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Test: SI & CI- 2 - Question 1

In what time will Rs. 8000 amount to 40,000 at 4% per annum? (simple interest being reckoned)

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Test: SI & CI- 2 - Question 2

A sum of money doubles itself in 5 years. In how many years will it become four fold (if interest is compounded)?

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Test: SI & CI- 2 - Question 3

A sum of money placed at compound interest doubles itself in 3 years. In how many years will it amount to 8 times itself?

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Test: SI & CI- 2 - Question 4

Divide Rs. 3903 between Amar and Akbar such that Amar’s share at the end of 7 years is equal to Akbar’s share at the end of 9 years at 4% p.a. rate of compound interest.

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Test: SI & CI- 2 - Question 5

Sanjay borrowed Rs. 900 at 4% p.a. and Rs. 1100 at 5% p.a. for the same duration. He had to pay Rs. 364 in all as interest. What is the time period in years?

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Test: SI & CI- 2 - Question 6

If a certain sum of money becomes double at simple interest in 12 years, what would be the rate of interest per annum?

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Test: SI & CI- 2 - Question 7

A sum of Rs. 600 amounts to Rs. 720 in 4 years at Simple Interest. What will it amount to if the rate of interest is increased by 2%?

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Test: SI & CI- 2 - Question 8

A sum of money invested at simple interest triples itself in 8 years at simple interest. Find in how many years will it become 8 times itself at the same rate?

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Test: SI & CI- 2 - Question 9

If Rs. 1100 is obtained after lending out Rs. x at 5% per annum for 2 years and Rs. 1800 is obtained after lending out Rs. y at 10% per annum for 2 years, find x + y.

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Test: SI & CI- 2 - Question 10

The population of a city is 200,000. If the annual birth rate and the annual death rate are 6% and 3% respectively, then calculate the population of the city after 3 years.

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Test: SI & CI- 2 - Question 11

If the simple interest is 10.5% annual and compound interest is 10% annual, find the difference between the interests after 3 years on a sum of Rs. 1000.

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Test: SI & CI- 2 - Question 12

Find the compound interest on Rs. 64,000 for 1 year at the rate of 10% per annum compounded quarterly (to the nearest integer).

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Test: SI & CI- 2 - Question 13

Find the compound interest at the rate of 10% for 3 years on that principal which in 3 years at the rate of 10% per annum gives Rs. 300 as simple interest.

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Test: SI & CI- 2 - Question 14

The population of Mangalore was 1283575 on 1 January 2001 and the growth rate of population was 10% in the last year and 5% in the years prior to it, the only exception being 1999 when because of a huge exodus there was a decline of 20% in population. What was the population on January 1, 1995?

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Test: SI & CI- 2 - Question 15

Mohit Anand borrows a certain sum of money from the AMS Bank at 10% per annum at compound interest. The entire debt is discharged in full by Mohit Anand on payment of two equal amounts of Rs. 1000 each, one at the end of the first year and the other at the end of the second year. What is the approximate value of the amount borrowed by him?

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