COMPOUND INTEREST

SET 1
1. An amount of 6,000 lent at 5% per annum compound interest for 2 years will become

(A) 600 (B) 6,600 (C) 6,610 (D) 6,615

2. In how many years will 2,000 amounts to 2,420 at 10% per annum compound interest?

(A) 3 years (B) 2 1/2 years (C) 2 years (D) 1 1/2 years

3. A sum of money on compound interest amounts to 10648 in 3 years and 9680 in 2 years. The
rate of interest per annum is :

(A) 5% (B) 10% (C) 15% (D) 20%

4. At what percent per annum will 3000/- amounts to 3993/- in 3 years if the interest is
compounded annually?

(1) 9% (2) 10% (3) 11% (4) 13%

5. 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 10,000 for 3 years will be

(A) 1,600 (B) 1,625.80 (C) 1,575.20 (D) 2,000

6. The compound interest on 16,000 for 9 months at 20% per annum, interest being com pounded
quarterly, is

(A) 2,520 (B) 2,524 (C) 2,522 (D) 2,518

7. The compound interest on 8,000 at 15% per annum for 2 years 4 months, compounded annually
is:

(A) 2980 (B) 3091 (C) 3109 (D) 3100

8. In what time will 10,000 amount to 13310 at 20% per annum compounded half yearly?

(A) 1 1/2 years (B) 2 years (C) 2 1/2 years (D) 3 years

9. In what time 8,000 will amount to 9,261 at 10% per annum compound interest, when the
interest is compounded half yearly ?

(A) 3 1/2 years (B) 1 1/2 years (C) 2 1/2 years (D) 2 years

10. A sum of 8000 will amount to 8820 in 2 years if the interest is calculated every year. The rate of
compound interest is

(A) 6% (B) 7% (C) 3% (D) 5%

11. A principal of 10,000, after 2 years compounded annually, the rate of interest being 10% per
annum during the first year and 12% per annum during the second year (in rupees) will amount to
:

(A) 12,000 (B) 12,320 (C) 12,500 (D) 11,320

12. The sum of money that yields a compound interest of 420 during the second year at 5% p.a is

(A) 4,000 (B) 42,000 (C) 8,000 (D) 21,000

13. A man saves 2000 at the end of each year and invests the money at 5% compound interest. At
the end of 3 years he will have :

(A) 4305 (B) 6305 (C) 4205 (D) 2205

14. 800 at 5% per annum compounded annually will amount to 882 in

(A) 1 year (B) 2 years (C) 3 years (D) 4 years

15. Two years ago, the value of my motorbike was 62500. If the value depreciates by 4% every
year, now its value is

(A) 56700 (B) 57600 (C) 57500 (D) 55700

16. The compound interest on a sum of money for 2 years is 615 and the simple interest for the
same period is 600. Find the principal.

(A) 6,500 (B) 6,000 (C) 8,000 (D) 9,500

17. The sum of money which becomes 2420 at 10 % rate of compound interest after two years is

(A) 2000 (B) 1000 (C) 2500 (D) 1500

18. The least number of years in which a sum of money on 19% p.a. compound interest will be
more than double is

(A) 3 years (B) 4 years (C) 5 years (D) 2 year

19. On a certain sum of money the compound interest for 2 years is 282.15 and the simple interest
for the same period of time is 270. The rate of interest per annum is

(A) 6.07% (B) 10% (C) 9% (D) 12.15%

20. If the compound interest on a certain sum for 2 years at 3% per annum is 101.50, then the
simple interest on the same sum at the same rate and for the same time will be

(A) 90.00 (B) 95.50 (C) 100.00 (D) 98.25

21. If the compound interest on a sum for 2 years at 12 1/2 % per annum is 510, the simple
interest on the same sum at the same rate for the same period of time is :

(A) 400 (B) 480 (C) 450 (D) 460

22. The compound interest on a certain sum of money at a certain rate for 2 years is 40.80 and the
simple interest on the same sum is 40 at the same rate and for the same time. The rate of interest
is

(A) 2% per annum (B) 3% per annum (C) 4% per annum (D) 5% per annum

23. A sum becomes 2,916 in 2 years at 8% per annum compound interest. The simple interest at
9% per annum for 3 years on the same amount will be

(A) 600 (B) 675 (C) 650 (D) 625

24. If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, the compound
interest on the same at the same rate and for the same time is :

(A) Rs. 50.50 (B) Rs. 51.25 (C) Rs. 51.50 (D) Rs. 50.05

25. There is 40% increase in an amount in 8 years at simple interest. What will be the compound
interest (in rupees) of Rs 30000 after 2 years at the same rate ?

