8th Class Mental Ability Related to Competitive Exam Question Bank

done Simiple And Compound Interest Total Questions - 40

• question_answer1)
  A man took a loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 as interest. Find the principal amount borrowed by him.
  A)
   Rs. 12000                   done clear
  B)
   Rs. 20000       done clear
  C)
     Rs. 15000               done clear
  D)
     Rs.10500                    done clear
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• question_answer2)
  Mohan borrowed Rs. 30000 for 3 years. He paid simple interest at the rate of 12 % p.a. How much interest did he pay?         
  A)
   Rs. 10800       done clear
  B)
     Rs. 16200       done clear
  C)
     Rs. 12400       done clear
  D)
     Rs. 13326     done clear
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• question_answer3)
  Vani deposited Rs. 10000 in a savings bank account. The bank paid simple interest at the rate of 11% p.a. How much interest did her money earn in 9 months?                          
  A)
   Rs. 750           done clear
  B)
     Rs. 675           done clear
  C)
     Rs. 825           done clear
  D)
     Rs. 430                       done clear
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• question_answer4)
  How long will Rs. 1500 take to yield a simple interest of Rs. 80 at 8% per annum?                                              
  A)
   6 months         done clear
  B)
     7 months         done clear
  C)
     8 months         done clear
  D)
     9 months done clear
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• question_answer5)
  Find the interest and amount on Rs. 1200 at the rate of 4.5% simple interest for 2.5 years.                                    
  A)
   Rs. 200, Rs. 1400     done clear
  B)
         Rs. 135, Rs. 1335     done clear
  C)
        Rs. 175, Rs. 1375     done clear
  D)
                 Rs. 325, Rs.1525                                done clear
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• question_answer6)
  At what rate of simple interest will Rs. 7800 earn Rs. 260 in 8 months
  A)
   2%                  done clear
  B)
     5%                  done clear
  C)
     4%                    done clear
  D)
     3%       done clear
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• question_answer7)
  Murali borrowed Rs. 6750 for a period of 219 days. He was charge simple interest at the rate of 4.5% p.a. How much interest did he pay?
  A)
   Rs. 195.75      done clear
  B)
     Rs. 140.50      done clear
  C)
     Rs. 182.25      done clear
  D)
     Rs. 200.25                  done clear
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• question_answer8)
  What is the principal, if the simple interest at the rate of 12.5% for 2 years is Rs. 400?
  A)
   Rs. 5000         done clear
  B)
     Rs. 2000         done clear
  C)
     Rs. 2500         done clear
  D)
     Rs. 1600 done clear
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• question_answer9)
  What sum of money will amount to Rs. 6525 in 5 years at 9% per annum simple interest?
  A)
   Rs. 8000         done clear
  B)
     Rs. 7500         done clear
  C)
     Rs. 4500         done clear
  D)
     Rs. 5000                     done clear
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• question_answer10)
  Srikanth deposited Rs. 16000 in a bank that paid simple interest at the rate of 8% p.a. How much interest does he earn after 2 years?
  A)
   Rs. 2560         done clear
  B)
     Rs. 2530         done clear
  C)
     Rs. 2540         done clear
  D)
     Rs. 2580                     done clear
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• question_answer11)
  In how many years will the simple interest on Rs. 1600 at the rate of\[5\frac{1}{2}%\]be Rs. 484?
  A)
   \[2\frac{1}{2}\]years done clear
  B)
     \[4\frac{1}{2}\]years done clear
  C)
   \[3\frac{1}{2}\]years done clear
  D)
   \[5\frac{1}{2}\]years done clear
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• question_answer12)
  Asha deposited Rs. 1500 in a savings bank. The bank offered a simple interest rate of 12% p.a. Calculate the amount of money in Asha's account at the end of one year.
  A)
                Rs. 1660         done clear
  B)
     Rs. 1650         done clear
  C)
     Rs. 1690         done clear
  D)
     Rs. 1680 done clear
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• question_answer13)
  If the percentage of rate of interest and the number of years for which an amount has been invested are the same, then the interest \[\frac{9}{25}\] is of the investment. Find the rate of interest.
