Simple Interest

FACTS

1. (i) The money borrowed from a lender is called principal.

(ii) The additional money paid by the borrower to the lender after a specified period of time is
called interest.

Amount = Principal + Interest.

( iii) The total money paid by the borrower to the lender is called amount.

2. Formulae used.

(ii) R = S.I.x100 PxT

(i) Simple Interest (S.I.) = Principal (P) × Rate (R) × Time (T)

100

(iii) T = S.I.x100 PxR

S.I.x100 (iv) P =

(v) Amount = P+S.I. P+ PRT 100

Solved Examples

Ex. 1. Mr. Abhishek borrowed 600 and returned 856.50 at the end of 9 years and 6 months.
What was the interest per annum he paid at simple interest?

Sol. Principal =₹600, Amount = 856.50,

Time = 9 yrs 6 months = 2yrs = 2 yrs. Simple interest = 856.50-600 = 256.50
S.I.x100 PXT 256.50×100×2 600×19 ... Required interest = 4.5% p.a.

Ex. 2. A certain sum is invested on simple interest. If it trebles in 10 years, what is the rate of
interest?

Sol. Let the sum be x. Then, Amount = 3x, T= 10 years .S.I. = Amount - Sum = 3x-x=2x

... Rate of Interest = S.Ix100 2xx100 = PXT xx10 = 20% p.a.

Ex. 3. Two equal sums of money were invested, one at 4% and the other at 45%. At the end of
7 years, the simple 2 interest received from the latter exceeded that received from the former by
31.50. What was each sum?

Sol. Let each of the equal sums be x. Then, ×4.5×7 x×4×7 xx4.5x7 100 100 =31.50 31.5x 28x
=31.5
⇒ =31.5 x =₹ 31.5×100 3.5 = 900.

Ex. 4. A sum of ₹ 5000 was lent partly at 6% and partly at 9% simple interest. If the total interest
received after 1 year was 390, what was the ratio in which the money was lent at 6% and 9%?

Sol. Let the sum lent at 6% p.a. be x. Then, Sum lent at 9% p.a. is (5000-x)

Given, x×6×1 (5000-x)×9×1 + 3x = 390 ⇒ 6x 130 9x +450- = 390 1.00

100

100

= 60 ⇒x=2000

100

... Required ratio = 2000: 3000 = 2:3.

Ex. 5. A sum of 10000 is lent partly at 8% and remaining at 10% per annum. If the yearly
interest on the average is 9.2%, what are the two parts?

Sol.

Total interest×100

9.2×10000

Total sum = Average yearly interest Total interest = 100 = 920

Let the sum lent at 8% p.a. be x. Then,

The sum lent at 10% p.a. is (10000-x)

100
2x

xx8x1 (10000-x)×10×1 100 8x 100 = 920 → 10x +1000- = 920 100

= 80 100 ⇒ x = 4000

The two parts are 4000 and 6000.

PRACTICE

1. Mr. Sharma takes loan of 25000 and repays an amount of 31000 at the end of 2 years. What
is the rate of simple interest at which he repays the loan?

(a) 8% p.a.

(b) 6% p.a.

(c) 12% p.a.

(d) 9% p.a.

2. A part of 1500 was lent at 10% p.a. and the rest at 7% p.a. simple interest. The total interest
earned in three years was 396. The sum lent at 10% was

(a) ₹900

(b) ₹800

(c) ₹700

(d) ₹600
3. In what time will ₹72 become₹81 at 6% simple interest? 4

р.а.

(a) 2 years

(b) 3 years

(c) 2 years 6 months

(d) 4 years

4. A money lender finds that due to a fall in the 3 annual rate of interest from 8% to 72%, his
yearly 4 income diminishes by 61.50. His capital is
(a) 22400

(b) 23800

(c) 24600

(d) 26000
5. An investment triples itself in 30 years. The rate of simple interest is

(a) 6%

(b) 6% 3

(c) 7% 3

(d) 10%

6. ₹800 becomes₹956 in 3 years at a certain rate of simple interest. If the rate of interest is
increased by 4%, what will₹800 amount to in 3 years?

