@) 5 years (07 years a certain rate of simple interest. The rate per annum, 5, ( 85% 6 3 (©) 18% (a) 25% If the simple interest for 6 years be equal to 30% of the principal, it will be equal to the principal after Bank F.0,, 2006) (a) 10 years () 20 years (©) 22 years (@ 30 years ). Simple interest on a certain sum at a certain annual 1 rate of interest is + of the sum. If the numbers ; f representing rate percent and time in years be equal, then the rate of interest is oan ® 2, (© 65% (a) 10% ‘SIMPLE INTEREST 6 65. 66. 67. 9 imple interest on a certain amount is — of the Simple interest on a cert tis Te of e principal. If the numbers representing the rate of interest in percent and time in years be equal, then time, for which the principal is lent out, is 1 1 (a) 55 years () 65 years 1 (7 years @ Tz yeas . A lends & 2500 to B and a certain sum to C at the same time at 7% paa. simple interest. If after 4 years, ‘A altogether receives € 1120 as interest from B and G then the sum lent to C is (a) % 700 (b) & 1500 (©) 4000 (@) © 6500 |. Two equal sums of money were lent at simple inerest a 1% pa or 34 year and 42 years respectively. If the difrence in intrest for two Te Cates nee a (a) 3250 (b) 3500 (c) = 3750 (@) 7% 4250 . Ifthe simple interest on a certain sum for 15 months 1, at 725. pe annum exceeds he singe intrest on the sae sum for 8 months at 22% per annum by & 82.50, then the sum (in &) is, (@ % 3000 ( & 3060 (9) 3120 (a % 3250 Sujata invested & 7500 at simple interest @ 11 [Link]. She further invested some amount at simple interest @ 15 pcpa. Total interest earned at the end of the year became 12 [Link].a. Find the amount invested at the rate of 15 pcpa (@ € 2000 (&) & 2500 (©) % 3000 (@ % 3500 ‘A man invests a certain sum of money at 6% pa. simple interest and another sum at 7% pa. simple interest. His income from interest after 2 years was % 354, One-fourth of the first sum is equal to one- fifth of the second sum. The total sum invested was: (@ € 2600 ( € 2700 (©) & 2880 (@ % 2900 Rahul borrowed a sum of @ 1150 from Amit at the simple interest rate of 6 [Link]. for 3 years. He then added some more money to the borrowed sum and lent it to Sachin for the same time at 9 [Link]. simple interest. If Rahul gains € 274.95 by way of interest on borrowed sum as well as his own amount 70. 2 from the whole transaction, then what is the sum lent by him to Sachin? ‘Wank P.O, 2008) (a) € 1200 (E1285 (©) % 1690 (81785 (©) None of these A person invested some amount at the rate of 12% simple interest and a certain amount at the rate of 10% simple interest. He received yearly interest of % 130, But if he had interchanged the amounts invested, he would have received @ 4 more as interest. How much did he invest at 12% simple interest? (MAT, 2010) (a) & 400 (©) ® 700 @ & 500 (a) & 800 A person borrowed ® 500 @ 3% per annum SJ. and 600 42% per annum onthe ageement at the whole sum will be returned only when the total interest becomes ® 126. The number of years, after which the borrowed sum is to be returned, is (2) 2 years (0) 3 years (a) 5 years ‘Two equal sums of money are lent at the same time at 8% and 7% per annum simple interest. The former is recovered 6 months earlier than the latter and the amount in each case is € 2560. The sum and the time for which the sums of money are lent out are (Ar, 2008) (@ € 2000, 3.5 years x 4 years (@) & 1500, 35 years x 4 years (6) € 2000, 4 years x 55 years (d) © 3000, 4 years x 45 years (4 years |. A lent © 5000 to B for 2 years and & 3000 to C for 4 years on simple interest at the same rate of interest and received % 2200 in all from both of them as interest. The rate of interest per annum is 9 5% 7% 7 @ 10% A sum of & 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of % 362.50 more is lent but at the rate twice the former. At the end of the year, € 33.50 is earned as interest from both the loans. What was the original rate of interest ? @ 36% (©) 5% (6) None of these (6) 45% () 6% 2. 74, 7. 76. 7. 78. 80, QUANTITATIVE APTITUDE The difference between the simple interest received from two different sources on © 1500 for 3 years is 1350. The difference between their rates of interest is @ 0.1% 0.2% (003% (04% (@) None of these Peter invested an amount of & 12,000 at the rate of, 10 cpa. simple interest and another amount at the rate of 20 [Link]. simple interest. The total interest earned at the end of one year on the total amount invested became 14 pcp. Find the total amount invested. (@ & 20,000 (©) & 24,000 (0) None of these A man invested € 5000 at some rate of simple interest and & 4000 at 1 percent higher rate of interest. If the interest in both the cases after 4 years is same, the rate of interest in the former case is (AT.M.A, 2001) (@) 4% pa. (6) 5% pa. ( & 22,000 WR 1 1 (0 67% pa () 83% pa. What should be the least number of years in which the sil ners on € 20 a 62% el be an exact number of rupees ? (@) 2 years (0) 3 years (04 years (@ 5 years The rates of simple interest in two banks A and B are in the ratio 5 : 4. A person wants to deposit his total savings in two banks in such a way that he received equal half-yearly interest from both. He should deposit the savings in banks A and B in the ratio: @2:5 (ass (05:2 (5:4 A sum was put at simple interest at a certain rate for 3 years. Had it been put at 1% higher rate, it would have fetched € 5100 more. The sum is (MA-T, 2010) (6) 125,000 (@ ® 170,000 (a) & 1,20,000 (©) 8 1,50,000 If the annual rate of simple interest increases from 1 lots to 125%, a man’s yearly income increases by © 1250, His principal (in ®) is (ss, 200 (a) & 45,000 (b) 50,000 (0 € 60,000 (@) & 65,000 diminishes by & 61.50. His capital is a1. 82, 83, 84, 85, 86. 87. 88. (a) & 22,400 (&) © 23,800 (©) ® 24,600 (@) & 26,000 What equal instalment of annual payment will discharge a debt which is due as % 848 at the end of 4 years at 4% per annum simple interest ? (P.O, 2007) (@) © 200 e212 (F225 (a) & 250 A sum of & 10 is lent to be returned in 11 monthly instalments of € 1 each, interest being simple. The rate of interest is 1 @ 9n% 10% (om% @ as A person takes a loan of € 200 at 5% simple interest. He returns & 100 at the end of 1 year. In order to clear his dues at the end of 2 years, he would pay @ T1085 @eu0 (ous (@ 8115.50 The price of a T.V. set worth € 20,000 is to be paid in 20 instalments of © 1000 each. If the rate of interest be 6% per annum, and the first instalment be paid at the time of purchase, then the value of the last instalment covering the interest as well will be (@ @ 1050 () % 2050 (©) € 3000 (@ None of these A computer is available for 39000 cash or & 17000 as cash down payment followed by five monthly instalments of & 4800 each. What is the rate of interest under the instalment plan? (MAT, 2006) @ 35.71% pa () 36.71% pa. (0) 37.71% pa. (@) 38.71% pa. If the rate increases by 2%, the simple interest received on a sum of money increases by € 108. If the time period is increased by 2 years, the simple interest on the same sum increases by € 180. The (@) 7 1800 (©) & 5400 (©) None of these Vishwas borrowed a total amount of & 30000, part of it on simple interest rate of 12 pcpa. and remaining on simple interest rate of 10 [Link].a. If at the end of 2 years he paid in all % 36480 to settle the loan amount, what was the amount borrowed (&) & 3600 (@) Data inadequate at 12 pcp.a? ‘Wank P.O, 2008) (@ € 12000 (& F 16000 (©) % 17500 (@ & 18000 A man divided his share between his sons A and. B in such a way that the interest received by A at ‘SIMPLE INTEREST 89, 90. a. 92, 93, 15% p.a. for 3 years is double the interest received by B at 12% paa. for 