(A) 6150 (B) 7687.5 (C) 4612.5 (D) 3075

26. If the difference between the compound interest, compounded every six months, and the
simple interest on a certain sum of money at the rate of 12% per annum for one year is 36, the
sum is :

(A) 10,000 (B) 12,000 (C) 15,000 (D) 9,000

27. The difference between the simple and compound interest on a certain sum of money at 5%
rate of interest per annum for 2 years is 15. Then the sum is :

(A) 6,500 (B) 5,500 (C) 6,000 (D) 7,000

28. The difference between compound interest and simple interest on 2500 for 2 years at 4% per
annum is

(A) 40 (B) 45 (C) 14 (D) 4

29. The difference between the compound interest (compounded annually) and the simple
interest on a sum of 1000 at a certain rate of interest for 2 years is 10. The rate of interest per
annum is :

(A) 5% (B) 6% (C) 10% (D) 12%

30. The difference between compound and simple interest on a certain sum for 3 years at 5% per
annum is Rs. 122. The sum is

(A) 16,000 (B) 15,000 (C) 12,000 (D) 10,000

31. A sum of money doubles itself in 4 years at compound interest. It will amount to 8 times itself
at the same rate of interest in :

(A) 18 years (B) 12 years (C) 16 years (D) 24 years

32. A sum of money becomes eight times of itself in 3 years at compound interest. The rate of
interest per annum is

(A) 100% (B) 80% (C) 20% (D) 10%

33. If the amount is 2.25 times of the sum after 2 years at compound interest (compound
annually), the rate of interest per annum is :

(A) 25% (B) 30% (C) 45% (D) 50%

34. A sum of money at compound interest doubles itself in 15 years. It will become eight times of
itself in

(A) 45 years (B) 48 years (C) 54 years (D) 60 years

35. A sum of 12,000, deposited at compound interest becomes double after 5 years. How much
will it be after 20 years ?

(A) 1,44,000 (B) 1,20,000 (C) 1,50,000 (D) 1,92,000

36. At what rate percent per annum of compound interest, will a sum of money become four times
of itself in two years ?

(A) 100% (B) 75% (C) 50% (D) 20%

37. A sum of money becomes eight times in 3 years, if the rate is compounded annually. In how
much time will the same amount at the same compound rate become sixteen times?

(A) 6 years (B) 4 years (C) 8 years (D) 5 years

38. If the amount is 3 3/8 times the sum after 3 years at compound interest compounded annually,
then the rate of interest per annum is

(A) 25% (B) 50% (C) 16 2/3 % (D) 33 1/3 %

39. A sum of money amounts to 4,840 in 2 years and to 5,324 in 3 years at compound interest
compounded annually. The rate of interest per annum is :

(A) 10% (B) 9% (C) 11% (D) 8%

40. The compound interest on a certain sum for two successive years are 225 and 238.50. The rate
of interest per annum is :

(A) 7 1/2 % (B) 5% (C) 10% (D) 6%

41. An amount of money appreciates to 7,000 after 4 years and to 10,000 after 8 years at a certain
compound interest compounded annually. The initial amount of money was

(A) 4,700 (B) 4,900 (C) 4,100 (D) 4,300

42. The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525 . The simple
interest on the same sum for double the time at half the rate per cent per annum is :

(A) Rs. 520 (B) Rs. 550 (C) Rs. 500 (D) Rs. 515

43. A sum of money is invested at 20% compound interest (compounded annually). It would fetch
Rs. 723 more in 2 years if interest is compounded half yearly. The sum is

(A) Rs.15,000 (B) Rs.30,000 (C) Rs.20,000 (D) Rs.7,500

44. Rs. 16,820 is divided between two brothers of age 27 years and 25 years. They invested their
money at 5% per annum compound interest in such a way that both will receive equal money at
the age of 40 years. The share (in Rs.) of elder brother is