(a) 1020.80

(b) ₹ 1025

(c) ₹1052

(d) ₹ 1050

7. In how many years, 150 will produce the same interest at 8% p.a. as₹800 produce in 3 years
at 1 4-% p.a.? 2.

(a) 6

(b) 8

(c) 9

(d) 12

8. What will be the ratio of simple interest earned by certain amount at the same rate of interest
for 6 years and that for 9 years?

(a) 1:3
(b) 2:3

(c) 1:4

(d) 3:2

9. A sum of money at simple interest amounts to 815 in 3 years and to 854 in 4 years. The sum
is

(a) ₹ 650

(b) 690

(c) 698

(d) 700

10. A person invested part of 45000 at 4% and the rest at 6%. If his annual income from both is
equal, then what is the average rate of interest?

(a) 4.6%

(b) 4.8%

(c) 5%

(d) 5.2%

11.6000 becomes 7200 in 4 years at a certain rate of interest. If the rate becomes 1.5 times of
itself, the amount of the same principal in 5 years will be

(a) ₹ 8000

(b) 8250

(c) ₹9000

(d) 9250

12. A certain sum of money becomes three times of itself in 20 years at simple interest. In how
many years does it become double of itself at the same rate?

(a) 8 years
(b) 10 years

(c) 12 years

(d) 14 years

13. The sum of money that will give 1 as simple interest per day at the rate of 5% per annum is

(a) 730

(b) 3650

(c) 7300

(d) ₹36500
14. Simple interest on 500 for 4 years at 6.25% per annum is equal to the simple interest on 400
at 5% per annum for a certain period of time. The period time is

(a) 4 years

(b) 5 years

(c) 6 1/4 years

(d) 8 2/3 years

15. A borrows 800 at the rate of 12% per annum simple interest and B borrows 910 at the rate
of 10% per annum simple interest. In how many years will their amounts of debts be equal?

(a) 18 years

(b) 20 years

(c) 22 years

(d) 24 years
16. If the simple interest on a certain sum of money for 15 months at (7 1/2)% p.a. exceeds the
simple interest on the same sum for 8 months at (12 1/2)% p.a. by 32.50, the sum is

(a) 312

(b) 312.50

(c) 3120

(d) 3120.50

17. A man invests 1/3 of his capital at 7% p.a., 1/4 at 8% p.a. and the remainder at 10% p.a. If
his annual income is 561, the capital is

(a) 5400

(b) ₹ 6000

(c) ₹ 6600

(d) 7200

18. Simple interest on a certain amount is 9/16 of the principal. If the number representing rate
of interest in per cent and time in years be equal, then the time for which the principal amount is
lent out is

(a) 5 1/2 years

(b) 6 1/2 years

(c) 7 years

(d) 7 1/2 years

19. A person lends 40% of his sum of money at 15% per annum, 50% of rest at 10% per annum
and the rest at 18% per annum rate of interest. What would be the annual rate of interest, if the
interest is calculated on the whole sum?

(a) 13.4%

(b) 14.33%

(c) 14.4%
(d) 13.33%

20. The rate of simple interest in two banks A and B are. in the ratio 5: 4. A person wants to
deposit his total savings in the two banks in such a way that he receives equal half yearly
interest from both. He should deposit the savings in Bank A and B in the ratio.

(a) 5:2

(b) 2:5

(c) 4:5

(d) 5:4
+

++

21. A person lent a certain sum of money at 4% simple interest and in 5 years, the interest
amounted to 520 less than the sum lent. The sum lent was

(a) ₹600

(b) ₹650

(c) ₹700

(d) ₹750

22. A lent 600 to B and some amount to C at the rate of 8-% 3 per annum simple interest. After
5 years he got the total interest of₹400 from B and C together. The amount of money lent by A
to C was

(a) ₹300

(b) 360

(c) ₹400

(d) 420

23. Arun borrowed a sum of money from Jayant at the rate of 8% simple interest for the first four
years, 10% per annum for the next 6 years and 12% per annum beyond 10 years. If he pays a
total of 12160 as interest only at the end of 15 years, how much money did he borrow?
(a) 12000

(b) ₹10000

(c) ₹8000

(d) 9000

24. Mohan lent some amount of money at 9% simple interest and an equal amount of money at
10% simple interest each for 2 years. If his total interest was 760, what amount was lent in each
case?

