Simple Interest ani 5 Compound Interest *-., Simple Interest If Principal = Rs. ‘P', Time = 'T' years, Rate ='R%' per annum, PxRxT 100 Amount = Principal + Simple Interest Aap4 PXRXT ->[w er] Simple Interest (SI) = 100 100. Example: Find the simple interest on Rs. 200 for 5 years at 6% per annum? Sol. Here, P=Rs. 200, T=5 years, R= 6% sl= PxRxT i 200x5x6 =Rs.60 100 100 (i) If rate of interest is half-yearly, Rate= (sand Time =2T (ii) If rate of interest is quarterly, Rate = (8) % and Time = 4T R (iii) If rate of interest is monthly, rate=(5)% and Time = 12T Installments When the borrower paid total money in some equal parts, then we can say that he is paying in installments. For simple interest, eal weal oes eR a {cg XE R22) 7 100 100 Jwhere A = Total amount paid x = value of each installment Example: A scooty is sold by an automobile agency for Rs. 19200%tash or for Rs. 4800 cash down payment together with five equal monthly instalments. If the rate of interest charged by the. company is 12% per annum, then find each instalment? %e Sol. Balance of the price to be paid through instalments P = 19200 - 4800 = 14400 Now, according to the formula, ( RA ( ee ( one) A=|X+| X+ +1 X+ tot] X+ 100 100 100 ees) PxnxR 100 = x4[x+ 12x Ja{xs a ox ee | a 12x 100 12x 100)” 12x 100 x 151200 15120=5x+ = x= > 0 > 51 where, A=P+ 14400 + = ( 100%12 => x=Rs. 2964.70 Compound Interest If Principal = Rs. P, Time =n years, Rate =r% per annum and interest compounded annually (i) When interest compounded annually a => Amount = P| 14+—— 100 (ii) When interest compounded half yearly = Amount = rs ay 100(iii) (iv) (v) (vi) Concept 2: Concept 3: Example: Sol. When interest compounded quarterly ey > Aneunt= if Al 100 When interest compounded monthly 20 => Amount = ‘ + Val 100 When time is in fraction of a year, say 34 years af (42 => Amount = P| 1+ 4) 100 100 When rate of interest is r,% durring first year, r,% durring 24 year, ,% durring 3° year. Amount =P} 14 |] 142 | 14. 100 100 100 r\ ry A=(1+30] CleA-P=P(1450) -P, 100 100 «foes A sum of money, placed at compound interest, becomes n times in t years and m times in x years then, n%4 =m” Asum of money at compound interest amounts to thrice itself in 3 years, in how money years will it be 9 times it self? 1.2 g4ugk, us, ax x = 6 yearsConcept 4: Relationship between Cl and SI for two years %, Cl 200+r ‘SI 200 Example: The Slonacertain sum of money for 2 years at 10% per anu is Rs. 400, find Cl at the same rate and for the same time. * 210 Sol. Cl= 399% t00= Rs. 420 Concept 5: When difference between the CI and SI on a certain sum of money for 2 years at r%, is given by, ng “%y 2 Pp Difference = (5) Example: The difference between the Cl and SI on a certain sum of money at 5% per annum for 2 years is Rs. 1.50, Find the sum Sol pak: P=Rs. 600 . = 00; . Concept 6: The difference between Cl and SI on a certain sum for 3 years is given by, Difference = Pri (300+") 100: Example: If the difference between Cl and SI ona certain sum of money for 3 years at 5% per annum is Rs. 122 find the sum. P(5) (300+5) 100° ‘ Concept 7: Ifasum'A' becomes 'B' int, years at compound rate of interest, then after t, years the sum becomes ) (aye Sol. 122 = P = Rs. 16000Example: Concept 8: Example: Rs. 4800 becomes Rs. 6000 in 4 years at a certatg rate of Cl. What will be the sum after 12 years. 2 (6000)* — (6000)" (4so0)"' (4800) If a sum of money Rs. x is divided among 'n’ parts in such a manner that when placed at Cl, amount obtained in each case remains equal while the rate of interest on each part is Ty) 0) Ty ae. 1, Fespectively and time period for each partis t,, t,t, -.... t, respectively. Then the divided parts of sum will be in the ratio of: 1 1 . 1 . . 1 7 DO mo Tr we) fee fee 14 700 700 700 100 A sum of Rs. 3903 is divided between A and B, so that A's share at the end of the 7 years be equal to B's share at the end of 9 years, Cl being 4%. Find A's share. Required Amount = = Rs, 9375 A'sshare:B'sshare=——!_:__1 <1 1. 4 4 4 1+—— 14+—_ 1+—_ 100 100 100 =1 £25 _ 676.625 676 A'share = 6% 3903 = Rs. 2028 (676+ 625)caaanaanacasrmk 1. Asum of money becomes four times in 20 years at SI. Find thé rate of interest. Pa Sol. Given, T = 20 years, %, Let sum = P Then, the sum after 20 years = 4P SI = 4P -P = 3P PRT PxRx20 20R_R Now, —3P="00°100—=~=O 100 R= 15% 2. Asum becomes two times in 5 years ata certain rate of interest. Find the time in which the same amount will be 8 times at the same rate of interest. Sol. Let sum =P Then, for 5 years, Sl =2P-P=P sl= PxRxT 100 PxRx5 PR P= =— = 100 20 he 2% Again, for another time (T), SI =8P-P = 7P gp _P%20xT _ 20TP _ TP "100 «100—s«*S T=7x5 =35 years 4 1 3. Ravilent outa certain sum. He lent 3 part of his sum at 7% SI, Z part at 8% SI and remaining part at 10% SI. If Rs. 510 is his annual total interest, then find the money lent out.Sol. Sol. Sol. Let entire sum = P Now, according to the question, 1px 7% 4 LP x 8% + (i) xPx 10% = 510 3 4 304 3Px7 4Px8 SP x10 = 3,4 _,l_____519 700" 100." 100 > 2427.42 = 510% 100 2 Pa S102 100%6 ps con A sum of Rs. 7700 is lent out in two parts in such a way that the interest on one part at 20% for 5 years is equal to that on another part at 9% for 6 years. Find the two sums. Let the first sum be Rs. x. Then, second sum = Rs. (7700 - x) Now, according to the question, xx20x5 _(7700-x)x9x6 100 100 = 50x = (7700-x) x 27 => 50x = 7700 x 27 - 27x => 77x= 7700 x 27 => x= Rs. 2700 .. The second part = (7700 - x) = 7700 - 2700 = Rs. 5000 What annual payment will discharge a debt of Rs. 848 in 8 years at 8% per annum? Here, P = Rs. 848, T = 8 years, R = 8% According to the formula, 100P Annual payment = —~ RIT) 2 100T +Sol. Sol. Sol. 100 x 848 _ * — 848x100 _ 84800 _ oe 10a 8+ a ) 800+32x7 1024 Raviraj imvesed anamount of Rs. 10000 at compound interest hep 10% per annum for a period of three years. How much amount will%, Raviraj get after 3 years? Amount =P] 14+—— 100 where P > Principal, r—> Rate, n > time 3 Amount = 10000( 1 +2) = Rs. 13310 100. Seema invested an amount of Rs. 16000 for two years at compound interest and received an amount of Rs. 17640 on maturity. What is the rate of interest? a( sa) =—=|1+— P 100 17640 (4,1) _ 1764 16000 100) ~ 1600 (2) rt 40) *700) 1 T=” Rs. 7500 is borrowed at Cl at the rate of 4% per annum. What will be the amount to be paid after 1 year, if interest is compounded half- yearly? 2t r t ye A=P/1+-2] =7500 es = Rs, 7803 100 100Sol. 10. Sol. 11. Sol. 12. Sol. 13. Rs. 7500 is borrowed at Cl at the rate of 4% per annum What will be the amount to be paid after 6 months, if interest is coftipounded quarterly? 8 a 4 %, ‘ at roe ‘: 4/ "2 A = 7500 1 = Rs. 7650.75 500 700 Find the compound interest on Rs. 2000 at 5% per annum, A=P compounded yearly for 2 ; years? . r a=rlrest] [+4 = 2000] 1+ 5} [145] 2960.15 | 100 200. Cl = 2260.12 - 2000 = Rs. 260.125 An amount of money grows upto Rs. 4840 in 2 years and upto Rs. 5324 in 3 years on compound interest. Find the rate per cent. P + Cl of 3 years = Rs. 5324 P + Cl of 2 years = Rs. 4840 Cl for 3 year = 5324 - 4840 = Rs. 484 Re quired r% = 104% 100 10% 4840 Find the ratio of Cl to S| on a certain sum at 10% per annum for 2 years? Cl_200+r 210 SI 200-200 Rs. 1600 becomes Rs. 2000 in 2 years at a certain rate of compound interest. What will be the sum after 4 years? = = 21:20[Wnt QUAIrrvE Aree sures meseneas nity nuypruunl Me ERED) Sol. If asum ‘A’ becomes 'B' in t, years at Cl, then after t Years, the sum be becomes (8) (ay 4 2 £2000)? _ (2000) _ gs, 2500 (1600)2"" (1600) 14. What sum of money at compound interest will amount to Rs. 2249.52 in 3 years, if the rate of interest is 3% for the first year, 4% for the second year and 5% for the third year? Sol. a=r(1+-H\(1+2)(1+5) 100. 