Simple Interest & Compound Interest 7.

(b)
According to the question,
1. (d)
Principal 1
2000 × 2 × 6 
S.I. = = 240 SI for 5 years 3
100
P 10
2. (b) 
P  R T 3
Given that, 100
SI = Rs. 150 R = 6%
R = 4%
1 8. (a)
T = 6 months = year Let the sum of money be x.
2
A=P+I
We know that,
41
150  100  2 x  x I
P 40
4 1
1
P = Rs. 7500 x x  x I
40

3. (c) 1
I x
40
Interest for 4 years = 30
We know that
30 P RT
Interest for 1 year = = 7.5 I
4 100

7.5 1
R= × 100 = 0.5% 1 x R
1500 x 4
40 100
4. (b) R = 10%
8000  t  20
(12000 – 8000) = 9. (a)
100
Let the sum be P and rate be r%
5 It is given that
t= years = 2.5 years.
2 P  ( R  1)  3 P  R  3
 = 5100
100 100
5. (c)
Sum doubled means I = P PR P PR 5100
   = 1700
P × R × 15 100 100 100 3
 P=
100
P
100 2  1700
 R = 15 = 6 3 % per annum 100
P = Rs. 170000
6. (b)
Given that, 10. (c)
P + SI for 2 years = 720 ..... (1) Let original amount be P.
P + SI for 7 years = 1020 ..... (2)
Subtracting equation (1) from (2) P becomes 3P in 12 years.
SI for 5 years = 300 SI of 2P in 12 years.
300 For amount to become 5P, we will require SI = 4P
SI for 2 years =  2 = Rs. 120
5 For, 4P SI = 12 × 2 = 24 years.
P = 720 – 120 = 600
11.(b)

1
 Let the loan taken by A, B & C be Rs. x, y & z respec 2
144  R 
ively.  1 
100  100 
x + y + z = Rs. 7930
We know that 2 2
 12   R 
P  R T  10    1  100 
SI 
100
2 2
According to the question,  2  R 
 1  10    1  100 
x 25 y  3 5 z45
x  y  z
100 100 100 On comparing, we get
(100 + 10)x = (100 + 15)y = (100 + 20)z 2 R

110x = 115y = 120z 10 100
22x = 23y = 24z R = 20%
22x = 23y & 23y = 24z
x 23 y 24
17. (a)
 and  We know that,
y 22 z 23
n
LCM of 22 & 24 is 264  R 
A  P 1 
x : y : z = 276 : 264 : 253  100 

276 2
A’s loan =  7930 = Rs. 2760  R 
793 4840  P  1  ..... (1)
 100 

12.(a) 3
 R 
5324  P  1  ..... (2)
 10 
3
 100 
A = 10000  1 +  = 13310
 100  On dividing equation (2) by (1)
3
13.(c)  R 
P 1 
5324  100 
20 
r=  10% , t = 2 years  2 = 4 4840  R 
2
2 P 1 
 100 
4
 10

 A = 20000  1 +  = 29282
 100  1331  R 
 1
1210  100 
14.(d)
121 R
3 1  1
 r  1210 100
20736 = 12000  1 + 
 100 
1 R
By using options we get r = 20% 1  1
10 100

15.(c) On comparing, we get

Present value = (0.75)4  200000 = 63281 1 R

10 100
16.(d) R = 10%
Let the principal amount be P.
According to the question, 18. (b)
2 We know that,
 R 
1.44 P  P  1 
 100  n
 R 
A  P 1 
2  100 
 R 
1.44  1 
 100 

2
  R 
4 20
7000  P 1   r=  20%
..... (1) 100
 100 
CI2 – SI2 = r% of r% of P
8
 R  20 20
10000  P  1  ..... (2)  20 = 100  100  P
 100 
 P = 500
On dividing equation (2) by (1) 24.(d)
8
CI2 yr = 246
 R  R% = 5%
P 1 
10000  100  T = 2 years
 4
7000  R  We know that
P 1 
 100  CI = A – P
n
4  R 
 P 1  P
10 
 1
R   100 
7  100 
n
 R  
Putting the value in equation (1) CI  P   1    1
  100  
10
7000  P  2
7  5  
246  P   1    1
P = 4900   100  

19.(b)  441  400 

246  P 
4 4 4  400 
x  3x   9x  27x
So, it will amount to 27 times in 12 years. 246  400
P
41
20.(d)
P = Rs. 2400
3
x 2x 3 3
 4x 8x We know that,

21.(d) P  R T
SI 
n 100
 20 
2P  P  1   2400  6  3
 100  
100
n
2   1.2  = Rs. 432
By putting values, we get n = 4
25.(a)
22.(a) We know that,
For two years interest given is 8.16% CA = A – P
n
44  R 
as 4  4   8.16  P 1  P
100  100 
So 8.16% of Principle = 408
n
Principle = 5000  R  
Now, Simple Interest = 8% of Principle CI  P   1    1
  100  
= 400
2
 12  
23.(c) 2544  P  1   1

  100  
200
S.I. for 1 year =  100
2
  28  2 
Difference of S.I. and C.I. = 220 – 200 = 20 2544  P     1
  25  

3
  784  625  4 1 7
2544  P  T  2  2   year
 625  12 3 3

2544  625 SI  100

P r
159 P T
P = Rs. 10000 252  100  3
r
We know that, 1800  7
P  R T = 6%
SI 
100
1.3(c)
10000  12  2
 P61
100 I=  I = 0.06 P
100
= Rs. 2400
So, P + 0.06 P = 15900
26.(a)
 P = 15000
Given that,
1.4(c)
Difference between CI compounded half–yearly and SI
for 1 year = Rs. 36 P × 12 × r
2P =
100
  R / 2 n  P  R T
 P 1    P   36 100
  100   100 r=
6
 6 
2
 P  12  1 P × t × 100
P 1    1   36 So, 4P = 6  100
 100  100
 
t = 24 years
  53  2  3P
P     1   36 1.5(c)
  50   25
If sum of money doubles,
Then, SI = Principal
 2809  2500  3P
P
 2500   25  36 Let Principal be Rs. P
P  25  T
P
309 P 3P 100  4
  36
2500 25 T = 16 years.