(a) 1700

(b) 1800

(c) 1900

(d) ₹2000

25. What sum of money will amount to 520 in 5 years and to 568 in 7 years at simple interest?

(a) ₹400

(b) ₹120

(c) 510

(d) 220
Answers

1. (c)

2. (a)

3. (a)

4. (c)

5. (b)

6. (c)

7. (c)
8. (c)

9. (c)

10. (b)

11. (b)

12. (b)

13. (c)

14. (c)

15. (c)

16. (c)

17. (c)

18. (d)

19. (c)

20. (c)

21. (b)

22. (b)

23. (c)

24. (d)

25. (a)

Hints and Solutions

1. (c) Principal₹25000, Amount =₹31000, Time = 2 years

S.I.₹31000-₹25000=6000 6000×100

Rate =
=12% p.a.

25000×2

2. (a) Let the sum lent at 10% p.a. bex. Then, the sum lent at 7% p.a. is (1500-x).

Given, (x * 10 * 3)/100 + ((1500 - x) * 7 * 3)/100 = 396 Rightarrow (30x)/100 + 315 - (21x)/100 =

396 Rightarrow 9x 100 =81 Rightarrow x = (81 * 100)/9 = overline 7 900.

3. (a) P = 72 Amount = 81, Rate S .I.= mathbb F 81- mathbb F 72= mathbb F 9 ...Time (in
years) p.a.= (25/4)% = (9 * 100 * 4)/(72 * 25) = 2 years.

4. (c) Let his capital bex. Then, (x * 8 * 1)/100 - (x * 31 * 1)/(4 * 100) = 61.5
Rightarrow (8x)/100 - (31x)/400 = 61.5 Rightarrow (32x - 31x)/400 = 61.5 ⇒ x =
61.5 * 400 = approx24600.

5. (b) Let the principal = x, Amount = 3x, Time = 30 years

... S.I.= \mathbb{F} * 3x - \mathbb{F}*x = \mathbb{F} * 2x 2xx100 xx30 = (6 2/3)% р.а. Rate = %
p.a.= (20/3)% p.a.
6. (c) Principal = \mathbb{F} 800 Amount = 956 Rightarrow S .I.= mathbb F 956- mathbb F 800=
mathbb F 156

Time 3 years... Rate \%p.a.= (156 * 100)/(800 * 3) = 6.5 Now, Principal = \mathbb{Z} 800 Rate
% p .a.=10.5 , Time = 3 years

Amount = 800+₹ ( 800×10.5×3) 100 "=" 800 + mathbb F 252= mathbb F 1052
7. (c) P =\$800 R= (4 1/2)% * P .a. T = 3 years

S.I.= 7 * (800 * 9 * 3)/(2 * 100) = 7108 Now, S.I. 108, P =^ Z 150 R= 8% * p .a. 108x100 150×8
Time = years = 9 years.

8. (c) Let the principal for both the case be P and the rate of interest be R% p.a. Then, Required
ratio= PxRx6 PxRx4 100 100 =6:4-3:2.

9. (c) Let the sum of money bex. Amount for 3 years = 815 Amount for 4 years = 854 .S.I. for 1
year = 854-815=39 .S.I. for 3 years=3×39=117 Principal = 815-117=698.

10. (b) Let the amount invested on 4% be x. Then, (x * 4 * 1)/100 = ((45000 - x) * 6 * 1)/100
Rightarrow 2x = 3 * 45000 - 3x Rightarrow 5x = 3 * 45000 Rightarrow x = 27000 ... Total interest
= 2x27000x4 100 2160×100 = 2160 Rate of interest = =4.8%.

45000
11. (b) P =^ prime in6000 , Amount = 7200, Time = 4 years S.I.= A - P = matrix 7200-\$6000=
1200 ... Rate = 1200×100 6000x4 p.a. = 5% p.a. New rate 1.5 x 5 = 7.5% p.a.

