Expected simple interest and compound interest di and caselets questions for upcoming bank mains exam PDF

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Simple Interest and Compound Interest DI and Caselets for Upcoming Bank Mains Exam

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Simple interest and Compound interest Directions (1 – 5): Study the following information and answer the questions followed: Mr. Bhargav has 3 sons A, B and C. He distributed his money which is 225000 among 3 of them in ratio 4 : 5 : 6. They invested the money in three different schemes. Scheme 1 offers 8% simple interest and the minimum period of investment in this scheme is 2 years. Scheme 2 offers 10% simple interest but the minimum period of investment is 4 years. Scheme 3 offers 7% simple interest with no minimum period of investment. A invested 50% of his money in scheme 2 while B and C invested 30% and 40% of their money respectively in scheme 1.

a) Rs. 30000 b) Rs. 21000 c) Rs. 25000 d) Rs. 28000 e) Rs. 24000 3. What is the total amount of money with C after 4 years if he invests remaining money in scheme 3? a) Rs. 116140 b) Rs. 111640

1. B invest his remaining money in scheme 2 for 4 years and then invest the total money in scheme 3 for next 1 year. What is the total amount he has at the end of 5 years?

c) Rs. 116640

a) Rs. 110424

4. What can be the maximum interest A can earn at the end of 7 years? (A is allowed to shuffle the amount in different schemes).

b) Rs. 103200 c) Rs. 108450 d) Rs. 105245 e) Rs. 102936 2. If A invest half of the remaining money he has in scheme 1 and remaining half in scheme 3 for 4 years, what is the total interest he earns at the end of 4 years?

d) Rs. 116440 e) Rs. 113285

a) Rs. 24000 b) Rs. 37440 c) Rs. 44260.8 d) Rs. 37800 e) None of these Page 1 of 26

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Simple Interest and Compound Interest DI and Caselets for Upcoming Bank Mains Exam 5. What is the average amount with B and C at the end of 2 years if they invest their whole amount in scheme 1? a) Rs. 101400

d) Rs. 64000

c) Rs. 87000

e) None of these

d) Rs. 95700

8. If person lent out money on compound interest to Raj and Ram then the total amount of money he gets is –

e) Rs. 82935 Directions (6 – 10): Following table shows the data of a person who lent out his money on simple and compound interest at different rate for different time to persons. The ratio of amount lent out to Ram, Raj, Sam and Tom is 2 : 3 : 5 and 8. Total amount of money a person have is Rs. 72000.

Ram Raj Sam Tom

b) Rs. 41000 c) Rs. 32000

b) Rs. 104400

Rate of interest 20% 15% 36% 25%

a) Rs. 34000

Time period 1 3 8 6

a) Rs. 23450.75 b) Rs. 28500.5 c) Rs. 27850.5 d) Rs. 21340 e) None of these 9. If person lent out money on simple interest to all then who will return less simple interest after completion of period? a) Tom

6. What is the compound interest calculated half yearly on amount given to Ram? a) Rs. 1680 b) Rs. 1760 c) Rs. 2200 d) Rs. 2340 e) None of these 7. If person lent out total money given to Sam and Tom on simple interest to Radha on simple interest at the rate of interest 20% for 4 year, then what is the profit or loss he will have?

b) Raj c) Ram d) Sam e) None of these 10. The difference in simple interest on amount lent to Sam and on amount lent to Tom is – a) Rs. 9600 b) Rs. 8800 c) Rs. 10500 d) Rs. 7800 Page 2 of 26

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Simple Interest and Compound Interest DI and Caselets for Upcoming Bank Mains Exam e) None of these Directions (11 – 15)∶ Study the following bar graph carefully and answer the following questions.

deposited by the man in the two schemes is Rs. 24000 and the principal amount deposited in scheme 1 is 2/3rd more than the principal amount deposited in scheme 4. a) Rs. 1672

25 b) Rs. 1735

20 20 15

15 15 10

8

7.5 5

5

c) Rs. 1587

12

12 10 3

4

d) Rs. 1473

7

2

2

33

0 Scheme 1 Scheme 2 Scheme 3 Scheme 4 Rate of SI per annum

Rate of CI per annum Time period for SI (in years)

e) None of these 13. A man deposited Rs. 30000 in scheme 3 at compound interest and the same amount is also deposited at simple interest in scheme 2. By what percentage compound interest obtained from scheme 3 is more/less than the simple interest obtained from schemes 2? a) 9.5%

