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7
5
2.
3.
4.
5.
6.
No. of Qs. 30
Time : 20 min.
RESPONSE
GRID
1.
6.
11.
c d
c d
c d
2.
7.
12.
c d
c d
c d
(a) ` 11550
(b) ` 12620
(c) ` 10950
(d) ` 11900
(e) ` 13500
The simple interest accrued on an amount of ` 84000 at the
end of 3 yr is ` 30240. What would be the compound interest
accrued on the same amount at the same rate in the same
period ?
(a) ` 30013.95
(b) ` 31013.95
(c) ` 32013.95
(d) ` 33013.95
(e) ` 34013.95
Kruti took a loan at a simple interest rate of 6% in the first
year with an increase of 0.5% in each subsequent year. She
paid interest of ` 3375 after four years. How much loan did
she take ?
(a) ` 12500
(b) ` 33140
(c) ` 15800
(d) Cannot be determined
(e) None of these
The simple interest accrued on an amount of ` 40000 at the
end of three years ` 12000. What would be the compound
interest accrued on the same amount at the same rate in the
same period ?
(a) ` 18765
(b) ` 15350
(c) ` 21555
(d) ` 13240
(e) None of these
Vishwas borrowed a total amount of ` 30000, part of it on
simple interest rate of 12% per annum and remaining on
simple interest rate of 10% per annum. If at the end of 2 yr he
paid in all ` 36480 to settle the loan amount, what was the
amount borrowed at 12% pre annum ?
(a) ` 16000
(b) ` 18000
(c) ` 17500
(d) ` 12000
(e) None of these
The simple interest accrued on an amount of ` 17000 at the
end of four years is ` 6800. What would be the compound
interest accrued on the same amount at the same rate in the
same period ?
(a) ` 7889.7
(b) ` 8324
(c) ` 6990.5
(d) Cannot be determined
(e) None of these
7.
8.
9.
10.
11.
3.
8.
13.
Date : ........./......../................
c d
c d
c d
4.
9.
14.
c d
c d
c d
5.
10.
15.
c d
c d
c d
32
12.
13.
A sum of Rs. 2600 is lent out in two parts in such a way that
the interest on one part at 10% for 5 years is equal to that on
the other part at 9% for 6 years. The sum lent out at 10% is
________ .
(a) 1250
(b) 1350
(c) 1450
(d) 1550
(e) 1650
The simple interest on a sum of money is
1
th of the principal
16
20.
21.
and the number of years is equal to the rate per cent per
annum. The rate per cent annum is ________ .
(a)
1
%
4
1
6 %
3
(b)
(c)
1
6 %
5
22.
1
1
4 %
(e) 7 %
5
7
A sum of money will double itself in 16 years at simple interest
at in yearly rate of ________ .
(d)
14.
1
(b) 11 %
2
1
(a) 13 %
2
15.
16.
17.
18.
19.
(c)
1
10 %
2
23.
1
1
(d) 9 %
(e) 11 %
2
7
At a certain rate of simple interest, a certain sum doubles
itself in 10 years. It will treble itself in years ________ .
(a) 10
(b) 20
(c) 25
(d) 30
(e) 45
The difference between the interest received from two
different banks on ` 500 for 2 years is ` 2.50. The difference
between their rates is _______ .
(a) 1%
(b) 2%
(c) 0.5%
(d) 0.25%
(e) 1.5%
Some amount out of ` 7000 was lent at 6% per annum and
the remaining at 4% per annum. If the total simple interest
from both the fractions in 5 yrs. was ` 1600, find the sum lent
at 6% per annum.
(a) 1500
(b) 2000
(c) 2500
(d) 3000
(e) 5000
A sum of money at simple interest amounts to ` 600 in 4
years and ` 650 in 6 years. Find the rate of interest per annum.
(a) 3%
(b) 5%
(c) 9%
(d) 10%
(e) 15%
Arun and Ramu are friends. Arun borrowed a sum of ` 400 at
5% per annum simple interest from Ramu. He returns the
amount with interest after 2 years. Ramu returns to Arun 2%
of the total amount returned. How much did Arun receive ?
