Friday, July 3, 2015

Quiz On CI and SI

1. Raviraj Invested an amount of Rs.10000 at a compound interest rate of 10% per annum for a period of three years.How much amount will raviraj get after 3 years.?
(a)    12340
(b)   13210
(c)    13320
(d)   13310
(e)   None of these

2. If the CI on a certain sum for 2 years at 3% be Rs 101.50, what would be the SI?

3. The Compound Interest on a certain sum for 2 years is Rs. 40.80 and simple interest is Rs 40.
Find the rate of interest per annum and the sum.

4.If the difference between CI and SI on a certain sum of money for 3 years at 6% pa is Rs.11016, 
find the sum.
(a)    3060000
(b)   1000000
(c)    5100000
(d)   1210000
(e)   None of these

5. The CI on a certain sum is Rs.104 for 2 years and SI is Rs 100. What is the rate percent?
(a)    2%
(b)   4%
(c)    8%
(d)   16%
(e)   None of these

6. Rs. 4800 becomes Rs.6000 in 4 years at a certain rate of compound interest. What will be the sum after 
12 years?

7. A man Deposits Rs. 1350 in a bank at 5% per annum and Rs 1150 in another bank at 6% per 
annum. Find the rate of Interest for the whole sum.
(a)    5.40%
(b)   6.40%
(c)    5.46%
(d)   11.5%
(e)  None of These

8.Out of a certain sum, 1/3rd is invested at 3%, 1/6th at 6% and the rest at 8%. If the simple interest 
for 2 years from all these investements amounts to Rs. 600, find the original sum.
(a)    Rs. 5000
(b)   Rs. 6000
(c)    Rs. 5200
(d)   Rs. 5500
(e)   None of these

10. What annual payment will discharge a debt of Rs. 770 in 5 years, the rate of interest being 5% per annum?
(a)    120
(b)   130
(c)    140
(d)   114
(e)  None of these

11. The rate of interest for the first 2 years is 3% per annum, for the next 3 years is 8% per annum and for the period beyond 5 years 10% per annum. If a man gets Rs 1520 as a simple interest for 6 years, how much did he deposited?
(a)    3800
(b)   4200
(c)    3000
(d)   Cant be determined
(e)   None of these



Normal time to be taken to solve these should be max. 9-11 minutes :)
Answers will be posted soon :))

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