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CI
Q.1

The Simple interest on a certain sum for 2 years at 10% per annum is Rs. 90.
The corresponding compound interest is:
1)97 2)90 3)94.50
4)100
5)None of these

Q.2

Manoj borrowed a certain sum from Anuj at a certain rate of simple interest
for 2 years. He lent this sum to Rakesh at the same rate of interest
compounded annually for the same perio4) At the end of two years, he
received Rs. 4200 as compound interest but paid Rs. 4000 only as simple
interest. Find the rate of interest?
1)10%
2)20%
3)25%
4)30%
5)None of these

Q.3

If the difference between the simple interest and compound interests on some
principal amount at 20% for 3 years is Rs. 48, then the principal amount is
1)636
2)650
3)375
4)400
5)None of these

Q.4

What sum invested for 2 years at 12% compounded annually will grow to Rs.
4390.40..
1)4000
2)3875
3)3800
4)3500
5)None of these

Q.5

A sum of money is borrowed and paid back in two annual installments of Rs.
882 each allowing 5% compound interest. The sum borrowed was:
1)1620
2)1640
3)1680
4)1700
5)None of these

Q.6

Divide Rs. 3903 between A and B, so that As Share at the end of 7 years may
equal to Bs share at the end of 9 years, compound interest being at 4 percent.
1)2018 and 1885
2)2028 and 1875 3)2008 and 1895
4)2038 and 1865
5)None of these

Q.7

if a sum on compound interest becomes three times in 4 years, then with the
same interest rate, the sum will become 27 times in:
1)8 years
2)12 years
3)24 years
4)36 years 5)None of these
Q.8 What annual payment will discharge a debt of 1025 due in 2 years at the rate
of 5% compound interest?
1)550
2)551.25
3)560
4)560.35
5)None of these
Q.9 In what time will Rs. 64,000 amount to Rs.68921 at 5% per annum interest
being compounded half yearly?
1)3 years
2)2 years
3)2(1/2) years
4)1(1/2) years
5)None of these
Q.10 If the difference between the CI and SI on a sum of money at 5% per
annum for 2years is Rs.16.Find the Simple Interest ?
1)180
2)460
3)520
4)640
5)None of these
Q.11 The difference between the SI and CI on Rs.5000 at 10%per annum for 2
year is
1)24
2)35
3)50
4)56
5)None of these
Q.12 The difference SI and CI on Rs.1000 for 1 year at 10%per annum
reckoned Half yearly is
1)2
2)2.5
3)3
4)2.4
5)None of these
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SI & CI

