Q.2. The difference in simple interest and compound interest on a certain sum of money in 2 years at 18 % p.a. is Rs. 162. The sum is
a) Rs. 4000
b) Rs. 5200
c) Rs. 4250
d) Rs. 5000
e) None of these
Sol : Option D Explanation: If Diff. between SI & CI for 2 years is Rs. x, Principal = x (100/r)2 P = 162 x (100x100)/(18x18) → P = 5000.
Q.3. The compound interest on a certain sum of money for 2 years is Rs. 208 and the simple interest for the same time at the same rate is Rs. 200. Find the rate %.
a) 5 %
b) 6 %
c) 7 %
d) 4 %
e) 8 %
Sol : Option E Explanation: SI = Rs. 200 = Rs. 100 + Rs. 100
CI = Rs. 208 = Rs. 100 + Rs. 108 (In first year SI & CI are equal.)
Therefore, Rs.8 Gap is because of the interest of 1st year interest.
Rs. 8 is interest on Rs. 100, R= (8x100)/(100x1) % ,R = 8%
Q.4.The difference between compound interest and simple interest on a certain sum for 2 years at 10 % is Rs. 25. The sum is
a) Rs. 1200
b) Rs. 2500
c) Rs. 750
d) Rs. 1250
e) Rs. 2000
Sol : Option B Explanation: Apply: Principal = x (100/r)2 where x is the difference in CI & SI for 2 years. ∴ P = 25(100/10)2 = 2500.
Q.5.The simple interest on a certain sum for 3 years in Rs. 225 and the compound interest on the same sum for 2 years is Rs. 165. Find the rate percent per annum.
a) 20 %
b) 2.5 %
c) 5 %
d) 15 %
e) 7.5%
Sol : Option A Explanation: SI for 3 years = 225 → SI for 1 year = 75 ∴ CI for 1 year = 75. So CI for 2nd year = 90 and SI for 2nd year = 75. Difference = 15 ∴ Rate of interest = (15/75)x100 = 20 %
Q.6.The simple interest on a sum of money for 2 years is Rs. 150 and the compound interest on the same sum at same rate for 2 years is Rs. 155. The rate % p.a. is
a) 16 %
b) 20/3 %
c) 12 %
d) 10 %
e) None of these
Sol : Option B Explanation: SI for 3 years = 150 → SI for 1 years = 75
∴ CI for 1 year = 75. So CI for 2nd year = 80 and SI for 2nd year = 75. Difference = 5 ∴ Rate of interest = (5/75) x 100 = 20/3 %.
Q7.Mihir’s capital is 5/4 times more than Tulsi’s capital. Tulsi invested her capital at 50 % per annum for 3 years (compounded annually). At what rate % p.a. simple interest should Mihir invest his capital so that after 3 years, they both have the same amount of capital?
a) 20/3 %
b) 10 %
c) 50/3 %
d) 1.728 %
e) None of these
Sol : Option C Explanation: Let, the capital of Tulsi = 4. ∴ Capital of Mihir = 9. = 50/3 %
Q8.The difference in simple interest and compound interest on a certain sum of money in 3 years at 10 % p.a. is Rs. 372. The sum is
a) Rs. 8000
b) Rs.9000
c) Rs. 10000
d) Rs. 12000
e) None of these
Sol : Option D Explanation: Let us assume P= Rs. 1000. SI= Rs. 300, CI = Rs. 331
Difference = 331 - 300 = Rs. 31.
Applying the unitary method, the difference Rs. 372 is 12 times Rs. 31.
Therefore, the principle will also be 12 times of Rs. 1000 i.e. Rs. 12000.
Q9.Sahil’s capital is 1/6 times more than Chaya’s capital. Chaya invested her capital at 20 % per annum for 2 years (compounded annually). At what rate % p.a. simple interest should Sahil invest his capital so that after 2 years, they both have the same amount of capital?
a) 10%
b) 11 5/7%
c) 20%
d) 13 5/7%
e) None of these
Sol : Option B Explanation: Let, the capital of Sahil = 6. ∴ Capital of Chaya = 7 = 11 5/7%
Q10.The difference in simple interest and compound interest on a certain sum of money in 3 years at 20 % p.a. is Rs. 640. The sum is
a) Rs. 5000
b) Rs. 8500
c) Rs. 8250
d) Rs. 6000
e) None of these
Sol : Option A Explanation: Let us assume P= Rs. 1000, SI = Rs. 600, CI = Rs. 728
Difference= 728 – 600 = Rs. 128
Applying the unitary method, the difference Rs. 640 is 5 times Rs. 128.
Therefore, the principle will also be 5 times of Rs. 1000 i.e. Rs. 5000.
= 50/3 %
= 11 5/7%
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