100. 100. 2249.52 = P(r +3) (: ++) +2) Too) * Fo0)\" * F00 P =Rs. 2000 15. Find the difference between Cl and SI on Rs. 8000 for 3 years at 2.5% pa. Required Amount = Pr? (300+) . Difference = Sol Cc 700? [only possible for 3 years] _ 8000(2.5)" (300+ 2.5) ‘on =Rs. 15.125rounaation 1. Wi 4 hat is S.1. of Rs. 800 on 5% per annum for 3 years? (a)120, (b) 140 (c)210 . (d) 230 (e) None of these So, 2. How many years will it take for amount of Rs. 600 to yield Rs. 120 as > interest at 10% per annum of S.1.? (a)1 year (b) 3 year (c) 2 year (d) 4 year (e) None of these 3. Asum of Rs. 15000 amount gave Rs. 4500 as interest in 5 year. What is rate of interest? (a)3% (b) 4% (©)5% (d) 6% (e) None of these 4. Asum of money becomes Rs. 1100 in 2 years and Rs. 1400 in 6 years at S.I. Find the rate percent. W7 7 4 @755 (b) 1G ©@25 (d) 82 (e) None of these 5. What would be the C.|. on Rs. 17500 at the rate of 12 p.c.p.a. after 2 years? (a)Rs. 4442 (b) Rs. 4452 (c) Rs. 4462 (d) Rs. 4482 (e) None of these 6. What would be the C.1. obtained on an amount of Rs. 12000 at the rate of 9 p.c.p.a for 3 years? (a)Rs. 3840 (b) Rs. 3740.75 (c) Rs. 3540 (d) Rs. 3640 (e) None of these 7, What would would be the C.I. obtained on an amount of Rs. 4800 at the rate of 5 p.c.p.a for 3 years? (a)Rs. 448.7 (b) Rs. 817.8 (c) Rs. 623.5 (d) Rs. 756.6 (e) None of these10. 11. 12. 13. 14. 15. What would be the C.!. obtained on an amount of 12506 the rate of 12 p.c.p.a. after 2 years? oe (a)Rs. 3180 (b) Rs. 3360 (c) Rs. 3540 re (d) Rs. 3720 (e) None of these a The difference between simple and compound interest on sump 10000 is 64 for 2 years. Find the rate of interest. (a)8 (b) 64 (c)4 (d) 2 (e) None of these The difference between simple and compound interest compounded annually on a certain sum of money for 2 years at 4% per annum is Rs. 1. The sum (in Rs.) is: (a)625 (b) 630 (c) 640 (d) 650 (e) None of these Find the compound interest on Rs. 12500 at 8% per annum for 9 months compounded quarterly. (a)Rs. 1020 (b) Rs. 1428 (c) Rs. 510 (d) Rs. 550 (e) None of these Find the compound Interest on Rs. 32000 at 20% per annum for 1 year, compounded half yearly. (a)Rs. 6320 (b) Rs. 6720 (c) Rs. 6400 (d) Rs. 6500 (e) None of these The difference between C.l. & S.l. on Rs. 700 in 2 years at 5% per annum is: (a)Rs. 10 (b) Rs. 5 (c)Rs.1 (d) Rs. 2.5 (e) Rs. 1.75 The difference between the compound and simple interest on asum of money for 2 years at 1% per annum is Rs. 10. The sum is (a)Rs. 2000 (b) Rs. 2200 ()Rs. 2560 (d) Rs. 2600 (e) None of these If a sum of money doubles itself in 8 years at S.l. then the rate of interest per annum is: (a)Rs. 10.5 (b) Rs. 12.5 (c)Rs. 11.5 (d) Rs. 13.5 (d) None of these16. What sum lent at 10% per year on S.I. will amount teRs. 450 in 2 years? (a)Rs. 350 (b) Rs. 375 (C)Rs.240 %, (d) Rs. 280 (e) None of these a 17. Nutan invest Rs. 22400 on S.|. at rate 12 p.c.p.a. How much amount she will get after seven year. “%y (a)41,116 (b) 41,216 (c) 42,116 (d) 42, 216 (e) None of these 18. What time taken by sum of Rs. 7000 to became 10500 at the rate of 5% per annum? (a)8 years (b) 10 years (c)5 years (d) 15 years (e) None of these 19. A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9% p.a. in 5 years. What is the sum? (a)Rs. 4462.50 (b) Rs. 8032.50 (c) Rs. 8900 (d) Rs. 8925 (e) None of these 20. If the difference between the C.1. compounded half yearly and simple interest on asum at 10% per annum for one year is Rs. 25, the sum Is: (a)Rs. 9000 (b) Rs. 9500 (c) Rs. 10,000 (d) Rs. 10,500 (e) None of these 21. The difference between compound and simple interest at a certain rate on Rs. 2000 at the end of two years is Rs. 12.8. The rate of interest per annum is (a)6.8% (b) 8% (0) 12.8% (d) 16.8% (e) None of these 22. If asum of money at simple interest doubles itself in 6 years, it will become four times in: (a)14 years (b) 12 years (c) 18 years (d) 16 years (e) None of these 23. A sum of money doubles in 3 years at compound interest, compounded annually. It will become 4 times of itself in: (a) 12 years (b) 9 years (c)8 years (d) 6 years (e) None of these%, 24. If the amount is 6a times the sum after 2 years at compouih interest, 6, the rate of interest per annum is: a (a) 130% (b) 140% (c) 125% Me (d) 150% (e) None of these *e, 25. Amit invested an amount of Rs. 25000 in fixed deposit @ C.1. 8% per % annum for 2 years. What amount Amit will get (a) Rs. 28240 (b) Rs. 28540 (c) Rs. 29240 (d) Rs. 29160 (e) None of these 26. Find the ratio of S.l. & C.l. on a certain sum of money at 5% per annum for 2 years (a)50: 51 (b) 40:41 (c) 30:31 (d) 45 : 46 (e) None the these 27. Asum of money invested at S.I. accured to Rs. 800 in 3 years and to Rs. 840 in 4 years. The rate of interest per annum is. (23 (b) 4% ()5% (d) 65% (e) None of these 28. What is difference between C.I. and S.I. of Rs. 12000 on 5% per annum for 2 years? (a)35 (b) 25 (c)30 (d) 40 (e) None of these 29. Find the difference between C.1. & S.].on Rs. 15000 at 3% per annum for 3 years? (a)40.91 (b) 73.91 (c) 39.91 (d) 30 (e) 35 30. Find the difference between C.1. & S.|. on Rs. 13000 at 4% per annum for 3 years? (a)Rs. 63.23 (b) Rs. 73.25 (©) Rs. 68.25 (d) Rs. 70.29 (e) Rs. 59.2531. 32. 33. 34. 36. 36. 37. 38. Acertain sum of money gives Rs. 500 at 5% S.1. for 1 year, What isthe C.I. at the same rate at the end of 2 years? “t (a)Rs. 1050 (b) Rs. 1015 ()Rs. 1035 %, (d) Rs. 1025 (e) None of these ey, The difference between the S.|. and C.I. obtained on principal amouit at 5 p.c.p.a. after 2 years is Rs. 35. What is principal amount. % (a) Rs. 15000 (b) Rs. 10000 (c) Rs. 14000 (d) Rs. 13000 (e) None of these The C.1. on Rs. 10000 at 20% per annum at the end of 1 year 6 month, if the interest is calculated half yearly will be (a)4340 (b) 5320 (c) 3310 (d) 4590 (e) None of these The S.I. is 7200 on 12 p.c.p.a. for 6 years on a sum. What is C.I. on 5 p.c.p.a for 2 years? (a)Rs. 1020 (b) Rs. 1055 (c) Rs. 1050 (d) Rs. 1025 (e) None of these If the difference between S.I. and C.I. is Rs. 25 on 10000 for 2 years then what is rate of interest? (a)6 (b) 4 ()5 (d) 3 (e) None of these If the ratio of Cl & SI interest for the same principal and rate of interest for 2 years is 1.2, find the rate of interest. (a) 300% (b) 15% (c) 140% (d) 3% (e) None of these What is Cl on Rs. 7500 for 4 years if the rate of interest is 10% p.a. for the first 2 year and 20% p.a. for the next 2 year? (a) Rs. 5273 (b) Rs. 5568 (c) Rs. 5724 (d) Rs. 5325 (e) None of these What will be Cl on an amount of Rs. 10000 at the rate of 20 p.c.p.a. in two years if the interest rate is compounded half yearly? (a)Rs. 4525 (b) Rs. 4232 (c) Rs. 4641 (d) Rs. 4461 (e) None of these39. Find the difference between SI and Cl at 12% for 2 year‘an Rs. 10000. (a)Rs. 169 (b) Rs. 12 (c) Rs. 144 (d) Rs. 24 (e) None of these 40. Find the difference between SI and Cl at 14% for 2 years on Rs. site (a)Rs. 144 (b) Rs. 169 (c)Rs. 124 We (d) Rs. 196 (e) None of these 1, Prabhat took a certain amount as a loan from bank at the rate of 8% Simnle interest ner anniim and nave the came amnunt tn Ashish ac a|= PRT _ 800x5x3 1. (@); st=PRTL =Rs.120 100 100 SIx100 _ 120x100 2. (); T= aK 2 © PR 600x104" 3, (Gy Ra SL%100, _ 4500%100 _ go, PT 15000x5 4. (a); Total SI difference = 1400 - 1100 = Rs. 300 Total Time = 6 -2 = 4 years s1 = 300 _ Rs. 75 4 For 2 year SI = 75 x 2 = Rs. 150 So, P = 1100 - 150 = Rs. 950 75 R= x 10-71% 950 19u 5. > ~ @ 10. (a); Difference between Cl and SI for 2 years = PR (b); ciel. 5) R (c); Cl= elt +2) 1 Here,P = Rs. 12000, R= 9% p.a, n =3 years - (a); creo Ey plfy 4)’ 4] =12500 (12) 1 = Rs, 3180 *T00 5 100 ape (a); Cl (a); Difference between Cl and SI for 2 years= _ 10000 x R? ~ 100x100 Px16_, = “00 ~ 109 100 3 - 7 = Rs. 3540 (Appx.) 3 = 4800 (+2) -1/=Rs. 756.6 100. PR? 1007 R?