SI & CI

(Basic Concepts)
1. A sum was kept for 3 years at some rate of
SI. If it were kept at 2% higher rate, then it
would have earned Rs. 1920 more interest.
What is the sum?

a. Rs.36000 b. Rs.32000
c. Rs.39000 d. Rs.24000
e. Rs.30000
2. What principal will amount to Rs. 620 in 2 years
at rate of 12 percent per annum simple interest?

a. Rs. 500 b. Rs. 540

%
3. The simple interest on a certain sum at
14.28% rate of interest per annum for 3 years
is Rs. 10650. Find that sum?

a. Rs.32500 b. Rs.27500
c. Rs.24850 d. Rs.31500
e. Rs.36500

%
4. Simple interest becomes Rs. 2800 for a certain
sum for 8 months at the rate of 58.33% p.a. simple
interest. Find the sum.

a. Rs.5400 b. Rs.4800
c. Rs.7200 d. Rs.8000
e. Rs.3600

%
₹
5. What would be the Simple amount earned on a
sum of Rs. 19200 in 14 months at the rate of 27/2 %
p.a.?

a. Rs.24242 b. Rs.22442
c. Rs.44442 d. Rs.22224
e. None
6. Find out the capital required to earn a monthly
interest of Rs. 800 at 4% simple interest per annum.

a. Rs.1,00,000 b. Rs.1,20,000
c. Rs.2,40,000 d. Rs.2,30,000
e. None

% ₹
7. If an interest of Rs. 0.60 is charged on Rs. 1 for 5
years, Find the simple interest for the sum of Rs.550
in the same rate of interest for 4 years?

a. Rs.264 b. Rs.182
c. Rs.324 d. Rs.364
e. Rs.270

₹
₹
8. When Rs. (x+300) invested at 25% simple interest
p.a. for 8 years and obtained an interest of Rs.
(3x+200). Find the value of x.

a. 200 b. 300
c. 400 d. 350
e. None

(x + ) %
( x+ )
x
9. The simple interest on a sum of money is
16/25thof the principal and the number of years is
equal to the rate of interest per annum. The rate of
interest per annum is

a. 5% b. 8 %
c. 6% d. 7%
e. 9%
10. If the interest on Rs. 1500 is Rs. 72 more than the
interest on Rs. 1200 for 3 years. Find the rate of
interest.

a. 2% b. 3%
c. 4% d. 8%
e. 6%

₹ ₹
11. Sam invested Rs. 3000 at R% rate of interest
per annum on SI and Rs. 3600 at (R+4) % rate of
interest p.a. on SI. If the total interest received by
him at the end of 4 years is Rs. 3744, then find the
value of R.

a. 7 b. 8
c. 9 d. 10
e. 12

R% ₹
(R+4)% ₹

R
12. A sum of Rs. 13,500 amounts to Rs. 18,900 in 5
years at the rate of simple interest. What is the rate
of the interest?

a. 3% b. 4%
c. 5% d. 8%
e. 7%
13. In how many years will a sum of money
double itself at 6% rate of interest per annum?

a. 6 years 9 months b. 16 years 3 months

%
14. A sum of money doubles itself in 5 years. In how
many years will it become 8 times at the same rate
of simple interest?

a. 20 years b. 25 years
c. 15 years d. 35 years
e. 22 years
15. A sum becomes four times in 9 years at simple
interest. The same sum become 16 times at the
same rate of interest in how many years?

a. 54years b. 48 years
c. 45 years d. 57 years
e. None
16. If ratio of the sum of money invested in scheme
A and B is 4:3. If scheme A and B both offer SI at the
rate of 8% and 6% p.a. for 4 years and 6 years
respectively. If the difference between the interest
received by both schemes is Rs. 300, find the total
investments in scheme A and B.

a. Rs.20500 b. Rs.10500
c. Rs.40000 d. Rs.60000
e. None

a b
a b
% %

₹ a b
17. A sum of Rs.6000 invested in scheme A at SI
at R% rate of interest per annum for 4 years and
got some interest. Now he invested total amount
from scheme A to B at SI for same time period at
12% rate of interest per annum and receives
4262.4as interest. Find the value of R?

a. 10 b. 12
c. 18 d. 25
e. 30

₹ A R%

A B

% as
R
18. Varun invested Rs. 5500 in a bank in SI at 8%
rate of interest p.a. for n years and Vijay invested
Rs. 6500 in the same bank in SI at (n+4) % rate of
interest p.a. for 2 years. If Varun received the
interest is Rs. 720 more than the interest received
by Vijay, find the value of n?

a. 1 b. 4
c. 3 d.2
e. 5

%
n
(n+4)%

₹ n
19. James invested an amount of Rs. 9,900
divided in two different schemes P and Q at the
simple interest rate of 18% p.a. and 14% p.a.
respectively. If the total amount of simple
interest earned in 2 years be Rs. 3132, what was
the amount invested in Scheme P?

a. Rs.5400 b. Rs.4500
c. Rs.6300 d. Rs.8100
e. Rs.6600

p q % %

p
20. A sum of money invested at 8% p.a. simple
interest for a certain period of time yields Rs. 1440
as interest. If this sum had been invested for 4
years more, it would have yielded Rs. 3360 as
interest. Find the sum?

