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Made bySaurav Hathi

[Advance Practice] Quant - Simple & Compound Interest v3

Q1:

A certain sum of money was loaned to B by A at simple interest. Interest was charged at 14% p.a for 1st two years, beyond that rate was increased by 1%and was constant for the next two years. After 4th year rate of interest increased by 7% P. A .till the money was repaid .If B returned Rs. 8058 as interest to A in 5 years, find the sum loaned by A. (Note: Increase in rate is measured on base rate.) 

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Q2:

A sum of money invested at compound interest amounts to Rs. 10000 in 4 years and to Rs. 12000 in 5 years. Find the amount that the sum will yield after 6 years. 

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Q3:

Amit borrowed a sum of money @5% p.a simple interest. If after 6 years the interest is Rs. 2352 less then the sum of money borrowed, find the money borrowed by Amit. 

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Q4:

Compound interest on a certain sum for 2 years at 20% P.A is Rs. 770. If same sum is lent for 3 years at S.I for 1% per month, find interest obtained on sum? 

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Q5:

A mobile is available for Rs 15000 cash or 3 equal installments. If the rate of interest charged is 15% per annum, calculate the monthly installment. 

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Q6:

A person borrowed Rs. 12000 at certain rate of simple interest and Rs. 13500 at 1% higher rate of interest. If after 4 years the total interest paid by him is Rs. 4620. Find the rate of interest at which he borrowed Rs 12000 

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Q7:

In what time Rs. 10000 invested at 30% per annum will yield Rs. 11970 as compound interest. 

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Q8:

A person buys 3 goats for Rs. 3000 and sells it for 3328 at a credit of 6 months. What is his gain percentage reckoning money worth with S.I of 8% P.a.? 

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Q9:

Amit bought a laptop of Rs.60000 and paid the sum back in 2 equal annual installments charged at 10% pa compound annually.  What is the amount of each installment? 

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Q10:

The difference between the simple interest and the compound interest, on a sum of Rs 8000 for two years is Rs 320.Find the annual rate of interest if it is same in both the cases 

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Q11:

A sum of Rs. 3903 is divided between A and B, so that A’s share at the end of the 7 years be equal to B’s share at the end of 9 years,if interest is charged at 4%compounded annually . Find A’s share. 

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Q12:

Amit lends a sum of money at 20% per annum compounded annually. If he charges the interest semi-annually he will receive Rs 400 more in one year than charged annually. Find the sum lead by Amit. 

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Q13:

Simple interest on a certain sum of money for 3 year at 8% P.A is half the compound interest on Rs. 4000 for 2 years at 10% P.A. The sum placed on S.I is. 

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Q14:

A bank offers 20% compound interest calculated on quarterly-yearly basis. A customer deposits Rs.3500 each on 1st April and increased his deposit by Rs 1500 every quarter. Find the sum withdrawn by the customer on 31th December of the same year. 

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Q15:

If the difference between CI and S.I on a certain sum of money for 3 years at 5% per annum is Rs. 122 find the sum. 

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