Time period for CI (in years) b) 7.5% 11. The amount deposited by a man in scheme 1, scheme 2, scheme 3 and scheme 4 on simple interest is in the ratio of 8 : 12 : 6 : 5, respectively. If the total amount deposited in all the schemes together by the man is Rs. 31000, then find the ratio of the simple interest earned from scheme 1 and scheme 2 together to the simple interest earned from scheme 3 and scheme 4 together.

c) 11.25% d) 8.75% e) None of these

c) 280 : 187

14. Difference between the simple interest obtained from scheme 2 and simple interest obtained from scheme 3 on the same principal amount is Rs. 5460. If the same principal amount is deposited on scheme 4 on simple interest and compound interest in the ratio of 5 : 2, respectively then find the total interest earned from scheme 4.

d) 187 : 312

a) Rs. 11118

e) None of these

b) Rs. 12446

12. Find the difference between the compound interest obtained from scheme 1 and the compound interest obtained from scheme 4, if the total principal amount

c) Rs. 12466

a) 151 : 240 b) 312 : 275

d) Rs. 14142 Page 3 of 26

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Simple Interest and Compound Interest DI and Caselets for Upcoming Bank Mains Exam e) None of these 15. If a man deposited Rs. 20,000 in scheme 4 on simple interest and compound interest in the ratio of 3 : 2 respectively and another man deposited Rs. 14,000 in scheme 1 on simple interest and compound interest in the ratio of 5 : 2 respectively then find the difference between the total interest earned by them? a) Rs. 3960 b) Rs. 4240

Principal amount taken from the bank (In Rs.) 120000 100000 100000 80000 80000 60000 60000

50000 40000

40000

c) Rs. 3500 20000 d) Rs. 3900

0 e) Rs. 3800 Directions (16 – 20): The line graph below shows the principal amount of loan taken by five persons from a bank. The Bar graph shows the interest rate and the number of years for which the loan is taken by these five persons. Study the data carefully and answer the questions.

P

Q

R

Rate of Interest per annum

S

T

Number of years

30 25

25 20 20 15

12.5 10

10 4

5

3

5 5

3

2

0 P

Q

R

S

T

16. Find the difference of interests paid by R and T if R took the loan at simple interest and T took the loan at compound interest. a) Rs. 2000 b) Rs. 2100 c) Rs. 1750 Page 4 of 26

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Simple Interest and Compound Interest DI and Caselets for Upcoming Bank Mains Exam d) Rs. 1800 e) Rs. 2500 17. P paid Rs. 17500, Rs. 16250 and Rs. 15000 at the end of 1st, 2nd and 3rd year. Find the amount of money that P needs to pay at the end of 4th year to clear his due. (Simple interest rate is applied on the sum.) a) Rs. 32500 b) Rs. 30000

20. If the interest charged from everyone is at simple rate then who will pay the equal amount of interest on the sum borrowed? a) P & S b) Q & R c) R & T d) S & P e) T & Q

c) Rs. 33750

Directions (21 – 23): Anand invested a sum of Rs. d) Rs. 33000 30000 in three different schemes, first scheme provides 20% interest compounded annually. Second scheme e) Rs. 31250 provides 40% interest compounded quarterly and the third scheme provides 30% simple interest per annum. 18. Q paid the borrowed amount in 3 equal instalments (interest is compounded annually). Find the value of each The first, second and third schemes are for 3 years, 1 year and 2 years respectively. Total interest obtained by instalment. Anand from all three schemes is Rs. 17665. a) Rs. 20504 21. If Anand kept the amount invested in all the three b) Rs. 20106 schemes for 1 year only then what is the amount of loss that has been faced by him? (Ratio of amount invested c) Rs. 21406 by Anand in three schemes is 4 : 5 : 6) d) Rs. 19850 e) Rs. 21208 19. Find the difference of compound interest and simple interest on the sum borrowed by S. a) Rs. 12000 b) Rs. 11200 c) Rs. 13200 d) Rs. 12800

a) Rs. 7824 b) Rs. 7946 c) Rs. 7736 d) Rs. 8084 e) Rs. 7914 22. Find the interest obtained from second scheme if the ratio of amount invested in scheme 1 and 3 is 2 : 3 and the interest obtained by Anand from first scheme is Rs. 5824.

e) Rs. 12500 a) Rs. 7200 Page 5 of 26

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Simple Interest and Compound Interest DI and Caselets for Upcoming Bank Mains Exam b) Rs. 5842