(A) 8,280 (B) 8,410 (C) 8,820 (D) 8,000

45. The income of a company increases 20% per year. If the income is Rs. 26,64,000 in the year
2012, then its income in the year 2010 was :

(A) Rs. 28,55,000 (B) Rs. 18,50,000 (C) Rs. 28,20,000 (D) Rs. 21,20,000
46. A person deposited a sum of 6,000 in a bank at 5% per annum simple interest. Another person
deposited 5,000 at 8% per annum compound interest. After two years, the difference of their
interests will be

(A) 230 (B) 232 (C) 832 (D) 600

47. A man gave 50% of his savings of 84,100 to his wife and divided the remaining sum among his
two sons A and B of 15 and 13 years of age respectively. He divided it in such a way that each of
his sons, when they attain the age of 18 years, would receive the same amount at 5% compound
interest per annum. The share of B was

(A) 20,000 (B) 20,050 (C) 22,000 (D) 22,050

48. Rs. 260200 is divided between Ram and Shyam so that the amount that Ram receives in 4
years is the same as that Shyam receives in 6 years. If the interest is compounded annually at the
rate of 4% per annum then Ram’s share is

(A) Rs. 125000 (B) Rs. 135200 (C) Rs. 152000 (D) Rs. 108200

SET 2
1. A man lent Rs. 4500 at 30% compound interest per annum for 3 years. What is the difference
between the interest earned by the man in the 2nd year only and the interest earned by the man
in the 3rd year only?

A. Rs. 545.5 B. Rs. 502 C. Rs. 526.5 D. Rs. 532 E. Rs. 529

2. A man saves Rs.20,000 at the beginning of each year and puts the money in a bank that pays
10% interest per year, interest being compounded annually. What would be the total savings of
the man at the end of 6 years?

A. Rs. 196840 B. Rs. 169840 C. Rs. 189480 D. Rs. 199480 E. Rs. 168840

3. A bank lent Rs. X to a farmer at 50/3% p.a for 1 year73 days. How much Compound interest the
farmer had to pay if the Simple interest for the first year is Rs. 3000? The values of Compound
Interest and Sum lent are given in the options; choose the option which correctly states the above
question.

A. Rs. 6300, Rs. 36000 B. Rs. 3700, Rs. 18000 C. Rs. 5800, Rs. 18000 D. Rs. 5400, Rs. 18000
E. Rs. 3700, Rs. 12000

4. Shyam deposited Rs. 80000 in a bank which pays 10% compound interest for 2 years. Then after
2 years, he started a business with amount (sum + interest) along with Ram, with capital of Rs.
60,000. Shyam invested for 6 months and left. Ram invested for the whole year. What will be the
ratio of their profits at the end of the year?

A. 150 : 221 B. 121 : 150 C. 121 : 130 D. 130 : 121 E. 155 : 101

5. A man takes a loan of Rs 216000 from a bank, to be returned in three years at a rate of 16.67%
p.a. compound interest. The man returns Rs 84000 and Rs 58000 after first and second year. How
much money will he have to return after third year to settle the loan?

A. Rs. 161000 B. Rs. 138000 C. Rs. 152000 D. Rs. 175000 E. None of these
6. Aman gives Rs. 500000 to Bhuvan at 12% p.a. compound interest for two years. Bhuvan gives
80% of the money received from Aman to Chetan at 20% p.a. interest, compounded half yearly for
two years. Two years later he receives his due amount from Chetan and gives Aman his due
amount. What is the amount left with Bhuvan?

A. Rs. 52980 B. Rs. 58440 C. Rs. 67880 D. Rs. 62780 E. Rs. 54670

7. Rs. X is required to earn a monthly interest of Rs. 400 at 10% per annum at simple interest. Rs. Y
is required to earn same interest as X when compounded semi-annually at 10% pa. Find the
difference between X and Y.

A. 1170.74 B. 1331.26 C. 928.34 D. 979.66 E. None of these

8. Sumit borrows Rs. 15000 at 10% compound interest. At the end of each year he pay back
Rs.3000. How much amount should he pay at the end of the third year to clear his debt?