5 years. In what ratio was his share divided? (MALT, 2000) 2 3 My ws 3 8 OF 3 A sum of & 18750 is left by a will by a father to be divided between the two sons, 12 and 14 years of age, so that when they attain maturity at 18, the amount (principal + interest) received by each at 5 per cent simple interest will be the same. Find the sum allotted at present to each son. (N.M.A‘T, 2005) (a) & 9500, & 9250 (&) & 8000, € 1750 (©) 9000, & 9750 (@) None of these [Link] sum of money is invested at an interest rate of 5% per annum and a second sum, twice as large as the frst, is invested at 5.5% p.a. The total amount of interest earned from the two investments together is € 1000 per year and the interest is withdrawn every year. The second sum invested is MES, 2007) (a) & 6250 (& & 10500 (©) © 12500 (@ 15000 Thad & 10000 with me. Out of this money [lent some money to A for 2 years @ 15% simple interest. I lent the remaining money to B for an equal number of years @ 18% simple interest. After 2 years, I found that A had given me % 360 more as interest as compared to B. The amount of money which I had Tent to B must have been (a) ® 2000 (&) & 3000 (©) 4000 ( % 5000 A sum of & 2600 is Ient out in two parts in such a way that the interest on one part at 10% for 5 years is equal to that on another at 9% for 6 years. The sum lent out at 10% is : (a € 1150 ( & 1250 (©) % 1350 (@ & 1450 A sum of @ 1550 was lent partly at 5% and partly at 8% paa, simple interest. The total interest received after 3 years was ® 300. The ratio of the money lent at 5% fo that lent at 8% is (RB, 2008) (5:8 ass (©) 16:15 (31:6 | A man lends & 10,000 in four parts. If he gets 8% 1 on & 1400; what percent must he get for the remainder, if his average annual interest is 8.13% ? ont at, 7% on 00 and 8 95. 96. 7. 98, 99, 100. ( M% 1 @% An amount of % 1,00,000 is invested in two types of shares. The first yields an interest of 9% pa. and. the second, 11% p.a. If the total interest at the end 0) 9% 1 ( W7% 3 of one year is 95%, then the amount invested in fone y 9%, then th t invested each share was (a) © 52,500; € 47,500 (b) © 62,500; € 37,500 (©) € 72,500; € 27,500 (d) © 82,500; 175 David invested certain amount in three different schemes AA, B and C with the rate of interest 10% paa,, 12% pa. and 15% p.a. respectively. If the total Interest accrued in one year was € 3200 and the amount invested in Scheme C was 150% of the amount invested in Scheme A and 240% of the amount invested in Scheme B, what was the amount invested in Scheme B ? (@ % 5000 (©) & 8000 (© None of these (B.A, 200 (b) & 6500 (@ Cannotbe determined A sum of & 1440 is lent out in three parts in such a way that the interests on first part at 2% for 3 years, second part at 3% for 4 years and third part at 4% for 5 years are equal. Then the difference between, the largest and the smallest sum is (N.M.A"T, 2005) (a) © 200 (&) & 400 (©) ® 460 (a) & 560 A person invests money in three different schemes for 6 years, 10 years and 12 years at 10 percent, 12 percent and 15 percent simple interest respectively. At the completion of each scheme, he gets the same interest. The ratio of his investments is (6.C, 2006) 2:34 (42322 (33436 ()6:3:2 Divide % 2379 into 3 parts so that their amounts after 2, 3 and 4 years respectively may be equal, the rate of interest being 5% per annum at simple interest, The first part is ( % 759 (9) € 818 e792 (a) 828 1 lo A man invested J of his capital at 7%; 3 at 8% and the remainder at 10%. If his annual income is 561, the capital is (MLBLA, 2006; Hotel Management, 2010) (& & 6000 (@ e720 (a) © 5400 (©) & 6600 101. 102. 103. 104, QUANTITATIVE APTITUDE Find the amount to be received after 2 years 6 months at the rate of 5% pa. of simple interest on a sum of & 3200. {FSIC—UDE Exam, 2016 (@ 3800 () & 3500 (©) & 3600 (@ % 3900 ‘A man buys a TV priced at & 16000. He pays & 4000 at once and the rest after 15 months on which he is charged a simple interest at the rate of 12% per year. The total amount he pays for the TV is {SSC—CHSE, (1042) Exam, 20151 (@) © 18200 () 17800 (©) © 17200 (@ ® 16800 ‘A sum becomes its double in 10 years. Find the annual rate of simple interest Indian Railway Gr. ‘D’ Exam, 2018 (@ 8% () 5% (©) 10% (6) 20% The interest earned on % 4000 when invested in Scheme A for two years at 7% p.a. simple interest is half of the interest earned when & °X’ is invested for five years in the same scheme at the same rate 105. 106. of interest. What is the value of X? (@) 2000 () 2800 (©) 3000 (d) 3200 (e) 3600 Mktg OFF, (Seale-, Exam, 20161 The interest earned on 15000 in 3 years at simple interest is € 5400. Find the rate of interest per annum, (BPS—RRB Office Assistant (Online) Exam, 2015] (b) 12% (a) 15% ‘The sum invested in Scheme B is thrice the sum invested in Scheme A. The investment in Scheme A is made for 4 years at 8% p.a. simple interest and. in Scheme B for 2 years at 13% p.a. simple interest The total interest earned from both the schemes is 1320. How much amount was invested in Scheme a? UIBPS—Bank POIPT Exar, 20151 (@) & 1200 () % 140 (0) € 960 (a) & 1500 .@ 2 3@ 46 0 2 BO ww ® 2OQ BE we (6) 32. (0) 338.) 34. (0) 4H) 43. @) 44. (@) (52. (a) 53.) 54. d) 2. (0). LO) 65.) @ 20 BO ma 75.0 L@) 82 @) 83) 8) 85.) LQ 92. (0) 93.) 94) 95.0) (102. (&) 103. (©) 104. (@) 105 () 76. 86, 96. 106. 0) 728 &@ %2@ WH 0) 7.0 BH m@ 2m O 70 BH 2M 3.0 372 38.) 39. @ 40. 0) 47.48.) 49. (50. a) 57.) 58. (@) 59. (H) 60. (a) (0) 67.) 68.) 69. (H)——70. (a) O 70 BM BH 8.10 © 7@ 8H © © @ 97. @) 9%) 99. (100. ©) @ —_—_@ Ki oa _—__ exis = (Bx su (2202) Ss Hence, amount after 4 years = € (3600 + 2160) = € 5760. Cost of the cow = & (5760 ~ 4000) = & 1760. Byss 1036.80. si ) e210 * oof) 733.80, Hence, amount after 6 months = € (520 + 33.80) = © 553.80, v7 %, 2 pean Bs 9 1 =2 yes 3 mths A yes = 3 yrs eng” #( 0 Zedx 5} 918, St 2 woe sr Late ne fins be pa Goan), [s800Ret), (ORS Bo) Re) 2 oreo 1020 re: nae (1). storia s yan» [sexsi : wsi=e[toge) ut eta be 10 Th 41, SIL for 1 year = & (854 - 815) = @ 38. SIL for 3 years = & (39 x 3) = 8 117. Principal = € (15 ~ 117) = © 688 42, SIL for 5 years = € (1020 ~ 720) = € 300. Principal = (720 ~ 120) = € 600. ‘SIMPLE INTEREST %. 45, 46. "7 4 51. |. SIL for 3 years for 2 years = € (5680 ~ 5200) = & 480 «(Boas ee r20 2 © 4000. SIL for § years & (24412.50 ~ 20925) = & 3497.50, 3487.50, 2) Si. for 2 yeas = ¢: 05 Principal = € (20925 ~ 2325) = € 18600. 100 - 2325, Hence, rate = {2223}, = 625%, "e (Gasca 55.20, stor yes © 04720100) 1 for 24 year Si. for 25 5520x2x2 |= 92, a2 Principal = & (1012 - 92) = € 920 (100x922 Hence, rate = {Traoxs Let sum = @ x. Then, 81. = @ x time = (200281) ( 200%). " Px) (31875 | 1 = Shyears = 5 years 4 months. 3y years 4 month soe (284) (3 wo Ha Case IL, Let sum = @ x. Then, SI. = € 2x 1WOXSI.)_(100%2*),, 50, Pxt | {xa fs Rate ( Let sum =@ x. Then, $1. = & x 10x), _ 100 ate Hy, = 02, k ( =e? } 7 soe Let sum = x They t= € 2 Tie «12 0 52. 54, 400 ‘ow, sum = x, $1. = x, Rate = 2x, N s. 7 1woxx _31 Time = gay Yes = 7 years 8 months 3 Let sum =& x, Then, Si. = © x, Tim 100%, 25 Rate = 33 "e (Srey 4 16 years 1 J, y x, Time = 8 years, Rate si e( 2B) Yoox So, amount = e[eg} Let sum be x. Then, Si. 10x 1 Time = Dhgy byte ale) 3 10x rime = TOK 5 years (True 27 Sor 5 years (True) 3. Suppose sum = x. Then, SL = x and Tim (100%. wae ( 555 } SL 0%. Now, sum 3 and Rate = 20% So, 2 alone is correct. Let sum = x. Then, SI. = 5. x _XX8x6 Clearly, data is inadequate. 2100 2x 5. Let sum = x. Then, SL Time = 10 years 0x2 ate ~ { 10X28 | - 4, Rate (25) 1 Let sum = x, Then, SI. = 0.25x = $x, R = 10% 56, a Jp Srent Let the sum be x 5 oo 61 QUANTITATIVE APTITUDE 1 Let sum = & x. Then, SL Ix Let sum = x. Then, amount = 2, $y Time = 3 years 100xx ),, _ 50 e= 96 Ra (23) 9 3x fof tx = TE 30% of Fx EE Time = 6 years. 