Assignment-1st Interest

1.) A sum of money becomes 3 times in 12 year. In how many years it will become 5 times at the same rate of simple interest. a) 20years 2.) b) 16 years c) 24 years d) 30 years

A sum of amount at r% compound interest doubles in 3 years. In 9 years it will be K times of the original principal. What is the value of K? a) 10 b) 9 c) 6 d) 8

3.)

If the rate of interest is 10% p.a. and Rs. 12000 lent at the compounded interest, half yearly. What is the equivalent simple rate of interest for the first year? a) 11% b) 9.75% c) 10.25% d) 10.75%

4.)

Rs. 1000 s being charged at 50% per annum .What is the interest for 3rd year at compounded interest? a) 1122 b) 1025 c) 1125 d) 625

5.)

The difference between Si and CI for 3 years @20% p.a. is Rs.152.What is the principal lent in each case? a) 1200 b) 1155 c) 1187.5 d) none of these

6.)

A sum is being lent at 20%p.a. compound interest. What is the ratio of increase in amount of 4th year to 5th year? a) 4:5 b)5:4 c) 5:6 d)cant be determined

7.)

Rs. 12000 amounts to Rs. 20736 in 3 years at r% p. a. of compound interest. What is the value of r? a) 10% b) 25% c) 12% d) 20%

8.)

A certain sum amounts to Rs.14641 in 4 years @ 10% p.a. compounded annually. What is the value of principal? a) Rs.6000 b) Rs.12000 c) Rs. 10000 d) data insufficient

9.)

A scooty is sold by an automobile agency for R.19200 cash or for Rs. 4800 cash down payment together with five equal installments. If the rate of interest charged by the company is 12% p.a. find each installment? a) Rs.2964.70 b) Rs.2874.32 c) Rs.3050.20 d) Rs.2567.80

10.)

The ratio of CI for 3 years and SI for 1 year for a fixed amount at a rate of r% is 3.64.what is the value of r? a) 10% b) 15% c) 20% d) none of these

11.)

A sum of money becomes 13/5 times of itself in 32 years at r% of SI. What is the value of r? a) 6% b) 7% c) 5% d) 18%

12.)

The difference between interests received by A and B is Rs.18 on Rs.1500 for 3 years. What is the difference in rate of interest? a) 1% b) 2.5% c) 0.5% d) 0.4%

13.)

The simple interest on certain sum at 5% for 9 month is Rs 10 greater than the simple interest on the same sum @3% for 14 months. What is the sum of interest in both the cases (total sum of interest)? a) Rs.130 b) Rs.290 c) Rs.120 d) Rs.330

14.)

A sum of Rs.2400 deposited at CI, double afte5 years. After 20 years it will become? a) Rs.24000 b) Rs.38400 c) Rs.19200 d) cant be determine

15.)

The least number of compete years in which a sum of money put at 20% CI will be more than doubled is: a) 4 b) 5 c) 6 d) 8

16.)

The CI on Rs. 5000 for three years at 8% for first year, 10% for second year and 12% for third year will be? a) Rs.1750 b) Rs.1652.80 c) Rs. 1575 d) Rs.1685.20