A. Rs. 14030 B. Rs. 14005 C. Rs. 12050 D. Rs 13035 E. Rs. 12035

9. A invested some money at r% which grows to 676/441 times when invested for two years in a
scheme where interest is compounded annually, how long will the same sum of money take to
triple itself if invested at ‘r/100’% rate of interest in a scheme where the interest is computed
using the simple interest method.

A. 120 years B. 840 years C. 105 years D. 720 years E. None of these

10. Sunil lent some amount to Poonam for 3 years at the rate of 20% per annum simple interest
and the equal amount to Sabnam for 2 years at the rate of 25% per annum compound interest
compounded annually. At the end of time duration, the amount received from Poonam was Rs.
5625 more than that from Sabnam. How much money did he lend to each?

A. Rs. 2,00,000 B. Rs. 1,00,000 C. Rs. 2,50,000 D. Rs. 1,50,000 E. None of these

11. A man deposited certain amount of money on compound interest for 3 years at the rate of
10% per annum. The difference between the amount accumulated after 3 years and the amount
accumulated after 2 years is Rs. 968. If the same principal amount is deposited at simple interest
at the rate of x% per annum for 5 years, then find the value of ‘x’, if the simple interest obtained
by man is Rs. 3200.

A. 7.5 B. 7 C. 8 D. 8.5 E. 5

12. Two friends Pratik and Sameer have some amount of money in the ratio 14 : 9. Pratik puts his
money at compound interest of 12.5% p.a for three years, while Sameer lends his money at simple
interest for three years at the rate 20% p.a. If the interest earned by Pratik is Rs. 7595, what is the
total amount earned by Sameer after three years?

A. Rs. 19442 B. Rs. 18432 C. Rs. 17986 D. Rs. 18562 E. None of these

13. Aman takes Rs 62,500 from a bank at simple interest at the rate of 8% per annum. After 1 year
he returns 25% of the amount and after another year he returns 33.33% of the amount. What is
the total amount to be returned after 3rd year to clear the loan?

A. Rs. 39236 B. Rs. 38352 C. Rs. 42960 D. Rs. 39366 E. None of these
14. The compound interest earned after three years and that earned after two years on a certain
sum of money, differ by Rs 5880. What is the principal sum of money if the rate of interest is
16.67% p.a?

A. Rs. 27432 B. Rs. 25920 C. Rs. 26780 D. Rs. 29870 E. None of these

15. Compound interest on a certain sum at the rate of 12% per annum after 2 years is Rs.142464.
Find the simple interest on that sum at the rate of 15% per annum for 7 years.

A. Rs. 588000 B. Rs. 568000 C. Rs. 586000 D. Rs. 566000 E. None of these

16. Find the difference between compound interest and simple interest on a sum of Rs.48000 at
the rate of 15% per annum for three years.

A. Rs. 3200 B. Rs. 3204 C. Rs. 3402 D. Rs. 3202 E. None of these

17. A man deposited Rs. 40,000 in a bank at 10% per annum, compounded annually for two years.
He wanted to keep the amount deposited at the end of the two years, but there was a new law in
place that for any amount in the account that date onwards, any annual interest greater than
Rs.2,500 would be taxed. Also, the rate of interest was reduced to 8% per annum. What amount
should he remove from his account to ensure that he just avoids paying the tax? Assume that his
account had zero balance before he deposited Rs. 40,000.

A. Rs. 31,250 B. Rs. 24,000 C. Rs. 21,684 D. Rs. 18,050 E. Rs. 17,150

18. Kishan borrowed a certain sum from the bank. The bank charges a simple interest of 10 % per
annum. Kishan later realized that he no longer needs the entire money. So he lent 60 percent of
the borrowed sum to Vikas at the rate of 20% per annum compounded annually. At the end of 3
years, Vikas paid him a sum of Rs. 1555200. How much amount(in Rs.) will Kishan pay to the bank
if he repays the entire loan at the end of 4 years?

A. 2400000 B. 2700000 C. 2100000 D. 2500000 E. 2000000

19. Three friends, Anil, Bipin, and Chandu invested some money at the rate of interest 10% per
annum, 12.5% per annum, and 20% per annum simple interest respectively. If the total interest
accrued at the end of 2 years was Rs. 4200 and the amount invested by Anil was 150% of the
amount invested by Bipin and the amount invested by Chandu is 25% more than the amount
invested by Bipin. Find the difference between the amount invested by Anil and Chandu?

