Practice Test

Q1) In how many months will Rs. 4000 double at 15% P.A ? Show Answer

Q2) Find the principal which amounts to Rs. 1700 at 16% p.a. Simple interest in 10 months Show Answer

Q3) A person borrowed Rs. 500 at the rate of 5% per annum S.I. What amount will he pay to clear the debt after 4 years. Show Answer

Q4) If Anil lends Rs. 3500 to Bhushan at 10% p.a and Bhushan lends the same sum to Sushil at 11.5% p.a then the gain of Bhushan (in Rs.) in a period of 3 years is : Show Answer

Q5) Ramesh took a loan for 12 years at the rate 5% p.a. S.I. If the total interest paid was Rs.1200 the Principal was Show Answer

Q6) Determined the compound interest on Rs. 12,000 at 10% p.a. for 24 months compounded half yearly. Show Answer

Q7) The rate at which Rs. 64 will amount to Rs. 125 in 3 years at compound interest will be Show Answer

Q8) The rate of simple interest by which a given amount of money is doubled in 15 years is Show Answer

Q9) The compound interest on a certain sum at 5% for 2 years is Rs. 328. The simple interest for that sum at the same rate and for the same period will be Show Answer

Q10) If the difference between simple interest and compound interest on a certain sum of money for 3 years at 10% per annum is Rs. 15.50. The sum is Show Answer

Q11) The interest for one rupee per month is 1 paisa . What is the rate of interest ? Show Answer

Q12) Two partners Hemant and Akhilesh jointly lent Rs. 1682 at 5% per annum at compound interest payable annually. 3 years after Hemant gets the same amount as Akhilesh gets after 5 years. The investments of Hemant and Akhilesh respectively are Show Answer

Q13) Manish gave some money at simple Interest. At the end of 10 years Manish got back twice the original sum. What was the rate of interest per annum ? Show Answer

Q14) If a sum of money at simple interest doubles in 6 years, it will become 3 times in Show Answer

Q15) A sum of money at compound interest amounts to Rs. 5290 in 2 years and to Rs. 6083.50 in 3 years . The rate of interest per annum is Show Answer

Q16) The compound interest on a certain sum of money for 2 years is Rs. 52 and the simple interest for two years at the same rate is Rs. 50. The rate percent Show Answer

Q17) The difference between the interest received from two different banks on Rs. 500 for 2 years, is Rs. 2.50. The difference between their rate is Show Answer

Q18) Rs. 1000 amounts to Rs. 1200 in 3 years at simple interest. If the interest rate is increased by 3%. It would amount to how much ? Show Answer

Q19) Two equal sums of money were lent out at 8% and 12% simple interest respectively. The interest earned out of two loans adds upto Rs. 1500 for 5 years. Find the total sum lent out. Show Answer

Q20) Find the compound interest on Rs. 20000 at 20% p.a. for 12 months, compounded quartely. Show Answer

Q21) Find the simple interest on Rs. 500 for 8 months at 2 paise per rupees per month Show Answer

Q22) Anil gave the Rs. 600 to Bhavin for 2 years, and Rs. 150 to Chetan for 4 years and received altogether from both Rs. 90 as interest. Fin the rate percent Show Answer

Q23) If the compound interest on a certain sum for 2 years at 20% per annum is Rs. 2000 the simple interest on it at the same for 2 years will be Show Answer

Q24) Avinash borrowed Rs. 5000 from Suresh at simple interest. After 5 years Suresh got Rs. 500 more than what he had given to Avinash. What was the rate of interest per annum ?
Show Answer

Q25) In how many months Rs. 2000 will be doubled at 12% p.a ? Show Answer

Q26) Find the principal which amounts to Rs. 1200 at 16% p.a simple interest in 15 months. Show Answer

Q27) Determine the compound interest on Rs. 10,000 at 10% p.a for 18 months.
(i) compound yearly
(ii) compound half yearly Show Answer

Q28) A certain sum of money amounts to Rs. 1008 in 2 years and to Rs. 1164 in 3 (1/2) years. Find the sum and the rate of interest Show Answer