=64 > R=8% 2 100? => P=Rs. 625 11. (e); Because amount compound quarterly rate So, Year = year x 4, Rate = a9 8 *, year =——x4=3 years, rate=—=2% “wy 72 * years, 4°" 3 . Cl = 12500 (+2) —1]= Rs. 765 100. 12. (b); Because the amount is compounded half-yearly rate So, year = year x 2, rate => -. year = 2 years, rate = 10% => Cl=P (12) = 32000 (1429) = Rs. 6720 - 100. - 100. a 2 13. (e); Difference between Cl and SI for 2 years = a 1007 700 x5x5 *yoox 100 = S178 . PR? 14. (c); Difference between C! and SI for 2 years= 7007 25 Here, Difference = Rs. 10, R =7* per annum 2 7 => 10=Px => P=Rs. 2560 4x 100. 15. (b); Here, amount = 2P (Where P = Principal) 100xSI _ Px 100 =P, Rate = = = 12.5% Hence, SI = P, Rate =" Px8 fo PxRxT 16. (b); Amount = P +00 Px2x10 450 =P +—~<~— > P= Rs. 375 100100 100 PxRxT 100 Oy 10500 = 009 + 700057 => T=10 years ee PxRxT 224 12x7 17. (b); Amount = P +P *R*T _ y9490 22400%12%7 _p 216 a x 18. (b); Amount = P + 19. (a; S12 PRT 4016.25 -P*2*8 — p - Rs. 8925 100 100 20. (c); Year = 2 years, 10 R= =5% [+ Cl iscompounded half-yearly] 2 Difference between Cl and SI for 2 years= Too" 25=—*%_.p_ps 10000 700 x 100 2 21. (b); Difference between Cl and SI for 2 years= x _ 2000x R? (100)? 22. (c); Here, Amount = Principal + SI Now, since amount is given as 2P, hence SI must be equal to P _PxRx6 ~~ 100 12.8 => R=8% per annum =>P [Using SI formula] >Re oe per annum Now, Amount = 4P (Need to find)Hence, SI = 3P Px ext 3p-—3_ = 300 = © or T =18 years 100 3 23. (d); Let the sum of money be Rs. 100 Rs, 100 = + Rs, 200" > Rs. 400 Here, Rs. 100 becomes 4 times i.e. Rs. 400 in total 6 years 24. (d); Let amount be 100 25 Then 100 x 77 Rs.625 (Final amount) 2 r So, 625= 9 +5) 3 (11) 5_ 100+r = 10 7b 100 Pim 700 =>r=150% i _ Ry 25. (d); Here, Amount= rile) a = 25000| (14-2 500 IK a) | - any - - x00 (7 |e 29160 PxRxT SI 100 26. (b); Here, == (b); Here, cy Pl 8) |100x 5x2 10° wy =— 100 - 100-49: 41 3 Al 0 5)? ba: rol (1+ 5) | 40 a ° 27. (c); Sl becomes Rs. 800 in 3 years and becomes Rs. 840 in 4 years neg, => Hence, SI of 1 year = Rs. (840 - 800) = Rs. 40 40x 100 = Rate= “E0031 28. (c); Here, difference between SI and Cl for 2 years _ PR? _ 12000x(5)’ (100)’ (100)? 29. (a); Difference between Cl and SI for 3 years PR? (300+R) (100)° [Here, P = Rs. 800] = 5% per annum =Rs. 30 => Difference = _ (15000) (3)’ (303) ~— (100)* 30. (a); The difference between Cl and SI for 3 years PR?(300+R) (100) = Rs. 40.91 (appx.) => Difference = 13000 x (4)’ (304) =————— = Rs. 63.23 (appx. (100)° (appx.) Six 100 500 x 100 _ (d); Principal = = * ERs, 31. (d); Principa Rate xtime Bx Rs. 10000 5 2 => Now Cl at 5% rate =o (14-5) |- Rs. 10252 PR Difference between Cl and SI for 2 years= 100? > 36= oe => P=Rs. 14000 : Rate = 2 = 10%, Time = 32 = 3years [.. Cl is calculated half yearly] cr som (148) 10000 (“)- Rs. 331 700 = qo} 1 )= Rs. 3310 p_ S1x100 _ 7200100 2. igggg RxT 12x6 R) 5) cl=P (: =) —1| = 10000) (1 +) -1/=Rs. > | * 700 | *F00 Rs. 1025 2 Difference between Cl and SI for 2 years= aor (10000) R? (100) : Here, cief(1+ 5) | CR? ar) PR[.R nels Re 22) | PRL B2] FR{Rt DO] _Px2xR _ Cl_,,_ 100 100 = SIF > = = ape 100 => 2= = R=5%per annum%, Cl 200+R 200+R ==" 5 125 + => R=40% Na 8 st 200 200 “li 2 2 By. 37. (b); Cl = 7500 (+0) x(1+20) -1 100 100. [Here, R = 10% per annum for first 2 years and R = 20% per annum for next 2 years] 2 2 s ran (2) (2) -|- 5568 10. 10. 38. (c); Here, the amount is compounded half-yearly R Hence, Rate= zee 10% per annum Time = 2T =2 x 2= 4 years = onl = 10000 (+22) -1 = Rs. 4641 - 100 " 2 39. (c); Difference between SI and Cl for 2 years = ER (100)” => Difference = (10000)(12)" = Rs. 144 (100) 40. (d); Difference between SI and Cl for 2 years= za Difference = Ao000 #14" = Rs. 196 100001. Prabhat took a certain amount as a loan from bank at the rate of 8% Simple interest per annum and gave the same amount to Ashish as a loan at the rate of 12% p.a. on S.I. If at the end of 12 yrs, he made a profit of Rs. 320 in the deal, What was the original amount? (a)Rs. 500 (b) Rs. 600 (©) Rs. 666.67 (d) Rs. 750.27 (e) None of above 2. What annual instalment will discharge a debt of Rs. 1092 due in 3 years at 12% Simple interest? (a)Rs. 250 (b) Rs. 275 (c) Rs. 300 (d) Rs, 325 (e) Rs. 350 3. A Man invests a certain sum of money at 6% p.a. Simple interest and another sum at 7% p.a. Simple interest. His income from interest after 2 years was Rs. 354. One fourth of the first sum is equal to one fifth of the second sum. Find the total sum he invested? (a)Rs. 1500 (b) Rs. 1200 (c) Rs. 2700 (d) Rs. 5400 (e) None of these 4. Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B? (a)Rs. 6400 (b) Rs. 6500 (c) Rs. 7200 (d) Rs. 7500 (e) None of these 5. Anautomobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the10. principal. If he is charging an interest of 10%, the effective rate of interest becomes: (a)10% (b) 10.25% (C)10.5% 8, (d) 15% (e) None of these an Asum of Rs. 725 is lent in the beginning of a year at a certain rate Of, interest. After 8 months, a sum of Rs. 362.50 more is lent but at the * rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest? (a)3.6% (b) 4.5% (c)5% (d) 6% (e) None of these Aditya invest Rs. 50,000 in a fixed deposit at 10% C.I. for 2 years. At the end of 2 years she put the money in another deposit at 12% S.1. for 3 years. What was the final value of the initial Investment? (a) Rs. 80000 (b) Rs. 81280 (c) Rs. 82280 (d) Rs. 83280 (e) None of these There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate? (a)Rs. 2160 (b) Rs. 3120 (c) Rs. 3972 (d) Rs. 6240 (e) None of these A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is: (a)Rs. 120 (b) Rs. 121 (c) Rs. 122 (d) Rs. 123 (e) None of these Aditya invested certain amount in two different schemes A and B. Scheme A offer S.1 @ 12 p.c.p.a. and scheme B offer C.I. @ 10 p.c.p.a. Interest accured on the amount invested in scheme A in 2 years was Rs. 3600 and the total amount invested was Rs. 35000. What was the interest accured on the amount invested in scheme B?11. 12. 13. 14. 15. 