A. Rs. 1000 B. Rs. 1500 C. Rs. 1800 D. Rs. 1250 E. None of these

20. Riya borrows Rs. 8000 from a bank at (12)1/2 % p.a. compound interest. At the end of every
year, she pays Rs. 3000 as part of repayment of loan and interest. How much she still owes to the
bank after paying three such installments ?

A. Rs. 1218.75 B. Rs. 1465.50 C. Rs. 1300 D. Rs. 1150 E. Rs. 1450

21. A father gives Rs. 90000 to his son. The son purchases a TV, Phone and a bike for Rs. 15000, Rs.
13000 and Rs. 35000 respectively and puts the remaining money in a scheme that pays C.I. at 15%
per annum. Find the total percentage change in amount received by him initially, if after two
years, he sells off all the items at 80% of the purchase price and also withdraws his money from
the scheme.

A. 6.25% decrease B. 8.54% increase C. 4.32% decrease D. 5.48% increase E. None of these
22. Amritansh invested Rs. 45000 in a scheme offering 10% compound interest for 3 years. Arun
invested Rs. ‘x’ less than Amritansh in another scheme offering 12% simple interest for 3 years.
Find the value of ‘x’ if the interest earned by Amritansh is Rs. 315 more than the interest earned
by Arun. A. 3500 B. 4500 C. 7500 D. 6000 E. 4000

23. The compound interest accrued on an amount in two years is Rs. 26096 less than the amount.
The difference between the compound interest and the simple interest accrued on the same
amount but at half the rate of interest in two years is Rs. _____ and the amount is Rs. 35000.

A. 114 B. 132 C. 126 D. 144 E. None of these

24. Prabhas had Rs.190000 with him for the Diwali shopping. He purchases a laptop, an iPhone
and a bike for Rs. 45000, Rs. 60000 and Rs. 50000 respectively and puts the remaining money in a
bank deposit that pays CI at 12% per annum. After two years, he sells off all the items at 90% of
the original price and also withdraws his entire money from the bank by closing the account. Find
the total percentage change in the asset.

A. – 4.5% B. +3.47% C. – 4.32% D. – 3.47% E. No Change

25. Akshay invested Rs. 35000 in scheme A and Rs. 24000 in scheme B. Scheme A is offering
interest at the rate of R% compounded annually and scheme B is offering simple interest at rate of
(R+4)% per annum. After 2 years, the interest earned by Akshay from scheme A is Rs. 64 more
than interest earned from scheme B. Find the value of R.

A.12 B. 10 C. 8 D. 7 E. 5

26. Dhiru Bhai deposited a certain amount of money at C.I. for 3 years at the rate of 10% per
annum. The difference between the amount accumulated after 3 years and the amount
accumulated after 2 years is Rs. 968. If the same amount is deposited at S.I. at the rate of x% per
annum for 5 years and the simple interest obtained by Dhiru Bhai is Rs. 3200, then find the value
of ‘x’.

A. 7.5 B. 7 C. 8 D. 8.5 E. 5

27. P and Q’s father gave them Rs. 18, 00, 000 in the ratio of 5 : 1, respectively. Q deposited his
share at 5% simple interest for 5 years and then he deposited the accumulated amount at 10% CI
for 2 years. P deposited his share at 6% CI for 2 years. They invested their respective accumulated
amounts in a business which earned a profit of Rs. 5, 70, 000 in the 1st year. What was the
difference between P and Q’s share of 1st year’s profit?

A. 328000 B. 328500 C. 300000 D. 328440 E. 324880

28. Arun invested Rs. ‘x’ in a scheme offering 18% simple interest for three years whereas Varun
invested Rs. ‘2x – 3000’ in another scheme offering 10% compound interest for three years. Find
the value of ‘x’ if the interest earned by Arun is Rs. 261 more than the interest earned by Varun.

A. 9000 B. 8000 C. 7000 D. 6000 E. 5000

29. A person invested some money under compound interest compounded annually and at the
end of 2 years he received a total sum of Rs. 580800. If the rate of interest were 2% more then he
would have received Rs. 21312 more in the same time period. What was the total money invested
by the person?

