# Interest

## Trending Questions

**Q.**

Question 14

The interest on Rs. 30000 for 3 yr at the rate of 15 % per annum is

(a) Rs. 4500

(b) Rs. 9000

(c) Rs. 18000

(d) Rs. 13500

**Q.**

Interest on Rs. 12000 for 1 month at the rate of 10% per annum is

(a) Rs. 1200

(b) Rs. 600

(c) Rs. 100

(d) Rs. 12100

**Q.**What is the compound interest on ₹5000, if the amount is given for 3 years at the rate of interest of 10% compounded annually.

- ₹ 1655
- ₹ 6655
- ₹ 1450
- ₹ 6450

**Q.**

Question 132

₹ 9000 becomes ₹ 18000 at simple interest in 8 yr. Find the rate per cent per annum.

**Q.**Find the principal amount if the simple interest on the sum is Rs. 4016.25 at the rate of 9% per annum for

(a) 5 years

(b) 2 years

(c) 3 years

- Rs. 14875
- Rs. 8925
- Rs. 15765
- Rs. 22312.5

**Q.**two equal sums were lent out at 7% and 5% interest respectively.the interests earned on two loans add up to Rs.960 for 4 yrs.find the total sum lent out

**Q.**

Question 131

Divide ₹ 10000 in two parts, so that the simple interest on the first part for 4 yr at 12% per annum may be equal to the simple interest on the second part for 4.5 yr at 16% per annum.

**Q.**

A sum of money becomes 43 of itself in 6 years at a certain rate of simple interest find the rate of interest.

**Q.**

Question 15

Amount received on Rs. 3000 for 2 yr at the rate of 11 % per annum is

(a) Rs. 2340

(b) Rs. 3660

(c) Rs. 4320

(d) Rs. 3330

**Q.**

Interest is the extra money paid by the borrower to the lender. Say true or false.

True

False

**Q.**8000 is borrowed at 4 interest for annual for 2 years what will be the amount payable at the end of 2 years

**Q.**

Find the interest on Rs. 1000 at 7% per month for 6 months.

Rs. 380

Rs. 390

Rs. 430

Rs. 420

**Q.**

Question 133

In how many years, will the simple interest on a certain sum be 4.05 times the principal at 13.5% per annum ?

**Q.**

A sum of money amounts to Rs. 11910.16 in 1.5 years at 12% per annum interest being compounded semi annually. Find the sum.

**Q.**

On what sum of money will the difference between simple interest and compound interest for 2 years at 10 % per annum be ₹ 27

₹ 2700

₹ 2000

₹ 1800

₹ 2500

**Q.**

Calculate the simple interest on $Rs10,000$ for $5years6months$ at a rate of interest of $4\%$ p.a.

**Q.**

Question 125

A memorial trust donates ₹ 500000 to a school, the interest on which is to be used for awarding 3 scholarships to students obtaining first three positions in the school examination every year. If the donation earns an interest of 12% per annum and the values of the second and third scholarships are ₹ 20000 and ₹ 15000 respectively, then find out the value of the first scholarship.

**Q.**

The compound interest on $Rs8,000$ for one year at $16\%$p.a. compounded half yearly is ______, given that${(1.08)}^{2}=1.1664.$

**Q.**A and B entered into partnership on 1st April, 2017 without any Partnership Deed. They introduced capitals of Rs.5, 00, 000 and Rs.3, 00, 000 respectively. On 31st October, 2017, A advanced Rs.2, 00, 000 by way of loan to the firm without any agreement as to interest. The Profit and Loss Account for the year ended 31st March, 2018 showed a profit of Rs.4, 30, 000, but the partners could not agree upon the amount of interest on loan to be charged and the basis of division of profits.

Pass a Journal entry for distribution of the profit between the partners and prepare Capital Accounts of both the partners and Loan Account of A.

**Q.**

Question 49

In questions 24 to 59, fill in the blanks to make the statements true.

Interest on Rs. 12500 at 18 % per annum for a period of 2 yr and 4 months is

**Q.**

I bought 100 laptops Rs. 20000 each and had it transported to my retail store for Rs. 75000. What is my selling price per laptop if I make a profit of 5%?

**Q.**Mr. Thomas invested an amount of Rs. 13, 900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?

- Rs.6400
- Rs.6500
- Rs.7500
- None of these

**Q.**The difference between compound interest and simple interest on an amount of Rs. 15, 000 for 2 years is Rs. 96. What is the rate of interest per annum?

- 8
- 10
- 12
- Cannot be determined
- None of these

**Q.**

What is the compound interest on a sum of ₹6000 for a time period of 3 years at the rate of 15% per annum?

₹3000.5

₹3125.25

₹3100.25

₹3150.75

**Q.**

Question 63

State weather the given statement is true or false.

The interest on ₹ 350 at 5% per annum for 73 days is ₹ 35.

**Q.**

Question 47

In questions 24 to 59, fill in the blanks to make the statements true.

Interest on Rs. 3000 at 10 % per annum for a period of 3 yr is

**Q.**Compound interest is always lesser than simple interest when calculated on the same principal, time period and rate of interest.

- False
- True

**Q.**

Question 64

In questions 60 to 79, state whether the statements are True or False.

The simple interest on a sum of Rs. P for T yr at R % per annum is given by the formula

Simple Interest =T×P×R100

**Q.**

Question 48

In questions 24 to 59, fill in the blanks to make the statements true.

Amount obtained by depositing Rs. 20000 at 8 % per annum for six months, is

**Q.**

Mr. Thomas invested an amount of Rs. 13, 900 divided into two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in scheme B?

Rs.6400

Rs.6409

Rs.5409

Rs.5400