S.I. & C.I.

QUESTIONS (TEST PAPER)

TOTAL QUES.:40 M.M. : 40 NEG. MARKS : 1/3 TIME : 45 MIN.

1. A certain sum of money amounts to rupees 2900 at 4% per annum in 4 years. In how many years will it
amount to rupees 5000 at the same rate?
a) 20
b) 22
c) 24
d) 25
e) None of these

2. Arya borrows rupees 6000 from a bank at SI. After 4 years she paid Rs 2500 to the bank and at the end of
5 years from the date of borrowing he paid Rs 4560 to settle the account. Find the rate of interest (approx)
a) 3.25%
b) 3.50%
c) 3.85%
d) 4%
e) None of these

3. The simple interest on a sum of money will be rupees 400 after 5 years. In the next 5 years the principal is
doubled, what will be the total interest at the end of the 10th year
a) 800
b) 1000
c) 1200
d) 1600
e) None of these

4. A sum of money was went at 10% per annum, compounded annually for 2 years. If the interest was
compounded half yearly, he would have received Rs. 440.5 more. Find the sum.
1) Rs. 84000
2) Rs. 96000
3) Rs. 100000
4) Rs. 104000
5) Rs. 80000

5. Ragnal, Rollo and Vik start a business by investing Rs 70,000 that earns them a profit of Rs 42,000 at the
end of the year. Ragnar invests his share in the profit in a scheme that gives him 10% interest
compounded annually and Rollo invests his share in a scheme that gives him 20% interest compounded
annually. Ragnar gets Rs 2,520 as interest at the end of 2 years and Rollo gets an interest of Rs 4,200 at
the end of one year. Find Vik’s investment in the business.
1) Rs 1,60,000
2) Rs 15,000
3) Rs 17,520
4) Cannot be determined
5) none of these

6. Rs. 12200 was partly invested in Scheme A at 10% p.a. compound interest (compounded annually) for 2
years and partly in Scheme B at 10% p.a. simple interest for 4 years. Both the schemes give equal
interests. How much was invested in Scheme A ?
1) Rs. 7500
 2) Rs. 9000
3) Rs. 8000
4) Rs. 6050
5) Rs. 10000

7. A man borrows Rs. 8000 at 20% compound rate of interest. At the end of each year he pays back Rs.
3000. How much amount should he pay at the end of the third year to clear all his dues?
1) Rs. 5492
2) Rs. 5552
3) Rs. 5904
4) Rs. 6933
5) None of these

8. If the difference between Simple Interest and Compound Interest at 10% p.a rate of interest for 3 years is
Rs. 930, then find the Sum.
A) Rs 25,000
B) Rs 30,000
C) Rs 35,000
D) Rs 40,000
E) None of these

9. If the ratio of difference between CI and SI for 3 years and 2 years is 31:10, then find the Rate of Interest.
A) 11.11%
B) 10%
C) 20%
D) 25%
E) None of these

10. Anil borrowed some money at the rate of 5 percent per annum for the first 2 years, 3 percent for the next
4 years and 4 percent per annum beyond 6 years. If the total interest paid by him at the end of 9 years is
rupees 3400, how much money did anil borrow.
a) 5000
b) 8000
c) 10000
d) 12000
e) None of these
11. Simple interest on a certain sum 16/25 of the sum. if both the rate of interest and time are same. then
what is the rate of interest?

A.) 12%

B.) 10%

C.) 8%
 D.) 13%

DIRECTIONS(Q.12- Q.16) : The following table shows different plans offered by a lender, type of
interest and rates of interest applicable during first, second and third years.
(Note: Some values are missing, you need to calculate those values if required.)

