PSC/ BANK QUESTIONS SIMPLE INTEREST AND COMPOUND INTEREST

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QUESTIONS SIMPLE INTEREST AND COMPOUND INTEREST

1.       The simple interest on a sum of money in 1 ½ years at 6% per annum is Rs 18. What is the sum?

a.       Rs 225

b.      Rs 175

c.       Rs 275

d.      Rs 200

e.      None of these

2.       At what rate percent simple interest will a sum of money treble itself in 25 years?

a.       8%

b.      5%

c.       11%

d.      12%

e.      none of these.

3.       A certain sum given on simple interest becomes double in 20 years. In how many years will it be 4 times?

a.       60

b.      50

c.       40

d.      80

e.      none of these

4.       Find the amount on Rs 5000 from 20 January 1983 to 27 August 1983 at 4% interest per annum?

a.       Rs 5110

b.      Rs 5120

c.       Rs 5250

d.      Rs 5300

e.      none of these

5.       A certain sum amounts to Rs 5185 in 2 years and Rs 5832 in 3 years. Find the principal?

a.       Rs 4000

b.      Rs 3500

c.       Rs 3891

d.      Rs 3000

e.      none of these

6.       A man wants to earn a monthly interest of Rs 60. If the current rate of interest is 6% per annum, how much money they should invest?

a.       Rs 16000

b.      Rs 12000

c.       Rs 22000

d.      Rs 34000

e.      none of these

7.       In what time will the interest on any sum of money at 10% will be ¼ of the sum?

a.       4 years

b.      3 ½ years

c.       2 ½ years

d.      3 years

e.      none of these

8.       Find the compound interest on Rs 2000 for 2 years at 5% interest.

a.       Rs 200

b.      Rs 210

c.       Rs 205

d.      Rs 215

e.      none of these

9.       Find the amount of Rs 800 at compound interest in 2 ½ years at 5%

a.       Rs 904.05

b.      Rs 805.05

c.       Rs 204.05

d.      Rs 1600.08

e.      none of these

10.   A certain sum in 2 years amounts to Rs 8820 and in three years amounts to Rs 9261. Find the rate of interest.

a.       10%

b.      5%

c.       7 ½ %

d.      2 ½%

e.      none of these

11.   A sum of money placed at compound interest doubles itself in 4 years. In how many years will it amount to eight times itself?

a.       2 years

b.      8 years

c.       10 years

d.      12 years

e.      none of these

12.   The compound interest of a certain sum after two years is Rs 102 and simple interest for two years is Rs 100. The rate of interest will be

a.       3%

b.      4%

c.       5%

d.      6%

e.      none of these

13.   At present the population of a city is 15000. It is increasing by 10% every year. After 3 years the population will be

a.       19000

b.      19995

c.       19965

d.      20000

e.      none of these

14.   The present population of a town is 20000. If it decreases by 10% per year, find out the population after 2 years.

a.       14580

b.      14250

c.       14500

d.      14000

e.      none of these

15.   Find the difference between SI and CI on Rs 4000 for 2 years at 5%.

a.       Rs 10

b.      Rs 15

c.       Rs 20

d.      Rs 25

e.      none of these

Answers