16. (a)Rs. 4500 (b) Rs. 4200 (c)Rs. 4000 (d) Cannot be determine (e) None oe The population of a town In 2009 was 125000. It increase Oe per year. What is the population after 3 years? te (a) 166375 (b) 170000 (c) 125000 * (d) 10000 (e) None of these Asum of Rs. 1500 amounts to Rs. 3000 in five years at a certain rate of simple interest. If the rate of interest is increased by 1% the same sum in the same time would amount to: (a)Rs. 3,288 (b) Rs. 3,312 (c) Rs. 3,340 (d) Rs. 3075 (e) None of these Abhinav invested a certain amount at the rate of 8 p.c.p.a. for 5 years and obtained a SI of Rs. 3800. Had he invested the same amount at the same interest for 2 years, how much amount would she have obtained as Cl at the end of 2 years? (a)Rs. 1520 (b) Rs. 1550.5 (c) Rs. 1550 (d) Rs. 1580.8 (e) None of these Nutan borrowed some money at rate of 4 p.c.p.a. for the first three year, at the rate of 8 p.c.p.a. for the next 2 years and at the rate of 9 p.c.p.a. for the period beyond 5 years. If she pay a total SI of Rs. 19550 at the end of 7 years. How much money did she borrow? (a)Rs. 41500 (b) Rs. 42500 (c) Rs. 39500 (d) Rs. 40500 (e) None of these Girish invested some money in a bank. After eight years his amount became triple. How many times of the original sum will the money become in 20 years at Simple Interest? (a)5 times (b) 6 times (c)7 times (d) 8 times (e) None of these Ram divided 2189 in three parts such that interest on them after 1, 2 and 3 years respectively be equal. The rate of SI is 4% per annum in all cases. The smallest part is (a) Rs. 702 (b) Rs. 398 (c) Rs. 425 (d) Rs. 756 (e) Rs. 1093 g17. Ravi invested a total amount of Rs. 65000 in three different schemes A, B, C with rate of interest 12 p.c.p.a., 16 p.c.p.a. and 4 p.c.p.a. respectively and earned a total interest of Rs. 10,180 in one’ygar. If the amount invested in A is 72% of the amount invested in C'gen what was the amount invested in scheme B. Sy, (a) Rs. 15000 (b) Rs. 25000 (c) Rs. 22000 Sy (d) Rs. 18000 (e) cannot determine 18. The population of Mumbai increase 5% per annum. It’s population was 100000 in 2004. What was it’s population after 3 year? (a)115760 (b) 123575 (c) 132557 (d) 11000 (e) None of these 19. Which of the statement given below are sufficient to answer the following question. What is the rate of interest p.c.p.a. on the amount of Rs. 15000 taking loan? (1) The difference between C.1. & S.I. is Rs. 170 (2)The S.1. of 2 years is Rs. 2500 (a)Only | (b) Only II (c) Either | or II (d) neither | or |! (e)both | and II together 20. Which of the statement given below are sufficient to answer the following question. What is the rate of interest per annum on an investment of Rs. 800? (1)The income from S.I. at the end of 3 years at the same rate of interest is 19 (2)C.1. is 15.76 more than S.!. on same sum & same rate in 2 years (a)Only | (b) Only II (c) Either | or II (d) neither | nor |! (e) Both | and II together 21. Which information given below is sufficient to know the amount If the difference between the C.I. & S.I. for 2 years is 18? (1) The rate is same at which an amount of Rs. 1000 become 1120 for 2 years in S.l.22. 23. 24. 25. 26. (2)The principal given is Rs. 2000. “ay (a)Only | (b) Only II (c) Either | | (d) Neither | nor II (e) Both | and |! together A sum of Rs. 1521 is lent out in two parts in such a way eghe simple interest on one part at 10% for 5 yr is equal to that of anothes part at 8% for 10 yr. What will be the two parts of sum? % (a)Rs. 926 and Rs. 595 (b) Rs. 906 and Rs. 615 (c)Rs. 916 and Rs. 605 (d)Rs. 936 and Rs. 585 (e)None of the above Rashmi lent Rs. 600 to Geeta for 2 yr and Rs. 150 to Seeta for 4 yr at same rate of interest and received altogether Rs. 80 as simple interest from both. Find the rate of interest. 4 4 4 (235% (b) 25% (55% 4 (d) 45% (e) None the these Hemant makes a fixed deposit of Rs. 20000 in Bank of India for a period of 3 yr. If the rate of interest be 13% SI per annum charged half-yearly, what amount will he get after 42 months? (a) Rs. 27800 (b) Rs. 28100 (c) Rs. 29100 (d) Rs. 30000 (e) None of these Gaurav borrowed Rs. 800 at 6% and Naresh borrowed Rs. 600 at 10%. After how much time, will they both have equal debts? 1 1 1 15— = 18— (a) 5yyr (b) Mow (©) Boye 2 (d) lear (e) None of these What annual payment will discharge a debt of Rs. 1092 due in 2 yr at 12% simple interest? (a)Rs. 725 (b) Rs. 325 (c)Rs. 515 (d) Rs. 900 (e) Rs. 40027. 28. 29. 30. 31. 32. will discharge a debt of (a)Rs. 980 (b) Rs. 880 (c) Rs. 440 (d) Rs. 220 (e) None of the above e The population of a city increase at the rate of 5% pa. If the preselit, population of the city is 370440, then what was its population 3 yr ago? (a)3 lakh (b) 3.2 lakh (c) 3.4 lakh (d) 3.6 lakh (e) None of these The population of a particular area of a city is 5000. It increases by 10% in 1st yr. It decreases by 20% in the 2nd yr because of some reason. In the 3rd yr, the population increases by 30%. What will be the population of area at the end of 3 years? (a)5120 (b) 5300 (c) 5400 (d) 5620 (e) None of these The cost price of a car is Rs. 400000. If its price decreases by 10% every year, then what will be the cost of car after 3 years? (a)Rs. 3,00,000 (b) Rs. 2,91,700 (c) Rs. 2,91,600 (d) Rs. 2,50,000 (e) None of these Suneeta borrowed certain sum from Reena for 2 yr at simple interest. Suneeta lent this sum to Venu at the same rate for 2 yr at compound interest. At the end of 2 yr, she received Rs. 110 as compound interest but paid Rs. 100 as simple interest. Find the sum and the rate of interest? (a) Rs. 250, rate 10% pa (b) Rs. 250, rate 20% pa (c) Rs. 250, rate 25% pa (d)Rs. 250, rate 30% pa (e) None of these Find the least number of complete years in which a sum of money put out at 20% compound interest will be more than double? (a)3 yr (b) 4 yr (c)5 yr (d) 8 yr (e) None of these . The annual payment of Rs. 160 in5 yr at 5% per armaments33. The population of a country is 10 crore and it is the pdssibility that the population will become 13.31 crore in 3 years. What ill be the annual rate per cent of this growth? hy (a)8% (b) 12.7% (c)10% *, (d) 15% (e)None of these “s, 34. Income of Hemant was Rs. 4000. In the first 2 years, his income. decreased by 10% and 5% respectively but in the third year, the income increased by 15%. What was his income at the end of third year? (a) Rs. 3933 (b) Rs. 4000 (c) Rs. 3500 (d) Rs. 3540 (e) None of the above 35. A man borrows Rs. 5100 to be paid back with compound interest at the rate of 4% pa by the end of 2 years in two equal yearly instalments. How much will be each instalment? (a)Rs. 2704 (b) Rs. 2800 (c)Rs. 3000 (d) Rs. 2500 (e) None of above 36. Divide Rs. 2602 between X and Y, so that the amount of X after 7 yr is equal to the amount of Y after 9 yr, the interest being compounded at 4% pa. (a)Rs. 1352, Rs. 1250 — (b) Rs. 1400, Rs. 1350 (c) Rs. 1215, Rs. 1300 (d) Rs. 1500, Rs. 1450 (e) None of these 37. If Rs. 3000 amounts to Rs. 4320 at compound interest in a certain time, then Rs. 3000 amount to what in half of the time? (a)Rs. 3400 (b) Rs. 3600 (o) Rs. 38000 (d) Rs. 3520 (e) None of these 38. Asum of money lent at compound interest for 2 yr at 20% pa would fetch Rs. 964 more, if the interest was payable half-yearly than if it was payable annually. What is the sum? (a)Rs. 40000 (b) Rs. 60000 (c)Rs. 90000 (d) Rs. 500000 (e) None of the above 39. A sum of Rs. 8448 is to be divided between X and Y who are respectively 18 and 19 yr old, in such a way that if their shares beinvested at 6.25% per annum at compound interest, they.will receive equal amounts on attaining the age of 21 yr. The present share of X is (a)Rs. 4225 (b) Rs. 4352 (C)Rs. 4096 %.,, (d) Rs. 4000 (e) None of these nr 40. During the first year, the population of a village is increased by 5% and in second year it is diminished by 5%. At the end of the second, year, its population was 47880. What was the population at the beginning of the first year? (a) 45500 (b) 48000 (c) 43500 (d) 53000 (e) None of these1. (c); Let the original amount be Rs. P. %, " T= 12, R, =8%, R, = 12%, Profit = 320 Mes PxTxR, PxTxR, 100 ~—«*100 Px12x12 Px8x12 100 ~~—«*100 2000 pe 3 P = Rs. 666.67 2. (d); Let each instalment be Rs. A 100P RT(T-1) 2 = 320 = 320 A= 100T + _ 100x 1092 ~ 1003+ 