Practice Assessment - Simple & Compound Interest

20 Questions | By Nchaudhuri31 | Last updated: Mar 22, 2022 | Total Attempts: 167

Questions

Settings

Create your own Quiz

Dear Student, This Assessment consists of questions to test your understanding on - Simple & Compound Interest. You may attempt the same and clarify doubts in WP Group. / With your Faculty Member Regards, Team SHIVAM

Questions and Answers

1.

What annual payment will discharge a debt of Rs 770 due in 5 years , the rate of interest being 5% simple interest per annum
- A.
  
  140
- B.
  
  150
- C.
  
  120
- D.
  
  130
2.

A certain sum of money amounts to Rs 756 in 2 years and to Rs 873 in 3.5 years at a certain rate of S.I . Find the sum and rate of interest
- A.
  
  600 , 13 %
- B.
  
  500 , 15%
- C.
  
  200 , 14%
- D.
  
  450 , 17 %
3.

At a certain rate of simple interest Rs 800 amounted to Rs 920 in 3 years . If the rate of interest be decreased by 3% , what will be the amount after 3 years
- A.
  
  848
- B.
  
  648
- C.
  
  347
- D.
  
  298
4.

A sum of Rs 2600 is lent out in two parts in such a way that the interest on one part at 10% S.I for 5 years is equal to that on the other part at 9% S.I for 6 years. Find the two sums
- A.
  
  1245 , 1345
- B.
  
  1350 ,1250
- C.
  
  1450 , 1250
- D.
  
  1300 , 1200
5.

A man invests an amount of Rs 15860 in the names of his three sons in such a way that they get the same amount after 2 ,3 and 4 years respectively. If the rate of simple interest is 5% , then find the ratio in which the amount was invested for A, B and C
- A.
  
  276 : 264 : 253
- B.
  
  284 : 276 : 287
- C.
  
  287 : 345: 123
- D.
  
  567 : 876 : 908
6.

Divide Rs 3903 between A and B , so that A’s share at the end of 7 years may equal B’s share at the end of 9 years , compound interest being at 4%
- A.
  
  2028 , 1875
- B.
  
  2030 , 1875
- C.
  
  6865 , 8765
- D.
  
  2045 , 1860
7.

A certain sum is interested at compound. The interest accrued in the first two years is Rs 272 and that in the first three years is Rs 434 , find the rate %
- A.
  
  10.50%
- B.
  
  11.50%
- C.
  
  12.50%
- D.
  
  13.50%
8.

Find the C.I on Rs 10,000 for 3 years if the rate of interest is 4% for the 1st year , 5% for the 2nd year and 6% for the 3rd year
- A.
  
  1654.3
- B.
  
  1575.2
- C.
  
  1785.5
- D.
  
  23.2
9.

If the difference between the S.I and the C.I for 3 years at 5% per annum is Rs 122 , find the sum
- A.
  
  10000
- B.
  
  12000
- C.
  
  16000
- D.
  
  1600
10.

A man borrows Rs 5000 for a period of 4 years at 10% S.I , with the condition that he will pay back principal plus interest accumulated in 4 years . After 2 years he goes to the bank and repays 50% of the total amount due. At the end of the 4th year what amount should he pay to clear all dues
- A.
  
  1500
- B.
  
  2500
- C.
  
  3500
- D.
  
  4500
11.

The simple interest on Rs 1650 will be less than the interest on Rs 1800 at 4% S.I by Rs 30 . find the time
- A.
  
  3 Yrs
- B.
  
  4 Yrs
- C.
  
  5 Yrs
- D.
  
  6 Yrs
12.

A sum of money at S.I amounts to Rs 600 in 4 years and to Rs 650 in 6 years , find the rate % p.a
- A.
  
  3%
- B.
  
  4%
- C.
  
  5%
- D.
  
  6%
13.

Rakesh borrows Rs 7000 from a bank at S.I . After three years he paid Rs 3000 to the bank and at the end of 5 years from the date of borrowing he paid Rs 5450 to the bank to settle the account . Find the rate of interest
- A.
  
  5%
- B.
  
  6%
- C.
  
  7%
- D.
  
  8%
14.

A man invested 1/3 of his capital at 7% , 1 / 4 at 8% and the remainder at 10 %. If his annual income is Rs 561, find the capital
- A.
  
  5800
- B.
  
  6000
- C.
  
  6600
- D.
  
  7200
15.

A person lends Rs 600 for 5 years and Rs 750 for 2 years , received altogether Rs 450 as S.I . Find the rate per annum
- A.
  
  8%
- B.
  
  10%
- C.
  
  12.50%
- D.
  
  12%
16.

A sum of money at C.I amounts to thrice itself in three years . In how many years will it be 9 times itself?
- A.
  
  8 Yrs
- B.
  
  6 Yrs
- C.
  
  4 Yrs
- D.
  
  None of These
17.

The S.I on a certain sum of money for 2 years at 10% p.a is Rs 400. Find the C.I at the same rate and for the same time
- A.
  
  420
- B.
  
  440
- C.
  
  400
- D.
  
  None of These
18.

Find the difference between the C.I and the S.I for the sum Rs 1500 at 10% p.a for two years
- A.
  
  10
- B.
  
  12.5
- C.
  
  15
- D.
  
  17.5
19.

An amount of money grows upto Rs 4840 in 2 years and up to Rs 5324 in 3 years on C.I . Find the sum
- A.
  
  3600
- B.
  
  3800
- C.
  
  4000
- D.
  
  4200
20.

Find the least number of complete years in which a sum of money put out at 20% C.I will be more than doubled
- A.
  
  2 Yrs
- B.
  
  3 Yrs
- C.
  
  4 Yrs
- D.
  
  Data Inadequate

Related Topics

More Assessment Quizzes

Trivia Questions Quiz On Cima Masters Gateway Assessment!

Trivia Questions Quiz On Cima Masters Gateway Assessment! A lot of people strive to get their master’s degree, some institutions vie CIMA as a master’s degree. Do you want to join the program but are worried you...

Questions: 10 | Attempts: 14878 | Last updated: Mar 22, 2022

Sample Question
Microbial fuel cells are considered a source of sustainable energy. Why? 1. They use living organisms as catalysts to generate electricity from certain substrates. 2. They use a variety of inorganic materials as substrates. 3. They can be installed in wastewater treatment plants to cleanse water and produce electricity. Which of the statements given above is/are correct?

1 only

2 and 3 only

1 and 3 only

1, 2 and 3

Can You Pass The Educational Interpreter Performance Assessment Test? Quiz

Can You Pass The Educational Interpreter Performance Assessment Test? Educational interpreters are charged with translating classwork for students that have a hard time when it comes to hearing or is deaf. If you think you are...

Questions: 31 | Attempts: 8823 | Last updated: Mar 21, 2022

Sample Question
What are the multiple levels or layers to analyzing a message?

Lexical

Phrasal

Sentential

Discourse

Didactical

Certificate Of Successful Completion Assessment Quiz

Now that you have had the opportunity to review what to do in an emergency, please take the certificate of successful completion assessment quiz and generate your certificate of successful completion. The quiz will help you test...

Questions: 10 | Attempts: 7249 | Last updated: Jun 7, 2022

Sample Question
Select all choices that would indicate an emergency.

Fire alarm

Someone falls in the hallway.

A weather alert sound is heard on the weather radio.

You look out the window and notice that a thunderstorm is moving in.

All of the above