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1) Equal sums of money are lent at 5% p.a and 6% p.a for 2 years &3 years respectively.
If one of them earns Rs.240 more interest than the other find the sum lent?
1) Rs: 3000
2) Rs: 2500
3) Rs: 2000
4) Rs: 4000
2) A machine costing Rs.5000/- depreciates @ 20%p.a. Its value after 3 years will be.
1) Rs: 2800
2) Rs: 2560
3) Rs: 2900
4) Rs: 2520
3) A sum of money is borrowed at 5%p.a. C.I. If it is paid back in two equal annual
installments of Rs.8820 each find the sum borrowed.
1) Rs: 16400
2) Rs: 17000
3) Rs: 15600
4) Rs:
16000
4) A man borrows Rs.1000@ 10% p.a. S.I for 3 years and lends it immediately at C.I for
the same period at the same rate of interest. How much does he gain?
1) Rs: 20
2)Rs: 21
3)Rs: 31
4) Rs.25
5) The C.I. on a certain sum of money for 2 years is Rs. 408 and S.I. on the same sum, for
the same period is Rs.400. Find the sum and the rate of interest.
1) 1,000, 5%
2) 5,000, 4%
3) 8,000, 4%
4) 5,000,
5%
6) A certain sum of money triples in 16 years at a certain rate of interest. In how many
years will the sum becomes six times itself.
1) 32yrs
2) 38yrs
3) 40yrs
4) 24yrs
7. A father left a will of Rs.35 lakhs between his two daughters aged 8.5 and 16 such that
they may get equal amounts when each of them reach the age of 21 years. The original
amount of Rs.35 lakhs has been instructed to be invested at 10% p.a. simple interest.
How much did the elder daughter get at the time of the will?
1)
Rs. 17.5 lakhs
2)Rs. 21 lakhs
3)Rs. 15 lakhs
4)Rs. 20 lakhs
8. What will Rs.1500 amount to in three years if it is invested in 20% p.a. compound
interest, interest being compounded annually?
1)
2400
2) 2592
3) 2678
4) 2540
9. If a sum of money grows to 144/121 times when invested for two years in a scheme
where interest is compounded annually, how long will the same sum of money take to
treble if invested at the same rate of interest in a scheme where interest is computed
using simple interest method?
1)
9 years
2) 22 years
3) 18 years
4)
33 years
1
2) Rs 2,400
3) Rs 3,000
4) Rs 4,500
22. Two equal sums are lent at the rates of 12% p.a. and 10% p.a. simple interest
respectively. The former is recovered a year earlier than the latter and the amount in
each case is Rs 25,600. What was the period of lending for which former sum was lent?
1) 4
2) 3
3) 5
4) 6
23. A man borrowed Rs 4,00,000 to buy a house. He pays compound interest at 6% p.a.,
interest being compounded annually. He lets out the house and receives rent at Rs 3,000
per month, rent payable at the end of the year. He uses this money to clear the loan.
After two years of such repayment, how much does he still have to pay to clear the debt?
1) Rs 3,16,000
3,75,280
3
2) Rs 3,24,000
3) Rs 3,25,000
4) Rs
3) Rs 65,930
2) Rs
4) Rs 66,430
25. The difference in compound interest accrued on Rs 20,000 for one year at 6% p.a.
when interest is compounded yearly and when it is compounded half- yearly is
1) Rs 32
2) Rs 15
3) Rs 18
4) Rs 21
26. The compound interest payable on a sum of Rs 32,000 at the end of two years is
Rs.6,720. If the rate of interest for the first year is 10% p.a. and interest is compounded
annually, then find the rate of interest for the second year.
1) 15%
2) 12%
3) 10%
4) 8%
27. If the simple interest on a sum of money at 10% p.a. for four years is Rs 2,400, then
the compound inter-est on the same sum for the same period at the same rate, when
interest is compounded annually is
1) Rs 2847.60
2) Rs 7248.80
3) Rs 2784.60
4) Rs
4284.70
28. A certain sum yields a simple interest of Rs 21,600 in two years. Had it been invested
at compound interest and at the same rate, it would have fetched Rs 1,296 more interest
for the same period. Find the amount accrued after three years under compound
interest, if it is compounded annually.
1) Rs 1,26,443.50
2) Rs 1,14,192
3) Rs 12,300
4) Rs
1.36,442.50
29. Mansi borrows a sum of Rs 72.000 at 10% compound interest p.a., compounding
done annually. At the end of the first year, she repays some money and repays the
remaining amount of Rs 34,320 at the end of the second year to clear the entire loan.
What is the amount she repaid at the end of the first year?
4
2) Rs 48,000
3) Rs 52.080
4) Rs
40,800
30. An amount of Rs 41,000 is divided into three parts and each part is lent at the
interest rates of 6% p.a., 10% p.a.and 2% p.a., respectively under simple inter-est for 6
years, 3 years and 3 years respectively. The interest obtained in all the cases is equal.
What is the sum lent at 10% p.a.?
1) Rs 5,000
2) Rs 6,000
3) Rs 30,000
4) None of these