Galgotias University S.I. & C.I.

School of Life Long Learning

Simple Interest
&
Compound Interest
 Galgotias University S.I. & C.I. School of Life Long Learning

1) A sum amounts to Rs. 5832 after two years and to Rs. 6298.56
after three years at certain rate of compound interest
compounding annually. How much will it amount after one year?
A. Rs. 5400 B. Rs. 5000
C. Rs. 4800 D. Rs. 4400
 Galgotias University S.I. & C.I. School of Life Long Learning

2) A sum doubles itself at simple interest in 8 years. What is the

rate of interest per annum?
A. 8% B. 10%
C. 12.5% D. 15%
 Galgotias University S.I. & C.I. School of Life Long Learning

3) A sum of money doubles itself in 8 years at compound

interest. How many times will it be in 32 years?
A. 64 times B. 32 times
C. 16 times D. None of these
 Galgotias University S.I. & C.I. School of Life Long Learning

4) The simple interest on a principal at certain rate of

interest for 2 years is Rs. 1200 and the compound interest on
the same principal at same rate of interest but compounding
yearly for 2 years is Rs. 1230. Find the principal.
A. Rs. 24000 B. Rs. 12000
C. Rs. 60000 D. None of these
 Galgotias University S.I. & C.I. School of Life Long Learning

5) The difference between the compound interest and the

simple interest earned at the end of 2 years on a sum of money
at a rate of 10% per annum is Rs. 80. What is the sum?
A. Rs. 8800 B. Rs. 8000
C. Rs. 8400 D. None of these
 Galgotias University S.I. & C.I. School of Life Long Learning

6) The rate of SI per annum of bank being increased from 3.5%

to 5% and time duration is also increased from 2.5 years to 3.5
years. The total SI was increased by Rs 135. Find the initial SI?
A.135 B.145
C.185 D.175
 Galgotias University S.I. & C.I. School of Life Long Learning

7) Rs 435 becomes Rs 555 in 3 years at a certain rate of SI. If

the rate of interest is 2% less, then what will be the new
amount at the end of 5th year?
A.571.25 B.591.5
C.691 D.791.5
 Galgotias University S.I. & C.I. School of Life Long Learning

8) Rajeev borrowed some money at the rate of 6% per annum

for the first three years, 9% per annum for next five years and
13% per annum for the period beyond eight years. If the total
interest paid by him at the end of eleven years is Rs 7140, the
money borrowed by him was?
A.7000 B.1700
C.9000 D.2000
 Galgotias University S.I. & C.I. School of Life Long Learning

9) With a given rate of SI the ratio of principal and amount for a

certain period of time is 4:5. After 2.5 years, with the same rate
of interest, the ratio of the principal and amount becomes 5:7.
Find the rate of interest?
A.18% B.10%
C.6% D.16%
 Galgotias University S.I. & C.I. School of Life Long Learning

10) A person invests some money in two banks in the ratio of 7:5.
The rate of SI on first investment is 17%, but overall annual
interest on total investment is 19.5%. Find his total investment if
interest gained in the second investment is Rs 460?
A.4200 B.5200
C.4800 D.5600
 Galgotias University S.I. & C.I. School of Life Long Learning

11) A person invests certain money in the bank at the rate of 6%

per annum simple interest. At the end of 2nd year, he withdraws
Rs 1600 and the bank gives him 12.5% SI on the remaining
amount. At the end of 3rd year his total amount is Rs 4500. Find
the total interest given by the bank?
A.100 B.1100
C.2200 D.4400
 Galgotias University S.I. & C.I. School of Life Long Learning

12) A person deposits a certain sum of money at the start of

each year. The bank gives him 8% SI. At the end of 3rd year, the
total amount becomes Rs 69600. Find how much money does he
invest each year?
A.28000 B.26500
C.10000 D.20000
 Galgotias University S.I. & C.I. School of Life Long Learning