100%32 5, Toxax6 = Ex, Rate = 5% Rate Now, sum =€x, 5. Ton (222 pu . Let sum = x. Then, $= x, Let rate = R% and time = R years. SRRER) 9 o, gz_900 100} Is cc 1 73 years 7 Hence, tim Let the sum lent to C be & x Then, (Steet) (ere) 120 100 100 so Eeceum-70y 9 +-{ 2228) Zrwanen0) 1-( 24) - 65. > (99x—772) = 82500 > 22r= 82500 @ x= 375i . Let the sum be & x, Let the required sum be & x Then, 11% of 7500 + 15% of x = 12% of (7500 + x) 66, 6. 6s, 63, 7. > (Hxrs00 () 2 s00+%) 00 100" 100 = $2500 + 15r = 90000 + 12r = 3x = 7500 = x= 7500. Hence, required sum = € 2500, Let the sums be x and y. KOX2 | yx x2 Sa TRS = 258 or 6x + Zy = 1700, “0 xy iso, $=2 or Sr~ dy = i Also, $=4 ay=0 Co) Solving (9 and (i), we get : x = 1200 and ‘Total sum = € 2700, Let the money added by Rahul be @ x (1150+ 3)x9x3 _1150%6x3, Then, CISP+R ORS _ HOES _ 27498 700 100) * 2 1180 x 27 + 27 — 1150 18 = 27495, > Dy + 1150 x (27 — 18) = 27495 = 2x = 27495 ~ 10350 = 17145 = x = 685. ‘So, sum lent by Rahul to Sachin = € (1150 + 635) = & 1785, Let the amount invested at 12% be & x and that invested, at 10% be & y. Then, 12% of x + 10% of y = 130 = x + 10y= 13000 > br + 5y= 6500 o And, 10% of x + 12% of y = 134 = lx + 12y= 13400 > Sr + 6y ~ 6700 a Adding () and (i), we get: 11 (x + y) = 13200 = xty=1200 «a Subtracting (@) from (i), we get (e) Adding, (i) and (0), we get: 2y Hence, amount invested at 12% Let the time be x years 700. (01200 ~ 700) = € 500. 26 100 10x? Let Wx= 126 @ 4-16 © Required time = 3 years Let each sum = @ x, second sum for T years. sxax(r-l Then, x4 2560 100 = 10x + By ~ ax = 256000 > 96x + BeT = 256000 0 and, x+ 22287 _ 560. t008 + 747 = 256000. (8) 00 5 From (9) and (i), we get: 96x + 8xT = 100x + 727 > drext > Tad, Putting T = 4 in (), we get: 9x + 32x = 256000 = 18x = 256000 => x = 2000, ‘SIMPLE INTEREST nm. n. a. 7. 76. 78. Hence, cach sum = € 200; tine pends =A yrs and] 7®: Lat Oe sum be Fx aye hy Let the rate be R% p.a. Then, > 25x - 20x = 250000 <> Sx = 250000 & x = 50000. 5000%RX2), (3000 RA) 59 80. Let the capital be & x 100 100 xx8x1 ‘Then, ( {es <> 100R + 120R = 2200 > R 100 eo este 6150 x o> = 24600 fate = 10% 61. Let he apa nataiment be Let the original rate be R%, Then, new rate = (2R)%, [ vans) f vaes)) TAS RXA, (36250281 ww | [+("o 100 iM 100 x3 S50 Then, xx1x4 ; [Ht }. 48 <> (2175 + 725) R = 33.50 x 100 x 3 = 10050 100 6 ce ka Laas 28 as 200 Ss origina! ate = 3.46% 4828 = 21200 2 een eee Short Cut Method: The annua payment ht wil dsclrge 15002 R13) (2500% RB) _ a 5p ithe of € Ae fe rsa ee of et rd Sd 100A . - 1350 s wg) e450 (8 = R= 13506 Ry R= Baas, Jom =D, 4500 (Ry =) = 1850 Ry = 32 Let the second amount be € x, The, Annual instalment (12000x0x1), (x20. [daide + yx 10x648 _]_g 100x848) (100 i00 | 00 Yoox EDS 4 } <> 12000 + 20x = 168000 + 14x 2 Bow «or sna = t 62. £10 4S on £10 for 11 mos f= #8000 x= soo TieShon® fort o2 +3444 + 1 months fotal investment = € ( * y= > © 10+S1. on ®1 for 110 months Let the rats of interest inthe former and ater cases be eee eee mons Roan Rea = Sh ont 1 for 38 months Nee ab ek MOTE, a4 2 RAN NE 5 etait Rod 1*55 Tamed RG (oon «20025 , 102551 Hence, required rte = pa Amount to be pid #100 200*81, 10x81 ‘9 > 1. Ato be pad ea eB) si= ¢(2m02tect er oe{ Bar) ens - Pak and tea 4, Money pai in ash =¥ 1000 mrsuisan co nt rape wha T3300 | nay ta Lethe savings be Xand Yan theratsofsimpleinterest | _ gg ehnee Peyment = 2000 bbe 5x and 4x respectively 85, Total cost of the computer = © 39000 “es 4 Down payment = € 17000 then, XSL ay tech Balance» € 900 ~ 1700) = € 22000 “ 2 100 2° 100 7 or X24 ie, x:y=4:5 ys Let the sum be € x and original rate be R%. Xx(R4D%3 _xKRX3 » 100 > SRe 43x = 3Re = 510000 > 3x = 510000 > x = 170000, Hence, sum = © 170000, Then, =5100 Let the rate of interest be R% pa Amount of € 22000 for 5 months = #22000 + 22000 x5 2" Too a{z2000 5) 3) The customer pays the shopkeeper € 4800 after month {ison ater? nasa € 380 afte 8 ‘Tha the shepheeper Lp € 4800 or 4 month 480 foe 3 mane 0) for months € 4800 for | om tn ges © 0 ate nd QUANTITATIVE APTITUDE Sum of the amounts of these instalments = (@ 4800 + SI, on & 4800 for 4 months) + & 4300 + SIL on % 4800 for 3 months}+ .. + @ 4800 + SI. on 4800 for 1 month + € 4800 = (4800 % 5) + SA. on & 4800 for 4 43+ 2+ 1) months 24000 + SI. on & 4800 for 10 months = #{24000 + 4800%Rx22x1. |= 2 24000 + 40R), to zzon +2 =a « 2000 155 86. Let the suum be € x, rate be R% pa and time be T’ years Then, [PS (BR oe =2000 + R= =3871% pa. eae eh 62) (28 to, [RBSEEA) (282) = hein @ Gia om ) and we at de va eer eT ots et), [D0 eo Beha] 30000) = & 6480, sxB 5480 100 (00 62 2x + 600000 ~ 20% = 648000 => fy = 48000 3 x = 12000. 88, Let A’s share = € x and B's share = y. ISB _ 4 YDS Then, 700 = 45y=120y 2.10.8 y BS 89, Let the two sums be & x and & (18750 3). 2X5X6 _ 9759») « 18750~ Hx 4 100 100 20x too Then, x + 30x x4 M8 _(1g750-3) + 3750. spp 7(08750-2) 22500 <> SE z eo axtk 22500 $ 500 a) Hence, the two sums are & 9000 and & 9750 90, Let the two sums be © x and & 2x, xB, 2x55 “Too "100 => 5+ Ily= 100000 16x = 100000 = x = 6250, Hence, second sum & (6250 « 2) = € 12500 1000. Then, 100 31. 2 93. 94, 95. 9%. Let the sum lent to A be & x and that lent to B be (20900 — x), Xx15x2 _(10000~ x) x18x2 on, = 360 > 30x ~ 360000 + 36x = 36000 => 66x = 396000 > x = 600, Hence, sum lent to B Let the sum lent at 10% (2600 - 2). Then, x10x5)_ (2600-2) 9x6 100 Too (10000 = 6090) = & 4000, bbe © x and that lent at 9% be 5 SOx = (2600 x 54) ~ Sx = (254) A Sum lent at 10% = € 1350 Let the sum lent at 5% be @ x and that lent at 8% be & (1550 x). Then, XX5x3. | [Sseeaeses) Ca} ae Required ratio = 800 : 750 = 16 : 16, Let the required rate be R. Then, 2000621), (spo xl o(s400% Ee 10 2 (MOG + (210035) Toa 1350, 0 = {23 x 10000 T0000 e160 4.300 4-119 + 26R Let the sum invested at 11% be & (100000 ~ 2). sega), fe prt) 100 100 BIS e R=8. bbe @ x and that invested at Then, = {0025} 70 gs 106000— 118 _ 38900 me root ~ 97500 Sm invested at 94 = 6250 Sum invested at 17% = € (10000 52500) = 780 2 Let x, y and z be the amounts invested in schemes A, B and C respectively. Then, (iar) (Pie +P) 220 2 Now, a 240% of y And, 2 = 150% of = ‘SIMPLE INTEREST 97. 98. 10. > x ity From (9, (i) and (ii), we have: by + 12y + 36y = 320000 <> éy = 320000 <> y = 5000, Sum invested in Scheme B = © 5000. Let the parts be € x, €y and € [1440 = (& + yp]. Then, BX2K3_yXBoeh_[14H0~(e+ yx 100 100 100 6x = 1ty or x = 2y 223 _(1400— (04 yx 100 100 > 12y = (1440 ~ 84) « 20 = 72y = 28800 = y = 400 First part © 800, Second part = € 400, Third part = [1440 — (800 + 400)] = 240, Required difference = & (800 ~ 240) = & 560. Let the theee amounts be € 3; €y and € S106 _ yx 12X10 _ 21512 Then, Tog 100 100 Sx = 120y = 1802 = x = 2y = 32 = k (say) > x-ky Let the parts be 3, y and z 10k , 20k, Se Ws > 1BR0K + 18204 + 1265k = 2979 11 x23 x6 2379 257911236 _ 311x236 3965 3 10, SXTIXDIK6) og i 3 Hence, the first part is © 828. Let total capital be & x7 x8 nen, (2x2 x1 |s(2x 5x0 ™ G oo }G io 2x a) 101. 102. 108. 108, 08. 