Q29) A sum was put at simple interest at a certain rate for 3 years. Had it been put at 2% higher rate, it would have fetched Rs. 420 more. Find the sum. Show Answer

Q30) Rs. 800 amounts to Rs. 920 in 3 years at simple interest. If the interest rate is increased by 3%, it would amount to how much ? Show Answer

Q31) Two equal sums of money were lent out at 7% and 5% simple interest respectively. The interest earned out of the two loans adds up to Rs. 1440 for 4 years. Find the total sum lent out. Show Answer

Q32) Find compound interest on 2000 Rs. at 12% p.a for 1 year, compounded half yearly ? Show Answer

Q33) The difference between simple interest and the compound interest on a certain sum of money for 3 years at 10% per annum is 62Rs. Find the sum ? Show Answer

Q34) The difference between the second and third years interest on a certain sum at 5% Cl is Rs.10.5. Determine the sum. Show Answer

Q35) T lent Rs. 600 to B for 2 years, and Rs. 150 to C for 4 years and received altogether from both of them Rs. 90 as interest. Find the rate percent ? Show Answer

Q36) If a sum of money doubles in 7 years, it becomes 5 times in how many years ? Show Answer

Q37) Two customers borrowed the same amount of money, one on a compound interest and other on a simple interest. If after 2 years the interest payable by one was Rs. 200 and by the other was Rs. 220. What was the principal lent to each of them. Show Answer

Q38) Find the compound interest on Rs. 16000 at 20% p.a for 9 months, compound quarterly. Show Answer

Q39) A sum of money doubles itself at compound interest in 15 years. In how many years will it become eight time ? Show Answer

Q40) Amount A becomes Xtimes the principal P at R% p.a rate in N years.
A : R x N
B : 100 x Show Answer

Q41) A : Interest of 5000 at 5(1/2)% for 3 years
B : Rs. 1000 Show Answer

Q42) A sum becomes 4 times in 30 years at simple interest.
A : No. of years when sum becomes 2 times
B : 15 Show Answer

Q43) A sum becomes 4 times in 30 years at compound interest
A : No. of years when sum becomes 2 times
B : 20 Show Answer

Q44) Annual payment of 'a' Rs. will discharge a debt of Rs. 50440 due in 3 years at 5% p.a compounded annually.
A : a
B : 18000 Show Answer

Q45) A : Interest on 10000 for 10 years.
B : Interest on 5000 for 20 years. Show Answer

Q46) A : Compound interest on Rs. 4000 for 1(1/2) years at 10% compound half yearly
B : Rs. 630.50 Show Answer

Q47) A : S.I interest on 4000 Rs. at 10% rate p.a for one year.
B : C.I interest on Rs. 3999 at 10% rate p.a for one year compounded yearly. Show Answer

Q48) A certain amount of money gives an interest of Rs. 10,960 by simple interest at the end of 8 years at the rate of 20% per annum. Find out that money. Show Answer

Q49) Anand got a simple interest of Rs. 5400 on Rs. 15000 at the end of three years from a bank. Find the rate of interest per annum. Show Answer

Q50) Rs. 2400 is deposited in a bank. At the end of 4 years the amount becomes 2880 by simple interest. If the rate of interest is increased by 3% per annum, what will be the amount in the same period ? Show Answer

Q51) The population of a certain village increase by 5% per annum. If its current population (of this year) is 4200, then what was its previous year's population. Show Answer

Q52) The simple interest on Rs. 6000 at the end of 4 years is Rs. 1920. What is the rate of interest percent per year ? Show Answer

Q53) A sum of Rs. 25000 was lent by Mahesh for 2 years. At the end of 2 years he paid Rs. 31,000. Calculate his rate of interest per annum. Show Answer

Q54) The sum of Rs.8630 gives a simple interest of Rs. 1553.40 at the end of 3 yrs. What is the rate of interest percent per annum ? Show Answer

Q55) What is the rate of simple interest p.c.p.a Rs. 6500 at the end of 5 years, If the simple interest is Rs. 1787.50 ? Show Answer