A. Rs. 500000 B. Rs. 520000 C. Rs. 480000 D. Rs. 468000 E. None of these
30. If the difference between the simple interest and compound interest for 2 years is Rs. 160 and
the simple interest for second year is Rs.1000, then find the principal.

A. Rs. 6250 B. Rs. 7250 C. Rs. 8000 D. Rs. 10000 E. Rs. 16000

31. A person had Rs 1 lakh out of which he puts Rs. 28000 at 25% p.a. compound interest and the
remaining amount at 16.67% p.a. compound interest. What is the difference between the
interests obtained from the two investments after two years?

A. Rs. 10250 B. Rs. 12000 C. Rs. 9750 D. Rs. 11500 E. None of these

32. A person has Rs. 40000, 40% of which he puts at 12.5% p.a. compound interest and rest he
puts at simple interest at 10% p.a. What is the total interest obtained after two years?

A. Rs. 9050 B. Rs. 8500 C. Rs. 10020 D. Rs. 8750 E. None of these

33. A sum of money put at compound interest at r% p.a. gives amount of Rs. 6561 after 4 years
and Rs. 5832 after three years. If Rs. 18000 is put at r% SI for two years, what will be the amount
at the end of two years?

A. Rs. 22222.22 B. Rs. 22500 C. Rs. 19200 D . Rs. 21400 E. None of these

34. A person has Rs. 40000 out of which he puts Rs. 12000 at 10% SI for 3 years and Rs 16000 at
12.5% CI for 2 years and keeps the rest with himself. What is the total amount with him after three
years?

A. Rs. 52240 B. Rs. 35850 C. Rs. 42650 D. Rs. 47850 E. Rs. 45260

35. A person has Rs. 90000 with him, 1/3 of it he puts at 20% SI for 2 years and 2/3 of the
remaining at 12.5% CI for 2 years rest of the money he spends on shopping. The difference
between the interest obtained from SI and CI is what percent of the money spent on shopping?

A. 8.25% B. 5.25% C. 7.85% D. 4.75% E. None of these

36. A man deposited Rs. 25000 for 3.5 years on scheme 1 which gives simple interest at the rate of
12% per annum. If the simple interest earned from scheme 1 is deposited on scheme 2 at
compound interest for 2 years to get a total amount of Rs. 11797.8 and the rate of compound
interest given by scheme 2 is x% per annum, then find the value of x?

A. 5 B. 6 C. 7 D. 8 E. 9

37. Rohan invested Rs. ‘x’ in a scheme which offers simple interest at the rate of 12% per annum
for the first 3 years and compound interest at the rate of 10% for the next 2 years. After 5 years,
he earned a total interest of Rs. (x – 1772). If the same amount is invested in another scheme
which offers compound interest at the rate of 15% per annum, then find the interest earned by
him in 2 years.

A. Rs. 1612.50 B. Rs 1662.50 C. Rs. 1710 D. Rs. 1762.50 E. None of these

38. Karan invested Rs. 8000 in scheme A offering 20% compound interest for one year and a half
year compounded half yearly. He then invested the whole amount he has received in scheme B
offering 15% simple interest for five years. Find the total amount received by him after six and a
half years.

A. Rs. 18436 B. Rs. 18634 C. Rs. 18832 D. Rs. 19030 E. None of these
39. A certain amount becomes 4 times in 15 years at the rate of R% per annum simple interest. If
Rs. 30000 is invested at the rate of R% per annum compound interest compounded annually, then
what will be total compound interest earned in 3 years?

A. Rs. 18450 B. Rs. 21840 C. Rs. 18650 D. Rs. 16450 E. None of these

40. A person lends some money at 8% per annum simple interest for three years. At the end of
third year, he receives Rs. 250 as interest. How much more money (approximately) he would have
received if the rate of interest were 12% per annum compounded annually?

A. Rs. 172 B. Rs. 162 C. Rs. 152 D. Rs. 192 E. Rs. 182

41. The ratio of the amount for two years under compound interest annually and for one year
under simple interest is 9 : 7. If the rate of interest is same, then the value of rate of interest is:

A. 28.57% B. 29.02% C. 29.76% D. 29.57% E. None of these

42. A sum of money becomes 5 times of itself in 25 years at simple interest. If Rs. 12500 was
invested at the same rate of interest for two years, compounded annually then what would have
been the compound interest?