24. What approximate amount Prashant will receive, if the interest is compounded yearly for 3 years?

c) Rs. 3310

a) Rs. 24383

d) Rs. 4641

b) Rs. 26900

e) None of these 23. If the interest obtained by Anand from the first scheme is Rs. 5824 then find the principal invested in second and third scheme together. a) Rs. 20000

d) Rs. 27850 e) None of these Answer: C)

b) Rs. 22000

25. At what rate of simple interest does the amount of Peroola become five times his principal in the given time?

c) Rs. 18000 d) Rs. 16000

a) 75%

e) Rs. 15000 Direction (24 – 28): Study the following table carefully and answer the questions given below: The following table shows the amount invested by five different persons, types of interest, time and rate. Some values are missing. You have to calculate these values as per data given in the questions. Person

c) Rs. 28940

Principal Type of interest

Time Rate% (in years)

Shivansh 12000

Compound -

6

Peroola

Simple

4

-

Compound 3

5

b) 85% c) 47% d) 100% e) 105% 26. What approximate amount Sachin will receive in two years; Sachin has invested 30 % more than Shivansh? a) Rs. 18735 b) Rs. 16873 c) Rs. 19368

-

d) Rs. 19548 Prashant 25000

e) Rs. 19799 Rahul

-

Simple

5

-

Sachin

-

Compound 6

4

27. If the ratio of principal of Prashant to that of Rahul is 5 ∶ 6 and the rate of interest of Rahul is 20% more than that of Prashant, then how much interest Rahul will receive? Page 6 of 26

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Simple Interest and Compound Interest DI and Caselets for Upcoming Bank Mains Exam a) Rs. 9000 b) Rs. 8000 c) Rs. 9400

30. A man invested an amount in the ratio of 3 : 2 at the rate of (R/2-0.5)% & (R - 8)% respectively at simple interest. If bigger amount invested for two years and man gets interest in the ratio of 15 : 16, then find smaller amount invested for how many years?

d) Rs. 6500 a) 2 years e) Rs. 8800 b) 3 years 28. What is the principal of Peroola, if he received Rs. 35360 as amount after 4 years. Ratio of the rate of interest of Shivansh to that of Peroola is 2 : 3?

c) 5 years

a) Rs. 23000

e) 11 years

b) Rs. 26000

d) 7 years

d) Rs. 27000

Directions (31 – 35): Given below is the table which shows five different schemes and rate of simple interest (S.I.) and rate of compound interest (C.I.) offered on these schemes.

e) Rs. 28500

Note : All the interest is calculated annually.

c) Rs. 25000

Directions (29 – 30): Veer invested Rs. 3400 in a scheme ‘P’ for two years which offered S.I. at the rate of R% per annum and gets total interest of Rs. 1088. There is also another scheme ‘Q’, which offered CI annually at the rate of (R – 6) %. 29. If a man invested Rs. (2000 + x) in scheme ‘P’ for 2 years and Rs. (1600 + 3x) in scheme ‘Q’ for 2 years and interest gets from scheme P is Rs. 56 more than interest gets from scheme Q, then find total amount invested in scheme ‘Q’? a) 800 Rs. b) 1000 Rs. c) 1600 Rs. d) 4000 Rs. e) 2000 Rs.

31. If a sum is invested in scheme B at C.I, then amount obtained after 2 year from this scheme is 1.44 times the sum invested. Rate of simple interest for scheme A is half of the rate of compound interest for scheme B. Find out the interest earned when 8000 was invested for 2 years in Scheme A at S.I and in Scheme B at C.I for 2 years. a) 5120 b) 5000 c) 4800 Page 7 of 26

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Simple Interest and Compound Interest DI and Caselets for Upcoming Bank Mains Exam d) Can’t be determined e) None of these 32. A man invested 10,000 in scheme D at S.I. for 6 years, the interest he obtained is divided into equal halves and invested in two different schemes i.e. scheme B and scheme C for 4 year each at S.I. If the ratio of interest obtained in both scheme is 3 : 2, then find out the rate of interest in C scheme

778688 after 3 year. Find the amount he invested in both scheme initially. a) 30,00,000 b) 40,00,000 c) 20,00,000 d) 10,00,000 e) None of these

a) 10%

d) 5%

35. A sum is invested in scheme C for 5 years at S.I. and then the amount received from it is invested in same scheme for 2 years at C.I. Total amount received after 7 years is194% more than the sum invested initially. Find out the rate of interest in scheme C for S.I.