3  103P P  1.6(c)
  36
25  100 1  Case – I
P = 5000, R = 4%, T = 2 years
3 3P
  36 5000  4  2
25 100 SI 
100
P = Rs. 10000
= 400
TYPE - 1 Case – II

1.1 (b) 25
P = 5000, R = % , T = 2 years
Rate for 5 years = 5 × 6% = 30% 4
Simple interest for 5 years = 30% of principal
5000  25  2
= 30% of 8000 SI 
100  4
= Rs. 2400.
1.2 (c) = 625
Given that,
Gain in transaction = 625 – 400 = 225
SI = Rs. 252, P = Rs. 1800

4
1.7(c) R = 2.43%
S.I. = 650 “ 500 = 150, P = 500, T = 3 years
1.11 (c)
P ×T × R
Again, S.I. =
100 1 1   1 1 
P  7%  P  8%  1      × P × 10% =
3 4  3 4 
500 × 3 × R
150 = 765
100
1 1 5
R = 10% P7 P8 P  10
3  4  12 = 765
New rate = (10 + 4) = 14% 100 100 100
500 × 14 × 3 7P 25P
New S.I. = = 210  2P  = 765 × 100
100
3 6
New amount = 500 + 210 = 710
765 × 100 × 6
P= = 9000
51
1.8(b)
According to the question, TYPE - 2
1550 × 2 × R 1450 × 2 × R
 = 60 2.1(a)
100 100
Let the amount be x.
200R
= 60 C.I. = (1.12)2 x - x
100
C.I. = x[(1.12)2 - 1]
R = 30% 2862 = x[1.2544 - 1]
2862 = x[0.2544]
1.9(a)
Let the sum be P and rate of interest be r%. 2862
x= = 11250
According to the question, 0.2544

P  ( R  1)  2 P  R  2 2.2(a)
  24
100 100 It becomes 2 times in 15 years.
It becomes 4 times in 30 years.
2 PR 2 P 2 PR
   24 It becomes 8 times in 45 years.
100 100 100

2P = 24 × 100 2.3 (b)

Compound interest is given by
P = Rs. 1200
n
 r 
1.10 (c) Amount = P  1 +
 100 
According to the question,
3
 P×R×7  P × R × 4  10 
 P + 100    P + 100  = 2400 – 2250
39930 = P  1 + 
 100 

7 PR 4 PR 39930
 = 150  39930 = P (1.1)3  P =  1.13 = Rs. 30,000
100 100
3PR
= 150 2.4(a)
100
We know that,
PR = 5000
n
PRT 5000 × 4  R 
For 4 years, S.I. = = = 200 A  P 1 
100 100  100 
Sum = 2250 – 200 = 2050 = P
Again, we have, PR = 5000

5
 3
 R  Year
Plan A Plan B
8  1 
 100  Principle CI Principle SI
1st 100 10 100 12
3 2n d 110 11 100 12
 R  3
rd
121 12.1 100 12
(2)3  1 
 100  4
th
133.1 13.31 100 12
Total 46.41 48
R
2  1
100 Till 4th year the cummulative interest on B is more
than A, but in 5th year cummulative interest of A will
R become more than B.
1
100
R = 100% 3.2(d)
Difference between CI and SI for 2 years
2
2.5 (c)  r 
 P
The interest always increases by 20% of the previous  100 
years.
So, interest of 4th year : interest of 5th year  12  12 
 5000 
= x : 1.2x = 5 : 6  100  100 

2.6 (d) = 0.5 × 144

P = Rs. 1000, A = Rs. 1102.50, n = 2 year = Rs. 72
n
 r 
A = P 1 + 3.3(a)
 100 
10230
2 Here   100  37.2%
 r  27500
 1102.50 = 1000  1 +
 100  37.2
So, SI   12.4%
2 3
11025  r 
 = 1+ How for compound interest
10000  100 
3
 12.4 
2 2 Amount  27500  1  
 105   r   100 
  = 1+
 100   100  = 39050
CI = 39050 – 27500
105 r = 11550
 1 =
100 100
 r = 5% 3.4(a)
Given that: Effective SI for 2 years = 30%
2.7 (a)
Only half the bacteria produces 8 times, so net effect Effective CI for 2 years  15  15  225  32.25%
100
is 4 times.
Difference between the two = 2.25% of Rs. 5000
4096
 1st year = = 1 million 2.25
46   5000 = Rs. 22.5 × 5 = Rs. 112.5
100
TYPE - 3
3.5(b)
3.1(b)
Pr 2
Let investment in both the plans be Rs. 100 Difference =
In plan B, we will get Rs. 12 as interest every year 100 2
In plan A we will get interest as per the following P 55
table. 6  25P  60000
10000
P = Rs. 2400

6
3.6(d)
Difference of SI and CI for 3 years
PR 2 (300  R )

1003
Where, P = Principal, R = Rate of interest
P  25  305
 36.60
100  100  100

3.7(d)
Difference of SI and CI for 3 years
PR 2 (300  R )

1003
Where, P = Principal, R = Rate of interest
According to question,
P  (10)2 (300  10)
31 
(100)3

P  100  310
31 
100  100  100
P = 1000