36 = Rs. 325 3. (c); Let the sums be A and B R,=6, R,=7, T=2 P,xR, xT P, xR, xT = 354 100 100 Ax6x2. Bx7x2 700 + 100 = 354 > 6A+7B=17700 also one fourth of the first sum is equal to one fifth of the second sum An Be 5A-4B=0 4.5 By solving the equations we get, A= 1200, B = 1500 Total sum = Rs. (1200 + 1500) = Rs. 2700S @; ; Let 14% amount = Rs. x (©); 11% amount = Rs. (13900 — x) Xx2x14 , (13900-x) x11x2 100 100 6x = 350800 - 13900 x 22 > x= 7500 Scheme B = 13900 - 7500 = Rs. 6400 = 3508 ; Let the sum be Rs. 100 and interest is calculated half-yearly. = Then, Rate = 2 =5%, Time = 2 years 5x5 Effective rate of interest= 5+ 5+ 700 10.25% Let the original rate = R% New rate = (2R)% 725xRx1 4 362.50x2R x1 100 3x 100 => (2175 + 725) R = 33.50 x 100 x 3 => (2900) R= 10050 = R= 3.46% Cl for first 2 years 10)? = 50000|[1+——] -1]= Rs. 10500 100. = 33.50 Amount = P + Cl = 50000 + 10500 = Rs. 60500 PxRxT _ 60500x12x3 Sl= - See ER, 700 700 Rs. 21780 Total amount = Rs. 82280 Let P = 100, A= 100x204 100 = Rs, 160 60x 100 _ 100x6 x 12000 = Rs. 3972 | = 160 - 100 = Rs. 60, R= 10% 331 1000 Cl=9. (b); Here, Cl is calculated on half-yearly basis Ma, Hence, Amount would be defined as: Na % 2 “by A= 1600( 1+ S J + 1600{ 1+ 5 ) * 2x 100 2x 100 ; (where Rate = Ree = 54) 41( 41 A= Rs | 600 a(S, | = Rs, 3321 Cl =A-P=Rs. (3321 - 3200) = Rs. 121 10. (b); Let the money in first installment = Rs. x Second installment = Rs. (35000 - x) The principal is defined as: 3600 x 100 > Pe Rs. 15000 (Using SI in scheme A) The money in first installment = Rs. x = Rs. 15000 Scheme B = Rs. (35000 - 15000) = Rs. 20000 > creel) a] = 20000 (142) 1 = Rs. 4200 - 100. — 11. (a); Let population P be 100 400 220s 149 2 191 2 133.1 For P = 100, increase in 3 years = 133.1For P = 125000, increase in 3 years = 133.1 15000 = 166375 100 12. (d); Here, diference = SI = 3000 - 1500 = Rs. 1500 1500 x 100 Rate = —————- = 09 = = Rate 75005 20%, (P = Rs. 1500) = Now, Rate of interest = (20 + 1)% = 21% 1500 x 5 x 21 = Hence, new SI= a Rs. 1575 => Amount = Principal + SI = Rs. [1500 + 1575] = Rs. 3075 3800x100 13. (d); Principal SS Rs. 9500 > cal 5) | 2 = 9500 (+4) —1]|= Rs. 1580.8 100. 14. (b); Total SI = Rs. 19550 PxR,xT, PxR,xT, , PxR,xT, 19550 = + + 100 100 100 19550 =P 4x3 8x2 9x2 100 «6100 =100 12. 16 18 49550 =p! 12,16 , 18 . 580 [oso 70 = P= Rs.'42500,15. (b); Let his money be 100 Rs. After eight year it becomes 300 interest = 200 200 x 100 So, Rate= 00x8 100 x 25 x 20 S| = ————— = 500 In 20 year, 700 So, amount = 500 + 100 = Rs. 600 Hence, from Rs. 100 to Rs. 600, it becomes 6 times 16. (b); Let amount be a, b, c respectively then, = 25% ax4x1_bx4x2_cx4x3 100 = 100-—Ss«*100 => a= 2b = 3c = 6K (let) a= 6K, b=3K,c=2K so the parts are in ratio is 6:3:2 a x2=199x2=Rs. 398 17. (c); Suppose amount invested in scheme A = x Suppose amount invested in scheme B = y Suppose amount invested in scheme C = z Smallest part = xX +y+z= 65000 «(i) From question x= Tol 2= ez fli) So, 12x + 16y + 18z = 1018000 => 6x +8y +92 = 509000 ...(lii) From (i), (ii) and (iii) get 43 ; 3527 ¥ = 65000 .(iv)18. (a); 19. (c); 20. (c); 108 te og 2 t By +92 = 509000 we > ci z+ 8y = 509000 ea(v) 25 a 344 oe, From (iv) we have — 2t8y= 520000 w(vi) % « (vi)-(v) ot: = 11000 11z = Rs. 275000, z = Rs. 25000 y = Rs. 22000 Here, Population P = 100000 100000 "5 105000" 110250 + 115762.5 (2004) (2005) (2006) (2007) Hence Population after 3 years is almost 115760 This question can be solved either using statement (1) or (2) In statement (1), it is simple formula of difference PR? (100)” In statement (2), it is simple formula of SI This question can be solved either using statement (1) or (2) In statement (1), we can apply formula of SI in statement (2), we PR? (100)? need to determine difference formula of = ; We can solve this question using both information together. Because, in statement |, we can find rate of interest and in statement II, we know the Principal. ; Given, 1, =5yr, R, = 10% and T, = 10 yr and R, = 8% Let the first part = x23. (d); 24. (c); Then, second part = (1521 - x) Now, according to the question, xx5x10 _ (1521-x)x10x8 100 100 => 5x = 12168 -8x = 13x = 12168, x = Rs. 936 and second part = 1521 - 936 = Rs. 585 Given, 1, =2 years and T, =4 years, P, = Rs. 600, P, = Rs. 150 and Sl, + SI, = Rs. 80 According to the question, 600xRx2 150xRx4 100 100 => 120R + 60R = 800 > 180R = 800 p= 800 _ 80 _ 40 _ 44a 180 18 #9 9 Given, time = 42 months =80 > 42 years = a years 12 2 > fe 2=7half-yr, rate= So half-yearly 51 = 2000013 x7 ~— 100x2 Amount (A) = 20000 + 9100 = Rs. 29100 = Rs. 9100 ; Given, —R, = 6%, R, = 10% According to the question, goo 4 200% 6xT = 600 + 200% 10xT 100 100 800 + 48T = 600+ 60T > 12T=200 > 3T=50 T= 0 16? years 3 3g26. (c); According to the formula, 100P Annual payment = rT) 100T +--+ 2 1092 x 100 _ 1092 x 100 1002+ 4G—1) a1 = Rs. 515.09 = Rs. 515 Given, annual payment = Rs. 160 R=5%, T=5 years, debt (P) =? According to the formula, 100P oor +R TT=1) 27. (b); Annual payment = 100P = 169-0 > 160-2 5x 100+ = 550 x 160 P= 55 x 16 = Rs. 880 Given that, P = 370440, R = 5% andn = 3 years According to the formula, 28. (b); _P (+500) 100. 370440 _ 370440 (a) 14+— — 100 20. _ 370440x 20x 20x20 _ 370440 x 8000 ~ 21x21% 27 9261 Population n years ago = Population 3 years ago= = 40 x 8000 = 32000029. (e); Population of particular area P of acity=5000 = %, In 1% year population got increased by 10% Ny ~. Population P, = 5000 + 10% of 5000 = 5500 In 2™ year population decreased by 20% «. Population P, = 5500 - 20% of 5500 20 = 5500 -= 55 x 5500 = 4400 In 3'4 year population increased by 30% Population P, = 4400 + 30% of 4400 30 = 4400 * 700 x 4400 = 5720 30. (c); Given that cost of acar, P = Rs. 400000 => Decreasing rate = 10%, year = 3 years 2 => Price of car after 3 years = (1 -#) 10) 9 9 9 = 4oa000{ 1-12) = J ytyxt e 700 400000 xox 25% 79 Rs. 291600 31. (b); Let the sum borrowed be Rs. P Rate of interest = R% Cl =Rs. 110, SI = Rs. 100, Time (i) = 2 years Cl-Sl = 110-100 = 10 2 2 > Difference = PR > 10= ER 7 fi) (100) (100) SIxR 100xR i =—— 10= ; R= 20% wali = Difference 0 = 500 fo (ii) Put value (ii) in (i) P(20)’ (20) P= Rs, 250 (100)? * 10=32. (b); Let the sum be Rs. P According to given question: 1 n > p(1+%) >2P> p(1+20) >2P 100. 100. > (2) > 2 By hit and tril method, n > 4 years 33. (c); Given, P = 10 crore and population after 3 years = 13.31 crore According to the formula, Population after n year = (1 +2) 700 ; : 1331 R saareno(so8) 5 (14-2) = *300) = tooo '* t00 (40) oN) RM = Go “CU 100/ > "T0070 RM 44. Re 10% 700.10 10 34. (a); Initial income of Hemant, P = Rs. 4000 Let r,(rate of decrease) = 10%, (rate of decrease) = 5%, r,(rate of growth) = 15% So, Net final Incorne= P{ -2)(1- fe Jf) 100 100. 100. “eels 100 100. 100. 19 = 4000 x —x—x—= 0 Dx xx Rs. 393335. (a); Let the installment in each part be Rs. P According to question: > at Rs. 5100 (+2) (1+ 100 100. P,P sion (1-4) (+4) 100. 100. 