Q.13 Compound interest on a certain sum of money at 20% per annum for 2 years
is Rs.5984.What is the SI on the same money at 9% per annum for 6 years ?
1)7320
2)7233
3)7433
4)73445)None of these
Q.14 The difference between CI and SI on an amount Rs. 15000 for 2 year is
Rs.96.What is the rate of interest per annum ?
1)12
2)10
3)8
4)7
5)None of these
Q.15 The effective annual rate of interest corresponding to the nominal rate of 4%
per annum payable half yearly is
1)4
2)4.4%
3)4.04%
4)4.2%5)None of these
Q.16 Rohit borrowed Rs. 1200 at 12% PA .He repaid Rs. 500 at the end of 1 year.
What is the amount required to pay at the end of 2nd year to discharge his
loan which was calculated in CI
1)945.28 2)1106.00 3)1107.55 4)1100.65 5)None of these
Q.17 A sum of money invested at CI to Rs.800 in 3 years and to Rs.840 in 4
years.Find rate of interest PA ?
1)6%
2)5%
3)4%
4)2%
5)None of these
Q.18 What is the difference between the CI and SI on Rs.6500 at the rate of 4 pcpa
in 2 yrs ?
1)9.4
2)10.4
3)15.4
4)14.5
Q.19 The CI on a certain sum at 10% pa for 2yrs is Rs.6548. What is SI on the sum
of money at 7%pa for 4 yrs(approx) ?
1)8700
2)8731
3)8370
4)8470
Q.20 A sum of money amount to Rs.900 in 3 yrs and Rs.1080 in 4yrs at CI. What is
the rate of CI pa ?
1)10%
2)15%
3)20%
4)18%
Q.21 Find the CI on Rs.4500 at 4% pa for 2 yrs compounded half yearly(approx) ?
1)963
2)369
3)639
4)360
Q.22 In how many years will a sum of Rs.15625 at 8% pa compounded semi
annually become Rs.17,576?
1)2(1/3)yrs
2)2yrs
3)1(1/2)yrs
4)1yr
Q.23 If 40% increase in an amount in 4 years at SI. What will be the CI of
Rs.10,000 after 2 yrs at the same rate ?
1)1000
2)1100
3)2000
4)2100
Q.24 A sum of money is borrowed and paid in 2 annual instalments of Rs.642 each
allowing 4% CI. The sum borrowed was
1)1120
2)1211
3)1112
4)1121
Q.25 The least number of complete years in which a sum of money put out at 10%
CI will be more than doubled is
1)8yrs
2)6yrs
3)4yrs
4)7yrs
Q.26 A sum of money doubles itself at CI in 10yrs. In how many yrs will it become
4 times ?
1)10yrs
2)20yrs
3)15yrs
4)22yrs
Q.27 At what rate of CI pa will a sum of Rs.1000 becomes Rs.1040.4 in 2yrs ?
1)2%
2)1%
3)1.5%
4)3%
Q.28 The difference between the total simple interest and the total compound
interest compounded annually at the same rate of interest on a sum of money
at the end of two years is Rs. 350. What is definitely the rate of interest per
cent per annum?
1)9,300
2)7600
3)12000
4)Data inadequate
5)None of these
Q.29 Aswin invested an amount of Rs.9000 in a fixed deposit scheme for 2 years at
CI rate 6% p1) How much amount will Aswin get on maturity of the fixed
amount ?
1)Rs.11,230
2)Rs.10,250
3)Rs.10,112
4)Data inadequate
5)None of these
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SI & CI

Q.30 A sum of money invested for 7years in Scheme 1 which offers SI at a rate of
8% p1) The amount received from Scheme 1 after 7 years invested for 2 years
in Scheme 2 which offers CI rate of 10% p1) If the interest received from
Scheme B was Rs.1638. What was the sum invested in Scheme 1 ?
1)Rs.7500
2)Rs.5000
3)Rs.8200
4)Rs.9000
5)None of these
Q.31 Rs.5200 was partly invested in Scheme A at 10% pa CI for 2 years and Partly
invested in Scheme B at 10% pa SI for 4 years. Both the schemes earn equal
interests. How much was invested in Scheme A ?
1)Rs.1790
2)Rs.2200
3)Rs.3410
4)Rs.2670
5)None of these
Q.32 The CI on Rs.7000 for 3 years at 5% for first year, 7% for second year, 10%
for the third year will be
1)Rs.1800
2)Rs.1530
3)Rs.1651
4)Rs.2050
5)None of these
Q.33 Poorni and Priyanka have to clear their respective loans by paying 2 equal
annual instalments of Rs.20000 each. Poorni pays at 10% pa of SI and
Priyanka pays at 10% CI p1) What is the difference in their payments ?
1)200
2)300
3)400
4)500
5)None of these
Q.34 A sum of Rs.3,50,500 is to be paid back in 2 equal annual instalments. How
much is each instalment, if the rate of interest charged 4% per annum
compound annually ?
1)Rs.1,90,450
2)Rs.1,65,876
3)Rs.1,76,545
4)Rs.1,85,834
5)None of these
Q.35 At CI, if a certain sum of money is doubled in 4 years, then the amount will be
four fold in how many years ?
1)7years
2)4years
3)10years
4)8years
5)None of these
Q.36 X has lent some money to A at 5% pa and B at 8% p1) At the end of the year
he has gain the overall interest at 7% p1)In what ratio has he lent the money
to A and B ?
1)2:1
2)1:2
3)3:1
4)1:4
5)None of these
Q.37 The difference between interest received by X and Y is Rs.315 on Rs.3500 for
3 years. What is the difference in rate of interest ?
1)1.5%
2)2%
3)3%
4)2.7%
5)None of these
Q.38 On a certain sum of money, after 2 years the simple interest and compound
interest obtained are Rs 800 and Rs 960 respectively. What is the sum of
money invested?
1) Rs 1420
2) Rs 1325
3) Rs 1000
4) Rs 1405
5) Rs 1375
Q.39 Rs 6000 becomes Rs 7200 in 3 years at a certain rate of compound interest.
What will be the amount received after 9 years?
1) Rs 11,498
2) Rs 10,352
3) Rs 9,368
4) Rs 10,368
5) None of these
Q.40 A man borrows Rs 4000 at 8% compound interest for 3 years. At the end of
each year he paid Rs 500. How much amount should he pay at the end of 3rd
year to clear the debt?
1) Rs 4254.5
2) Rs 3465.2
3) Rs 3485.2
4) Rs 4345.4
5) Rs 4455.6
Q.41 A sum of money is lent for 2 years at 20% p.1) compound interest. It yields
Rs 482 more when compounded semi-annually than compounded annually.
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SI & CI

