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SI & CI Test 1
Result
SI & CI Test 1
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  • Question 1/10
    1 / -0

    In how many years will a sum of Rs.3,500 yield an interest of Rs.2,100 at 15% per annum?

    Solutions

     

  • Question 2/10
    1 / -0

    What is the difference between the S.I. on a principle of Rs.1000 being calculated at 5% per annum for 3 years and 4% per annum for 4 years?

    Solutions

     

  • Question 3/10
    1 / -0

    At what rate per cent on simple interest will Rs.750 amount to Rs.900 in 5 years?

    Solutions

     

  • Question 4/10
    1 / -0

    In how many years will a sum of money double itself at 12% per annum?

    Solutions

     

  • Question 5/10
    1 / -0

    What sum of money will produce Rs.3,400 interest in 4 years at 4% simple interest?

    Solutions

     

  • Question 6/10
    1 / -0

    What is the amount of Rs.6,500 in 2 years at 16% p.a. interest compounded half yearly?

    Solutions

    Here, the interest is compounded half-yearly. So,

    Principal (P) = Rs. 6,500

    Number of years (n) = 2 × 2 = 4

    Rate of interest compounded half-yearly (r) = 16/2 = 8%

    Amount = 6,500 {1 + (8/100)}4

    6,500 × 1.3604

    Rs. 8843.17

     

  • Question 7/10
    1 / -0

    An amount becomes twice in 4 years on a certain rate on compound interest. In how much years it will be 16 times on the same rate?

    Solutions

    It will be 24 times in 4 × 4 = 16 years

     

  • Question 8/10
    1 / -0

    In how many years will a sum of Rs. 3000 yield a S.I. of Rs. 1080 at 12% per annuam?

    Solutions

     

  • Question 9/10
    1 / -0

    The difference between simple and compound rate of interest on a certain sum of money for 2 years at 5% rate of interest is Rs.25. Find the sum.

    Solutions

     

  • Question 10/10
    1 / -0

    A man invested a sum of Rs.2,500 with a finance company at 8% per annum simple interest for 3 years. What will be the interest received by him at the end of the period?

    Solutions

     

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