106. Rate of interest = 5% paa Sum = % 3200 1 Time = 2 years 6 months = 2} years = S years __ Principal x Time x Rate _ TOO Amount = & Sum + S.J. = (3200 + 400) = & 3600 Price paid = 4000 Rest price = & 12000 Rate = 12% _ 120003.12%5 _ Tooxia ~~ 1800 SL 400 Amount paid after 15 months = 12000 + 1800 = 13800 Total amount paid for TV = 4000 + 13800 = 17800 Let sum be € x and let $.1. = @ x Time = 10 years Sul. 100 Rate = Tincipal x Time Simple Interest earned in scheme PRT To. 40007 x2 100 Interest eamed in scheme B 560 560 x 2 = 1120 Let ‘A’ be the principal amount invested in sch Principal x Rate Time 100 Interest = AxTxS 100 A= 3200 u20= sx109 Principabxtime 5400100 Rate T5000%3 12% per annum Let the amount invested in scheme A be ® x and that in B be @ 3x Then, 22428, Sex2003 320 00100 32x, 78x _ or, Fant [Be =1520 Mor or, URE = 1320 1320%100 _ ¢ 1999 “T0 QUANTITATIVE APTITUDE —_@ kia ____ (DATA SUFFICIENCY TYPE QUESTIONS) Directions (Questions 1-8): Each of the questions given below consists of a statement and/or a question and two statements mumbered I and IT given below it. You have to decide whether the data provided in the statement(s) is/are sufficient to answer the question. Read both the statements and Give answer (a) if the data in Statement I alone are sufficient to answer the question, while the data in Statement II alone are not sufficient to answer the ive answer (b) if the data in Statement II alone are sufficient to answer the question, while the data in Statement I alone are not sufficient to answer the question; Give answer (c) if the data either in Statement I or in Statement II alone are sufficient to answer the questio Give answer (d) if the data in both Statements 1 ‘and II together are not sufficient to answer the questio Give answer (e) if the data in both Statements I and 1 together are necessary to answer the question. 1. What is the rate of simple interest ? 1. The total interest earned was & 4000. IL. The sum was invested for 4 years. 2. The simple interest on a sum of money is 50. What is the sum ? mA, 2003) 1. The interest rate is 10% pa II. ‘The sum earned simple interest in 10 years. 3. How much money did X invest ? 1. An increase in the rate of interest from 294 t054% per annum increases his yearl 7710 55% per annum increases his yearly income by & 25, IL. The sum invested gets doubled, when invested 21% pa fr year 4. What perontaye of simple intetest per annumn did Anand pay to Deepak ? Tr Anand borrowed & 8000 from Deepak for four ut, Anand retumed € 8800 to Deepak at the end of two Years and settled the loan 5. A man boriowed a total sum of € 24000 from two moneylencers. For one loan, he paid interest @ 7}%pa, and forthe other 9% p.a, How much money did he borrow at each rate ? I. The sum of the interests after one year was % 2025. II, The interest on one sum was twice that on the other. 6, What is the sum which earned interest ? 1. The total simple interest was % 7000 after 7 years. Tl. The total of sum and simple interest was double of the sum after 5 years 7. How much money did Gagan borrow from a bank? I. Gagan paid a total simple interest of & 32000 at the end of 5 years. TL. The interest at the end of 2 years was one-tenth of the money be borrowed. 8, What is the rate of interest p.c-p.a.? (Bank P.0, 2000) I. The amount doubles itself in 10 years. IL. ‘The simple interest accrued in 5 years is ® 5000, Directions (Questions 9-12): Each of the questions given below consists of a question followed by three statements. You have to study the question and the statements and decide which of the statement(s) islare necessary to answer the question. 9, What is the principal sum ? I. The sum amounts to € 690 in 3 years at S.L IL, ‘The sum amounts to & 750 in 5 years at S.L IIL, ‘The rate of interest is 5% pa. @) Land Il only (® land III only (© Land I only (@ Land Ill only, or I and III only (© Any two of the three 10. In how many years will a sum of money put at simple interest treble itself ? 1. The interest earned in 4 years is half the sum. Uh The rae of interest 122 TIL. The sum doubles itself in 8 years at simple interest. (@) Any one of the three (0 AIL I and It (Land I only 11, What is the principal sum? (SNAP, 2009 1. The interest amount after 30 months is half the interest amount after 5 years. TL. The sum amounts to ® 1050 in 5 years at simple interest rate. IIL, The rate of interest is 8% pa @ Land Il only ( I and Il only (Land Il only (@ Land MM only, of I and Il only @Any two of the three @) and MI only ‘SIMPLE INTEREST 12. What is the rate of simple interest per annum? (RBA, 2000) . An amount of & 7500 increases by € 1125 at the end of one year. II, The principal amount of % 6000 increases by IIL, Interest accrued on an amount of & 5200 in 3 years is & 2340. (@) Any one of the three ( Only 1 (©) Only It (@ Either I and Il or III only (©) None of these —J—_ EE oe —__—_ 2 @ 2 @ 3@ 40 50 three times in 20 years. L@ 1. 60 70 &§@ %@ 10 @ —_@ ki oa _—__ wos But, P is unknown, So, we cannot find R. So, given data is insufficient to get R Correct answer is () 50, 2. Given : SI, 1. gives, R TL gives, \=z| 10x52 |_e 59, 10x10 Thus, I and I together give the answer. Correct answer is (0) ippose X invests € 10 years. = (lx = 39x) (25 x 800) => Thus, [only gives the answer 0. SL=Tx, R= 8% and 2) Thus, P is not obtained Talone is sulfcent to get the answer and Ils nat Bulficient to get the anewer: Conrect answer i 4. Let the rate be Roe pa 1 gives, P= BOD and T= 4 years gives, I. = 8 (8900 ~ 8000) = 80D, 100xs (est 1 te pa. 2. PxT 800034 Thus, I and Il both are needed to get the answer. Correct answer is (¢). 5. supp heborowed at 7224 pa, and € 300 —») 9% pa 1 tines i 2 (owt efamen-apnes} ame 2025, ‘This gives x UL gives, Interest on & (24000 ~ 3) [ox ‘Thus, data in I as well as in Il are sufficient to answer the question 2 x (interest on & 3) 9 = (24000-2)x x ¢ oxaa This gives x Correct answer fs (0). 6, Let the sum be & x 1. gives, SI = € 7000 and T = 7 years. Ml gives, Sum « SI. for 5 years - 2 Sum = Sum = Si. for 5 years Now, SL for 7 years = & 7000 Sik for 1 year = % 220° =z 1000. y 7 SIL for 5 years = & (1000 x 5) = & 5000. ‘Thus, I and Il both are needed to get the answer. Correct answer is (). 7. Let the sum be & x 1. gives, SI. = € 32000, T= 5 yrs so0xs.)_| 1% |, PxT xx2 }° «(EE ere UL gives, SL Using 1, we get ‘Thus, I and Il together give the answer. Correct answer is (). 8 QUANTITATIVE APTITUDE L gives, P=@x,SL=®2, wate E22) (SR pow T= 10 yrs, ext | { sxi0 TL gives, SI. = 5000, T= 5 yrs Since P is still unknown, R cannot be calculated. Thus, only I gives the answer. Correct answer is (2) 1 Let the sum be @ x. From I and HI, we have: A = € 690, T= 3 yrs, R +289 90-9 x3 10 » =54 690 => 3% — 690 20 69020 2 From I and Ill, we have: A = & 750, T ss 600 S yrs, ey SKIKE 100 50 =» S750 150 => xX a From I and Il, we have: Let the rate be Ri pa. XRX3 Then, «+2 @ 2XRXS And, «+225 “a, Dividing (i) by (), we get ( = 69 (1000 + SR) = 120 75 (4000 + 3R) 0 > Rk ry = Sin (), we get: x(1+2 rating R= 5n wee a(t 690100 is Clearly, any two of the three will give us the answer. = 600. Correct answer is (0 10, 1. 2 Let sum be € x. Then, SI. = € Gr - x) = €2x, T=? I. gives : When T= 4, then = WORSE (00% 2151 )o12)% pa PXT Pay ry Now, Sum =x, SL.=€ 2x, T=? 100%S41._(100%2x, 5 PRR | xx25 6 years, Thus, I only gives the answer. : 1h gies R= Brepa 100%S1,_(100%2 PRR | xxas ‘Thus, IT only also gives the answer. MIL gives, R 2} rbyear ‘Thus, I only also gives the answer. Correct answer is (2). Let the sum be € x rly, the fact given in T always hold true, irrespective of the sum. $o, I'does not give us the answer. From Il and Ill, we have: A = 750, T'=5 yrs, R = 8% Thus, Il and Ill together give the answer. Correct answer is (). 1. gives, P = & 7500, $1 pe (200282.),_(100%1125 px || 50000 Thus, I only gives the answer. IL gives, P = % 6000, SI. = & 18000, T = 20 yrs. R eae 5%. “000% 20 Thus, If only gives the answer IIL gives, P = © 5200, SI. = ® 2340, T = 3 yrs = (1002340 Vy, sy S200%3, Thus, Il] only gives the answer. Correct answer is (a). 