12. If two persons borrows an equal amount of Rs.12000 under plan B and plan E respectively and rate of
interest for the first year under plan B and D is same, then what is the difference between second year’s
interests alone paid by each of them?
1) Rs.105.25
2) Rs.110.25
3) Rs.115.25
4) Rs.120.25
5) Cannot be determined
13. A person borrows Rs.20480 under plan C. After completion of the loan tenure of three years under plan
C, he extends the tenure for further two years under plan D on the amount payable at that time. He settles
his loan by paying Rs.27778. What is the rate of interest for the second year under plan D if rate of
interest for the third year under plan C and D is same?
1) 5 3/4%
2) 5 1/4%
3) 6 1/4%
4) 4 3/4%
5) 6 3/4%

14. If the amounts borrowed by a person under plan B and C are in the ratio 16 : 13 and rate of interest
applicable during the first year under plan B and D is same, then what is ratio of interests payable under
these plans at the end of second year.
 1) 5 : 6
2) 3 : 5
3) 3 : 4
4) 5 : 4
5) None of these

15. The lender decides to offer a fixed rate of interest at 6 2/3% per year under plan C. By how much percent
the interest payable will increase from the interest payable previously under the old plan for the period of
three years if rate of interest for the third year under old plan C and plan D is same?
1) 6 1/3%
2) 6 1/4%
3) 6 2/3%
4) 6 2/5%
5) Cannot be determined

16. Rates of interest for the first year under plan A and E are 8 2/3% and 7 3/5% respectively. A person
borrows a total of Rs.30000 partially under plan A and E and pays a total interest of Rs.5540 at the end of
third year. How much amount does he borrow under plan A?
1) Rs.14000
2) Rs.18000
3) Rs.16000
4) Rs.12000
5) Rs.20000

17. A man gave 50% of his savings of Rs. 168200 to his wife and divided the remaining sum among his sons
Abid and Bisth of 15 and 13 years of age respectively. He divided it in such away that each of his sons
when they attain the age of 18 years, would receive the same amount of 5% compound interest per
annum. The share of Bisth was:
1) Rs. 42050
2) Rs. 40000
3) Rs. 45000
4) Rs. 45500
5) None of these
18. A certain sum is interested at compound. The interest accrued in the first two years is Rs. 544 and that in
the first three years is Rs. 868. Find the rate per cent.
1) 12 1/2%
2) 7 1/2%
3) 17 1/2%
4) 25%
5) None of these

19. The price of a tv set worth Rs 20000 is to be paid in 20 installments of Rs 1000 each. If the rate of interest be
6% per annum, and the first installment be paid at the time of purchase, then the value of the last installment
covering the interest as well will be:

A) 1050 rupees B) 2050 rupees C) 3000 rupees D) None of these.

20. Mr Thomas invested an amount of Rs 13900 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 two years
be Rs 3508, what was the amount invested in Scheme B?

A) 6400 rupees B) 6500 rupees C) 7200 rupees D) 7500 rupees E)

None of these

21. A sum of Rs 2600 is lent out in two parts in such a way that the interest on one part at 10% for 5 years is
equal to that on another at 9% for 6 years. The sum lent out at 10% is:

A) 1150 rupees B) 1250 rupees C) 1350 rupees D) 1450 rupees

22. There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs
12000 after 3 years at the same rate?

A) 2160 rupees B) 3120 rupees C) 3972 rupees D) 6240 rupees

E) None of these

23. If the compound interest on a certain sum for 2 years at 10% per annum is Rs 525. The simple interest on the
same sum for double the time at half the rate percent per annum is:

A) 400 rupees. B) 500 rupees. C) 600 rupees. D) 800 rupees.

24. Two equal some of money were invested at an annual rate of 10%, One sum at simple interest and other
at compound interest, If the difference between the interest after 2 years was Rs.100, What were the sum
invested ?
A.25,000
B.100000
C.20,000
D.10,000
E.50,000

25. Rs. 12200 was partly invested in Scheme A at 10% p.a. compound interest (compounded annually) for 2
years and partly in Scheme B at 10% p.a. simple interest for 4 years. Both the schemes give equal
interests. How much was invested in Scheme A ?
1) Rs. 7500
2) Rs. 9000
3) Rs. 8000
4) Rs. 6050
5) Rs. 10000

26. A money-lender borrows money at 4% per annum and lends it at 6% per annum compound interest
compounded half yearly and thus gains Rs. 209 in a year. The amount of money he borrows, is:
1) Rs. 12,000
 2) Rs. 11,500
3) Rs. 10,000
4) Rs. 9,500
5) none of these

DIRECTIONS(Q.27 – Q. 36) : Study the following graph carefully and answer the following questions
given below.

