Noida Institute of Engineering & Technology
SIMPLE INTEREST AND COMPOUND INTEREST
Q.1 Find the simple interest on Rs 500 for 5 years at 10% per annum.
(a) Rs 500 (b) Rs 125 (c) Rs 250 (d) Rs 350
Q.2 The simple interest on a certain sum of money at 4% per annum for 4 years is
Rs 80 more than the simple interest on the same sum of money for 3 years at 5%
per annum. Find the sum
(a) Rs 4000 (b) Rs 8000 (c) Rs 4030 (d) none of these
Q.3 In what time will be Rs 2000 amount to Rs 2500 at 10% per annum simple
interest?
(a) 2.5 years (b) 1.5 years (c) 2 years (d) 5 years
Q.4 A sum of money at simple interest amount to Rs 1045 in 5 years and to Rs
1111 in [Link] sum is
(a) Rs 945 (b) Rs 715 (c) Rs 845 (d) Rs775
Q.5 In what time does a sum of money become four times at simple interest rate of
5% per annum?
(a) 60 years (b) 61 years (c) 63 years (d) 65 years
Q.6 An amount becomes 4 times in 7 years when invested under SI at a certain
rate. In how many years will the amount become 16 times of the original amount at
the same rate?
(a) 30 years (b) 28 years (c) 21 years (d) 35 years
Q.7 Two equal amounts of money are deposited in two banks, each at 15% per
annum, for 3.5 and 5 years. If the difference between their interest is Rs.144, each
sum is:
(a) Rs.460 (b) Rs.500 (c) Rs.640 (d) Rs.720
Q.8 The simple interest on a sum of money will be Rs.600 after 10 years. If the
principal is tripled after 5 years, what will be the total interest at the end of the
tenth year?
Noida Institute of Engineering & Technology
SIMPLE INTEREST AND COMPOUND INTEREST
(a) Rs.600
(b) Rs.900
(c) Rs.1200
(d) Data inadequate
Q.9 If a sum of money at a certain rate of SI doubles in 5 years and at a different
rate of SI becomes three times in 12 years then better rate of interest is in
(a) Case 1
(b) Case 2
(c) Equal in both
(d) Cant be determined
Q.10 A sum of money becomes Rs.6690 after three years and Rs.10035 after 6
years on compound interest. The sum is:
(a) Rs.4400 (b) Rs.4445 (c) Rs.4460 (d) Rs.4520
Q.11 The difference between simple interest and compound interest on a sum for 2
years at 8%, when the interest is compounded annually Rs.16. If the interest was
compounded half-yearly, the difference in two interests would be nearly:
(a) Rs.16 (b) Rs.16.80 (c) Rs.21.85 (d) Rs.24.64
Q.12 The least number of complete years in which a sum of money put out at 20%
C.I. will be more than doubled is:
(a) 3 (b) 4 (c) 5 (d) 6
Q.13 A sum amounts to Rs.2916 in 2 years and to Rs.3149.28 in 3 years at
compound interest. The sum is:
(a) Rs.1500 (b) Rs.2000 (c) Rs.2500 (d) Rs.3000
Q.14 The difference between simple interest and compound interest at the same
rate for Rs.5000 for 2 years is Rs.72. The rate of interest is:
(a) 10% (b) 12% (c) 6% (d) 8%
Q.15 The compound interest on a certain sum of money for 2 years at 10% per
annum is Rs.420. The simple interest on the same sum at the same rate and for the
same time will be:
(a) Rs.350 (b) Rs.375 (c) Rs.380 (d) Rs.400
Noida Institute of Engineering & Technology
SIMPLE INTEREST AND COMPOUND INTEREST
Q.16 A sum of money placed at C.I doubles itself in 5 years. It will amount to
eight times itself in:
(a) 15 years (b) 20 years (c) 12 years (d) 10 years
Q.17 The difference of compound interest on Rs.800 for 1 year at 20% per annum
when compounded half-yearly and quarterly is:
(a) Nil (b) Rs.2.50 (c) Rs.4.40 (d) Rs.6.60
Q.18 If Rs.7500 are borrowed at C.I at the rate of 4% per annum, then after 2 years
the amount to be paid is:
(a) Rs.8082 (b) Rs.7800 (c) Rs.8100 (d) Rs.8112
Q.19 What will be the ratio of SI earned by certain amount at same rate of interest
for 6 years and that for 9 years?
(a) 1:5 (b) 2:3 (c) 1:3 (d) 1:4
Q.20 If the SI on a sum of money for 2 years at 5 % p.a. is Rs 50, what will be the
CI on the same sum at the same rate for the same time?
(a) Rs51.25 (b) 52 (c) 54.25 (d) 60