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    Simple Interest and Compound Interest

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    TMD
    This document contains 13 multiple choice questions related to simple interest and compound interest concepts. The questions cover calculating simple interest given principal, rate and time, finding principal when interest and other details are known, comparing growth of sums using simple vs. compound interest over time, and calculating compound interest amounts and installments.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Simple Interest and Compound Interest

    Uploaded by

    TMD
    11 views15 pages
    This document contains 13 multiple choice questions related to simple interest and compound interest concepts. The questions cover calculating simple interest given principal, rate and time, finding principal when interest and other details are known, comparing growth of sums using simple vs. compound interest over time, and calculating compound interest amounts and installments.

    Original Title

    SI & CI.pptx

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    This document contains 13 multiple choice questions related to simple interest and compound interest concepts. The questions cover calculating simple interest given principal, rate and time, finding principal when interest and other details are known, comparing growth of sums using simple vs. compound interest over time, and calculating compound interest amounts and installments.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    11 views15 pages

    Simple Interest and Compound Interest

    Uploaded by

    TMD
    This document contains 13 multiple choice questions related to simple interest and compound interest concepts. The questions cover calculating simple interest given principal, rate and time, finding principal when interest and other details are known, comparing growth of sums using simple vs. compound interest over time, and calculating compound interest amounts and installments.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 15

    SIMPLE INTEREST AND

    COMPOUND INTEREST

    1. Find S.l on Rs 6250 at 14% p.a. for


    146 days.
    (a)500
    (b) 250
    (c) 350
    (d)
    400

    2. A sum at simple interest at 13(1/2)


    % per annum amounts to Rs.
    2502.50 after 4years. Find the sum.
    (a)1403 (b) 1238 (c) 1625 (d)
    1200

    3. A sum of money lent at Simple


    interest doubles in 8 years. In how
    many years will it be thrice the sum?
    (a) 10
    (b) 12
    (c) 14
    (d)
    16

    4. A sum of Rs. 12,500 amounts to Rs.


    15,500 in 4 years at the rate of
    simple interest. What is the rate of
    interest?
    A. 3%
    B. 4%
    C. 5%
    D. 6%

    5. P=5000, i=20%, n=4yrs. Find CI ?


    (a)5368 (b) 10368 (c) 7368 (d)
    None

    6. The difference between CI & SI on a


    certain sum at 12% per annum, for 2
    years is Rs. 90 What will be the
    principle?
    (a)6250
    (b) 7000
    (c) 4200
    (d) 5250

    7. What sum of money will produce


    Rs.285 as interest in 3(3/4)of the
    year at 2(1/2)% SI?
    (a)2000 (b) 2285 (c) 3325
    (d)
    3040

    8. The difference between CI and SI on


    a certain sum at 10% per annum for
    2 yrs is Rs. 600. Find the amount
    after 3 years for the same principle
    at 10% SI?
    (a)6000
    (b) 7000 (c) 78000 (d)
    None

    9. Rs. 5887 is divided between Shyam


    and Ram such that , Shyams share
    at the end of 9 year is equal to Rams
    share at the end of 11 year. If the
    interest is compounded annually at
    the rate of 5%. Find the share of
    Shyam?
    (a)2800 (b) 3000 (c) None (d)
    3087

    10. How long will it take for a sum of


    money to grow from 1250 to 10000, If
    it is invested at 12.5% p.a. at SI?
    (a)42 years (b) 30 years (c) 56 years
    (d) 25 years

    11. A specified sum gives Rs. 8000 as


    interest for 8 year at 18% p.a. What
    will be the SI for the same sum at the
    rate of 8% PA for 18 years?
    (a)8000
    (b) 10000
    (c) 7000
    (d) 6000

    12. If the CI on a certain sum for 2yrs


    at 4% is Rs.102. What would be the
    SI at the same rate for 2 year?
    (a)1250 (b) 100
    (c) 625
    (d)
    120

    13. The SI on a sum of money is 25%


    of the principal, and the rate per
    annum is equal to the number of
    years. Find the rate percent.
    (a)4.5% (b) 6%
    (c) 5% (d) 8%

    15. A sum of Rs. 8000 is borrowed at


    5% p.a. compound interest and paid
    back in 3 equal annual installments.
    What is the amount of each
    installment?
    (a)2937.67 (b) 3087 (c) 2037.67
    (d) 2739

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