a. Rs.5400 b. Rs.4500
c. Rs.6300 d. Rs.6000
e. Rs.6600

%
21. The compound interest accrued on an amount at
the end of 2 years at 10% rate of interest p.a. is Rs.
945. Find the principal?

a. Rs.2000 b. Rs.2500
c. Rs.4500 d. Rs.3500
e. Rs.4000

%
22. Raghav invested a sum at x% rate of interest p.a.
at CI. If the CI for 1st year and 2nd year on that sum
is Rs. 1275 and Rs. 1350. Find the sum.

a. Rs.24895 b. Rs.21675
c. Rs.20980 d. Rs.10975
e. Rs.10970

x%
23. Rs. ‘P’ invested at 20% rate of CI for 2 years and
received Rs. 7040 as interest. Find (1.5P+1000)

a. 20000 b. 19100
c. 24000 d. 18000
e. 25000
‘p’ %
₹
(1.5P+1000)
24. Difference of CI received in 1st year and 2nd year
at 15% rate of interest p.a. is Rs. 900, then find the
sum?

a. Rs. 24,000 b. Rs. 36,000

%
₹
25. The compound interest accrued on an
amount at the end of three years at 20%rate of
interest p.a. is Rs. 4128. Find the approximate
principal?

a. Rs.5670 b. Rs.1050
c. Rs.1400 d. Rs.1320
e. Rs.1500

%
26. What is the compound amount obtained the sum
Rs.7000 at the rate of 10% per annum for 36 months?

a) Rs.9317 b) Rs.10423
c) Rs.8726 d) Rs.11902
e) None of these

₹ %
27. Find the approximate compound amount
acquired on sum of Rs.48000 for 10% per annum at 3
(1/2) years,if the interest is compounded annually?

a. Rs.67,082 b. Rs.65,550
c. Rs.62,504 d. Rs.68,006
e. None of these

(1\2) %
28. What will be the compound interest on a sum
of Rs. 36000 after 3 years at the rate of 25% p.a.?

a. Rs.34321.5 b. Rs.28334
c. Rs.34312.5 d. Rs.36450
e. Rs.33214

%
29. The compound interest on Rs. 12000 at 15%
rate of interest p.a. for 1 years 4 months
compounded annually is

a. Rs.3000 b. Rs.3100
c. Rs.2490 d. Rs.3290
e. None

₹ %
30. When Rs. (2x+1000) invested at 50% rate of
interest p.a. CI on annually for 2 years and gives
an interest of Rs. (4x-2500). Find the CI?

a. Rs.4000 b. Rs.5000
c. Rs.7500 d. Rs.7000
e. None

(2x+1000) %
(4x-
2500)
31. If Rs. 24500 is invested at a rate of 20% p.a.
for 3 years. Find the compound interest received.

a. Rs. 17077 b. Rs. 17836

%
32. If Rs. 250invested at the compound
interest and obtained an interest of Rs. 436
in 3 years. Find the compound interest rate?

a. 40% b. 50%
c. 60% d. 70%
e. None

₹
33. The CI on Rs. 32,000 at 5% rate of interest p.a. is
Rs. 5044. The time period is:

a. 1year b. 2years
c. 3 years d. 4 years
e. 5 years

₹ %
34. Find out the CI on an amount of Rs. 40960 at
12(1/2) % rate of interest p.a. for 7 years, if
interest being compounded at every 2 years.

a. Rs.46300 b. Rs.54060
c. Rs.49040 d. Rs.45060
e. None

12(1\2)%
35. What is the interest earned in 3rd year by a
person when he invested Rs. 30000 at CI at the
rate of 10% p.a.?

a. Rs.3600 b. Rs.3660
c. Rs.3780 d. Rs.3200
e. None

% ₹
36. At what rate of CI p.a. will a sum of Rs.
5,00,000 become Rs. 7, 02,464 in 3 years?

a. 5% b. 6%
c. 12% d. 8%
e. 10%

₹
37. Find the compound interest on Rs. 12500 for 9
months at 8% rate of interest p.a. when the
interest is reckoned quarterly?

a. Rs. 630.1 b. Rs. 765.1

%
38. If interest is compounded quarterly, then at
what annual rate of interest will the 9 month
compound interest of a sum of Rs. 36000 be Rs.
11916?

a. 15% b. 50%
c. 10% d. 25%
e. 40%

₹
39. A man gave Rs. 30000 to his friend at the rate of
50% p.a. on CI. When the interest is compounded
half yearly, then find the interest received after 1
year?

a. Rs.26875 b. Rs.16785
c. Rs.28675 d. Rs.16875
e. None

%
₹
40. The effective annual rate of interest,
corresponding to a nominal rate of 8% per annum
payable half yearly, is:

a. 8.16% b. 8.24%
c. 8.08% d.8.32%
e. 8.09%

%
41. The ratio of the amount of three years under
compound interest annually and for 1 year under
same compound interest is 25:16 if the rate of
interest is same, then find rate of interest?

a. 30% b. 24%
c. 32% d. 25%
e. 16%