Simple & Compound Interest 13) Rs 2000 is separately invested on Simple and

Compound Interest at the rate of 20% per

1) Find Simple Interest if Rs 2000 is invested for 2 annum. What should be the difference between
years at the rate of 25% per annum? the interests after 2 years?
2) Find Simple Interest if Rs 1000 is invested for 2 14) Rs 5000 is separately invested on Simple and
years and 6 months at the rate of 10% per Compound Interest at the rate of 10% per
annum? annum. What should be the difference between
3) A Principal becomes 5 times of itself in 10 the interests after 3 years?
years. What should be the rate of interest per 15) Rs 10,000 is separately invested on Simple
annum? and Compound Interest at the rate of 10% per
4) A Principal becomes Rs 800 after 3 years and annum. What should be the difference between
Rs 1100 after 6 years on Simple Interest. Find the the interests after 4 years?
Principal and the rate of Interest? 16) The difference between the Simple &
5) A sum of money amounts to Rs 9600 after 5 Compound Interest on a certain Principal for 2
years and Rs 12,000 after 8 years at the same years is Rs 20 at the rate of 5% per annum. Find
rate of Simple Interest. Find the Principal? the Principal.

6) Find Compound Interest, if Rs 10,000 was 17) The difference between the Compound
invested for 2 years at the rate of 10% per Interest compounded every six months and the
annuum? simple interest on a certain sum of money at the
rate of 12% per annum for 1 year is Rs 36. Find
7) Find Compound Interest, if Rs 1000 was the Principal.
invested for 3 years, the rate of interest being
10%,20% and 10% for the First, Second and the 18) Find the difference between Simple &
Third year respectively.? Compound Interest on Rs 1200 for one year at
10% per annum, interest is to be paid half-yearly.
8) Rs 10,000 is invested for 4 years at the rate of
10% per annuum on Compound Interest. 19) A sum of money doubles itself at the same
Calculate Compound Interest after 4 years? rate of Compound Interest is 15 years. In how
many years will it becomes eight times of itself
9) Rs 10,000 was invested for 1 year at the rate with the same rate?
of 20% per annum on Compound Interest, but
interest is to be calculated half-yearly. Then find 20) A sum of money becomes thrice itself at the
the amount after 1 year? same rate of Compound Interest is 3 years. In
how many years will it becomes nine times of
10) Rs 10,000 is invested for 3 years at the rate of itself with the same rate?
10% half yearly but interest is to be calculated
annually. Then find the interest after 3 years? 21) A man borrows money at the rate of 6% per
annum on Simple interest and lent it
11) Rs 2000 is invested for 9 months at the rate immediately at 10% per annum Compound
of 40% per annuum on Compound Interest, but Interest payable half-yearly and thus gains Rs
interest is to be calculated quarterly. Then find 1700 at the end of the year. What was the sum
the interest after 9 months? borrowed?
12) Rs 2000 is invested for 2 years and 6 months 22) What will be the effective rate in a year at
at the rate of 5% quarterly on Compound 50%, if Compounded half yearly?
Interest, but interest is to be calculated annually.
Then find the interest after 9 months? 23)If a principal becomes Rs 1300 after 5 years
and Rs 1690 after 10 years at compound interest,
then find the principal.
24) If Rs 3000 becomes Rs 3600 after 3 years on 34) A sum of Rs 16,800 is divided into two parts.
compound interest, then what would be the One part is lent at SI at 6% p.a and other at 8%
amount after 9 years? p.a After 2 years the total sum received was Rs
19,000. The Sum lent at 6% SI is?
25) If a principal becomes Rs 1200 after 5 years
and Rs 2400 after 10 years on compound 35) A person invested equal amounts in two
interest, then find the principal. schemes A and B at same rate of interest.
Scheme A offers SI while scheme B offers CI.
26) A person lends a certain sum at a certain rate
After 2 years he got Rs 1920 from scheme A as
for 2 years at compound interest. The sum
interest and Rs 2112 as interest from scheme B.
becomes Rs 50,000 after 2 years and Rs 75,000
If the rate of interest is increased by 4%, then
after 4 years. Find the sum.
what will be the total interest after 2 years from
27) What will be the respective ratio of the both the schemes?
present value and the depreciated value of a
36) The difference between CI and SI on a sum of
machine after 2 years, if its value depreciates at
Rs 18,000 at the same rate of interest for 2 years
25% per annum?
is Rs 405. What is the rate of interest per
28) The Simple Interest on a certain sum of annum?
money at a certain annual rate of interest is 16%
37) Satish invests Rs 35,000 in a scheme which
of the sum. If the numbers representing the rate
earns him SI at the rate of 15% p.a for 2 years. At
and time in years be equal, then the rate of
the end of 2 years, he reinvests the principal
interest is?
amount plus interest earned in another scheme
29) The Simple Interest on a certain sum of which earns him CI at the rate of 20% p.a. What
money is 8/25 of the sum. If the number of years will be the total interest earned by Satish over
is numerically half the rate of interest per the principal amount at the end of 5 years?
annum, then the rate of interest per annum is?
38) The SI accrued on an amount of Rs 40,000 at
30) If a sum of money compounded annually the end of 3 years is Rs 12,000. What will be the
becomes 1.44 times of itself in 2 years, then the CI accrued on the same amount at the same rate
rate of interest per annum is? in the same period?

31) A principal of Rs 10,000 after 2 years 39) Three Persons A, B and C invested their
compounded annually, the rate of interest being annual savings in a bank at SI at 30% p.a. Each of
10% per annum during the first year and 12% per them gets equal amount after 15, 20 and 25
annum during the second year, will amount to? years respectively. If all together they invested
Rs 470 lakhs in the bank, what was the ratio of
32) The principal that gives a compound interest
their investments?
of Rs 420 during the second year at 5% per
annum is (a) Rs 7000 40) The CI on a certain sum for 4 th and 5 th
(b) Rs 5000 years is Rs 1815 and Rs 1996.50 respectively.
(c) Rs 8000 Find the frate of interest?
(d) Rs 6000
41) Rakesh invested Rs 50,000 for 3 years
33) The Simple Interest received on an amount interest being compounded annually. If the rate
of Rs 50,000 at the end of three years is Rs of interest is 8%, 10% and 12% respectively for
15,000. What would be the compound interest the 1 st , 2 nd and 3 rd years, then find the
received on the same amount at the same rate in interest after 3 years earned by Rakesh
the same period? (a) 16,348 (b) 16,420 (c) 16,528 (d) 17,200
42) The CI obtained on Rs 18,000 at 4% p.a for a
certain period is Rs 1468.80. Find the time period
in years
(a) 2 years (b) 3 years (c) 4 years (d) 5 years
43) What is the CI 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 SI is 40 paisa?
44) A person borrowed Rs 18,000 at 15% p.a
compounded annually. He repaid Rs 10,700 at
the end of 1 year. What is the amount he should
pay at the end of 2 nd year to completely
discharge the loan?
45) A person borrowed a sum of Rs 98,000 at 5%
p.a compounded annually. At the end of 1 st
year he repaid some amount and he repaid the
balance amount of Rs 63,000 at the end of 2 nd
year. What amount did he repay at the end of 1
st year?