23 Compound Interest ‘ocean sera e ee, aac lst ea algun ero aerns ae eat ates sce eae (cs et eee eee et ete mena ene ceca eto leet eae cae ne neeo I cages itecen aman ord eres Sonoma trial he Compeeea Teter (ebbreited os CL) otha pred IMPORTANT FACTS AND FORMULAE Let Principal = P, Rate = R% per annum, Time = 1 years. I. When interest is compounded Annually: Rw Amount = P(t) 1, When interest is compounded Half-yearly: - (Ray Amount pits a UL, When interest is compounded Quarterly: - qr/ay Amount pits a | IV, When interest is compounded Annually but time isin fraction, say 32 years. 2 2R = P(1+ 2) x}a+ 5 Amount (t 4) 1 100 V. When rates are different for different years, say R,%, R,%, Ry% for Ist, 2nd and 3rd year respectively. Jor \0 a) VI. Present worth of € x due 1 years hence is given by: 9) 5 Se AS ed Ex. After 3 years, how much compound interest will be obtained on & 7800 at the interest rate of 5% per annum? (RB, 2008) ¢ (rs 22h 24 0 Then, Amount = P( Present Worth = ‘ol. Amount = |7800x{1+—2) | wre (361179) ao} CL. = & (9029.475 — 7800) = & 1229. 475. 909.475, 663 QUANTITATIVE APTITUDE Ex. 2. Sol. Ex. 3, Sol. Ex. 4. Sol. Ex. 5. Sol. Ex. 6 Sol. Ex. 7. Sol. Find the compound interest on % 8000 at 15% per annum for 2 years 4 months, compounded annually. (c2r0, 2007 Time = 2 years 4 months Amount =€ |an00x{1+ eint09 CA. = & (11109 — 8000) = & 3109. Find the compound interest on & 10,000 in 2 years at 4% per annum, the interest being compounded half- yearly. (S.C, 2000) Principal = € 10000; Rate = 2% per half-year; Time = 2 years = 4 half-years, iL 2) (EY = =(B) sn=3 sn 042} ease (Y= (22) = (YY ne Hence, required time = 3 years. COMPOUND INTEREST Ex. 8. At what rate percent per annum of compound interest will € 1600 amount to © 1852.20 in 3 years? (SSC, 2007) Sol. Let the rate be R% per annum, Then, . vB) vo (1B ] =a RY _ 1852.20 _ 18522 > (4+ ee 300} ~~ 1600 ~ 16000 2 (vk (af io0 3000 “(20 RM RI 0020 * 30d ~20 Hence, rate = 5% pa x. 9. Find the sum of money which will amount to € 26010 in 6 months at the rate of 8% per annum when the interest is compounded quarterly (Seaton Ofer, 206 Sol, Amount = € 26010; Time = 6 months = 2 quarters; Rate= 8% pa. = 2% per quarter. Let the sum be € x Then, 21 2y 5151 xx (14-2) ~ 26010 (8 (mais) = >("S5)) _( 25010310%50%50 BDI Hence, required sum = & 25000. = 2500 same sum at the same rate and for the same period. Sol. Let the sum be € x, Then, cas fxxf1+ 22 | | = (Mey) = ee 3100 216 216 17x 1270x216 Fig = 270 or x= SE = 2160. Thus, the sum is € 2160, 505 1 s1€ (2160x2x3x1) - ¢ 1 sing (2160x5555) = € 080 Ex. 11. The compound interest accrued on an amount of € 22000 at the end of two years is € 5596.80. What would be the simple interest accrued on the same amount at the same rate in the same period? (Bank ¥.0,, 2008) Sol. Let the rate be R% p.a. Then, R we | = + 5596.80) = 275% 2200 (: 7 j (22000 + 5596.80) = 27596.80 2 2 . (» RY _ 275968 (3) ‘Too } ~ 220000 | 25. a (4 )-354-3 seen. i) Bs 1 oe (BEE) cow QUANTITATIVE APTITUDE Ex. 12: If the difference between the compound and simple interests on a certain sum of money for 3 years at 5% per annum is ® 15.25, find the sum. (Cro, 2006) Sol. Let the sum be ® x. Then, ox 5 So, Foy = 1525 p= 15:25%8000 _ say a Hence, required sum = % 2000. Ex. 13. The difference between the compound interest and the simple interest accrued on an amount of 18,000 in 2 years was © 405. What was the rate of interest [Link].a.? Sol. Let the rate be R% pa. Then, 18000(1 +) —1g000 | -{ 28000* Rx2 100 100) 405 (00+ RY 2K] _ 70000 | Yoo = 190 (100 +R)? - 10000 - 2001 = 18000) 10000 o ale 2 2405 wef Rate = 15%. Ex. 14. The difference between compound and simple interests on a certain sum of money at the interest rate of money. (sc, 2007 Sol. Let the sum be ® x. Then, s ai21, 21 wt [x(1eZ) x fee [foc cue [teas] oe [SS] (za ) -x|= ‘8000 |=24000. 1838000) ot Hence, required sum = & 24000. Ex. 15. Divide % 1301 between A and B, so that the amount of A after 7 years is equal to the amount of B after 9 years, the interest being compounded at 4% per annum. COMPOUND INTEREST Sol. Ex. 16. Sol. Ex. 17. Sol. Ex. 18. Sol. Ex. 19, Sol. Let the two parts be @ x and & (1301 ~ x). aes] ofa] 0 io oo at (teh = (28 (301%) joo } ~ (2535 <2 625x = 676 (1301 - x) = 1801x = 676 «1301 e> x = 676 So, the two parts are % 676 and % (1301 ~ 676) ie, & 676 and & 625. A certain sum amounts to & 7350 in 2 years and to & 8575 in 3 years. Find the sum and rate percent. (Campus Recruitment, 2010) SLL on 8 7350 for 1 year = (85; 100.1225 Rate = ( 10020225 Js, _ 162 " ( 73501 } Let the sum be & x. Then, 17350) = € 1225. aft cS) 7950 29 wxZx2 = 7350 29 x =(r250%38 a B 3100 Sum = € 5400, A swim of money becomes € 13380 after 3 years and € 20070 after 6 years on compound interest. Find the su. ([Link], 2007 Let the sum be & P. Then, RY 1K) L j » [reg] - 1 6 R and p (14-8) - li (i Ay 20070 ii) RY _ 20070_3 in dividing, we get: (1+) — 200703 om aviaing wee (Meas) = Fast Substituting this value in (9, we get; Hence, required sum = & 8920. A sum of money doubles itself at compound interest in 15 years, In how many years will it become eight times? (ra) = = (1-5) =2Pa2 0 R RY . rR). vat (eB) car (rogB) «see = [(k)'} losing 1 5 a fr RY af kV s naas 100 00 Thus the mgd ine = 45 yar Wat anal penn ilar det of 7 dn 3 east 162 pre compo ites! (3.0, 2007) Let each instalment be & x. Then, QUANTITATIVE APTITUDE (PW. of € x due 1 year hence) + (P.W. of € x due 2 years hence) + (P.W. of € x due 3 years hence) = 7620. = 7620 te wt] fis 1+ 3700 3x00 3x00 216x = 26x = x + 252x + 26x = 7620%3: SEE 1 AES = 7620 eo 294K + 2523 + 26x = 7620343 oo 7620%343) _ e59 782 Amount of each instalment ~ © 3430. Ex. 20. A TV, set is available for & 19650 cash payment or for & 3100 cash down payment and three equal annual instalments. If the shopkeeper charges interest at the rate of 10% per annum compounded annually, calculate the amount of each instalment. (8.c, 2008) Sol. Total cost of the T.V. set = € 19650. Down payment = € 3100, Balance = & (19650 ~ 3100) = & 16550. Let the value of each instalment be & x. Then, (P. W. of & x due 1 year hence) + (P. W. of & x due 2 years hence) + (P. W. of €x due 3 years hence) ~ & 16550 7) 10) 10 ¥ rete) (1422) (1420 100) {700} (*t00 10x , 100x , 1000x 100s. 1000% _ 16559 1211331 685i > 1210x + 1100x + 1000x = 16550 x 1331 => 3310 = 16550 x 1331 3310 Hence, value of each instalment = © 6655. xe (seas) = 668, EXERCISE (OBJECTIVE TYPE QUESTIONS) Directions: Mark (¥) against the correct answer: 1, What would be the compound interest accrued on, an amount of & 8000 at the rate of 15 pcp. in 3 years? @ank P.0, 2009) (@ & 4051 % 4167 (©) 8 4283, ( % 4325 (@) None of these 2. What would be the compound interest accrued on an amount of € 8400 @ 125 [Link]. at the end of 3 years? @ank P.0, 2010) (a) & 2584.16 (& & 3560.16 (©) © 3820.14 (a) % 4205.62 (©) None of these 43. The compound interest on % 2800 for 18 months at 10% p.a. is (LLCAD.O, 2008) (a) © 420 (8 434 (©) 436.75 ( % 441.35 4. The compound interest on © 20,480 at 6+ annum for 2 years 73 days, is 4 (@ % 2929 (© 3000 (9 @ 3131 (@ % 3636 per 5. A man saves € 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years ? (@) 2 565.25 () 635 (©) 8 662.02 (@) % 666.50 6.1f the rate of interest be 4% per annum for first year, 5% per annum for second year and 6% per annum for third year, then the compound interest of & 10000 for 3 years will be (CP, 2006 (a) & 1575.20 (@) & 1600 (6) € 1625.80 (@) & 2000 7. What will be the compound interest accrued on an amount of € 10000 @ 20 [Link]. in 2 years if the interest is compounded half-yearly? (bank F.0, 200) (@ 4400 (@) & 4600 (0 8 4641 (@) & 4680 (©) None of these 8. A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits € 1600 each on Ist January and ist July of a year. At the end of the year, the amount he would have gained by way of interest is: (@ e120 (oe 12 e121 (123 COMPOUND INTEREST 9% 10. u. oe 15, 16. What is the difference between the compound interests on & 5000 for 13. years at 4% per annum compounded yearly and half-yearly? (@ % 2.04 ()% 3.06 (9 480 ( % 830 Mr Duggal invested € 20000 with rate of interest @ 20 [Link].a. The interest was compounded half- yearly for first one year and in the next year it was compounded yearly. What will be the total interest earned at the end of 2 years? (Bank P.0, 2009) (a 8040 (&) & 8800 (©) & 9040 (@ % 9800 () None of these Find the compound interest on & 15625 for 9 months at 16% per annum compounded quarterly. (@ ©1851 (e941 (9) € 1951 (1961 . A man gets a simple interest of € 1000 on a certain principal at the rate of 5 [Link]. in 4 years. What compound interest will the man get on twice the principal in 2 years at the same rate? (Bank PO, 2010 ( & 1008 (@ @ 11025 (a) & 1000 (©) € 10125 (@) None of these }. The simple interest accrued on an amount of & 20000 at the end of 3 years is € 7200. What would be the compound interest accrued on the same amount at the same rate in the same period? (bank P.0, 2008) (a) © 8098.56 () & 8112.86 (0) 8 8246.16 (@ 8312.36 (©) None of these The difference between simple interest and compound interest on € P at R% pa. in 2 years is (Compas Recruitment, 2010) PR 2PR OR OD PR? PR? 8 T05 8 Too What will be the difference between the simple interest and compound interest accrued on an amount of € 19200 at the end of 3 years @ 12 pcp.a.? (8.81.P.0,, 2008) ( % 798.1824 (a & 862.6176 (a) % 722.6826 (©) 8 8025144 (©) None of these What will be the difference between S.1. and Cl. on a sum of % 15000 for 2 years at the same rate of 1 interest of 125% per annum? 2006) r 5% Ps HRB, 2006) 17. 18. 19. 20. a1. 2. 24, @ € 230.550 () % 234375 (0 8 250.128 (@) % 324.357 The difference between simple interest and compound interest on & 1200 for one year at 10% per annum reckoned half-yeaely is (@ % 2.50 83 (9 83.75 @ea (@) None of these A man borrows ® 4000 at 15% compound rate of interest. At the end of each year he pays back 1500. How much amount should be pay at the end of the third year to clear all his dues? (NMA, 2005) @ e874 ( % 82450 (oF 924.25 (a) € 974.25 Aman invests & 5000 for 3 years at 5% p.a. compound interest reckoned yearly. Income tax at the rate of 20% on the interest earned is deducted at the end of each year. Find the amount at the end of the third year. (Mar, 2009 (@ & 5024.32 () & 5627.20 (© ® 5630.50 (@) 7 5788125 The compound interest on € 30,000 at 7% per annum is € 4347. The period (in years) is (LCA, 2003) (@) 2 years o ay years (© 3 years (@ 4 years Compound interest accrued on an amount of 26500 in two years is € 9775.85. What is the rate of interest cpa? Wank P.O, 2010) @ 12% (17% (© None of these 15% (a) 2% . 2000 amounts to € 2226.05 in 2 years at compound interest. What will be the rate of interest? (SLC, 2000 @ 5% ( 5.25% (0) 5.5% (d) 6% A man invests % 4000 for 3 years at compound interest. After one year the money amounts to & 44320, What willbe the amount (to the nearest rupee) due at the end of 3 years? (RRB, 2006) (a) 8 4939 () 5039 (©) 5789 (a) & 6129 ‘An amount of & 10000 becomes € 14641 in 2 years if the interest is compounded half-yearly. What is the rate of compound interest [Link].? (Bank ¥.0, 2009) @ 10% (9 16% (0 None of these 12% (@) 20% 25, 26. 27. 28, 29. 30. 31, 32, QUANTITATIVE APTITUDE The principal that amounts to % 4913 in 3 years at 62 pe annum compound intrest compounded annually, is (SSC, 2005) (a) © 3096 (&) & 4076 (©) 4085 (4096 The present worth of & 169 due in 2 years at 4% per annum compound interest is (a) & 150.50 (b) & 154.75 (9 € 156.25 @ 1s The compound interest accrued on an amount at the end of 3 years @ 15 prepa. is € 6500.52, What is the amount? (B10, 200) (a) = 10500 (b) & 12480 (c) & 13620 (d) % 14800, (¢) None of these In how many years will a sum of & 800 at 10% per annum compounded semi-annually become & 926.10? (65, 2m0 1 1 (@) 15 years (15 years (92) yeas (024 years If the compound interest on a sum for 2 years at dy 5 iterest on. 124% per annum is € 510, the simple interest the same sum at the same rate for the same period of time is (S8.C, 2008) (a) & 400 ( & 450 (©) 460 (a & 480 The compound interest on a certain sum for 2 years at 10% per annum is & 525, The simple interest on the same sum for double the time at half the rate percent per annum is (a) 400 (& & 500 (©) & 600 (a % 800 The simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on & 4000 for 2 years at 10% per annum. The sum placed on simple interest is (a) 1550 (& & 1650 (©) 1750 (a % 2000 There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of @ 12,000 after 3 years at the same rate? (a 2160 (3120 (©) 3972 (a & 6240 (©) None of these 33. The compound interest earned by Sachin on a cer- tain amount at the end of two years at the rate of 8 [Link]. was € 1414.40, What was the total amount that Sachin got back at the end of 2 years in the form of principal plus interest earned (SBLP.O, 2010) () 7 9014.40 (at 9914.40 (@ ® 914.40 (ot 9414.40 (0 None of these 34. The compound interest accrued on an amount of % 25500 at the end of 3 years is % 8440.50. What ‘would be the simple interest accrued on the same amount at the same rate in the same period? (Bank P.O, 2009) ( & 5650 (a & 7650 (@) © 4650 (©) & 6650 (©) None of these 35. Sriram invested equal sums of money in two schemes. Under scheme X, the compound inierest rate was 10 [Link] under scheme Y, the compound interest ate was 12 [Link].a. The interest after 2 years on the sum invested in scheme X was & 63. How much is the interest earned under scheme Y after 2 years? Bank P.O, 2006) @ % 7056 () © 7632 (0 & 79.0272 (@ & Cannot be determined (6) None of these 36, The difference between the amount the amount of compound interest and simple interest accrued on an amount of % 26000 at the end of 3 years is % 2994.134, What is the rate of interest [Link].a.? Bank P.O, 2005) (@ 17% (©) 2% (@ Cannot be determined (©) None of these 19% 37. The difference between compound interest and simple interest on a sum for 2 years at 8 per cent is €768. The sum is (@ ® 100000 (@ 110000 (0 € 120000 (@ & 170000 38. The compound interest on a sum of money for 2 years is € 832 and the simple interest on the same sum for the same period is & 800. The difference between the compound interest and the simple interest for 3 years will be @r4s (0 8 9856 () 8 66.56 (d) None of these COMPOUND INTEREST 39, 40. 41. 