19/03/2020 Simple and Compound Interest(Study by Topics Junior Class) 19/03/2020 0Comments by Gate Academy Welcome to your Simple and Compound Interest(Study by Topics Junior Class) NAME EMAIL PHONE NUMBER 1. If the difference between the S.I and the C.I for 3 years at 5% per annum is Rs 122 , find the sum 16000 10000 1600 12000 2. A sum of money at S.I amounts to Rs 600 in 4 years and to Rs 650 in 6 years , find the rate % p.a 3% 6% 5% 4% 3. How long will it take for a sum of money to grow from Rs.1250 to Rs.10,000, if it is invested at 12.5% p.a simple interest? 72 years 64 years 8 years 56 years 4. What is the compound interest of a rate of 3.5 % first year, 6.8 second year and 9% the third year. Calculate the amount. None of the above 67,958 36,895 68,900 5. Find the compound interest on N30000 for 2 years at 7% per annum. N8400 N4200 N4347 N6300 N2100 6. Rs. 5887 is divided between Shyam and Ram, such that Shyam's share at the end of 9 years is equal to Ram's share at the end of 11 years, compounded annually at the rate of 5%. Find the share of Shyam None of these 3087 2088 2000 7. Which is for principal? SI×R×T SI×100/R×T None of these Si×100/R×2P 8. Which of these in an opinion about interest? None of the above An interest rate of 20 percent ,compounded monthly, is too high Interest can be compounded yearly, monthly, or even daily Most American banks offer interest rates below 10 percent 9. What will Rs.1500 amount to in three years if it is invested in 20% p.a. compound interest, interest being compounded annually? 2678 2592 2540 2400 10. Calculate the simple interest of an amount of 500, with 3% increase after 4 years? 79,3678 35,357 500754 None of the above 11. A father left a will of Rs.35 lakhs between his two daughters aged 8.5 and 16 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.35 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will? Rs. 21 lakhs Rs. 15 lakhs Rs. 20 lakhs Rs. 17.5 lakhs 12. What annual payment will discharge a debt of Rs 770 due in 5 years , the rate of interest being 5% simple interest per annum 150 120 130 140 13. Find the least number of complete years in which a sum of money put out at 20% C.I will be more than doubled Data Inadequate 4 Yrs 2 Yrs 3 Yrs 14. A man borrows Rs 5000 for a period of 4 years at 10% S.I , with the condition that he will pay back principal plus interest accumulated in 4 years . After 2 years he goes to the bank and repays 50% of the total amount due. At the end of the 4th year what amount should he pay to clear all dues 2500 3500 1500 4500 15. A man invests an amount of Rs 15860 in the names of his three sons in such a way that they get the same amount after 2 ,3 and 4 years respectively. If the rate of simple interest is 5% , then find the ratio in which the amount was invested for A, B and C 284 : 276 : 287 276 : 264 : 253 287 : 345: 123 567 : 876 : 908 16. The difference between the compound interest and the simple interest on a certain sum at 12% p.a. for two years is Rs.90. What will be the value of the amount at the end of 3 years? 8530.80 9000 8780.80 6250 17. A certain sum is interested at compound. The interest accrued in the first two years is Rs 272 and that in the first three years is Rs 434 , find the rate % 13.50% 11.50% 12.50% 10.50% 18. Divide Rs 3903 between A and B , so that A’s share at the end of 7 years may equal B’s share at the end of 9 years , compound interest being at 4% 2030 , 1875 2028 , 1875 2045 , 1860 6865 , 8765 19. Which is the formula for compound interest of six months? None of the above All of the above P×5(1+n) P[1+R/2/100] ^2n 20. How many years will it take to earn N8100 simple interest on N180000 at 9% per annum? ½yr 2yr ¼yr 1yr 1½yrs 1 out of 20 Time is Up! Time's up