  A)
                3 %                 done clear
  B)
     5 %                 done clear
  C)
     4 %                 done clear
  D)
     6 % done clear
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• question_answer14)
  The simple interest on a sum of money is \[\frac{4}{9}\]of the principal. Find the rate percent and time, if both are numerically equal.
  A)
               \[2\frac{1}{2}%,\,2\frac{1}{2}\text{Yrs}\]    done clear
  B)
     \[3\frac{1}{3}%,\,3\frac{1}{3}\text{yrs}\] done clear
  C)
     \[6\frac{2}{3}%,\,6\frac{2}{3}\text{yrs}\]   done clear
  D)
     \[4\frac{2}{3}%,\,4\frac{2}{3}\text{yrs}\] done clear
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• question_answer15)
  What is the ratio of simple interest earned by a certain sum at the same rate of interest for 6 years and that for 9 years?    
  A)
                1 :3                 done clear
  B)
     1 :5                 done clear
  C)
     2:3      done clear
  D)
     1 : 2      done clear
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• question_answer16)
  Using the given table, find the value of X.

  Principal	Rate p.a	Time	Amount
  Rs. 30000	12%	9 months	X

  A)
                Rs. 34800       done clear
  B)
     Rs. 36500       done clear
  C)
     Rs. 32700       done clear
  D)
     Rs. 38500 done clear
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• question_answer17)
  A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. Find the sum.
  A)
                Rs. 698           done clear
  B)
     Rs. 428           done clear
  C)
     Rs. 729           done clear
  D)
     Rs. 935 done clear
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• question_answer18)
  Find the amount due and the compound interest on Rs. 6000 for two years at 9% per annum.
  A)
   Rs. 6375.50, Rs. 1375.50     done clear
  B)
   Rs. 7125.40, Rs. 1125.40 done clear
  C)
   Rs. 7520.75, Rs. 1520.75     done clear
  D)
   Rs. 7128.60, Rs.1128.60 done clear
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• question_answer19)
  The compound interest after 3 years at a rate of 10% is Rs. 331. Find the principal.
  A)
                Rs. 5000         done clear
  B)
     Rs. 2000         done clear
  C)
     Rs. 1000         done clear
  D)
     Rs. 3000 done clear
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• question_answer20)
  Find the compound interest on Rs. 16000 at the rate of 5% for three years.
  A)
                Rs. 3511         done clear
  B)
     Rs. 2522         done clear
  C)
     Rs. 1733         done clear
  D)
     Rs. 4566 done clear
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• question_answer21)
  If the amount on Rs. 6400 after two years is Rs. 7396, find the rate of compound interest.
  A)
                5.5%               done clear
  B)
     4.5%               done clear
  C)
     6.5%               done clear
  D)
     7.5% done clear
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• question_answer22)
  Find the C.I. on Rs. 8000 for one year at 6% per annum compounds half-yearly.
  A)
                Rs. 487.20      done clear
  B)
     Rs. 383.10      done clear
  C)
     Rs. 528.30      done clear
  D)
     Rs. 624.40 done clear
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• question_answer23)
  The compound interest on Rs. 30000 at 7% per annum is Rs. 4347. Find the period in years.
  A)
                1                     done clear
  B)
     2                     done clear
  C)
     3                     done clear
  D)
     4 done clear
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• question_answer24)
  If the compound interest at the rate of \[7\frac{1}{2}%\] for 2 years is Rs. 996, find the principal.
  A)
                Rs. 6400         done clear
  B)
     Rs. 7500         done clear
  C)
     Rs. 5000         done clear
  D)
     Rs. 4800 done clear
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• question_answer25)
  If the amount after 3 years at the rate of 5% compound interest is Rs. 9261, what is the principal?
  A)
                Rs. 8000         done clear
  B)
     Rs. 5000         done clear
  C)
     Rs. 6000         done clear
  D)
     Rs. 4000 done clear
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• question_answer26)
  Find the principal that amounts to Rs. 4624 at 6, p.a. compound interest in 2 years.
  A)
                Rs. 4025         done clear
  B)
     Rs. 4096         done clear
  C)
     Rs. 4060         done clear
  D)
     Rs. 4010 done clear
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• question_answer27)
  Find the principal which yields a C.I. of Rs. 1230 in 2 years at 5% p.a.