(a) 9
(b) 8.80
(c) 7.5
(d) 7
(e) 10.5
RESPONSE
GRID
16.
21.
26.
31.
c d
c d
c d
c d
17.
22.
27.
32.
c d
c d
c d
c d
24.
25.
26.
27.
28.
18.
23.
28.
33.
c d
c d
c d
c d
19.
24.
29.
34.
c d
c d
c d
c d
20.
25.
30.
35.
c d
c d
c d
c d
33
29.
30.
31.
32.
33.
3
5
(b)
3
2
(c)
3
4
5
9
(e)
2
11
What sum of money at compound interest will amount to
` 2249.52 in 3 years if the rate of interest is 3% for the first
year, 4% for the second year, and 5% for the third year?
(a) 2000
(b) 4000
(c) 3000
(d) 5000
(e) 7000
If the simple interest on a certain sum of money for 3 years at
5% is ` 150, find the corresponding CI.
(a) 197
(b) 157.62
(c) 137.36
(d) 117.17
(e) 127.34
(d)
34.
35.
SOLUTIONS
1.
(d)
P 4 5
100
\ P = 10000
12.4 3
112.4 3
= 27500 1 +
1
- 1 =27500
100
100
2000 =
4
Now, CI = 10000 1 +
- 1 = 10000 0.0816 = 816
100
1120 8.5 3
= 11200 + 2856 = 14056
100
2.
(a)
Amount = 11200 +
3.
(d)
(d)
8730 100
= 48500
Principle =
6 3
4.
= 27500
100 100 100
1420034.624 - 1000000
= 27500
1000000
420034.624
= 27500
1000000
6
Compound Interest = 48500 1 +
- 1
100
(c)
A = P 1 +
100
= 4000
6.
(a)
= 4000 1 +
100
21 21
= ` 4410
20 20
10230 100
S.I 100
=
= 12.4%p.q.
R=
27500 3
PT
t
r
CI = P 1 +
- 1
100
(e)
30240 100
% = 12%
84000 3
12
\ Compound Interest = 84000 1 +
- 1
100
28 3
3
= 84000 1 + - 1 = 84000 - 1
25
25
28 28 28
-25 25 25
= 84000 21952 - 15625
= 84000
25 25 25
15625
34
= 84000
8.
(a)
6327
= ` 34013.95
15625
or, r2 =
x
27 = 3375
100
(d)
12000 100
R=
40000 3
x=
3375 100
= ` 12500
27
15. (d)
It dobles in 10 yrs.
Then trebles in 20 yrs.
Quicker Maths :
16. (d)
17. (b)
or,
48000
= ` 12000
4
r
25 = 600 ; or,
3r 650
1+
50
1+
13. (a)
\
or,
17000 4641
= ` 7889.7
10000
2600
27 = ` 1350
52
19. (b)
S S r r
=
16
100
...(2)
20. (a)
(25 + r ) 2 12
=
50 + 3r
13
(25 + r ) 2 12
=
50 3r
13
A r 6
= 650 ;
100
14641 10000
= 17000
10000
...(1)
3r
or, A 1 + = 650
50
11 111111 10 10 10 10
= 17000
10 10 10 10
A+ r4
= 600 ;
100
Ar
= 600
25
And, A +
11 4
10
C.I. = 17000 1 +
- 1 = 17000 - 1
100
40
12. (b)
or, A 1 + = 600
25
6800 100
= 10%
R=
17000 4
2.5 100
= 0.25%
2 500
3 x + 14,000 - 2 x
= 1600
10
or, A +
11. (a)
x=
x 6 5 (7000 - x ) 4 5
+
= 1600
100
100
Now, A +
24 x 600000 20 x
+
6480 =
100
100
x=
3 x 7000 x
+
= 1600
10
5
31
= 40000
= 40 331 = ` 13240
1000
x 12 2 (30000 x ) 10 2
+
100
100
2.5 100
2 x
11 3
1331 - 1000
= 40000 - 1 = 40000
10
1000
36480 30000 =
or, 500 =
25
1
=6 %
4
4
100(2 - 1)
1
= 12 %
16
2
Rate of interest =
Sum =
r
10
CI = P 1 +
- 1 = 40000 1 +
- 1
100
100
r=
14. (d)
S.I. 100
R = P T = 10%
10. (d)
9.