What is the sum lent?

1) Rs 25,600
2) Rs 20,000
5) None of these

3) Rs 26,040

4) Rs 40,500

Q.42 The compound interest obtained after 1st and 2nd year is Rs 160 and Rs 172.8
respectively on a certain sum of money invested for 2 years. What is the rate
of interest?
1) 10%
2) 8%
3) 8.5%
4) 9% 5) 9.2%
Q.43 A sum of money becomes Rs 35,280 after 2 years and Rs 37,044 after 3 years
when lent on compound interest. Find the principal amount.
1) Rs 32,000
2) Rs 28,000
3) Rs 31,500
4) Rs 32,500 5) None of these
Q.44 The difference between compound interest earned after 3 years at 5% p.1)
and simple interest earned after 4 years at 4% p.1) is Rs 76. Find the
principal amount.
1) Rs 32,000
2) Rs 28,000
3) Rs 31,500
4) Rs 32,500
5) None of these
Q.45 A sum of money is lent at simple interest and compound interest. The ratio
between the difference of compound interest and simple interest of 3 years
and 2 years is 35 : 11. What is the rate of interest per annum?
1) 20 3/4%
2) 17 2/5%
3) 18 2/11%
4) 22 1/5%
5) 24 5/6%
Q.46 A sum of money borrowed at 5% compound interest is to paid in two annual
installments of Rs 882 each. What is the sum borrowed?
1) Rs 1650
2) Rs 2340
3) Rs 2630
4) Rs 1640
5) Rs 2640
Q.47 Rs 3903 is to be divided in a way that As share at the end of 7 years is equal
to the Bs share at the end of 9 years. If the rate of interest is 4%
compounded annually, find As shar5)
1) Rs 2475
2) Rs 1875
3) Rs 2175
4) Rs 1935
5) Rs 2028
Q.49 The difference between compound interest compounded every 6 months and
simple interest after 2 years is 248.10. The rate of interest is 10 percent. Find
the sum
1) 12000
2) 14000
3) 16000
4) 18000
5) None of these
Q.50 A person earns an interest of 240 on investing certain amount at Simple
interest for 2 years at 5 percent amount. If the rate of interest is compounded
annually then how much more interest will be gain by the person at same rate
of interest and on the same sum.
1) 6 2) 8 3) 12 4) 10 5) None of these
Q.51 Find the least number of years in which the sum put at 25% rate of interest
will be more than double4)
1) 2 years 2) 3 years
3) 4 years 4) 5 years
5) None of these
Q.52 A sum of rupees 4420 is to be divided between rakesh and prakash in such a
way that after 5 years and 7 years respectively the amount they get is equal.
The rate of interest is 10 percent. Find the share of rakesh and prakash
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SI & CI
Q.53

Q.54
Q.55

Q.56
Q.57

1) 2000, 2420
2) 2420, 2000
3) 2480, 2420
4) 2210, 2210
5) None of these
The simple interest on a certain sum of money for 4 years at 15 percent per
annum is 600. Find the compound interest in the same sum at 10 percent
interest for 2 years
1) 220
2) 200
3) 210
4) 120
5) None of these
Find the effective annual rate of 10 percent per annum compounded halfyearly1) 10.5
2) 10.25
3) 11.25
4) 11.50
5) None of these
A sum of rupees 3200 is compounded annually at the rate of 25 paise per
rupee per annum. Find the compound interest payable after 2 years.
1) 1200
2) 1600
3) 1800
4) 2000
5) None of these
A sum of 3000 becomes 3600 in 3 years at 15 percent per annum. What will
be the sum at the same rate after 9 years.
1) 5124
2) 5184
3) 5186
4) 5192
5) None of these
Priya saves an amount of 500 every year and then lent that amount at an
interest of 10 percent compounded annually. Find the amount after 3 years.
1) 1820.5 2) 1840.5
3) 1920.5
4) 1940.5
5) None of these