43, 45, 46, The difference between the simple interest on a certain sum at the rate of 10% per annum for 2 years and compound interest which is compounded every 6 months is € 124.05. What is the principal sum? (@ % 6000 (&) & 8000 (©) & 10,000 (@ % 12,000 (@) None of these The difference between compound interest and simple interest on a sum for 2 years at 10% per annum, when the interest is compounded annually is @ 16. Ifthe interest were compounded half-yearly, the difference in two interests would be (@ % 2481 () 26.90 (9% 3161 (@ 832.40 A money-lender borrows money at 4% per annum and pays the interest atthe end of the year. He lends it at 6% per annum compound interest compounded half-yearly and receives the interest at the end of the year. In this way, he gains € 104.50 a year. The amount of money be borrows, is ($8.c, 2007) (a) © 4500 (® & 5000 (©) © 5500 (a & 6000 A sum of money lent at compound interest for 2 years at 20% per annum would felch & 482 more, if the interest was payable half-yearly than if it was payable annually. The sum is : (@ 10,000 ( 20,000 (©) & 40,000 (@ © 50,000 On a sum of money, the simple interest for 2 years is & 660, while the compound interest is % 696.30, the rate of interest being the same in both the cases. The rate of interest is @ 10% 105% (©) 12% (@ None of these The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is ($5.C, 2005) (a) 6.06% (8) 6.07% (©) 6.08% (a) 6.09% A person lent out a certain sum on simple interest and the same sum on compound interest ata certain rate of interest per annum, He noticed that the ratio between the difference of compound interest and simple interest of 3 years and that of 2 years is 25: 8, The rate of interest per annum is (LA-T, 2005) (a) 10% 11% 1% A (©) 12% @ 25 A father left a will of € 16400 for his two sons aged. 17 and 18 years. They must get equal amounts when they are 20 years, at 5% compound interest. Find the present share of the younger son. (RRB, 2008) 7. 49, 51. 52, (@ & 8000 ( € 8200 (0) & 8400 (a) & 8800 Divide @ 8840 between A and B so that the amount received by A at the end of 8 years may be equal to the amount received by B at the end of 10 years, compound interest being at 10% per annum. (ssc, 200 () & 4840, T4000 (a) & 5240, 3600 (a) 8 4640, & 4200 (©) € 5000, & 3840 |. Mr, Dua invested money in two schemes A and B offering compound interest @ 8 [Link].a. and 9 [Link].a. respectively. If the total amount of interest accrued through two schemes together in two years was 4818.30 and the total amount invested was € 27,000, what was the amount invested in Scheme A? (@ 12,000 (13,500 (0 € 15,000 (@ Cannot be determined (0 None of these A sum of money put at compound interest amounts jn 2 years to @ 672 and in 3 years to ® 714. The rate of interest per annum is Pes, 2009 @) 55% (6.0% (0) 6.25% (a) 6.75% |. A sum of money invested at compound interest amounts to @ 4624 in 2 years and to @ 4913 in 3 years. The sum of money is (2) 4096 ( & 4260 (©) 84335, (@ 4360 A sum of & 12,000 deposited at compound interest becomes double after 5 years. After 20 years, it will become Sc, 2010) (a) 96,000 (&) & 120,000 (©) © 1,24,000 (@ & 1,92,000 [Link] of money at compound interest doubles itself in 15 years. It will become eight times of itself in (SS, 2010 (a) 45 years (©) 54 years (6) 48 years (@ 60 years A finance company declares that, at a certain compound interest rate, a sum of money deposited by anyone will become & times in 3 years. If the same amount is deposited at the same compound rate of interest, then in how many years will it become 16 times? (LA-T, 2007) (@) 4 years (©) 6 years (5 years (a7 years ca QUANTITATIVE APTITUDE 54. A sum of money lent out at compound interest increases in value by 50% in 5 years. A person wants to lend three different sums x, y and 2 for 10, 15 and 20 years respectively at the above rate in such a way that he gets back equal sums at the end of their respective periods. The ratio x: y :z is (4.0. Exam, 2010 (69:4 W946 (9: 6:4 ()6:4:9 55. The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is (NET, 2003) @s ws os 6 56. A man borrows © 2550 to be paid back with compound interest at the rate of 4% per annum by the end of 2 years in two equal yearly instalments. How much will each instalment be? (a 8 1275 ( € 1283 (9 8 1352 (81377 57. Under the Rural Housing Scheme, the Delhi Develop- ment Authority (DDA) allotted a house to Kamal Raj for & 1,26,100. This payment is to be made in three equal annwal instalments. If the money is reckoned at 5% per annum compound interest, then how much is to be paid by Kamal Raj in each instalment? (MAT, 2000 (o © 45205 (&) & 46305 (9 8 47405 (@) @ 48505 58. A taperecorder is sald for & 3500 cash, or & 1000 cash down payment gnd the balance in three equal easy instalments. [1255 isthe rate of interest compounded annually, find the amount of instalment. (RRB, 2005) (a) & 1000.35 () € 1049.85 (0) % 1050.65 (110045 59, One can purchase a flat from a house building society for % 55000 cash or on the terms that he should pay % 4275 as cash down payment and the rest in three equal instalments. The society charges interest at the rate of 16% per annum compounded half-yearly. If the flat is purchased under instalment plan, find the value of each instalment. (MAT, 2005), (a) ® 18756 (b) & 19292. (©) © 19683 (a) & 20285 60. What annual payment will discharge a debt of % 1025 due in 2 years at the rate of 5% compound interest? (a) © 550 () 551.25 (©) © 560 () & 560.75 61 65. 67. A man borrows & 12,500 at 20% compound interest. At the end of every year he pays & 2000 as part repayment. How much does he still owe after three such instalments? (a) ® 12,000 (©) % 15,600 () 8 12,864 (@) None of these . A sum of money is borrowed and paid back in ‘two annual instalments of & 882 each allowing 5 compound interest. The sum borrowed was (a) € 1620 ( F 1640 (©) % 1680 (@ % 1700 . The sum of money which when given on compound interest at 18% per annum would fetch & 960 more when the interest is payable half yearly than when it was payable annually for 2 years is {SSC—CHSL (1062) Beam, 20151 (8) & 30,000 (@ % 50,000 (@ 7 60,000 (9 % 40,000 . On what sum of money will the difference between simple interest and compound interest for 2 years at 5% per annum be equal to & 63? {SSC—CHSL (10 + 2) Exam, 20151 (a) % 24600 (b) & 24800 (@ © 25200 (a & 25500 At what rate of compound interest per annum will a sum of @ 1200 become & 1348.32 in 2 years? IS8C—CHSL 102) Exam, 2015 (b) 6.5% ( 6% @ 75% (© % . The compound interest on a certain sum of money for 2 years at 10% per annum is ® 525. The simple interest on the same sum of money for double the time at half the rate percent per annum is? [RBI Gr. “B" (Phase 1) Exam, 2015] (a) 7 1000 (@) & 500 (©) € 200 (a) & 800 Shashi had a certain amount of money. Hie invested ofthe total money in scheme A for 6 years and rest of the money he invested in scheme B for 2 years. scheme A offers simple interest at a rate of 12% p.a. and scheme B offers compound interest (compounded annually) at a rate of 10% paa. if the total interest obtained from both the schemes is 2,750, what was the total amount invested by him in scheme A and scheme B together? (Approximate value) [UBPS—Bank Spl. Officers (1) Exam, 2015] (a) © 4500 (&) & 4200 (©) % 4050 (a) & 5000 . The difference between Cl and SI on a certain sum of money for 3 years at 5% [Link]. is © 122, Find the sum invested, UIBPS—RRB Office Assistant (Online) Exam, 2015] COMPOUND INTEREST (@ % 10000 (6) ® 12000 (6 © 16000 (@) © 20000 69, What is the difference between the compound interests on @ 5000 for 1 year at 4% per annum compounded yearly and half yearly? ($SC—Junior Associates (Pre) Exam, 2016] @2 ) w4 (©) None of these ——_@EEE oe L@ 20 3.0) 4. (@) 5 TL (0) 12. (e) 13. (a) 14. (@) 15. 2.0 20 BH wd 23. 31. (c) 32. (0) 33. (d) 34. (d) 35. 4. (6) 42. (b) 43. (d) 44. (d) 45. 1 82 @ 53 @) BLO) 61. (a) 62. (b) 63. (d) 64. (0) © @ @ ® @ 5. (B) 5d) 6@ 70 8&0) %@ © 16. (6) 17. (b) 18. (a) 19. (@) 20. (a) 26. (c) 27. (b) 28. (6) 29. (d) 30. (H) 36.0) 37.(0) 38 (0) 3%. @) 40. (a) 46. (2) 47. (b) 48. (a) 49. () 50. (@) (0) 57.) 58. @) 59. (0) 60. (8) 66. (b) 67. (d) 68. (c) 69. (a) 0x28 23,28) _ ¢ r2167 3" 20*30 | = Ie CL = € (12167 ~ $000) = € 4167 2 Amount =€ |8400x{14 « (si00geg) \ }I v3 = ¢ (8225) ~ 11960156 = ¢ 11960186 CR CL = (11960.16 - 8400) = € 60.16 0 Y,, 5 Amount = | 2800%{14 20. Y ae ‘| { 100 f. wl Aust = fans exfndbl2ad). C1 = 930-2040) =m a ote Ss] v0fteass +200(1+5 ion) *2°°(!y00) a. 20" 20 i = € 66202 “= ( 10000x: 25 “2050 | L_=€ «157520 ~ 10000) = 157520. P = 10000, R = 20% pa. = 10% per half-year; T =2 years = 4 half-years Amount = {rman +20 Ca. = & 821 ~ 3200) = & 121. CA. when interest is compounded yea Ak dx} 00 "|" 00" am | =e soon = & 5306.04 Difference ~ (6306.04 ~ 5304) = € 2.04 QUANTITATIVE APTITUDE «fawnrdbdae) ea A & |15625%{144 mount = (+06 x (15625: 17576. 