Q. 1 The difference between of CI and SI for a certain sum of money for 2 years at 10% pa is Rs. 450. Then what is the sum?

a) 30000

b) 40000

c) 50000

d) 45000

Q. 2 C. Kodali invested some money at 9% pa for 2 years and the same amount at 10% pa for 2 years. Together they earned him Rs. 760. Find the amount invested?

a) 2000

b) 3000

c) 1800

d) 1700

Q. 3 Raju deposits Rs. 10000 at the rate of 3% pa and gives his son an interest on his birthday 15th June. The gift amounts to Rs. 120. On what day was the deposit made?

a) 1st of Feb

b) 29th of Feb

c) 31st of Feb

d) 20th of Jan

Q. 4 A man earns SI equal to 4/27th of principal, he deposited in a bank. If the bank offered the interest rate equal to number of months the money was kept, find the rate of interest offered by the bank

a) 6.67

b) 5.75

c) 12.33

d) 13.33

Q. 5 Soma from China lent certain amount of money to DK. Bose at SI. The amount tripled in 30 years. What was the rate of interest?

a) 12

b) 13

c) 17

d) 6.67

Q. 6 Ajay invested a certain sum of money in a simple interest bond whose value grew to Rs.300 at the end of 3 years and to Rs. 400 at the end of another 5 years. What was the rate of interest in which he invested his sum?

a) 8.33

b) 9.5

c) 7.75

d) 8.75

Q. 7 GunShatru invested a certain sum of money in a bank that paid simple interest. The amount grew to Rs.240 at the end of 2 years. She waited for another 3 years and got a final amount of Rs.300. What was the principal amount that she invested at the beginning?

a) 500

b) 300

c) 200

d) 800

Q. 8 Rao invested one half of his savings in a bond that paid simple interest for 2 years and received Rs. 550 as interest. He invested the remaining in a bond that paid compound interest, interest being compounded annually, for the same 2 years at the same rate of interest and received Rs.605 as interest. What was the value of his total savings before investing in these two bonds?

a) 2800

b) 2170

c) 2750

d) 3900

Q. 9 Two equal sums of money were lent out at 6% and 8% SI for 2 years. The total SI earned was Rs. 11200. What was the total sum?

a) 40000

b) 20000

c) 4000

d) 50000

Q. 10 Find the effective annual rate of interest pa equivalent to a nominal rate of interest of 25% pa when interest in payable quarterly?

a) 127.44

b) 100

c) 6.25

d) 27.44

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