e) None of these

a) 10%

33. A sum is invested in scheme E at S.I. for 2 year and then whole amount obtained is invested at C.I. in same scheme for 2 more years. If same sum would have been invested in scheme D for 4 year with S.I. then, what would have been the ration of amount obtained from scheme E to the amount obtained from scheme D.

b) 12.5%

a) 27 : 25

Directions (36 – 40): Study the table and answer the questions that follow.

b) 8% c) 11%

c) 15% d) 5% e) None of these

b) 21 : 23 c) 40 : 49

The given table shows the different interest rates offered by a bank on different loans.

d) Can’t be determined Loans e) None of these 34. A man invests equal sum in two different schemes, D and E at S.I. for 4 year each. The total interest he got is invested in the scheme A for 3 year at C.I. Due to some reason instead of getting interest from scheme A , the scheme is flopped and sum invested in scheme A is depreciated each year with same rate, and he got Rs.

Below Rs. 10000 Rs. 10000 – Rs. 99999 Above Rs. 100000

Interest type Simple Compounded annually Simple Compounded annually Simple Compounded

Interest rate 1.25% 1% 2.75% 3% 4.5% 5% Page 8 of 26

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Simple Interest and Compound Interest DI and Caselets for Upcoming Bank Mains Exam annually 36. A man wants to borrow a loan of Rs. 80000 for 2 years. What will be the difference between the different type of interests?

39. If the interest rates below Rs. 10000 is increased by 40%, by how much percentage will the compound interest increase in 3 years? a) 40% b) 40.3%

a) Rs. 400 c) 40.6% b) Rs. 424 d) 40.9% c) Rs. 440 e) 50% d) Rs. 472 e) Rs. 496

40. A man needs a loan of Rs. 120000 for 2 years. Which of the following case will be most beneficial for him?

37. The compound interest on a sum of Rs. 7500 for 2 years is what percentage of the simple interest on the same sum after 3 years?

a) Loan of Rs. 120000 on compound interest

a) 27.5%

c) Two loans of Rs. 60000 each on compound interest

b) 38.4%

d) Two loans of Rs. 60000 each on simple interest

c) 53.6%

e) Two loans of Rs. 100000 and Rs. 20000 on simple interest

b) Loan of Rs. 120000 on simple interest

d) 69.1% e) 81.2%

Directions (41 – 45): Study the graph to answer the questions.

38. A man takes 2 loans, one of Rs. 90000 for 4 years at simple interest and other of Rs. 9000 for 2 years at compound interest. Find the total interest paid by him. a) Rs. 9180.9 b) Rs. 9980.0 c) Rs. 10080.9 d) Rs. 10180.9 e) Rs. 10980.9

Page 9 of 26

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Simple Interest and Compound Interest DI and Caselets for Upcoming Bank Mains Exam Total Investment (in Rs.Thousand) of Jigyasa and Ravi in 6 schemes 85

84 Total Investment

66

60

a) 17.5 b) 18 c) 16.5 d) 20

62

e) 15 42. What is the respective ratio between total amount invested by Jigyasa in schemes O and Q together and total amount invested by Ravi in the same scheme together?

26

M

N

O

P

Q

R

Schemes

a) 2608 : 1791 b) 1791 : 2618 c) 1791 : 2609

Percentage of Jigyasa's investment out of total investment 64

60 % of Investment

e) 1781 : 2509 43. Ravi invested in scheme R for 4 yr. If scheme R offers simple interest at 7% per annum for the first two years and then compound interest at 10% per annum (compound annually) for the 3rd and 4th year, then what will be the interest earned by Ravi after 4 yr?

52 41

40

d) 1771 : 2509

29

a) Rs. 10710 b) Rs. 11610 c) Rs. 10242 M

N

O P Schemes

Q

R d) Rs. 11364 e) Rs. 11886

41. Scheme M offers simple interest at a certain rate of interest (per cent per annum). If the difference between the interest earned by Jigyasa and Ravi from scheme M after 8 years is Rs. 4435.20. What is the rate of interest (per cent per annum)?

44. Amount invested by Jigyasa in scheme S is equal to the amount invested by him in scheme N. The rate of interest per annum of schemes S and N are same. The only difference is scheme S offers compound interest Page 10 of 26

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Simple Interest and Compound Interest DI and Caselets for Upcoming Bank Mains Exam (compounded annually), whereas the scheme N offers simple interest. If the difference between the between the interest earned by Jigyasa from both the schemes after 2 yr is Rs. 349.92, then what is th...