  A)
                Rs. 15000       done clear
  B)
     Rs. 12000       done clear
  C)
     Rs. 20000       done clear
  D)
     Rs. 16000 done clear
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• question_answer28)
  In how many years will the amount on Rs. 2500, at the rate of 8 % compound interest be Rs. 2916?
  A)
                2 yrs                done clear
  B)
     3 yrs                done clear
  C)
     3 yrs                done clear
  D)
     5 yrs done clear
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• question_answer29)
  What is the difference between simple and compound interests on a sum of Rs. 1000, at 10% per annum after 4 years?
  A)
                Rs. 54.50        done clear
  B)
     Rs. 75.50        done clear
  C)
     Rs.  64.10       done clear
  D)
     Rs. 60.60 done clear
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• question_answer30)
  The difference between compound interest and simple interests on an amount of Rs. 15000 for 2 years is Rs. 96. What is the rate of interest per annum?
  A)
                9 %                 done clear
  B)
     8 %                 done clear
  C)
     7 %                 done clear
  D)
     6 % done clear
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• question_answer31)
  What is the compound interest on Rs. 8000 at 20% per annum for 9 months compounded quarterly?
  A)
   Rs. 1251         done clear
  B)
     Rs. 1261         done clear
  C)
     Rs. 1271         done clear
  D)
     Rs. 1281 done clear
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• question_answer32)
  Sundar invested an amount of Rs. 10000 for 3 years at the rate of 10 percent per annum compounded annually. How much will he get after 3 years?          
  A)
                Rs. 12340       done clear
  B)
     Rs. 13210       done clear
  C)
     Rs. 13320       done clear
  D)
     Rs. 13310 done clear
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• question_answer33)
  A sum of money becomes \[\frac{41}{40}\] of itself in \[\frac{1}{4}\] year at a certain rate of simple interest. Find the rate of interest per annum.
  A)
                10%                done clear
  B)
     3%                  done clear
  C)
     2.5%               done clear
  D)
     5% done clear
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• question_answer34)
  A sum fetched a simple interest of Rs. 4016.25 at the rate of 9 % p.a. in 5 years. What is the sum?
  A)
                Rs. 4462.50            done clear
  B)
                 Rs. 8032.50    done clear
  C)
     Rs. 8925                  done clear
  D)
     Rs. 5425.50 done clear
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• question_answer35)
  What is the difference between S.I. and C.I. on a sum of Rs. 4000 at 5% p.a for two years?
  A)
                Rs. 10             done clear
  B)
     Rs. 15             done clear
  C)
     Rs. 5               done clear
  D)
     Rs. 20 done clear
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• question_answer36)
  A sum of Rs. 12500 amounts to Rs. 15500 in 4 years at simple interest. What is the rate of interest?
  A)
                7%                  done clear
  B)
     4%                  done clear
  C)
     5%                  done clear
  D)
     6% done clear
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• question_answer37)
  The C.I. on a certain sum for 2 years is Rs. 410 and S.I. is Rs. 400. Find the rate of interest per annum.
  A)
                10%                done clear
  B)
     8%                  done clear
  C)
     5%                  done clear
  D)
     4% done clear
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• question_answer38)
  In what time will Rs. 1000 become Rs. 1331 at 10% per annum compounded annually?
  A)
                3 years            done clear
  B)
     4 years            done clear
  C)
     5 years            done clear
  D)
     6 years done clear
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• question_answer39)
  If the annual rate of simple interest increases from 10% to \[12\frac{1}{2}%,\]a man's yearly income increases by Rs. 1250. Find the principal.
  A)
                Rs. 45000       done clear
  B)
     Rs. 50000       done clear
  C)
     Rs. 60000       done clear
  D)
     Rs. 65000 done clear
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• question_answer40)
  The difference in S.I. and C.I. on a certain sum of money for 2 years at 15% p.a. is Rs. 144. Find the sum.
  A)
                Rs. 6000         done clear
  B)
     Rs. 6200         done clear
  C)
     Rs. 6300         done clear
  D)
     Rs. 6400     done clear
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