SAINIK MATHS TEST 141 ON SIMPLE INTREST CI

Simple & Compound Interest - Timed Quiz

Time Left: 10:00

1. At what rate percent per annum is Rs.231 received as simple interest on Rs. 5500 from March 1st to October 5th?

A. 7% B. 8% C. 9% D. 13%

2. The simple interest on a certain sum of money is 16/25 of the principal. If the rate and time period are numerically equal, find the rate percent per annum.

A. 6 years B. 8 years C. 12 years D. 16 years

3. A sum of money became 2½ times at 12½% per annum. Find time in years.

A. 8 years B. 12 years C. 16 years D. 15 years

4. What is the simple interest on Rs. 4500 at 1 paise per rupee per month for 3 years?

A. Rs.540 B. Rs.1620 C. Rs.1080 D. Rs.270

5. The simple interest on Rs.6400 at 3⅛% per annum for 4 years is same as the simple interest on Rs.8000 at 4%. Find the time period of the second deposit.

A. 2 years B. 2½ years C. 4 years D. 5 years

6. The simple interest is ⅓ of the principal in a year. Find the rate percent per annum.

A. 12½% B. 25% C. 30% D. 33⅓%

7. What is the compound interest for 2 years on Rs. 5000 at 5% per annum?

A. Rs.500 B. Rs.525 C. Rs.512.50 D. Rs.510.50

8. The difference between SI and CI on a certain sum of money for two years is Rs. 200 at 10% per annum. Find the principal.

A. Rs.2500 B. Rs.2000 C. Rs.1000 D. Rs.4000

9. A sum of Rs.1000 amounts to Rs.1331 for 3 years on compound interest. Find the rate percent per annum.

A. 10% B. 12½% C. 15% D. 5%

10. Ram deposits a certain amount at 12½% per annum for two years. If he deposited in another bank, he would receive 1% more and fetch Rs. 36 extra. Find the principal.

A. Rs.3600 B. Rs.1800 C. Rs.7200 D. Rs.800