26P. , 625 P=5100 = 1275P = 5100 x 676 26 676 p = 2100x676 _ 2. o704 1275 36. (a); Let the first part be Rs. a Second part Rs. (2602 - a) According to question: Amount after 7 years = Amount after 9 years ry! ( r y => a(1+-5) = (2602-a) 140, oe (vt) = (2602-4) \* 100 a 26 26 676 => (2602-4) 25°25 625 => 625a = 676 (2602 -a) g = 816% 2602 _ Rs 1352 7301 Second part = Rs. (2602 - a) = Rs. 125037. (b); Let rate = R% and time = n year R\ 4320 = 3o00( 1 +2) Then, 700 R \ 4320 4 RY 248205 4g = ( *00/ ~ 3000 y oo) = 14)" 2 Ta 21.2 (48 Required amount for year R\% = 3000( 1 +5) = 3000 x 1.2 = Rs. 3600 38. (a); Let the principal be Rs. P If Cl is compounded half-yearly, 4 => Cl=P (+9) =a 100. (where R = Be p.a. and T = 2T years) oe ny 1 _ 4641P = =" a0) ~'| > t0000 If Cl is compounded annually, 20)’ TP > cr of (1-5) | According to question: _, MOIR Mp _ 964 10000 25 _ 964 x 10000 241 => P =Rs. 4000039. (c); Let shares of X and Y be Rs. x and Rs. (8448 - x), reSpectively. Amount got by X after 3 years = Amount got by Y aftéteg years 6, 6.25)° ( 625)’ in 142] = (8448-x)x{ 1422 % x + a2) (8448-x) x[ 1+ 700 %, 6.25 _ 8448-x _ 4, 1 _ 8448~x = M007 x eT x 7 OMB x 8 aay - 135168 - 16x 16 x x= Rs. 4096 40. (b); Let the population at beginning of first year be ‘a’ So, according to question: 5 5 14 |x{1-— |= 47880 > ‘| ah | 21 19 21) ) |= 47880 > [7a [o6] ae 47880 x 20x 20 aaa = Rs. 480001. According to acensus report, the population growth rate of Faridabad is going to be an increasing A.P. with first year’s rate as 5% and common difference as 5%, but simultaneously the migration rate is an increasing G.P. with first term as 1% and common ratio of 2. If population on 31 December 2010 is 1 million, then find in which year will Faridabad witness its first fall in population? (a)2016 (b) 2014 (c) 2013 (d) 2019 (e) None of these 2. Monica deposited a total of Rs. 10500 with a bank in two different deposit schemes at 10% p.a., interest being compounded annually. As per the schemes, she gets the same amount after 2 years on the first deposit as she gets after 3 years on the second deposit. How much money did she deposit for 3 years? (a) Rs. 4500 (b) Rs. 5000 (c) Rs. 6500 (d) Rs. 7200 (e) None of these 3. Asum of money invested at simple interest for two years at 5% p.a. amounted to Rs. 2750. The rate at which the sum should have been invested to get Rs. 300 as interest after two years would be? (a)6% (b) 6.9% (c) 7.6% (d) 8.1% (e) None of these. Asum of Rs. 1000 after 3 years at compound interest becémes a certain amount that is equal to the amount that is the result O&a 3 year depreciation from Rs. 1728. Find the difference between the'tates of C.l. and depreciation? (Given C.1. is 10% p.a.) % (a) 1.7% (b) 2.9% (c)4% (d) 7.6% (e) None of these . When the rate of interest in a bank is reduced from 5% p.a. to 4.5% p.a., Bani deposited Rs. 4000 in her saving account. She found that the new interest income remained the same as before. Find her original deposit? (a)Rs. 3600 (b) Rs. 3150 (c) Rs. 2980 (d) Rs. 2768 (e) None of these . Two equal sums were lent at simple interest for 4 years and for 3 years respectively. The rate of interest in the latter case was 3% higher than that of the former case, but the amount in each was Rs. 1088. Find the rate of interest of the former case? (a)7% (b) 9% (c)11% (d) 13% (e) None of these . Kavita invested ard of her money at 4% p.a., +h at 3% p.a. and the rest at 5% p.a. She received an annual interest of Rs. 500 on her money. Find the total money invested. (a)Rs. 21500 (b) Rs. 16480 (C)Rs. 12000 (d) Rs. 11200 (e) None of these . Shruti borrowed Rs. 2500 from her two friends. For one loan she paid 8% p.a. and for the other 6% p.a. simple interest. If she paid Rs. 180 as total interest for one year, how much did she borrow at 8% p.a.? (a)Rs. 1500 (b) Rs. 1700 (c) Rs. 1950 (d) Rs. 2120 (e) None of these . Asumof Rs. 2540 is lent out in two parts, one at 12% and the other at 123%. If the total annual return on the total money invested is Rs. 312.42, find the money lent at 12% p.a?(a)Rs. 996 (b) Rs. 1016 (Rs. 1265 10. 11. 12. 13. 14. 15. (d) Rs. 1295 (e) None of these ‘s A part of Rs. 38800 is lent out at 72% for six months. The rest,of the amount is lent out at 5% p.a. after one year. The ratio of interestafter 3 years from the time when first amount was lent out is 5 : 4. Find the second part that was lent out at 5%. Oe (a) Rs. 28800 (b) Rs. 29586 (©) Rs. 31776 (d) Rs. 32846 (e) None of these Accertain sum of money invested al compound interest becomes 1.44 times of itself in 2 years. If twice this sum were lent at simple interest, in how many years would it double itself? (a)2 years (b) 2.5 years (c)3 years (d) 5 years (e) None of these Arun gives his wife Asha a birthday gift, giving her each year a number of rupees equal to the number of years of her age. If her birthday falls on August 8, what sum must be placed at simple interest at 7% on January 1, before she is 42, in order to raise the required sum? (a)Rs. 1000 (b) Rs. 1200 (c) Rs. 1500 (d) Rs. 1900 (e) None of these Bindu lends Rs. 10000 in four parts to her friends. If she gets 8% on Rs. 2000, 7.5% on Rs. 4000 and 8.5 % on Rs. 1400, what percent must she get for the remainder, if the average interest is 8.13% ? (a) 6.3% (b) 8.6% (c)9% (d) 9.2% (e) None of these A sum of money at compound interest amounts in two years to Rs. 2809, and in three years to Rs. 2977.54. Find the rate of interest and the original sum. (a)4%, Rs. 2500 (b) 6%, Rs. 1800 (c) 4%, Rs. 1800 (d) 6%, Rs. 2500 (e) None of these Sapna borrowed a certain sum of money from Kavita under the following repayment scheme based on simple interest. 8% p.a. for the initial 2 years, 9.5% p.a. for the next 4 years, 11% p.a. for the next16. 17. 18. 19. 20. 2 years, 12% p.a. after the first 8 years. Find the amountayhich asum of Rs. 9000 taken for 12 years becomes at the end of 12 ye (a)Rs. 20160 (b) Rs. 22350 (c) Rs. 23470 (d) Rs. 24567 (e) None of these If Rs. 1200 amounts to Rs. 1323 in 2 years at compound interest compounded annually, what will Rs. 1600 amount to in 3 years at the % same rate? (a)Rs. 1780.45 (b) Rs. 1852.50 (c) Rs. 1945.55 (d) Rs. 2166.76 (e) None of these If the compound interest on a certain sum for 3 years at 5% p.a exceeds the simple interest on the same sum and for the same time and at the same rate by Rs. 183, find the sum. (a)Rs. 17560 (b) Rs. 21680 (c) Rs. 24000 (d) Rs. 26780 (e) None of these If the compound interest on a certain sum of money for 3 years at 5% p.a. is Rs. 504.40, find the corresponding simple interest. (a) Rs. 329.24 (b) Rs. 384.78 (c) Rs. 435.45 (d) Rs. 480.00 (e) None of these Find the least number of complete years in which a sum of Rs. 1500 at 25% compound interest will be more than double. (a)4 years (b) 5 years (c) 6 years (d) 7 years (e) None of these If the compound interest on a certain sum of money for 2 years is Rs. 164 whereas the simple interest for 3 years at the same rate is Rs. 240 on the same sum, find the sum. (a) Rs. 1200 (b) Rs. 1400 (c) Rs. 1600 (d) Rs. 1800 (e) None of these1. (a); (b); Here from 2010 on wards we would determine the pop jon of Faridabad. te Here, we would be creating 2 tables, one for population growth rate and another for decrease due to migration. On comparing’, both the tables, if the migration rate would become greater than population growth rate, then there would be a fall in population. From 2016 on wards, Migration rate > Growth rate Let the amount invested by Monica in first scheme be Rs. x and in another be Rs. (10500 — x) Rate of interest = 10% p.a. According to Cl The amount in 1st scheme after 2 years = Rs. 1.21x The amount in 2nd scheme after 3 years = Rs. 1.331 (10500 - x) Now since, she got same amount from both scheme. Hence, => 1.21x = 1.331 (10500 - x) =1.21X + 1.331x = 10500 x 1.331 => 2.541x = 13975.5; Here, SI = _ 139755 2.541 => Hence, her amount in 3 years scheme is = (10500 - 5500) = Rs. 5000 PxRxT 100 = 5500 Px5x2 10 —P= - 2750 = P| 1+—— > AWPa TQ [+700] => Principal P = Rs. 2500 Now, we need SI for Rs. 300 after 2 years. 