. Reqd. amount=₹6000+ 6000×7.5×5 100 -6000+2250 = Z 8250

12. (b) Let the principal = x. Amount = 3x, Time 20 years S.1.=\$3x-\$ x = 2x Rate = (2x100)%
p.a. = 10% p.a. Now, Principal = x, Amount = 2x, Rate = 10% p.a. S.I.= \mathbb{F} * 2x - \
mathbb{F}*x = \mathbb{F}*x xx100 xx10 ..Time = = 10 years.

13. (c) Annual interest = 365, Rate = 5% p.a.

.. Sum= 365×100 5x1 =7300.

14. (c) Let the required period of time be 1 years. Then, (500 * 4 * 6.25)/100 = (400t * 5)/100 t =
(500 * 4 * 6.25)/(400 * 5) = 6.25 years or years 6 1/4 years.

15. (c) Let the required time be 1 years. Then, 800 + 800 * 12/100 * t = 910 + 910 * 10/100 * t
Rightarrow (96t - 91t) = 110 Rightarrow 5t = 110 t = 22 years.

16. (c) Let the required sum bex. Then, (x * 15 * 15)/(12 * 2 * 100) - (x * 8 * 25)/(12 * 2 * 100) =
32.5 Rightarrow (225x - 200x)/2400 = 32.5 Rightarrow 25x = 32.5 * 2400 x = (32.5 * 2400)/25 =
73120

17. (c) Let the capital be x. Then, (x/3 * 7 * 1)/100 + (x/4 * 8 * 1)/100 + ((1 - 1/3 - 1/4) * x * 10 *
1)/100 = 561 Rightarrow (7x)/300 + (8x)/400 + (50x)/1200 = 561
Rightarrow (28x + 24x + 50x)/1200 = 561 Rightarrow (102x)/1200 = 561 Rightarrow x = (561 *
1200)/102 =\$6600.

18. (d) Let the principal bex. Then, S. L = 7 * (9x)/16 Let time (in years) = Rate % p.a. = y. Then,
9x 16 = x* y* y 100 Rightarrow y ^ 2 = 900/16 Rightarrow y = 30/4 = 15 2 years=7 1 2 years.

19. (c) Let the whole sum be

100. Then,

Sum at 15% p .a.= 40, Remaining sum = 60 .. Sum at 10% p.a.= 50% and sum at 18% * p .a.=\
$30 of 60 =^ * 30

.S.I. on 100 for 1 year = (40 * 15/100 * 1) + (30 * 10/100 * 1) + (30 * 18/100 * 1) = Z(6 + 3 + 5.4)
= approx14.4. Hence, required rate = 14.4%.

20. (c) Let the rates of simple interest in Bank A and Bank B be 5R% and 4R% p.a. respectively
and the amounts invested in the banks respectively bex andy.
Then, x * 1/2 * (5R)/100 = y * 1/2 * (4R)/100
x ⇒⇒x x / y = 4/5 y

21. (b) Let the sum lent be x. Then, x - 520 = (x * 4 * 5)/100 Rightarrow x - x/5 =
520 Rightarrow x = 650 ⇒ (4x)/5 = 520

22. (b) Let the amount lent by A to C be x. Then, (600 * 25 * 5)/(3 * 100) + (x * 25 * 5)/(3 * 100) =
400 Rightarrow 250 + (5x)/12 =400 Rightarrow 5x 12 =150 Rightarrow x = (150 * 12)/5 = 7.36 .

23. (c) Let the money borrowed by Arun = x. Then, (x * 8 * 4)/100 + (x * 10 * 6)/100 + (x * 12 *
5)/100 = 12160 Rightarrow 152x =1216000 Rightarrow x=8000.

24. (d) Let the amount lent in each case be x. Then, (x * 9 * 2)/100 + (x * 10 * 2)/100 = 760
Rightarrow 38x =76000 Rightarrow x=2000.

25. (a) Interest for two years = 568-520-48 S.J. for 1 year =48 2 = 24 S.I for 5 years = 5×24=120
Principal Amount - S.I. 520-120-₹400.
Compound Interest

If the principal does not remain same for the entire loan period and varies after a particular time
due to addition of interest to the principal, then the obtained interest is known as compound
interest.

nort CI = P1+ 100 Where, P Principal

r = Rate of interest

nort = Time

Magical Points!

