Practice Assessment - Simple & Compound Interest

20 Questions | Total Attempts: 126

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Assessment Quizzes & Trivia

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

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