# Practice Assessment - Simple & Compound Interest

20 Questions | Total Attempts: 126  Settings  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

• 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. Back to top