• If interest is calculated half-yearly, then rate is halved and time is doubled.

• If interest is calculated quarterly, then rate is divided by four and time is multiplied by four.

Principal (P) It is the money loaned or borrowed also known as capital.

Time (T/n) It is duration for which money is lent/borrowed.

Rate of Interest (r/R) It is the rate at which the interest is charged on principal.

Amount (A) It is the sum of principal with interest.

Difference between Compound and Simple Interest

As we know that, principal increases with the time passes on and again interest is directly
proportional to the principal invested, hence more principal yields the more interest in compound
interest, which results as the difference between compound and mple interest. To know the
effect of differences, you must go through the following facts.

For Ist Year Difference = 0 [Since, principal for both remain same as no addition occurred till
them.]

Upto the IInd Year Difference = Principal xr² 1002

Upto the IIIrd Year Difference = Principal xr²x (300+r) (100)3

Solved Examples
1. The difference between simple and compound interest on a sum of money at 5% per annum
for 2 yr is 25. Find the sum.

(a) 1000

(b) ₹ 10000

(c) 12000

(d) 9000

Sol. (b) Let the required sum be 100. Then, CI on 100 = 100[(1 + 5/100) ^ 2 - 1] = 100[(21 *
21)/(20 * 20) - 1] = 100 * 41/400 = 7 41/4 100 = (100 * 2 * 5)/100 =?10 and SI on

.. Difference between CI and SI = 41/4 - 10 = 7 1/4

If 1/4 is the difference, then principal = Z 100

25 is the difference, then principal = (100 * 4)/1 * 25 =\$10000

.. Principal₹10000

2. Find the interest of compound interest for 3 yr. 24000 at the rate of 5%

(a) 3683

(b) 3783

(c) 3680

(d) 3003
Sol. (b) Here, P=\ 24000 , r = 5% t = 3yr and CI = CI = P[(1 + r/100) ^ n - 1] = 24000[(1 + 5/100)
^ 3 - 1] = 24000[21/20 * 21/20 * 21/20 - 1] = 24000 * 1261/8000 = 7 3783
Example 3: Find the compound interest on 1000 for 3 years at 5% p.a.

Solution: CL-1000(1+1)-1]=1000(2)-1] 5 3 = 1000 [9261-8000] =1000x 1261 8000 = 157.63

Example 4: Find the difference between the compound interest and the simple interest for the
sum 2000 at 5% p.a. for 2 years.

Solution: Required difference

= 2000 5 100 41 400 2 -1 2000 x 5 x 2 100 200205-200 = ₹5 = 2000

Practice Exercise
1. Find the difference between SI and CI on 2000 in 2 yr at 6% ра.

(a) 7.30

7.00

[SSC Constable, 2013]

(b) ₹7.10

(d) 7.20
2. Which sum of money at compound interest will amount to 650 at the end of 1st year and 676
at the end of 2nd year? ‫کھا‬

[SSC Constable, 2012].

(a) ₹600

(b)

₹620(c) ₹625

(d) 630

3. The compound interest 1 on 6400 for 2 yr at 7% per 2 annum is [SSC Constable, 2011]

(a) 1016

(b) 996

(c) 3,976
(d) 966

4. Find the amount at compound interest of 6250000 for 1 yr at 8% per annum. The interest is
payable quarterly

(a) 6608302

(b) 6584208

(c) 6567201

(d) 6765201

5. The compound interest on a certain sum for two successive years are 225 and 238.50." What
is rate of interest per annum?

(a) 5%

(b) 6%

(c) 10%

(d) 7%
6. Find the difference between simple and compound interest 500 for 3 yr at 4%.

