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APPSC Panchayat Secretary ~Compound Interest~ Quiz

1. A sum of rupees 3903 is divided between P and Q such that the share of P at the end of 8 years is equal to the share of Q after 10 years. Find the share of P if rate of interest is 4% compounded annually.
a) 2012
b) 2029
c) 2028
d) 2081
e) None of these

2. A man borrows 2000 rupees at 10% compound interest. At the end every year he pays rupees 1000 back. How much amount should he pay at the end of the third Year to clear all his debt?
a) 252
b) 352
c) 452
d) 552
e) None of these

3. A sum of rupees 3200 is compounded annually at the rate of 10 paisa per rupee per annum. Find the compound interest payable after 2 years.
a) 200
b) 842
c) 672
d) 832
e) None of these

4. What sum of money will amount to rupees 1124.76 in 3 years, if the rate of interest is 5% for the first year, 4% for the second year and 3% for the third year?
a) 1500
b) 1200
c) 1000
d) 1900
e) None of these

5. Riya saves an amount of 500 every year and then lent that amount at an interest of 10 percent compounded annually. Find the amount after 3 years.
a) 1820.5
b) 1840.5
c) 1920.5
d) 1940.5
e) None of these

6. A sum of 3000 becomes 3600 in 3 years at 15 percent per annum. What will be the sum at the same rate after 9 years?
a) 5124
b) 5184
c) 5186
d) 5192
e) None of these

7. On a certain sum of money, after 2 years the simple interest and compound interest obtained are Rs 400 and Rs 600 respectively. What is the sum of money invested?
a) 100
b) 200
c) 300
d) 400
e) None of these

8. A sum of money becomes Rs 35,280 after 2 years and Rs 37,044 after 3 years when lent on compound interest. Find the principal amount.
a) 2800
b) 3000
c) 3200
d) 4000
e) None of these

9. A sum of money is lent for 2 years at 10% p.a. compound interest. It yields Rs 8.81 more when compounded semi-annually than compounded annually. What is the sum lent?
a) 1000
b) 1200
c) 1400
d) 1600
e) None of these

10. A sum of rupees 4420 is to be divided between raj and parth in such a way that after 5 years and 7 years respectively the amount they get is equal. The rate of interest is 10 percent. Find the share of raj and parth
a) 2000, 2420
b) 2420, 2000
c) 2480, 2420
d) 2210, 2210
e) None of these

11. The difference between compound interest compounded every 6 months and simple interest after 2 years is 248.10. The rate of interest is 10 percent. Find the sum
a) 12000
b) 14000
c) 16000
d) 18000
e) None of these

12. A person earns an interest of 240 on investing certain amount at Simple interest for 2 years at 5 percent amount. If the rate of interest is compounded annually then how much more interest will be gain by the person at same rate of interest and on the same sum.
a) 6
b) 8
c) 12
d) 10
e) None of these

13. Find the least number of years in which the sum put at 25% rate of interest will be more than doubled.
a) 2 years
b) 3 years
c) 4 years
d) 5 years
e) None of these

14. A sum of rupees 4420 is to be divided between rakesh and prakash in such a way that after 5 years and 7 years respectively the amount they get is equal. The rate of interest is 10 percent. Find the share of rakesh and prakash
a) 2000, 2420
b) 2420, 2000
c) 2480, 2420
d) 2210, 2210
e) None of these

15. The simple interest on a certain sum of money for 4 years at 15 percent per annum is 600. Find the compound interest in the same sum at 10 percent interest for 2 years
a) 220
b) 200
c) 210
d) 120
e) None of these

16. Find the effective annual rate of 10 percent per annum compounded half- yearly a)
10.5
b) 10.25
c) 11.25
d) 11.50
e) None of these

17. A sum of rupees 3200 is compounded annually at the rate of 25 paise per rupee per annum. Find the compound interest payable after 2 years.
a) 1200
b) 1600
c) 1800
d) 2000
e) None of these

18. A sum of 3000 becomes 3600 in 3 years at 15 percent per annum. What will be the sum at the same rate after 9 years.
a) 5124
b) 5184
c) 5186
d) 5192
e) None of these

19. Priya saves an amount of 500 every year and then lent that amount at an interest of 10 percent compounded annually. Find the amount after 3 years.
a) 1820.5
b) 1840.5
c) 1920.5
d) 1940.5
e) None of these

20. A man borrows 10000 rupees at 20 % compound interest for 3 years. If every year he pays 2000 rupees as repayment. How much amount is still left to be paid by the man?
a) 5000
b) 7000
c) 9000
d) 10000
e) None of these

21. A part of 70000 is lent out at 10% annum. The rest of the amount is lent out at 5% per annum after one year. The ratio of interest after 3 years from the time when first amount was lent out is 1:2. Find the second part that was lent out at 5%.
A.40000
B.50000
C.60000
D.48000
E.55000