A. Rs. 4320 B. Rs. 4325 C. Rs. 4330 D. Rs. 4350 E. None of these

43. A man gave 50% of his savings of Rs. 168200 to his wife and divided the remaining sum among
his sons Gautam and Gambhir whose ages are 15 years and 13 years respectively. He divided it in
such a way that each of his sons who invested the individual sum at 5% compound interest rate
per annum, would receive the same amount when they attain the age of 18 years. The share of
Gambhir was:

A. Rs. 42050 B . Rs. 40000 C. Rs. 45000 D. Rs. 45500 E. None of these

44. Vijay Mallya returned a sum of money in 2 annual instalments of Rs 33,80,000 each at the rate
of 8 (1/3)% pa at compound interest. Find the sum borrowed from the bank?

A. Rs. 31,20,000 B. Rs. 75,00,000 C. Rs. 60,00,000 D. Rs. 66,00,000 E. None of these

45. Avinash invests Rs. 1600 at 20% compound interest per annum for 2 years. The amount earned
by him after 2 years was again invested at 25% per annum simple interest for 3 years. Find the
simple interest earned by Avinash.

A. Rs. 1562 B. Rs. 1458 C. Rs. 2042 D. Rs. 1844 E. Rs. 1728

46. Karan invested certain amount in three different insurance companies X, Y and Z that yielded
him interest at the simple interest rate of 8%, 10% and 12% per annum respectively and the
amount invested in company Z was 130% of the amount invested in company X and 210% of the
amount invested in company Y respectively. If the total interest accrued in one year was Rs. 4800,
what was the amount invested in company Y? (Find the approximate value)

A. Rs. 7984 B. Rs. 9974 C. Rs. 5576 D. Rs. 4382 E. None of these

47. A sum at the rate of 12% per annum after 10 years becomes Rs.79200. Find the difference
between compound interest and simple interest on that sum after three years, at the rate of 20%
per annum.

A. Rs. 3608 B. Rs. 6408 C. Rs. 4608 D. Rs. 5208 E. None of these
48. Difference between compound interest and simple interest on a certain sum at the rate of 8%
per annum for two years is Rs.4096. Find the compound interest on that sum after three years at
the rate of 12% per annum.

A. Rs. 209153.92 B. Rs. 158153.92 C. Rs. 229153.92 D. Rs. 259153.92 E. None of these

49. Asha took an educational loan of Rs. 4,00,000 from a nationalized bank for her 2 years course.
She returned half of the amount (including interest) at the completion of her studies and
remaining after 3 years from the end of her course. If she would be charged at 7% p.a. at CI during
her course and at 10% p.a. at CI after the completion of the course. Then what is her total interest
amount?

A. Rs. 1,98,765.35 B. Rs. 1,33,752.38 C. Rs. 1,67,190.47 D. Rs. 1,45,618.50 E. None of

these

50. A sum at simple interest amounts to Rs.109760 at the rate of 8% per annum after 12 years.
Find the compound interest on that sum at the same rate of interest after 3 years.

A. Rs. 11543.872 B. Rs. 14543.872 C. Rs. 18654.324 D. Rs. 12345.672 E. None of these
 KEY

SET 1

1.D 2.C 3. B 4. B 5.C 6.C 7.C 8. A 9. B 10. D 11. B 12. C 13. B 14. B
15. B 16. B 17. A 18. B 19. C 20. A 21. D 22. D 23. A 24. C 25. B 26. A
27. C 28. D 29.C 30. A 31.B 32. A 33.D 34. A 35. D 36. A 37. B 38. B
39. A 40. D 41. B 42. C 43. B 44. C 45. B 46. B 47. A 48. B

SET 2

1C 11 C 21 C 31 A 41 A
2B 12 B 22 B 32 A 42 A
3B 13 D 23 C 33 B 43 B
4B 14 B 24 D 34 D 44 C
5A 15 A 25 C 35 E 45 E
6B 16 C 26 C 36 B 46 B
7A 17 E 27 D 37 A 47 C
8D 18 C 28 D 38 B 48 D
9B 19 A 29 C 39 B 49 B
10 D 20 A 30 A 40 A 50 B