Q56) What is the period in years in which Rs. 700 gives simple interest of Rs. 525 at the rate of 12.5 percent per annum ? Show Answer

Q57) Gangaram invested Rs. 50,000 in a bank at the rate of 9% by compound interest for 3 years. How many Gangaram will receive interest at the end of period ? Show Answer

Q58) A certain amount of money was deposited in a Plan which amounts to Rs. 11664 at compounded interest at the rate of 8% per annum for two years. Find how much money was deposited in the Plan. Show Answer

Q59) What is the compound interest on Rs. 12,000 in two years at the rate of 10% per annum? Show Answer

Q60) What is the compound interest on Rs. 1000 at the rat of 10 percent per annum for the period of 5 years ? Show Answer

Q61) Himatlal invested Rs. 18000 in a scheme at the rate of 10 percent per annum for three years. What amount will he get after the period with compound interest ? Show Answer

Q62) On a certain money the difference between the compound interest and the simple interest of two years at the rate of 8 percent per annum is Rs. 128, what is the principal ? Show Answer

Q63) What is compound interest on Rs. 4800 at the rate of 6 percent per annum at the end of 2 years ? Show Answer

Q64) Rs. 16000 were lent by Navin Salunke from a bank at the rate of 10 percent per annum for 1 (1/2) years by compound interest. Bank charges interest half yearly. What amount should he pay to become free from lend ? Show Answer

Q65) A certain amount of money is deposited in a bank gets doubled in 6 years and 8 months period by simple interest. What is the rate of interest per annum ?
Show Answer

Q66) Ramesh invested some of his money in two different schemes at the rate of 16% per annum and 19% per annum respectively. His investment in B scheme is 210% of scheme A. After one year he got total interest of Rs. 5031. How much money is invested in B scheme ?
Show Answer

Q67) A certain principal amounts to Rs. 708.75 as simple interest in 10 years at the rate of 12.5 percent per annum. What is that principal ?
Show Answer

Q68) What is the compound interest on Rs. 1000 at the rate of 15% per annum for 3 years ?
Show Answer

Q69) What is the compound interest on Rs. 1000 at the rate of 20% per annum for three years ?
Show Answer

Q70) What will the simple interest be obtained at Rs.5580 is 5 years at the rate of 6.5% per annum ? Show Answer

Q71) Mrs. Mamata deposits a sum of Rs. 17,800. She gets an amount of Rs. 31,684 at the end of 6 years. What is rate of interest per annum ? Show Answer

Q72) How much can compound interest be obtained for Rs. 4,500 at the rate of 4% at the end of 2 years ? Show Answer

Q73) What is the compound interest accured on an amount of Rs. 12,000/-, at the rate of 10 p.c.p.a. at the end of 3 years ? Show Answer

Q74) The simple interest accrued on an amount of Rs. 9,530/- at the end of 6 years Rs.2,859/-. What is the rate of interest p.c.p.a ? Show Answer

Q75) Mr. Madhur deposits an amount of Rs. 58,750/- to obtain a simple interest at the rate of 12 p.c.p.a for 4 years. What total amount will Mr. Madhur get at the end of 4 years ? Show Answer

Q76) The simple interest accrued on an amount of Rs. 10,530/- at the end of 5 years is Rs. 6,318/-. What is the rate of interest p.c.p.a. ? Show Answer

Q77) What is the compound interest accrued on an amount of Rs. 15,000/-, at the rate of 11 p.c.p.a at the end of 3 years ? Show Answer

Q78) Mr. Vijay deposits an amount of Rs. 45,500/- to obtain a simple interest at the rate of 11 p.c.p.a for 3 years. What total amount will Mr. Vijay get at the end of 3 years ? Show Answer

Q79) The simple interest accrued on an amount of Rs. 12,450/- at the end of 6 years is Rs. 8,964/-. What is the rate of interest p.c.p.a ? Show Answer

Q80) Mr. Anisha deposits an amount of Rs. 35,000/- to obtain a simple interest at the rate of 15 p.c.p.c for 4 years. What total amount will Ms. Anisha get at the end of 4 years ? Show Answer