22. There is 50% increase in an amount in 5 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?
A.Rs. 2255
B.Rs. 2792
C.Rs. 3580
D.Rs. 3972
E.None of these

23. Karthik lends a certain amount to Vignesh on simple interest for two years at 20%. Vignesh gives this entire amount to Kamal on compound interest for two years at the same rate annually. Find the percentage earning of Vignesh at the end of two years on the entire amount.
A.3%
B.3(1/7)%
C.4%
D.5(6/7)%
E.None of these

24. A man borrows 3000 rupees at 10% compound interest. At the end every year he pays rupees 1000 back. How much amount should he pay at the end of the fourth Year to clear all his debt?
A.Rs. 680.5
B.Rs. 651.3
C.Rs. 751.3
D.Rs. 790.3
E.None of these

25. Rahul saves an amount of 800 every year and then lent that amount at an interest of 10 percent compounded annually. Find the amount after 3 years.
A.Rs. 1822.8
B.Rs. 2252
C.Rs. 2550.50
D.Rs. 2912.8
E.None of these

26. Find the compound interest at the rate of 8% for 3 years on that principal which in 3 years at therate of 10% per annum gives 300 as simple interest.
A.180.515
B.220.25
C.259.712
D.289.624
E.312.51

27. The difference between the total simple interest and the total compound interest compounded annually at the same rate of interest on a sum of money at the end of two years is Rs. 450. What is definitely the rate of interest per cent per annum?
A.8400
B.4800
C.7800
D.Data inadequate
E.None of these

28. The CI on Rs.6000 for 3 years at 8% for first year, 7% for second year, 6% for the third year will be
A.Rs.1430
B.Rs.1530
C.Rs.1250
D.Rs.1350
E.None of these

29. Venkat and Vidhya have to clear their respective loans by paying 2 equal annual installments of Rs.30000 each. Venkat pays at 10% pa of SI and Vidhyapays at 10% CI pa. What is the difference in their payments ?
A.200 B.300 C.400 D.500
E.None of these

30.The difference between interest received by Vivek and Vimal is Rs.405 on Rs.4500 for 3 years. What is the difference in rate of interest ?
A.1.5%
B.2%
C.3%
D.2.7%
E.None of these

31. On a certain sum of money, after 2 years the simple interest and compound interest obtained are Rs 800 and Rs 960 respectively. What is the sum of money invested?
A) Rs 1420
B) Rs 1325
C) Rs 1000
D) Rs 1405
E) Rs 1375

32. Rs 6000 becomes Rs 7200 in 3 years at a certain rate of compound interest. What will be the amount received after 9 years?
A) Rs 11,498
B) Rs 10,352
C) Rs 9,368
D) Rs 10,368
E) None of these

33. A man borrows Rs 4000 at 8% compound interest for 3 years. At the end of each year he paid Rs 500. How much amount should he pay at the end of 3rd year to clear the debt?
A) Rs4254.5
B) Rs 3465.2
C) Rs 3485.2
D) Rs 4345.4
E) Rs 3915.6

34. A sum of money is lent for 2 years at 20% p.a. compound interest. It yields Rs 482 more when coYYmpounded semi-annually than compounded annually. What is the sum lent?
A) Rs 25,600
B) Rs20,000
C) Rs 26,040
D) Rs 40,500
E) None of these

35.The compound interest obtained after 1st and 2nd year is Rs 160 and Rs 172.8 respectively on a certain sum of money invested for 2 years. What is the rate of interest?
A) 10%
B) 8%
C) 8.5%
D) 9%
E) 9.2%

36. A sum of money becomes Rs 35,280 after 2 years and Rs 37,044 after 3 years when lent on compound interest. Find the principal amount.
A) Rs 32,000
B) Rs 28,000
C) Rs 31,500
D) Rs 32,500
E) None of these

37. The difference between compound interest earned after 3 years at 5% p.a. and simple interest earned after 4 years at 4% p.a. is Rs 76. Find the principal amount.
A) Rs32,000
B) Rs 28,000
C) Rs 31,500
D) Rs 32,500
E) None of these

38. A sum of money is lent at simple interest and compound interest. The ratio between the difference of compound interest and simple interest of 3 years and 2 years is 35 : 11. What is the rate of interest per annum?
A) 20 3/4%
B) 17 2/5%
C) 18 2/11%
D) 22 1/5%
E) 24 5/6%

39. A sum of money borrowed at 5% compound interest is to paid in two annual installments of Rs 882 each. What is the sum borrowed?
A) Rs 1650
B) Rs 2340
C) Rs 2630
D) Rs 1640
E) Rs 2640

40. Rs 3903 is to be divided in a way that A’s share at the end of 7 years is equal to the B’s share at the end of 9 years. If the rate of interest is 4% compounded annually, find A’s
share.
A) Rs 2475
B) Rs 1875
C) Rs 2175
D) Rs 1935
E) Rs 2028

APPSC Panchayat Secretary ~Compound Interest~ Quiz

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