26.26 %) CL = & (17576 ~ 15625) 100%1000 ) 12. Principal = & 5000. Bed 10000, 1 Now, P 2 years, R 5 Amount & | 10000(1+ 5 Amount & | 1000 a} = ¢ {100002422 ‘ 20°20 11025 ~ 10000) = & 1025. a Bp) > € ns. 100, R= 12%, T = 3 years. 8098.56, ae [PRE 2PR as PR? 2PR|_2PR PRE ene =t [[ E22] og oat [ deo a] = [ae cx = [isa0( 1+) as200] it (esse -1s200) = € (26974.6176 - 19200) = & 774.6176. Difference = € (7774.6176 ~ 6912) = % 862.6176. 1. vy, 18, we. 20, sh=® rsmoxZ xan | = ©3750. 206 [ssf] cL 1500022 15000 vs Difference 234378, su = = (BRNTAT) _ x 109, 100 : +1 <2 [au J oo x [isso tam) (2) = a = ae i) ~ Sau ~ om = 2 years, 21. Let the rate be RY pa. Then, 26500 (+8) = 26500 + 9775 00. (14 BY 3627885 _ 13689 _(n7 Joa} “2650000 Too00 “(Foo RW? RW sis RR seo 1% 22, Let the rate be R% pa. R en, 1 05 Th 20 7 j 2226.05 (+ S} 322605 _ 44521 _(2117 > (19355) “ws” (0) Rm ‘Too 200” Too 23. Let the rate be Rs pa =I : eo (0B) <0 wo Bs 18 T0000 ~To0 : ct er 3 gen = [a 8, nou ater syns tote] 4000 222427) (629858 2535 35 2 = € 5038.848 ~ 5039, 8 ek R 2 Lette robe Rep Then 0m (1+ A) weed (117 148 aT yo000 (70) "300" 70 25, Peincpal = ¢ | 283 16 16, 16 at (1913181838) oe gu « [orsipaapiy) = 26, Present worth = € [1 4 fosh 3535 169528, 56.25, « (tx) - ess 27. Let the sum be @ x. Then, 6500.52 2 « > oZ 6500.52 12167 - ae 500.52 00 6500. 4167 — cos = SSR - esoose x {2500528000 ) _ 499, 67 28, Let the time be m years. Then, 9261 3000 sm wo (1 5) myn (2h oe (BY 29, Let the sum be & P. Then, s 1920. 192025 x2 BRO?) _ ga ( 2100 } * 50. Let the sum be €P. - BO) - asm Sum = € 2500 250054 so st =e (24) 10} 3. ch = [a0 {0+ fan 12. on) 400% 34000) «x 40 207100)» ng som =< (28°) er $2. Le P= € 100, Then, Sd. = € 60 and T = 6 years. tooo oO 0% pa Now, P= € 12000, 7 = oo 10 . -{ ay. 00 cnet frm fsety al] cen wont) 372, 36 QUANTITATIVE APTITUDE Let the sum be ® P. Then, - p (1-8) po rmas (is) ° > (mn 3): Po teaan 2 reine Hence, total amount = & (8500 + 1414.40) = % 9914.40, Let the rate be € R% paa. Then, : sso [1B] 0 ono 33940.50 _1381_(11 725500 3000" (10. vies = [oft fo] 22), ws fae . «{[sw-22!) a] cro Let the rate be R% p.a. Then [aso SY ao] (0008) (3 RY. 3R . > une [B,J 1-28] - woes (io 1000-3000 > 26 {1000000 + R® + 300K (100 + R}}~ 1000000 ~ 30000R} 290414 = 115159 2994134 2 R + 300R? = 2294134 001 3 9 > R= 19 = RR + 300) =1 37, Let the sum be ® x. Then, cure f(t] -] ne =¢ (Bes) -« (8 ene (228%2 1-2 (2B) -e[ oie ay 625 5 a =H -78 *) 120000. 4 38, Difference in CI. and SIL. for 2 years SIL for 1 year = € 400. SIL on € 400 for one yea 100332 mx), 400%1 vm Hence, difference in Cl. and Sil for 3rd year = S11. on wn sone EE) ee sna [ 194481 192000 760000 12405 160000 00 “248i 40, For first year, $1. = CL Now, i is the SI. on Si. for 1 year FiO is SU. on F 100. p] 194881 6) _ 12405 Teo000 5!" T00- Tis sont (a6) e0 Se Sn pin or year at 108 1 10 aa | =e Amount for 2 years compounded half yearly ~ x ps5} ee CL. =F (194481 ~ 1600) = € 34481 gh we {1800102 _ g a5 100 (C1) = G1) =F G48] ~ 320) = E2481 COMPOUND INTEREST 41, Let the sum be ® x, Then 26x x -()-<{3) Tooo9” 25 = 145° 208% = Fo000 10450510000 ose [ we 42. Let the sum be ® x. Then, Ci when compounded hal-yeaely an( 122) oa] A0H iw) ~*) Too Ci. when compounded analy [a(-w)- | By 10450 ) = soo, 4st Me gp Tom" 25 4210000 or = B20 oon 48, Difeence in C1. and SI. for 2 yeas = (6960 = 60) = 3630 Si. for one year = © 330, SLL on € 330 for I year = € 3630, Rate = [100%3639 Jo, — ny, 3301 44, Amount of & 100 & 1 year when compounded half : wot onsed] mi 106.09 ~ 100)% = 6.09%. 45. Let the principal be © P and the rate of interest be R’ per annus, Difference of CI. and SL. for 2 years i RY p|_(PxRx2 PRE =|) SR Dien of Ct and for yea oR) it we a8) Te fective rate PR? (300>R ia) _s PRE 8 we = (24) 45. Let the shares of the younger and elder sons be ® x and (16400 = x) ‘Then, Amount of &x after 3 years =») after 2 years 5 sy wf) cnn en 58} : >2(04385) = eono—» Amount of & (16400 ax DD six wD = By x= 15100 16400 (same) e000 a 47. Let A’s share = € x and B's share = € (8840 ~ x), oe eso» (1+) on (BF saat [raf(oeg)-3}-com-of(1-5) =] ) <8 = 4818.30, 104), 1881 (27000-x) _ 481830 = (5) imo ‘€9 1664 + 1881 (27000 — x) = 48183000 -€2 (I881x ~ 1654x) = (50787000 ~ 48183000) -¢2 217s = 2604000 49. SIL. on & 672 for 1 year Tis — 67) = 742. ion) (Gar) co QUANTITATIVE APTITUDE 50, SI. on € 4624 for 1 year = © 4913 ~ 4628) = © 289. (ze) 1 Rares ae Now, x ( + Fa 52. 4) RY_ R ws rie aan 3 (oo B 16 = 2 = (26/9 sna Required time = 4 years. a wu ries (oa 57. Sx _27y_8lz > pa Stase =k (ay) 16k se 16k a 16= 96:4. some, (ByeBoe8 Now, (S555 Let the value of each instalment be @ x. Then, (P.W. of & x due 1 year hence) + (P.W. of & x due 2 years hence) > 2So,n=4 yan 2550 ; ve (i ou a 1S Value of each instalment = € 1352, Let the value of each instalment be @ x. Then, (P.W. of & x due 1 year hence) + (P.W. of & x due 2 years ) = 1982 heme) SOFA of do eas hen) © 1 ha] my my 126100 100} 100 100 SAH ‘Total cost of taperecorder = & 3500, Down payment = € 1000. Balance = & (3500 ~ 1000) = ® 2500, Let the value of each instalment be & x PW. of € x due 1 year hence + PW. of € x due 2 years hhence + P.W. of € x due 3 years hence = 2500 2500%729 1736 Total cost of the flat = ® 55000, Down payment = € 4275, 1089.83 = 1049.85. COMPOUND INTEREST Balance = & ($5000 ~ 4275) = © 50725 year, Rate of interest = 8% per hal Let the value of each instalment be & x P.W, of € x due 6 months hence + P.W, of € x due 1 year hence + PWV. of x due 12 yeas hence = 50725 = at = sures oe) (ire) (am) 25, 625 Cs 2 or ne 96s = 90775 sors . sons T9685 sara 9689 (27S an 60, Le each instalment be & Ten, 7 1005 7 aft 02h) 5 cox = (SEH!) sia So, value ofeach instalment =® 55125 61, Balance : 2o00s(1+22) + fawox(saayl i +2000%(1+ 22) + 200 im 6,6 2o00 x88 = 2 |(2so0x8ta2 aos + 2000.8 +20 2100 = e880 + 2400+ 200) = @ 1600 62. Principal = (P.W. of € 882 due 1 year hence) + (P.W. of © 882 duc 2 years hence) 882 sy ] 20) 63, Rate of interest = 18% Time = 2 years When the interest is payable half yearly. Then, rate of interest = 9% per half annum. Time = 4 half years. Let the principal be & x 64. x [14116 - 1] = & 0.4116x According to the question. “eat (ea) =x [oe] =x (1a%t—1) = o3nat x ‘According to the question oatter ~03924x = 960 > ont = 960 :960%10000, 192 Hence, sum of money 50,000 50,000 Time Rate of interest = 5% per annum. According to question, rea) Pxrxt 100 5, p(102510000')_10P | 0500} a00 > 25P = & 630000 » P= 20000 25209 Hence, sum = €2520 Given amount = 124832 120 2 yeas Principal ‘And tims QUANTITATIVE APTITUDE 66, 67. = 14832_/,, RY Ta (2*106 = BER RY Ta0000 ~(?* 00 = BBS 1k) Too00 “(2* For 106Y _(,, RY 00 106 +8 214K io T00 > R = 6% per annum. Lt the sum of money be & P wwe [P(teq5)-#]-e [tei -*} 2 =(z)- 25 = (Bhs 21 er(2h-s » (ia) a 2500 ‘Sum of money = € 2500. ‘Simple interest on the same sum ©2500 for 4 (double the time) years at 5% (half the rate of percent per annum) spe (ea 20s) 500 so sta (20 2 op eM 2 years at a rate of 10% pa 2 aed. Ze atta) “3° tos According to given information we get ‘er 7x = 8, Bears s5x=2750%100 2750x100 = #5000 68, Rate of interest vepepn ine 3 seth c= t= 85) +969) oil) Gay] 15,75 = 122-1 sams 05 ) _ pf 12527500 = of 7525

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