WORKSHEET: SI & CI 1

1. A man borrows Rs. 4000 and pays back after 5 years at 15% simple
interest. The amount paid by the man is:
(a) Rs.1800 (b) Rs.4800 (c ) Rs. 7500 (d) Rs. 7000
2. What is the rate of simple interest at which Rs. 14,000 gives interest of
Rs. 1960 in two years?
(a) 4% (b) 5%(c ) 7% (d) 10%
3. If the rate of simple interest is 12% per annum, the amount that would
fetch interest of Rs. 6000 per annum is:
(a) Rs. 7200 (b) Rs. 48000 (c ) Rs. 50000 (d) Rs. 72000
4. At r% per annum a sum doubles after 20 years. The rate of interest per
annum is:
(a) 4% (b) 5%(c ) 8% (d) 10%
5. A sum of money doubles itself in 12 years. In how many years would it
treble itself at simple intrest?
(a) 36 years (b) 18 years (c ) 24 years (d) 15 years
6. Akul lent Rs.6000 to Bakul for 2 years and Rs.1500 to camal for 4 years
and received altogether from both Rs.900 as simple interest. The rate of
interest is:
(a) 4% (b) 8%(c ) 10% (d) 5%
7. Consider the following statements.
If a money is loaned at simple interest then the:
2
(i) money gets doubled in 5 years if the ratio of interest is 16 %.
3
(ii) money gets doubled in 5 years if the rate of interest is 20%.
(iii) money becomes four times in 10 years if it gets doubled in 5 years.
of these statements :
(a) (i) and (iii) are correct (b) (iii) alone is correct
(c ) (ii) alone is correct (d) (ii) and (iii) are correct
8. The rate of interest in two banks DNB and HBI are in the ratio of 7:8. If a
person invested some amount in both the banks and received equal
amounts from both the banks in two year. The ratio of amount invested in DNB
and HBI respectively is:
(a) 15 : 1 (b) 8 : 7 (c ) 7 : 8 (d) 108 : 107
9. A sum of money becomes 13/5 times of itself in 32 years at r% of SI.
What is the value of r?
(a) 6% (b) 7%(c ) 5% (d) 18%
10. The difference between interest received by A and B is Rs. 18 on Rs. 1500
for 3 years. What is the difference in rate of interest?
(a) 1% (b) 2.5% (c ) 0.5% (d) 0.4%
11. The simple interest on certain sum at 5% for 9 month is Rs. 10 greater
than the simple interest on the same sum @ 3% for 14 months. What is the
sum of interest in both the cases (i.e., total sum of interest)?
(a) Rs. 130 (b) Rs. 290 (c ) Rs. 120 (d) Rs. 330
1 1
12. Mr. Bajaj invested of his total investment at 4% and at 5% and rest at
7 2
6% for the one year and received total interest of Rs. 730. What is the total sum
invested?
(a) Rs. 70000 (b) Rs. 14000 (c ) Rs. 24000 (d) Rs. 38000
13. Equal amounts of each Rs. 43892 is lend to two persons for 3 years. One
@ 30% SI and second @ 30% CI annually. By how much per cent the CI is
greater than the simple interest received in this 3 years duration?
 WORKSHEET: SI & CI 2

(a) 23% (b) 33% (c ) 33.33% (d) none of these

14. Rs. 3500 was lent partly @ 4% and partly @ 6% SI. The total interest
received after 3 years is 498. What is the amount lent @ 4% SI?
(a) Rs. 1300 (b) Rs. 1800 (c ) Rs. 200 (d) Rs. 2200
15. P and Q invest some amount under SI and CI respectively but for the
same period at 6% per annum. Each gets a total amount of Rs. 65,000 at
the end of 6 years. Which of the following is definitely true?
(i) Q’s initial principal is less than that of P
(ii) Q’s initial principal is equal to that of P
(iii) P’s percentage earning is less than that of Q
(a) (i) only (b) (ii) only (c ) (iii) only (d) (i) and (iii) only
16. Sunidhi borrowed Rs. 10,815, which is to be paid back in 3 equal half
40
yearly instalments. If the interest is compounded half yearly at % per
3
annum, how much is each instalment?
(a) 2048 (b) 3150 (c ) 4096 (d) 5052
17. The compound interest on a certain sum for 2 years is Rs. 756 and SI
(simple interest) is Rs. 720. If the sum is invested such that the SI is Rs.
900 and the number of years is equal to the rate per cent per annum, find the
rate per cent :
(a) 4 (b) 5 (c ) 6 (d ) 1.0
18. Jalela and Dalela have to clear their respective loans by paying 3 equal
annual instalments of Rs. 30000 each. Jalela pays @ 10% per annum of simple
interest while Dalela pays 10% per annum compound interest. What is the
difference in their payments?
(a) Rs. 300 (b) Rs. 425 (c ) Rs. 245 (d) Rs. 333.33
19. ICICI lent Rs. 1 lacs to captain Ram Singh @ 6% per annum of simple
interest for 10 years period. Meanwhile ICICI offered a discount in rate of
interest for armed forces. Thus the rate of interest ICICI decreased
to 4%. In this way Ram Singh had to pay total amount 1.48 lacs.
After how many years Ram Singh got the discount in rate of interest?
(a) 3 years (b) 4 years (c ) 6 years (d) 5 years
20. The population of vultures in a particular locality is decreases by a certain
rate of interest (compounded annually). If the current population of
vultures be 29160 and the ratio of decrease in population for second year
and 3rd year be 10 : 9. What was the population of vultures 3 years ago?
(a) 30000 (b) 35000 (c ) 40000 (d) 50000
1.D 2.C 3.C 4.B 5.C 6.D 7.C 8.B 9.C 10.D
11.B 12.B 13.B 14.D 15.D 16.C 17.B 18.A 19.B 20.C