2500 xR x2 = 300 = ———*** = 6Y => SI=300 700 => R=6% ; The amount of Rs. 1000 at 10% p.a. after 3 years would becomes: R) 10)’ > p(1+5) =A = 1000( 1+) =A > A=Rs. 1331 Here, now the principal of Rs. 1728 depreciated at rate of R% per annum and amounts to Rs. 1331 Ry? p|(1-2) = 1331 = ! «| Ry? 1728 (-*) = 1331 7 ! 5) (1-2) 7R MN = 700) ~ 1728 > *~ 100° 12 Rot or R=8.33% 100 12 => Hence rate difference between Cl and depreciation is almost = (10 -8.33)%-1.75. (a); Here, we assume original deposit of Bani be Rs. x. Ny ©): => The S| obtained in both cases is same xx5xT == 4000 4.5 xT > 100 - 100 [R=5%pa] [R = 4.5% p.a] => 5x =4000x 4.5 > x= Rs. 3600 ; Here, Amount = Rs. 1088 Let principal invested be Rs. x and Let Rate of interest be R% in first case and (R + 3)% in later case. > A= p(1+£2) => 1088= (1448) (i) => 1088= {148 ee) (ii) ren, a 8) (MD a. a R=%pa. Let the total money invested be Rs. P. According to question: (Pax) (Pass 3 4 ————_ + —__—_-+ 100 100 (e204 100 = 500=4P 3P 25P => 500= 300° ri 200 16P 9P_—_25P > 500=— gt 72007 00> => P=Rs. 12000 8. (a); Let Shruti borrowed Rs. x from one of her friends. Then remainning amount borrowed from another friend be Rs. (2500 - x) => Total S| for 1 year = Rs. 180 Xx 8x1, (2500-¥) x6 x1 100 100 8x_, 6(2500-x) 1 100 => 180= => 180= 8x, 15000 6x 100 100 Bx= 6X | 50 => 180= => 180= 2x 30=—~ x=Rs. 1500 = Too * 9. (b); Let us evaluate overall rate of interest. 2540xR x1 SI = Rs. 312.42= 2 XR *t = 700 Ra 21242 _ 173% 2540 Now using alligation method, we can determine ratio of sum invested in both parts. 12% 12,5% 12.3% 0.2% 0.3% > 2:311. (d); ‘y, Hence, sum lent at 12% p.a. = 2«2540= Rs. 1016 Me ; Let the first part be x. Then ee second part be (38800 - iy, xxO.72x Vb 5 Now. (3gg00—x)x0.05x2 4 1.44x = 19400-0.5x = x= 10000 The second part = 38800 - 10000 = Rs. 28800 Let the principal (sum of money) be Rs. 100 => Amount after 2 years = Rs. 144 R) ( Ry’ 144 100](14+2) J=144 => (14-2) -4 - IC 00) = Ui t00) 100 R Oy > 1475 = ; R=20%. Now, we have to make amount from Rs. 200 to Rs. 400. So, SI would be Rs. 200. > 209 = 2005 0xt => T=5 years No. of days between ‘1st January and 8th August (take non-leap year) (30 + 28 + 31 + 30 + 31 + 30 + 31 + 8) = 219 days Here, 219 consttutes{ 212) or 3th of the year Thus Arun must invest certain sum for 3th of year at 7% to get 42 Rs. (at 42 years of Asha's age) Px7x3 100 x 5 => Sl =42= => P=Rs. 100013. (c); 14. (d); 15. (a); Here, Let us assume the rate of interest overall be 8.43% (average interest) _ 10000 x8.13x1_ - 100 - 5 Now, the interest levied on different parts must be combined t6 get resultant interest of Rs. 813. => 8% of 2000 + 7.5% of 4000 + 8.5% of 1400 + y% of (10000 - 7400). = 813 (where y% = Rate on remainder money) %, “hy SI, SI = Rs. 813 " # oe a % ° = 8x 20475 x4 +85 x14 +22 x 2600 = 813 > y=9% The difference in amount of money will determine compound interest of one year = Hence, Rs. [2977.54 - 2809] = Rs. 168.54 This is the Cl levied on Rs. 2809, in one year. Hence, Cl= Pfr a 100 R => 168.54= za0s| 2] > a F >R=6% 100 2809 The amount at Cl for 2 years is: 6 2 > 2009 = [14-5 | > 2ao9 =p] 18 x 106 100 ital => P=Rs. 2500 The SI obtained after 12 years would be: 9000x8x2 9000x9.5x4 > tt 100 100 9000 x11x2 | 9000x 12 x4 100 100=> 90[16 + 38 + 22 + 48] = Rs. 11160 ee = Final amount = P + SI Se = Rs. (9000 + 11160) = Rs. 20160 ay, 2 ee R 0, ; Here, Amount = P| | 1+—— He 100. R\ 1323 = 1200 (1 +%) - | 100 2 1323 ( R ) => ——=|1+—-— 1200 100. On solving above equation we get Rate of interest R = 5% Hence, amount of principal = Rs. 1600 in 3 years would become: 3 => A=1600 (1+) = 1600 a, a, 7 100. 20 20 20 = 0 ap = 29261 = = Rs. 1852.50 8000 According to the question => Cl-Sl=183 (i) Px5x3 3P Sl= = ml Here, 700 20 wii) 5)\° (2) [ze : cl=P}(14+] -1]=P}(2) -1) =P} = . > ( +) | 20 8000 (ai) Putting values of (ii) and (iii) in (i): 1261, 3P 1261P _1200P w26T p37 = 183 = 183 = 3000' 20 = “e000 6000 = 61P = 183 x 8000 = P=Rs. 24000. R) 18. (d); Here, creel (145) 4] 20. (Cc); 100. 21)* 1261 504.40 =P (2) -1 504.40 = P| > | 20 = FS = P(Principal) = Rs. 3200 PxRxT _ 3200x5x3 Spo EE LR, > 700 700 Rs. 480 Here, P = Rs. 1500, R = 25% p.a. n=? (No. of years) Now according to question: n A n > P)(1+%) >2P > (+3) >2> (3) >2 100. 100. 4, By hit and trial method, we get > n = 4 years Here, SI for 3 years = Rs. 240 5)? > sorsonel(1+5) “| SI for 1 year= Rs 0 SI for 2 years = Rs = Rs. 160 > 160= => PR = 8000 PxRx2 1 R 2 Hence, (164-160) = P| —— lence, (164-160) (4) sooo | P x 8000 x 8000 => 4=p|——— a Px 100 P? x (10000) => P=Rs, 1600Previous Year Memory Based. 1. What amount a man would have received on a principal of after 2 years simple interest @ 5 p.c.p.a.? (a)Rs. 4161 (b) Rs. 5200 (c) Rs. 4400 (d) Rs. 4100 (e) None of these 2. The simple interest accrued on an amount of Rs. 2500 at the end of six years is Rs. 1875. What would be the simple interest accrued on an amount of Rs. 6875 at the same rate and same period? (a)Rs. 4556.5 (b) Rs. 5025.25 (©) Rs. 4895.25 (d) Rs. 5245.5 (e) None of these 3. Manish borrowed a sum of Rs. 1150 from Anil at the simple rate of 6 p.c.p.a. for 3 years. He then added some more money to the borrowed sum and lent it to Sunil for the same time at 9 p.c.p.a. at simple interest. If Manish gains Rs. 274.95 by way of interest on borrowed sum as well as his own amount from the whole transaction, then what is the sum lent by him to Sunil? (a)Rs. 1290 (b) Rs. 1785 (c) Rs. 1285 (d) Rs. 1200 (e) None of these 4. Suhit borrowed a sum of Rs. 6300 from Vikas at the rate of 14% for 3 years, He then added some more money to the borrowed sum and lent it to Mohit at the rate of 16% of simple interest for the same time. If Suhit gained Rs. 618 in the whole transaction, then what sum did he lend to Mohit? (a)Rs. 7000 (b) Rs. 6800 (c) Rs. 7200 (d) Cannot be determined (e) None of these 5. Arun invested a sum of money at a certain rate of simple interest for a period of 4 years. Had he invested the same sum for a period of 6 years the total interest earned by him would have been 50 per cent more than the earlier interest amount. What was the rate of interest per cent per annum? (a)4 (b)8 (c)5 (dc) Cannot be determined (e) None of these10. 11. 12. Mayuri took a loan at simple interest rate of 6 p.c.p.a. irtthe first year and it increased by 1.5 p.c.p.a. every year. If she pays Rs, 8190 as interest at the end of 3 years, what was her loan amount? %., (a)Rs. 36000 (b) Rs. 35400 (c)Rs. 36800 %, (d) Cannot be determined (e) None of these “ey Heena invests an amount of 10250 @ 4 p.c.p.a. to obtain a total amount, of Rs. 12710 on simple interest after a certain period. For how many years did she invest the amount to obtain the total sum? (a)6 years (b) 8 years (c) 5 years (d) 4 years (e) None of these Rs. 600 becomes Rs. 720 In 4 years when the interest is simple. If the rate of interest is increased by 2%, then what will be total amount? (a)Rs. 642 (b) Rs. 724 (C)Rs. 725 (d) Rs. 768 (e) None of these Anil invested an amount for 3 years at a simple interest rate of 9 p.c.p.a. He got an amount of Rs. 19050 at the end of 3 years. What principal amount did he invest? (a)Rs. 14500 (b) Rs. 11050 (c) Rs, 15000 (d) Rs. 10950 (e) None of these What is the interest received on a principal of Rs. 450 for 2 years, if the interest received on Re. 1 after 4 years at the same rate of simple interest is Rs. 0.40? (a)Rs. 90 (b) Rs. 180 (c) Rs. 36 (d) Rs. 200 (e) None of these Asmita invests an amount of Rs, 9535 at the rate of 4 per cent per annum to obtain a total amount of Rs. 11442 on simple interest after a certain period. For how many years did she invest the amount to obtain the total sum? (a) 10 years (b) 2 years (c)5 years (d) 4 years (e) None of these Mrs. Sushma lent out an amount of Rs. 3000 at 4% p.a. and some other amount at 5% p.a. If at the end of the year she received Rs. 138 as total interest, what amount she lent out at 5% p.a.?