1. A certain sum of money amounts to 7/4 of itself in 3 years at SI. The rate percent p.a.
is
a) 25 %
b) 20 %
c) 15%
d) 10 %
3. A sum triples itself in three years at simple interest. In how many years will the same sum
become nine times itself at the same rate?
(a) 12 (b) 9 (c) 10 (d) 6
4. Snehal borrowed certain sum from a moneylender at 10% p.a. under simple interest for 2
years. But he was asked to pay under compound interest calculated annually at same rate,
due to which he had to pay Rs.350 extra. Find the sum borrowed by Snehal.(in Rs.)
(a) Rs.35000 (b) Rs.45000 (c) Rs.25000 (d) Rs.14000
Mr. Bhargav has 3 sons A, B and C. He distributed his money which is 225000 among 3 of
them in ratio 4:5:6. They invested the money in three different schemes. Scheme 1 offers
8% simple interest and the minimum period of investment in this scheme is 2 years. Scheme
2 offers 10% simple interest but the minimum period of investment is 4 years. Scheme 3
offers 7% simple interest with no minimum period of investment. A invested 50% of his
money in scheme 2 while B and C invested 30% and 40% of their money respectively in
scheme 1.
5. B invest his remaining money in scheme 2 for 4 years and then invest the total money in
scheme 3 for next 1 year. What is the total amount he has at the end of 5 years?
(a) Rs. 110424
(b) Rs. 103200
(c) Rs. 108450
(d) Rs. 105245
6. If A invest half of the remaining money he has in scheme 1 and remaining half in
scheme 3 for 4 years, what is the total interest he earns at the end of 4 years?
(a) Rs. 30000
(b) Rs. 21000
(c) Rs. 25000
(d) Rs. 28000
7. What is the total amount of money with C after 4 years if he invests remaining money in
scheme 3?
(a) Rs. 116140
(b) Rs. 111640
(c) Rs. 116640
(d) Rs. 116440
8. What can be the maximum interest A can earn at the end of 4 years? (A is allowed to
shuffle the amount in different schemes).
(a) Rs. 24000
(b) Rs. 37440
(c) Rs. 44260.8
(d) Rs. 37800
9. What is the average amount with B and C at the end of 2 years if they invest their
whole amount in scheme 1?
(a) Rs. 101400
(b) Rs. 104400
(c) Rs. 87000
(d) Rs. 95700
Passage 1: Tushar invested some money under 20% per annum simple interest in Axis bank.
At the end of one – year, he withdrew all amount from the Axis bank and invested in
Bandhan bank at the rate of R % per annum under compound interest compounded
annually for two years and received Rs. 57600 as total interest from the Bandhan bank. The
first year’s interest at Bandhan bank was Rs. 24000.
1. In starting, how much money had Tushar invested in Axis bank?
(a) Rs. 60000 (b) Rs. 75000 (c) Rs.
10000 (d) Rs. 50000
2. Total how much interest did Tushar get from the Axis bank and the Bandhan bank
together?
(a) Rs. 68600 (b) Rs. 67600 (c) Rs. 64600 (d)
Rs. 71200
3. If the rate of interest was interchanged i.e. Axis bank had offered R% per annum simple
interest and Bandhan bank had offered 20% per annum compound interest then how
much less money Tushar would have received at the end of 3 years?
(a) Rs. 16800 (b) Rs. 15800 (c) Rs.
14800 (d) Rs. 16400
4. If Krishan had invested the same sum of money only in Axis bank for 3 years under 20%
per annum simple interest then at the end of 3 years, total how much simple interest he
would have received from the Axis bank?
(a) Rs. 25000 (b) Rs. 30000 (c) Rs. 40000 (d) Rs.
2000
5. If the first year’s interest at Bandhan bank was same as the simple interest received
from the Axis bank at the end of 1 year and the rate of interest for the Bandhan bank
remained constant then what should be the rate of interest for Axis bank?
(a) 40% (b) 50% (c) 48 %
(d) 32%