(a) 3.43

(b) ₹2.43

(c) ₹4

(d) ₹3

7. A sum of money deposited at compound interest doubles itself in 4 yr. It will amount to 16
times at the same rate in

(a) 16 yr

(b) 30 yr

(c) 12 yr

(d) 24 yr
8. The difference between simple and compound interest on a certain sum of money for 3 yr at
10% per annum is₹ 15.50. The sum is

(a) ₹5000

(b) ₹500

(c) ₹550

(d) ₹ 1500

9. If the compound interest on a certain sum for 2 yr at 10% per annum is 2100, the simple
interest on it at the same rate for years will be
(a) 1800

(b) ₹2000

(c) 1900

(d) 1700

10. The compound interest on ₹800 compounded quarterly at 6% per annum for 9 months
would be closest to

(a) ₹ 36.50

(b) ₹ 36.40

(c) ₹ 36.65

(d) ₹ 36.60

11. Onkar divides₹ 6375 amongst Veer Singh and Rajesh. Veer Singh is 22 yr old while Rajesh
is 23 yr old. If the rate of interest is 4% per annum CI and both of them will receive the same
amount at the age of 25 yr, what is share of Veer Singh at present?

(a) ₹ 3150

(b) ₹ 3120

(c) 3125

(d) None of the above

12. What will be the compound interest on₹8000 for 3 years at 5% p.a.?

(a) 1361

(b) 1341

(۶) 1260

1261

(d) 1250

13. What will be the amount if a sum of 2500 is invested for 1 year at 4% per annum compound
interest, interest being compounded half-yearly?

(a) ₹ 2625

(c) 2830

None of these

চ্য₹ 2601

(d) 2901

14. After how many years will 3375 become 2 4096 at 6-% 6-% per annum compound interest?
3

(a) 4. years

(c) 2½ years

(e) None of these

(b) 2 years

(d) 3 years

15. A certain sum of money placed at compound interest amounts to 110 in 1 year and to 121 in
2 years. The rate of interest per annum is:

(a) 5%

(c)8%
(e) None of these

(b) 10%

(d) 4%

16. The present population of a city is 80,000. If the rate of growth is 5% per year, find its
population after 3 years.

(a) 88,100

(c) 92,610

(e) None of these

(b) 95,600
17. The difference between compound and simple interest on a certain sum of money for 2
years at 5% per annum is

(a) 7200

(c) 9200

(e) None of these

21. Find the sum. (b) 8400

(d) ₹ 8500

18. In how many years will a sum of 19200 placed at 10% per annum compound interest 4032?

yield any interest of any (4) 14 years

(c) 2 years

(None of these

(b) 2½ years

(d) 3 years
19. A sum of money lent out at a certain rate of simple interest amounts to 6600 in 2 years and
to 6900 in 3 years. What will be the compound interest on the same sum of money if lent out at
the same rate for 2 years?

(a) 605

(b) 715

(c) 615

(d) 595

(e) None of these

20. A man deposits 1200 in a bank on the 1st day of each year. If the bank pays 5% per annum
compound interest on deposited sum of money, what will be the amount to his credit on the 10th
day of the second year?

(a) ₹ 2560

(c) 2370

2460

(b) ₹ 2210

(d) ₹ 2860
Answers

1. (d)

2.

(c)

3. (b)

4.(d)

5.(b)

6. (b)

7. (a)
8. (b)

13.(c)

9. (b)

10. (a)

11. (c)

12 (e)

13.(b)

13.(d)

13. (b)

13. (c)

13. (b)

13. (c)

13. (e)

Hints and Solutions

1. Using the formula, D = rho * (r/100) ^ 2 Here, p = 2000 r = 6% D = 2000 * (6/100) ^ 2 = 2000 *
36/10000 =\$7.20

2. Suppose, principal amount =^ 7 x Then, and 650 = x(1 + r/100) ...(0) 676=x. (1 + r/100) ^ 2 )
On dividing Eq. (ii) from Eq. (i), we get 676/650 = (1 + r/100) r = (26 * 100)/65 = 4% From Eq. (i),
we get 650 = x(1 + 4/100) Rightarrow x = (650 * 25)/26 =\%625
3. Cl = P[(1 + A/100) ^ 7 - 1] = 6400[(1 + 15/200) ^ 2 - 1] = 6400[(43/40) ^ 2 - 1] =
6400(1849/1600 - 1) = (6400 * 249)/1600 = 7.996
4. Amount = P[1+ 100 ] Here, P=\ 6250000 , r = 8/4 = 2% and n = 12/3 = 4yr = 625000 * (1 +
2/100) ^ 4 = 6250000 * 51/50 * 51/50 * 51/50 * 51/50 = Z 6765201

