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COMPOUND INTEREST

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Max. Marks : 25 No. of Qs. 25 Time : 20 min. Date : ........./......../................
1. Sudhanshu invested ` 15,000 at interest @ 10% p.a for one 7. Rohit invested some amount at the rate of 6 pcpa and at the
year. If the interest is compounded every six months what end of 3 yr he got ` 8730 simple interest. How much compound
amount will Sudhanshu get at the end of the year? interest he will get on same amount and same rate of interest
(a) ` 16,537.50 (b) ` 16,5000 after 2 yr.
(c) ` 16,525.50 (d) ` 18,150 (a) ` 5820 (b) ` 5949.60 (c) ` 5900
(e) None of these (d) ` 5994.60 (e) None of these
2. What would be the compound interest obtained on an 8. Sonika invested an amount of ` 5800 for 2 years. At what rate
amount of ` 1,250 at the rate of 8% p.a. after 2 year ? of compound interest will she get an amount of ` 594.5 at the
end of two years ?
(a) ` 200 (b) ` 208 (c) `212
(a) 5 p.c.p.a. (b) 4 p.c.p.a. (c) 6 p.c.p.a.
(d) `220 (e) None of these (d) 8 p.c.p.a. (e) None of these
3. Shyam invests an amount of ` 5,690 at the rate of 5 per cent 9. What would be the compound interest accrued on an amount
per annum for 3 years. What approximate amount of of ` 7400 @ 13.5 p.c.p.a. at the end of two years ?
compound interest will he obtain at the end of 3 years? (Rounded off to two digits after decimal)
(a) ` 854 (b) ` 799 (c) ` 843 (a) ` 2136.87 (b) ` 2306.81 (c) ` 2032.18
(d) ` 787 (e) ` 897 (d) ` 2132.87 (e) None of these
4. The simple interest accrued on an amount of ` 84,000 at the 10. If the compound interest accrued on an amount of ` 14500 in
end of three year is ` 30,240. What would be the compound two years is ` 4676.25, what is the rate of interest p.c.p.a ?
interest accrued on the same amount at the same rate in the (a) 11 (b) 9 (c) 15
same period? (d) 18 (e) None of these
(a) ` 30,013.95 (b) ` 31,013.95 11. What will be the compound interest accrued on an amount of
(c) ` 32,013.95 (d) ` 33,013.95 ` 10000 @ per annum in two years if the interest is 20%
(e) ` 34,013-95 compounded half-yearly ?
5. What will be the difference between the compound interest (a) ` 4400 (b) ` 4600 (c) ` 4641
and simple interest at the rate of 5% p.a. on an amount of (d) ` 4680 (e) None of these
` 4,000 at the end of two years? 12. What will be the difference between the simple interest and
(a) ` 10 (b) ` 20 compound interest earned on a sum of ` 985.00 at the rate of
(c) ` 30 (d) Data inadequate 14% per annum at the end of two years ?
(e) None of these (a) ` 16.408 (b) ` 14.214 (c) ` 19.218
6. Pamela invested an amount of ` 35,000 for two year at the (d) ` 17.405 (e) None of these
rate of 5% p.a. What amount of compound interest would 13. A sum of money at compound interest amounts in two years
she receive at the end of two year ? to ` 2809, and in three years to ` 2977.54. Find the rate of
(a) ` 3587.50 (b) ` 3500 (c) ` 3580.50 interest and the original sum.
(d) ` 3565.50 (e) None of these (a) 2000 (b) 2100 (c) 2200
(d) 2500 (e) 3000

1. a b c d e 2. a b c d e 3. a b c d e 4. a b c d e 5. a b c d e
RESPONSE 6. a b c d e 7. a b c d e 8. a b c d e 9. a b c d e 10. a b c d e

GRID 11. a b c d e 12. a b c d e 13. a b c d e

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82 SPEED TEST 40

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14. In what time will 6250 amount to ` 6632.55 at 4 p.c. compound 20. A sum of money invested at compound interest amounts in

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interest payable half-yearly? 3 years to Rs 2,400 and in 4 years to Rs. 2,520. The interest

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rate per annum is :

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(a) (b) (c) (a) 6% (b) 5% (c) 10%
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(d) 12% (e) None of these

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5 9 21. A computer is available for Rs. 39,000 cash or Rs. 17,000 as

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(d) (e) cash down payment followed by five monthly installments

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of Rs. 4,800 each. What is the rate of interest under the

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15. If the simple interest on a certain sum of money for 3 years at

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instalment plan ?
5% is ` 150, find the corresponding CI.
(a) 35.71% p.a. (b) 37.71% p.a.
(a) 197 (b) 157.62 (c) 137.36
(c) 36.71% p.a. (d) 38.71% p.a.
(d) 117.17 (e) 127.34
16. A sum of money becomes eight times in 3 years if the rate is (e) None of these
compounded annually. In how much time, the same amount 22. Under the Rural Housing Scheme, the Delhi Development
at the same compound interest rate will become sixteen times? Authority (DDA) allotted a house to Kamal Raj for Rs.
(a) 6 years (b) 4 years (c) 8 years 1,26,100. This payment is to be made in three equal annual
(d) 5 years (e) None of these instalments. If the money is reckoned at 5% per annum
17. The difference between the simple interest and the compound compound interest, then how much is to be paid by Kamal
interest compounded annually at the rate of 12% per annum Raj in each instalment ?
on Rs 5000 for two years will be : (a) Rs. 45,205 (b) Rs. 47,405 (c) Rs. 46,305
(a) Rs 47.50 (b) Rs 63 (c) Rs 45 (d) Rs. 48,505 (e) None of these
(d) Rs 72 (e) None of these 23. A finance company declares that, at a certain compound
18. Rahul borrowed a certain sum from Dhawan at a certain rate interest rate, a sum of money deposited by anyone will
of simple interest for 2 years. He lent this sum to Ramesh at become 8 times in three years. If the same amount is deposited
the same rate of interest compounded annually for the same at the same compound rate of interest, then in how many
period. At the end of two years, he received Rs 4200 as year will it become 16 times ?
compound interest but paid Rs 4000 only as simple interest. (a) 5 years (b) 4 years (c) 6 years
Find the rate of interest. (d) 7 years (e) None of these
(a) 12% (b) 25% (c) 35% 24. Seema invested an amount of Rs. 16,000 for two years on
(d) 10% (e) None of these compound interest and received an amount of Rs. 17,640 on
19. What will Rs 1000 be worth after three years if it earns interest maturity. What is the rate of interest ?
at the rate of 5% compounded annually ? (a) 5 % pa (b) 8 % pa
(a) Rs 1075 (b) Rs 1257 (c) Rs 1157 (c) 4 % pa (d) Data inadequate
(d) Rs 1300 (e) None of these (e) None of these
25. Two friends A and B jointly lent out Rs. 81,600 at 4% per
annum compound interest. After 2 years A gets the same
amount as B gets after 3 years. The investment made by B
was
(a) Rs. 40,000 (b) Rs. 30,000 (c) Rs. 45,000
(d) Rs. 38,000 (e) None of these

14. a b c d e 15. a b c d e 16. a b c d e 17. a b c d e 18. a b c d e

RESPONSE 19. a b c d e 20. a b c d e 21. a b c d e 22. a b c d e 23. a b c d e
GRID 24. a b c d e 25. a b c d e