27. The Amount invested by Vikram in savings scheme G is equal to the amount invested by him in savings
scheme B. The rate of interest (p.c.p.a.) of savings scheme G and B are the same. The only difference is
that savings scheme G offers compound interest (compounded annually)whereas the savings scheme B
offers simple interest. If the difference between the interest earned by Vikram from both the schemes after
2 years is Rs. 349.92, what is the rate of interest?
A. 6%
B. 5%
C. 3%
D. 4%
E. 9%

28. Deepa invested in savings scheme F for 4 years. If the savings scheme F offers simple interest at the rate
of 7 p.c.p.a. for the first two years and then compound interest at the rate of 10 p.c.p.a. (compounded
annually) for the third and fourth year, what will be the interest earned by Deepa after 4 years?
A. 12,364
B. 12,096
C. 12,242
D. 12,542
E. 12,112
29. What is the respective ratio between the total amount invested by Vikram in scheme C and E together and
the total amount invested by Deepa in the same savings scheme together?
A. 3:2
B. 3:4
C. 1:4
D. 2:3
E. 3:1

30. Savings Scheme A offers simple interest at a certain rate of interest (p.c.p.a.). If the difference between
the interests earned by Vikram and Deepa from Savings Scheme A after 4 years is Rs.4435.50, what is the
rate of interest (p.c.p.a)?
A. 15%
B. 23%
C. 33%
D. 24%
E. 25%

31. What is the average amount invested by Vikram in savings schemes A,B,C,D and E together?
A. Rs. 29,248/-
B. Rs. 30,562/-
C. Rs. 31,126/-
D. Rs. 29,688/-
E. Rs. 28,656/-

32. If Scheme C offers compound interest (compounded annually) at the rate of 12 p.c.p.a., what is the
difference between interests earned by Vikram and Deepa from scheme C after 2 years?
A. 1,628.16
B. 1,584.38
C. 1,672.74
D. 1,536.58
E. 1,722.96

33. If the savings scheme D offers compound interest (compounded half yearly) at the rate of 16 p.c.p.a, what
would be sum of interests earned by Vikram and Deepa from savings scheme D after one year?
A. Rs.10,244/-
B. Rs.10,464/-
C. Rs.9,872/-
D. Rs.9,984/-
E. Rs.9,442/-

34. Total investment in Savings Schemes A and F by Vikram is what percent of the total investment in the
same Savings Schemes by Deepa?
A. 126%
B. 276%
C. 140%
D. 226%
E. 186%

35. What is the sum of the average amount invested in Savings schemes A, D and E by Vikram and the
average amount invested in Savings schemes B, C and F by Deepa?
 A. 54272
B. 57614
C. 54600
D. 56613
E. 57514

36. What is the difference between the average amount invested in Savings schemes A, B, D and E by
Vikram and the average amount invested in Savings schemes B, C, E and F by Deepa?
A. 2540
B. 2760
C. 2560
D. 2320
E. 2380
37. There is 50% increase in an amount in 5 years at simple interest. What will be the compound interest of
Rs. 12,000 after 3 years at the same rate?
A.Rs. 2255
B.Rs. 2792
C.Rs. 3580
D.Rs. 3972
E.None of these
38. Karthik lends a certain amount to Vignesh on simple interest for two years at 20%. Vignesh gives this
entire amount to Kamal on compound interest for two years at the same rate annually. Find the percentage
earning of Vignesh at the end of two years on the entire amount.
A.3%
B.3(1/7)%
C.4%
D.5(6/7)%
E.None of these
39. Out of Rs. 60,000 that Rahul has, he lends Rs. 10,000 at 11/2 % per annum simple interest and Rs. 32,000
at 6% per annum simple interest. He lends the remaining money at a certain rate of interest so that he gets
total annual interest of Rs. 4000. The rate of interest per annum, at which the remaining money is lent, is?
A.5%
B.7.5%
C.8%
D.8.5%
E.10%
40. Suresh lends 40% of his money at 15% per annum, 50% of the rest at 10% per annum and the rest at 18%
per annum rate of interest. What would be the annual rate of interest, if the interest is calculated on the
whole sum?
A. 18.5%
B. 14.4%
C. 16.5%
D. 19.5%
E. None of the Above