Q81) What is the compound interest accrued on an amount of Rs. 12,000/-, at the rate of 9 p.c.p.a at the end of 2 years ? Show Answer

Q82) What approximate amount of compound interest can be obtained on an amount of Rs. 9,650/- at the rate of 6 p.c.p.a at the end of 3 years ? Show Answer

Q83) What is the compound interest accrued on an amount of Rs. 8,500/- in two years @interest 10 p.c.p.a ? Show Answer

Q84) Amount of simple interest accrued on an amount of Rs. 28,500/- in seven years is Rs.23,940/-. What is the rate of interest p.c.p.c ? Show Answer

Q85) Mr. Sharma invested an amount of Rs. 25,000/- in fixed deposit @ compound interest 8 p.c.p.a for two years. What amount Mr. Sharma will get on maturity ? Show Answer

Q86) Simple interest accrued on an amount in eight years @ 11 p.c.p.a is Rs. 57,200/-. What is the principal amount ? Show Answer

Q87) An amount of Rs. 45,000/- becomes Rs. 77,400/- on simple interest in eight years. What is the rate of interest p.c.p.a ? Show Answer

Q88) What is the compound interest accrued on an amount of Rs. 25,000/- in two years @ 12 p.c.p.a ? Show Answer

Q89) What is compound interest accrued on an amount of Rs. 45,000/- in two years @ 9 p.c.p.a ? Show Answer

Q90) Simple interest accrued on an amount in 8 years @ 12 p.c.p.a is Rs. 5,520/-. What is the principal amount ? Show Answer

Q91) A sum of money fetches Rs. 408/- as compound interest at the rate of 4 p.c.p.a.at the end of two years. What is the sum ? Show Answer

Q92) What will be the difference between the compound interest and simple interest at the rate of 5 p.c.p.a on an amount of Rs. 4,000/- at the end of two years ? Show Answer

Q93) Mr. Nair's monthly salary is Rs. 22,500/-. He took a loan of Rs. 30,000/- on simple interest for 3 years at the rate of 5 p.c.p.a. The amount that he will be paying as simple interest in 3 years is what percent of his monthly salary ? Show Answer

Q94) How much will be the compound interest to be paid on a principle amount of Rs. 53,000/- after 2 years at the rate of 4 p.c.p.a ? Show Answer

Q95) Saurabh invested a sum of Rs.16,840 for 5 years at the rate of 6% per annum. What amount will he get together with the simple interest at the said rate after 5 years ? Show Answer

Q96) Deepa invested a sum of Rs.9,450 for 3 years at the rate of 5% per annum. What compound interest will she get after the period of 3 years ? Show Answer

Q97) What will the simple interest of Rs.4050 be at the rate of 8% per annum in 2 years ? Show Answer

Q98) Ms. Suchi deposits an amount of Rs. 24,000 to obtain a simple interest at the rate of 14 p.c.p.a for 8 years. What total amount will Ms. Suchi get at the end of 8 years ? Show Answer

Q99) What will the compound interest be on a sum of Rs. 5,000 for 2 years at the rate of 8% per annum ? Show Answer

Q100) What will the simple interest be on a sum of Rs.450 for two years, if Rs.0.40 is obtained as the simple interest on Rs.1 for 4 years at the same rate ? Show Answer

Q101) If the difference between simple interest and compound interest for two years at the rate five percent per annum is Rs.16, find the Principal. Show Answer

Q102) What amount of compound interest can be obtained on an amount of Rs.8,840/- at the rate of 5 p.c.p.a at the end of 3 years ? Show Answer

Q103) How much will be the compound interest to be paid on a principle amount of Rs.85,000/- after 3 years at the rate of 6 p.c.p.a ? Show Answer

Q104) Mr. Khanna took a loan of Rs. 10,000/- on simple interest for two years at the rate 3 p.c.p.a. The total amount that he will be paying as interest in 2 years is 3% of his monthly salary . What is his monthly salary ? Show Answer