## Ques 1.

If the amounts for a fixed principal after 3 years and 2 years at a certain rate of compound interest are in the ratio of 21 : 20 , then the rate of interest ie

(a) 7%

(b) 6%

(c) 5%

(d) 4%

**Ans 1.**5 %

## Ques 2.

The difference between compound interest and simple interest on a certain sum of money at 15% per annum in 2 years is Rs 225. Find the sum .

(a) Rs 12000

(b) Rs 11000

(c) Rs 10000

(d) Rs 15000

**Ans 2.**Rs 10000

## Ques 3.

A money lender lends out a part of Rs 3364 at 5% compound interest for 3 years and the rest also at 5% compound interest , but for 5 years. If the final amount in both the cases is same , what is the amount lent out for 5 years ?

(a) Rs 2000

(b) Rs 1760

(c) Rs 1600

(d) Rs 1000

**Ans 3.**Rs 1600

## Ques 4.

The population of a town increased by 5% of what it had been at the beginning of each year. If the population was 441000 in 1997, find the population in 1995.

(a) 430000

(b) 410000

(c) 400000

(d) 406000

**Ans 4**. 400000

## Ques 5.

Calculate the compound interest on Rs 1875 for 3 years if the rates of interest per annum are 5%, 6 2/3% and 8 1/3% respectively.

(a) Rs 400

(b) Rs 560

(c) Rs 520

(d) Rs 350

**Ans 5.**Rs 400

## Ques 6.

Mr. Sundaram takes a loan of Rs 1200 to be paid after 1 year . He is to pay interest either at 5% p.a. compounded annually or at 4% p.a. compounded six monthly .which option in better for him and by how much ?

(a) IInd option, Rs 11.50

(b) IInd option, Rs 12.75

(c) IInd option , Rs 13.50

(d) 1st option , Rs 10

**Ans 6.**IInd option, Rs 11.50

## Ques 7.

Rajan borrowed Rs 4000 at 5% p.a. compound interest. After 2 years ,he repaid Rs 2210 and after 2 more years, the balance witth interest . what was the total amount that he paid as interest ?

(a) Rs 635.50

(b) Rs 613.50

(c) Rs 675.50

(d) Rs 653.50

**Ans 7.**Rs 635.50

## Ques 8.

Indu was Bindu Rs 1250 on compound interest fro 2 years at 4% per annum. How much loss would indu have suffered had she given it to Bindu for 2 years at 4 % per annum simple interest ?

(a) Rs 10

(b) Rs 2

(c) Rs 5

(d) None of these

**Ans 8.**Rs 2

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