Calculating CI

Q.

What does $6$ percent per annum mean?

Q.

Find the compound interest on ₹ 10000 in 3 years, if the rate of interest for the successive years are 10%, 15%, and 20% respectively.

1. ₹ 5280

2. ₹ 5120

3. ₹ 5180

4. ₹ 5240

Q. The formula used for calculating depreciation is ____

1. same
2. different
3. distinct
4. unlike

Q. Kamala borrowed Rs 26400 from a bank to buy a scooter at a rate of 15% interest p.a. compounded yearly. What amount will she pay at the end of 2 years and 4 months to clear the loan?

Q. Sameerrao has taken a loan of ₹12500 at a rate of 12 p.c.p.a. for 3 years. If the interest is compounded annually then how many rupees should he pay to clear his loan?

Q.

A machinery worth $₹10,500$ depreciated by $5\%$ . Find its value after one year.

Q. The difference between the compound interest and simple interest on a certain sum of money at 20/3% per annum for three years is ₹46. Find the sum.

Q. Find the compound interest if the amount of a certain principal after two years is ₹4036.80 at the rate of 16 p.c.p.a.

Q.

What sum of money will amount to ₹3630 in 2 years at 10 % per annum compound interest?

1. ₹3200

2. ₹3500

3. ₹3000

4. ₹2500

Q.

Govind borrow ₹18000 at 10% simple interest he immediately invests the money borrowed at 10% compound interest compounded half yearly how much money does govind gain in one year?

Q. A loan of ₹15000 was taken on compound interest. If the rate of compound interest s 12 p.c.p.a. find the amount to settle the loan after 3 years.

Q. A principal amounts to ₹13924 in 2 years by compound interest at 18 p.c.p.a. Find the principal.

Q. In how many years ₹700 will amount to ₹847 at a compound interest rate of 10 p.c.p.a.

Q.

Find the amount on ₹ 40, 000 in 2 years, when the rates of interest for two successive years are 14 % and 12 % successively.

1. ₹ 55, 064

2. ₹ 53, 082

3. ₹ 54, 042

4. ₹ 51, 072

Q. Find the amount and the compound interest.

No.	Principal (₹)	Rate (p.c.p.a.)	Duration (Years)
1	2000	5	2
2	5000	8	3
3	4000	7.5	2

Q.

State whether the given statement is true or false.
The difference between compound interest and simple interest on an amount of Rs. 15, 000 for 2 years is Rs. 96. The rate of interest per annum is 8%.

1. 

2. 

Q. The value of a flat worth ₹5, 00, 000 is depreciating at the rate of $10\%$ per annum. In how many years will its value be reduced to ₹3, 64, 500?

Q.

Find the amount in ₹10800 for 3 years at $12\frac{1}{2}\%$ per annum compounded annually( with process)

Q.

Find the amount on ₹ 30, 000 in 2 years , when the rates of interest for two successive years are 10 % and 12 % successively

1. ₹ 36, 960

2. ₹ 35, 960

3. ₹ 30, 960

4. ₹ 36, 690

Q.

Find compound interest on ₹ 10, 000 at 15$\%$ per annum for 2 years 4 months, compounded annually.

1. ₹ 4025.25

2. ₹ 3426.25

3. ₹ 3886.25

4. ₹ 3286.25

Q. Find the compound interest paid when a sum of ₹ 10000 is invested for 1 year and 3 months at 8½% p.a compounded annually.

Q.

The simple interest on a certain sum of money for 3 years at 5% per annum is ₹ 6000. Find the amount due and the sum of money.

1. (i) ₹ 66, 000 (ii) ₹ 6000

2. (i) ₹ 60, 000 (ii) ₹ 6000

3. (i) ₹ 40, 000 (ii) ₹ 46, 000

4. (i) ₹ 50, 000 (ii) ₹ 56, 000

Q. The value of a car, bought for ₹4, 40, 000 depreciates each year by 10% of its value at the beginning of that year. So, its value becomes ₹3, 08, 000 after three years.

Q.

If the simple interest for a certain investment is Rs 240 for the first year, then find the compound interest for the same.

1. Rs 340

2. Rs 120

3. Rs 480

4. Rs 240

Q.

The compound interest on a sum of ₹ 7500 at 4% per annum for a period of 2 years, compounded annually will be equal to

1. Rs.720

2. Rs.641

3. Rs.612

4. Rs.650

Q.

Maria borrowed $Rs.12500$ at $12\%$ per annum for $3$ years at simple interest and Radha borrows the same amount for the same time period at $10\%$ per annum compounded annually .Who pays more interest by how much ?

Q.

There is 60% increase in an amount in 6 years at simple interest rate. What will be the compound interest of ₹12, 000 after 3 years at the same rate?

1. ₹3972

2. ₹4972

3. ₹5972

4. ₹2972

Q. ₹ 7000 is invested for 5 yrs at 5% rate of interest (compounded annually). Match the principal for each year.

1. ₹7, 000.0
2. ₹ 7, 717.5
3. ₹ 7, 350.0
4. ₹ 8, 508.5

Q. The difference between the compound interest and the simple interest on a certain sum for 2 years at 6% per annum is Rs 90. Find the sum.

Q. A bank offers 8% compound interest calculated on half yearly basis. A customer deposits rupees 2, 000 each on 1st January and 1st July of the year. At the end of year the amount he would have gained as interest, is A. ₹220.20 B. ₹221.60 C. ₹122.50 D. ₹243.20