100
16
400 5 2
= ` 440
100
35
\ Interest =
x-
x 8 4 32 x
=
100
100
32 x 68 x
=
100 100
When interest is
68 x
less, the sum is ` x.
100
21. (a)
1.1025 =
(100 + r )2
10000
25. (c)
4676.25 14500
r
= 1 +
14500
100
19176.25
r
= 1+
14500
100
13225
r
= 1+
10000
100
11529
51529 - 40000
= 7400
= 7400
40000
40000
= 2132.865 = ` 2132.87
T
r
C. I. 1 +
- 1
100
r
4676.25 = 14500 1 + 100 - 1
1.3225 = 1 +
115
r
r
115
= 1+
=
-1
100
100
100 100
r
115 - 100
r
115
=
=
100
100
100 100
r
100
3
n
15
R
C. I. = P 1 +
- 1 = 8000 1 + 100 - 1
100
26. (a)
27
Compound interest = 7400 1 +
- 1
200
227 2
227 227 - 200 200
= 7400
- 1 = 7400
200 200
200
23 23 23 - 20 20 20
= 8000
20 20 20
1414.40 = P [1.1664 1]
1414.40
= ` 8500
0.1664
115 3
23 3
= 8000
- 1 = 8000 - 1
100
20
8
1414.40 = P 1 +
- 1
100
24. (c)
4676.25
r
+ 1 = 1 +
14500
100
r = 15%
r
P
1
+
- 1
\ Compound interest =
100
23. (d)
P=
4676.25
r
= 1 +
-1
14500 100
x
100 340 = ` 500
68x
2
2
594.5
r
r
= 1 +
594.5 = 5800 1 +
- 1 =
-1
100
5800 100
0.1025 + 1 = 1 +
100
22. (b)
8000
(12167 - 8000 ) = ` 4167
8000
r
CI = P 1 +
- 1
100
1.14 2
114 2
= 7850 1 +
- 1 = 7850 100 - 1
100
27. (c)
r
CI = P 1 +
- 1
100
11 4
10
1
10000
- 1
= 10000 1 +
=
100
10
11 11 11 11 - 10 10 10 10
= 10000
10 10 10 10
36
4641
14641 - 1000
= 10000
= 10000 10000 = ` 4641
10000
28. (e)
2
14
R
Required difference = P
= 985 100
100
= 985
29. (a)
33. (b)
196
= 19.306
10000
Then,
x44
5
- 57 = x 1 +
- 1
100
100
{ }
or,
663255 51
=
625000 50
or,
132651 51 51
= =
125000 50 50
t=3
t 3
=
2 2
The general formula for such question is :
4 1261
or, x = 57
25 8000
r
r
r
A = P 1 + 1 1 + 2 1 + 3 ...
100 100 100
1280 - 1261
= 57
or, x
8000
3
4
5
2249.52 = P 1 +
1 +
1 +
57 8000
= ` 24000
\ x=
19
Difference in amounts = 2977.54 2809 = ` 168.54
Now, we see that ` 168.54 is the interest on ` 2809 in one
year (it is either simple or compound interest because both
are the same for a year).
Hence, rate of interest =
168.54 100
= 6%
2809
2809 = x 1 +
100
53
or, 2809 = x
50
\
32. (a)
6632.55 51
=
625000 50
4x
1261
- 57 = x
or,
25
8000
31. (c)
or,
30. (d)
6632.55 = 6250 1 +
100
x=
\ P=
35. (a)
SI =
2809 50 50
= ` 2500
53 53
25
10000 = x 1 +
100
rt
CI
r
r
100 1 +
1
100
150 =
2249.52
= ` 2000
1.03 1.04 1.05
5 3
CI
3
r
100 1 +
- 1
100
9261 - 8000
150 100
8000
CI =
5 3
=
10000 4 4 4
= ` 5120
5 5 5