Simple Interest and Compound Interest

SIMPLE INTEREST AND COMPOUND INTEREST

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Find the the simple simple interest on Rs 6240 at 6 /3% p.a. for the period from Dec 28, 2007 to May 22, 2008. Also find the amount. a) Rs 166.40, Rs 6406.40 b) Rs 176.30, Rs 5670.90 c) Rs 160.40, Rs 7861.80 d) Rs 144.78, Rs 5780.72 1 In what time will the simple simple interest on Rs 9540 be Rs 3339 at 10 /2% per annum? a) 3 years 4 months b) 3 years only c) 3 years 2 months d) 3 years 6 months 3 In how much time will Rs 1200 1200 amount amount to to Rs 1726.50 at 9 /4% p.a. simple interest? 1 1 2 1 a) 4 /2 years b) 6 /4 years c) 7 /5 years d) 3 /8 years 1 3 In what time will will the simple interest on a certain sum of of money at 7 /2% p.a. be /8 of itself? a) 8 years b) 6 years c) 5 years d) Insufficient Insufficient Data At what rate per cent cent p.a. will be Rs 1620 amount to Rs 1962 in 3 years 2 months? a) 6.60% b) 5.67% c) 4.99% d) 3.67% 4 Simple interest on a certain sum is /9 of the sum. Find the rate per cent and the time if both are numerically equal. a) 6 years 8 months b) 3 years 5 months c) 7 years 9 months d) Cannot be determined 2 What sum will amount amount to Rs 5556 in 2 years 4 months months at 6 /4% p.a. simple interest? a) Rs 4789 b) Rs 8768 c) Rs 6754 d) Rs 4800 A certain sum amounts to Rs 5916 in 3 years years and to Rs 6960 in 5 years at simple interest. interest. Find the the sum and the rate per cent per annum. a) 16% p.a. b) 24% p.a. c) 10% p.a. d) 12% p.a. The simple interest on a certain sum for 15 months at 7.5% p.a. exceeds the simple simple interest on the same sum sum for 18 months at 12.5% p.a. by Rs 32.50. Find the sum. a) Rs 3120 b) Rs 4332 c) Rs 2345 d) Rs 4567 Divide Rs 8000 into two parts such such that if one part be lent at 7.5% p.a. for for 2 years and the other part at 8% p.a. for 3 years, the total interest received is 1416. a) Rs 1200 b) Rs 2309 c) Rs 2400 d) Rs 3200 A sum doubles in 20 years at simple simple interest. How much is the rate? a) 5% p.a. b) 4% p.a. c) 3% p.a. d) None of these A Sum of Rs 5984 becomes Rs 8976 8976 in 6 years at SI. What is the rate? a) 12% p.a. b) 8.33% p.a. c) 4.56% p.a. d) 5.34% p.a. A certain sum of money becomes becomes Rs 1250 in a span of 5 years at simple simple and further to Rs 1700 in the span of 8 years. At the same rate, what would it amount to at the end of 1 2 years? a) Rs 2250 b) Rs 3492 c) Rs 2050 d) Rs 2300 Find the amount and the compound interest interest on Rs 8000 at 5% p.a., for 2 years, compounded compounded annually a) Rs 8820, Rs 820 b) Rs 7856, Rs 760 c) Rs 8778, Rs 789 d) Rs 7890, Rs 678 What is the difference between between the CI and SI on a sum of Rs 1600 at 5% p.a. for period of 2 years? a) Rs 8 b) Rs 4 c) Cannot be determined d) None of these What is the difference between between the compound interest and the simple interest interest on a capital of Rs 16000 at the rate rate of  15% p.a. for a period of 2 years? a) Rs 360 b) Rs 170 c) Rs 670 d) Rs 780 The difference between the compound compound interest and simple interest interest on a certain sum at 5% for for 2 years is Rs 1.50. the sum is : a) Rs 600 b) Rs 560 c) Rs 670 d) Data Insufficient Exchange rate of dollar Vs rupee increases increases at the rate of 5% per month. If If the current is Rs 40 per dollar, what will be be the rate at the end of 2 months? a) Rs. 45 b) Rs 44.1 c) Rs 34.6 d) Rs 45.6 A sum of money doubles itself itself in 4 years at compound interest. interest. It will amount to 8 times times itself at the same same rate of  interest in a) 18 years b) 14 years c) 12 years d) 11 years The rate of interest at which an amount of Rs 1800 on compound interest becomes becomes Rs 1984.50 in 2 years is: is: a) 3% b) 4% c) 5% d) 7%