5. Increase in interest for next year = Interest on the interest of previous year for one year.

238.5 - 225 = (225 * 1A)/100 ⇒ 13.5 = (225R)/100 R = 1350 * 100/225 = 6%

6. Simple interest = 500 x 3 x 4 100 =\% 60

Compound interest = 500[(1 + 4/100) ^ 3 - 1] = Z 62.432
= 500[(1 + 4/100) ^ 3 - 1] =^ * 62.432 Difference = 62.432-60.00 = 2.43

Shortcut Method.

Difference of interests for 3 yr = (P * r ^ 2 * (300 + r))/((100) ^ 3) Here, P = 500 and r = 4%

= (500 * (4) ^ 2 * (300 + 4))/((100) ^ 3) = (500 * 16 * 304)/100000 =?2.43

7. Sum of money become double in 4 yr i.e.,

4 уг

2 times (Double)

x4

4 * 4 = 16yr

16 times = 2 ^ oplus

8.. Sum = P(100)³ г²(300+ г) Here, P =\ 15.50 and r = 10% = (15.5 * (100) ^ 3)/(10 ^ 2 * (300 +
10)) = (15.5 * 100000)/(100 * 310) = 500

9. Let the principal be P, then By the formula, we have 2100 = P * (1 + r/100) ^ 2 - P 2100 = P[(1
+ 10/100) ^ 2 - 1] Rightarrow 2100 = P[(11/10) ^ 2 - 1]
2100 = P * (1 + r/100) ^ 2 - P 2100 = P[(1 + 10/100) ^ 2 - 1] 2100 = P[(11/10) ^ 2 - 1] 2100 = P *
21/100 P = 10000 So, Sl for same rate and same year will be SI = (PRT)/100 = (10000 * 10 *
2)/100 = 72000
Shortcut Method SI= 2* G| 2 + r/100 Here, CI = 72100 and r = 10% = (2 * 2100)/(2 + 10/100) =
(4200 * 100)/210 =?2000

10. Quarterly rate 6 = -% % and time 4 = 3 quarters

.. Compound interest = 800[(1 + 6/(4 * 100)) ^ 3 - 1] = 800[(203 * 203 * 203)/(200 * 200 * 200) -
1] = 800((8365427 - 800000)/8000000) = (800 * 365427)/800000 =?36.50

. Let the share of Veer Singh bex. 11 Share of Rajesh = (6375-x) x * (1 + 4/100) ^ 3 = (6375 - x)
* (1 + 4/100) ^ 2 Rightarrow x(104) = 6375 - x
Rightarrow x(104) = 6375 - x Rightarrow 2.04x = 6375 x = 6375/204 = \ 3125
12. CI = 8000[(1 + 5/100) ^ 3 - 1] = 8000[(21/20) ^ 3 - 1] = (8000 * 1261)/8000 = 71261 .

13. A = 2500 * (1 + 2/100) ^ 2 = 2500 * (51/50) ^ 2 = (2500 * 51 * 51)/(50 * 50) =?2601

14. Here, 4096 = 3375 * (1 + 20/(3 * 100)) ^ n 4096/3375 = (1 + 1/15) ^ n (16/15) ^ 3 = (16/15) ^
n n = 3 years.

16. Population of the city after 3 years

= 80000 * (1 + 5/100) ^ 3 = 80000 * 21/20 * 21/20 * 21/20 = 92610 .

18. Amount=19200+403223232

Now, 23232 = 19200 * (1 + 10/100) ^ n 23232 19200 =( 11 10 )^ s Rightarrow 121/100 = (11/10)

^ s (11/10) ^ 2 = (11/10) ^ n n = 2 years.

21. Required amount = 1200(1 + 5/100) + 1200 = 1200 * 21/20 + 1200 = 1260 + 1200 =^ 2
2460.