(a)Rs. 200 (b) Rs. 160 (Rs. 130 (d) Rs. 140 (e) None of these 13. A person invests Rs. 2 lakhs at 12% p.a. for 1 year. If he invests*Rs. 500 more, he is eligible for 13% p.a. interest. How much more intégest would he receive, if he accepted the second option? “ee (a)Rs. 2155 (b) Rs. 2045 (c) Rs. 2165 (d) Rs. 2065 (e) None of these 14. Acertain sum of money amounts to Rs. 756 in 2 years and to Rs. 873 in 3.5 years. Find the rate of interest? (a)8% (b) 10% (c) 13% (d) 15% (e) 18% 15. What annual payment will discharge a debt of Rs. 770 due in 5 years, the rate of interest being 5% per annum? (a)Rs. 100 (b) Rs. 110 (c) Rs. 120 (d) Rs. 130 (e) Rs. 140 16. The rate of interest for the first 2 years is 3% per annum, for the next 3 years is 8% per annum and for the period beyond 5 years 10% per annum, If a man gets Rs. 1520 as a simple interest for 6 years, how much money did he deposit? (a)Rs. 2500 (b) Rs. 2800 (©) Rs. 3500 (d) Rs. 3800 (e) Rs. 4200 17. Divide Rs. 4758 into three parts so that their amounts after 2, 3 and 4 years respectively may be equal, the rate of interest being 5% per annum. Find amount of 1% part? (a)Rs. 1600 (b) Rs. 1656 (Rs. 1624 (d) Rs. 1680 (e) None of these 18. With a given rate of simple interest, the ratio of principal and amount of acertain period of time is 4: 5. After 3 years, with the same rate of interest, the ratio of the principal and amount becomes 5 : 7. The rate of interest per annum is: (a)4% (b) 5% (c) 6% (d) 7% (e) None of these "%19. What would be the compound interest accrued on an amount of Rs. 7850 at the rate of 14 p.c.p.a. in 2 years? (a)Rs. 2351.86 (b) Rs. 2880.37 (c)Rs. 2518.22, (d) Rs. 2290.23 (e) None of these ty, 20. The compound interest accrued on an amountat the end of 3 years e@ 15 p.c.p.a. is Rs. 6500.52. What is the amount? % (a)Rs. 12480 (b) Rs. 10500 (Rs. 14800 (d) Rs. 13620 (e) None of these 21. What would be the compound interest accrued on amount of Rs. 7400 @ 13.5 p.c.p.a. at the end of 2 years? (rounded off to two digits after decimal) (a) Rs. 2136.87 (b) Rs. 2306.81 (c) Rs. 2032.18 (d) Rs. 2132.87 (e) None of these 22. The compound interest earned by Shivam on acertain amount at the end of 2 years at the rate of 8 p.c.p.a. was Rs. 1414.4. What was the total amount that Shivam got back at the end of 2 years in the form of principal plus interest earned? (a)Rs. 9414.4 (b) Rs. 9914.4 (c) Rs. 9014.4 (d) Rs. 8914.4 (e) None of these 23. What sum of money at compound interest will amount to Rs. 5305.53 in 3 years, if the rate of interest is 1% for the first year, 2% for second year and 3% for the third year? (a) Rs. 4800 (b) Rs. 5000 (c) Rs. 5200 (d) Rs. 5400 (e) None of these 24. If the difference between the simple interest and compound interest earned on an amount @ 15 p.c.p.a. at the end of 3 years is Rs. 595.35, what is the amount? (a)Rs. 8400 (b) Rs. 9200 (c) Rs. 6800 (d) Cannot be determined (e) None of these 25. Aman gets a simple interest of Rs. 1000 on a certain principal at the rate of 5 p.c.p.a. in 4 years. What compound interest will the man get on twice the principal in two years at the same rate?26. 27. 28 29. 30. 31. (a)Rs. 1050 (b) Rs. 1005 (c)Rs. T0625 (d) Rs. 125 (e) None of these The simple interest accrued on an amount of Rs. 20000 at thé-end of 3 years is Rs. 7200. What would be the compound interest accrueékon the same amount at the same rate in the same period? Se, (a) Rs. 8342.36 (b) Rs. 8098.56 (c) Rs. 8246.16 (d) Rs. 8112.86 (e) None of these The population of a state increases by 10% every year. If its population in the year 2003 was 15 lakhs, what was its population in the year 2005 (in lakhs)? (a) 16.5 lakhs (b) 15.5 lakhs (c) 17.25 lakhs (d) 18.25 lakhs (e) None of these . The value of a machine depreciates at the rate of 12 per cent per annum. It was purchased 3 years ago. Its present value is Rs. 29644.032, what was the purchase price of the machine? (a) Rs. 48700 (b) Rs. 43500 (c) Rs. 38900 (d) Rs. 39000 (e) None of these In year 2008, 5000 students were admitted in a college. It is found that the number of students admitted is constantly increasing by 24 per cent per year. How many students will be admitted in the college in the year 2010? (a)Rs. 7688 (b) Rs. 7868 (c) Rs. 7400 (d) Rs. 7480 (e) None of these The simple interest accrued on an amount of Rs. 19800 at the end of 3 years is Rs. 7128. What would be the compound interest accrued on the same amount at the same rate in the same period? (a) Rs. 8934.6784 (b) Rs. 8017.5744 (©) Rs. 7861.8754 (d) Rs. 6871.6734 (e) None of these If the difference between the simple and the compound interest earned ona sum of money at the rate of 5 p.c.p.a. for 2 years is Rs. 16, find the principal? « %32. 33. 34. 35. 36. 37. (a) Rs. 6200 (b) Rs. 6400 (©) Rs. 6250 (d) Rs. 6750 (e) None of these The population of a town is 11200. It increases by 25% in the fst year and decreases by 15% in the second year. What is the population, ¢ of the town at the end of 2 years? %e, (a) 14000 (b) 11900 (c) 16100 “by (d) 13500 (e) None of these The production of a factory grows at a 8% p.a. What will be its production for the year 2010, if its production in 2008 was 70 lakh tonnes? (a)63.48 lakh tonnes —(b) 81.648 lakh tonnes (c) 81 lakh tonnes (d) 80.68 lakh tonnes —_(e) None of these A deposited Rs. 6000 in a bank at 5% per annum simple interest. B deposited Rs. 5000 at 8% p.a. compound interest. After 2 years, the difference between their interests will be: (a)Rs. 230 (b) Rs. 232 (c) Rs. 600 (d) Rs. 832 (e) None of these If the rate of interest be 4% per annum for first year, 5% per annum for second year and 6% per annum for third year, then the compound interest of Rs. 10000 for 3 years will be: (a)Rs. 1575.20 (b) Rs. 1600 (©) Rs. 1625.80 (d) Rs. 2000 (d) None of these Sita deposited Rs. 5000 at 10% simple interest for 2 years. How much more money will Sita have in her account at the end of 2 years, if it is compounded semi-annually? (a) Rs. 50 (b) Rs. 40 (c) Rs. 77.50 (d) Rs. 85.50 (e) None of these If the compound interest on a certain sum for 2 years at 3% per annum is Rs. 101.50, then the simple interest on the same sum at the same rate and for the same time will be: (a)Rs. 90.00 (b) Rs. 95.50 ()Rs. 100.00 (d) Rs. 98.25 (e) None of these38. The compound interest on a certain sum for 2 years at ‘rongtsum compounded annually is Rs. 1272. The simple interest for that sum at the same rate and for the same period will be? ae (a)Rs. 1296 (b) Rs. 1196 (c) Rs. 1220 , (d) Rs. 1200 (e) None of these “9, 39. An amount of money at compound interest grows up to Rs. 3840 in 4 Ge years and up to Rs. 3936 in 5 years. Find the rate of interest? (a)2.5% (b) 2% (€)3.5% (d) 2.05% (e) None of these 40. The difference between the simple and compound interest on a certain sum of money for 2 years at 4% per annum is Rs. 4. Find the sum? (a)Rs. 2500 (b) Rs. 2400 (c) Rs. 2600 (d) Rs. 2000 (e) None of these