13) Rs 3200 becomes Rs 4000 at a certain rate of interest

compounded annually in 1.5 year. Then in how many years, Rs
12800 will amount to 25000 at the same rate of interest
compounded annually?
A.4.5 years B.4 years
C.6 years D.9 years
 Galgotias University S.I. & C.I. School of Life Long Learning

14) Rs 2700 become Rs 4800 at a certain rate of interest

compounded annually in 3 years. Find the amount at the end of
4.5 year?
A.6000 B.6400
C.7800 D.7500
 Galgotias University S.I. & C.I. School of Life Long Learning

15) CI on a certain sum of money in 3 years is Rs 3810. If rate of

interest is 16(2/3) % per annum compounded annually. Find the
principal?
A.5725 B.5915
C.6910 D.6480
 Galgotias University S.I. & C.I. School of Life Long Learning

16) A money lender borrows money at 5% per annum and pays

the interest at the end of the year. He lends it at 8% per annum
compound half yearly and receives the interest at the end of the
year. In this way, he gains Rs 158 a year. The amount of money
he borrows?
A.6000 B.5200
C.5000 D.5900
 Galgotias University S.I. & C.I. School of Life Long Learning

17) SI on a certain sum of money is Rs 100 in 2.5 year at a certain

rate of interest. But the compound interest on the same sum of
money at the same rate of interest compounded annually in 2
yrs. is Rs 85. Find the principal?
A.320 B.330
C.620 D.440
 Galgotias University S.I. & C.I. School of Life Long Learning

18) Difference between SI and CI is Rs 40 in 2 years at a certain

rate of interest, but the difference between SI and CI is Rs 125 in
3 years, at the same rate of interest, find the principal?
A.2650 B.2560
C.6250 D.5260
 Galgotias University S.I. & C.I. School of Life Long Learning

19) A sum of money placed at compound interest doubles itself in

4 years. In how many years will it amount to eight times itself?
A.16 B.8
C.12 D.20
 Galgotias University S.I. & C.I. School of Life Long Learning

20) A man borrowed Rs. 18750 at a simple interest of 6% per

annum. If he cleared his debt by paying an amount of Rs. 22125,
after how many years did he clear his debt?
A.3 B.4
C.12 D.5
 Galgotias University S.I. & C.I. School of Life Long Learning

21) A invested Rs. 14400 for 3 years at 10% per annum simple
interest. If he invested the same amount for 1.5 years when the
interest rate is the same but compounded half yearly. Find the
difference between the interests.
A.2050.2 B.2560
C.6250 D.5260
 Galgotias University S.I. & C.I. School of Life Long Learning

22) At a rate of 12%, Rs. 2500 invested earns a simple interest of

Rs. 2100 after 7 years. Had the interest rate been 2% more, how
much more interest would it have earned?
A.350 B.330
C.620 D.440
 Galgotias University S.I. & C.I. School of Life Long Learning

23) Rs. 1800 was divided into two parts such that if one part is
deposited at 5% and other part at 6%, the whole annual interest
sums up to Rs. 98. How much was lent at 5%?
A. Rs. 1000 B. 750
B. C. 500 D. 1200
 Galgotias University S.I. & C.I. School of Life Long Learning

24) Arun lends Rs. 20,000 to two of his friends. He gives Rs.
12,000 to the first at 8% p.a. simple interest. Arun wants to make
a profit of 10% on the whole. The simple interest rate at which he
should lend the remaining sum of money to the second friend is
A. 8% B.16%
C. 12% D. 13%
 Galgotias University S.I. & C.I. School of Life Long Learning

25) An amount of money at compound interest grows up to Rs.

3,840 in 4 years and up to Rs. 3,936 in 5 years. Find the rate of
interest.
A. 2.5% B. 2%
C. 3.5% D. 2.05%
Galgotias University S.I. & C.I. School of Life Long Learning
Galgotias University S.I. & C.I. School of Life Long Learning

THANK YOU