Practice Assessment - Simple & Compound Interest
20 Questions
| Total Attempts: 126
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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