Q.58 A man borrows 10000 rupees at 20 % compound interest for 3 years. If every
year he pays 2000 rupees as repayment. How much amount is still left to be
paid by the man?
1) 5000
2) 7000
3) 9000
4) 10000 5) None of these
Q.59 A sum of rupees 3903 is divided between P and Q such that the share of P at
the end of 8 years is equal to the share of Q after 10 years. Find the share of P
if rate of interest is 4% compounded annually.
1) 2012
2) 2029
3) 2028
4) 2081
5) None of these
Q.60

A man borrows 2000 rupees at 10% compound interest. At the end every
year he pays rupees 1000 back. How much amount should he pay at the end
of the third Year to clear all his debt?
1) 252
2) 352
3) 452
4) 552
5) None of these
Q.61 A sum of rupees 3200 is compounded annually at the rate of 10 paisa per
rupee per annum. Find the compound interest payable after 2 years.
1) 200
2) 842
3) 672
4) 832
5) None of these
Q.62 What sum of money will amount to rupees 1124.76 in 3 years, if the rate of
interest is 5% for the first year, 4% for the second year and 3% for the third
year?
1) 1500
2) 1200
3) 1000
4) 1900
5) None of these
Q.63 Riya saves an amount of 500 every year and then lent that amount at an
interest of 10 percent compounded annually. Find the amount after 3 years.
1) 1820.5 2) 1840.5
3) 1920.5
4) 1940.5
5) None of these
Q.64 A sum of 3000 becomes 3600 in 3 years at 15 percent per annum. What will
be the sum at the same rate after 9 years?
1) 5124
2) 5184
3) 5186
4) 5192
5) None of these
Q.65 On a certain sum of money, after 2 years the simple interest and compound
interest obtained are Rs 400 and Rs 600 respectively. What is the sum of
money invested?
1) 100
2) 200
3) 300
4) 400
5) None of these
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SI & CI

Q.66 A sum of money becomes Rs 35,280 after 2 years and Rs 37,044 after 3 years
when lent on compound interest. Find the principal amount.
1) 2800
2) 3000
3) 3200
4) 4000
5) None of these
Q.67 A sum of money is lent for 2 years at 10% p.1) compound interest. It yields
Rs 8.81 more when compounded semi-annually than compounded annually.
What is the sum lent?
1) 1000
2) 1200
3) 1400
4) 1600
5) None of these
Q.68 A sum of rupees 4420 is to be divided between raj and parth in such a way
that after 5 years and 7 years respectively the amount they get is equal. The
rate of interest is 10 percent. Find the share of raj and parth
1) 2000, 2420
2) 2420, 2000
3) 2480, 2420
4) 2210, 2210
5) None of these

Answer Keys
Q.1
Q.2
Q.3
Q.4
Q.5
Q.6
Q.7
Q.8
Q.9
Q.10
Q.11
Q.12
Q.13
Q.14
Q.15
Q.16
Q.17
Q.18
Q.19
Q.20
Q.21
Q.22
Q.23

3
1
3
4
2
2
2
2
4
4
3
2
4
3
1
2
2
2
3
3
3
4

Q.24
Q.25
Q.26
Q.27
Q.28
Q.29
Q.30
Q.31
Q.32
Q.33
Q.34
Q.35
Q.36
Q.37
Q.38
Q.39
Q.40
Q.41
Q.42
Q.43
Q.44
Q.45
Q.46

2
1
2
1
4
3
2
3
3
1
4
4
2
3
3
4
5
2
2
1
1
3
4

Q.47
Q.48
Q.49
Q.50
Q.51
Q.52
Q.53
Q.54
Q.55
Q.56
Q.57
Q.58
Q.59
Q.60
Q.61
Q.62
Q.63
Q.64
Q.65
Q.66
Q.67

2
3
1
3
2
3
2
3
2
1
4
3
2
3
3
1
2
2
3
4
2

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