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Interest Rate Problems and Solutions

The document contains a series of mathematical problems related to interest calculations, including both simple and compound interest scenarios. It presents multiple-choice questions that require finding rates of interest, total amounts, and other financial metrics based on given conditions. These problems are sourced from various competitive exams, including RRB ALP and UPSC CDS, for the year 2024.

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Subhra Nag
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0% found this document useful (0 votes)
65 views5 pages

Interest Rate Problems and Solutions

The document contains a series of mathematical problems related to interest calculations, including both simple and compound interest scenarios. It presents multiple-choice questions that require finding rates of interest, total amounts, and other financial metrics based on given conditions. These problems are sourced from various competitive exams, including RRB ALP and UPSC CDS, for the year 2024.

Uploaded by

Subhra Nag
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

1

[Link] a sum amounts to 2 4 times the sum after


2 years on a certain rate of compound
interest, compounded annually, then find
the rate of interest per annum.
[RRB ALP, 2024]
(i) 30% (ii) 50% (iii) 25% (iv) 40%
2.A invests ₹8000 and B invests ₹11,000 at
the same rate of simple interest per
annum. If, at the end of 3 year, B gets
₹720 more interest then find the rate of
simple interest per annum. [RRB ALP,
2024]
(i) 12% (ii) 10% (iii) 6% (iv) 8%
3.A sum of money doubles itself at a certain
rate of compound interest in 12 years
when the interest is compounded annually.
In how many years will it become 8-times
if itself? [RRB ALP, 2024]
(i) 36 year (ii) 12 year (iii) 48 year (iv)
24 year
4.A sum of money lent on simple interest
becomes 7/5 of itself in 4 years. Find the
rate of interest per annum? [RRB ALP,
2024]
(i) 10% (ii) 12% (iii) 6% (iv) 15%
[Link] borrowed a sum of ₹9000 from
Jayshree at 10% per annum on compound
interest, compounded annually. Find the
total amount paid by Aruna after 2 years
to clear all the dues? [RRB ALP, 2024]
(i) ₹10098 (ii) ₹10890 (iii) ₹10980 (iv)
₹10089
[Link] what rate percent per annum will a
certain sum of money multiply itself by 55
times in 2 years, the interest being
compounded annually (correct to one
decimal place)? [RRB RPF SI, 2024]
(i) 644.2% (ii) 642.9% (iii) 641.6% (iv)
638.5%
[Link] at same rate of interest, in 2 years, the
simple interest is ₹60 and compound
interest is ₹63, then what is the principal?
[RRB RPF SI, 2024]
(i) ₹293 (ii) ₹304 (iii) ₹300 (iv) ₹295
[Link] difference between the simple interest
and the compound interest, compounded
annually, on a certain sum of money for 2
years at 6% per annum is ₹78. Find the
sum. [RRB RPF SI, 2024]
(i) ₹21,652 (ii) ₹21,666 (iii) ₹21,672
(iv) ₹21,682
[Link] the simple interest on ₹2000 at
6.25% per annum rate of interest for the
period from 14th February, 2023 to 28th
April, 2023? [RRB RPF SI, 2024]
(i) ₹24 (ii) ₹25 (iii) ₹23 (iv) ₹26
10. Anushka invested a sum of ₹6400 at
5% per annum compound interest,
compounded annually. If she received an
amount of ₹7056 after n years, the value
of n is - [RRB RPF SI, 2024]
(i) 2 years (ii) 2.40000009536743 years
(iii) 3 years (iv) 1.20000004768372 years
11. If the interest earned during the 2nd
year on a certain sum is ₹6787 and the
rate of interest is 10% per annum
compounded annually, then find the sum.
[RRB RPF SI, 2024]
(i) ₹60,805 (ii) ₹61,700 (iii) ₹62,005
(iv) ₹62,530
12. The amounts x, y, z are such that y is
the compound interest on x, and z is the
compound interest on y. The rate of
interest per annum and the time period in
years are same. Which one of the following
is correct? [UPSC CDS, 2024]
(i) x2 = yz (ii) y2 = zx (iii) z2 = xy
(iv) x = yz
13. The sum invested in scheme B is thrice
the sum invested in scheme A. The
investment in scheme A is made for 4 year
at 8% interest rate and scheme B is made
for 2 years at 13% interest rate. The total
simple interest earned from both the
scheme is ₹1320. How much amount was
invested in scheme A? [R. S.
Agarwal, Page No. 652, Q. No. - 106]
(i) ₹1200 (ii) ₹1140 (iii) ₹960
(iv) ₹1500
14. The interest earned on ₹15,000 in 3
years at simple interest is ₹5400. Find the
rate of interest. [R. S. Agarwal,
Page No. 652, Q. No. - 105]
(i) 11.5% (ii) 12% (iii) 12.5%
(iv) 15%
15. A sum of money was invested for 14
years in scheme A, which offered simple
interest at a rate of 8% per annum. The
amount received from scheme A after 14
years was then invested for 2 years in
scheme B, which offers compound interest
(compounded annually) at a rate of 10%
per annum. If the interest received from
scheme B was ₹6678, what was the sum
invested in scheme A? [R. S.
Agarwal, Page No. 652, Q. No. - 104]
(i) ₹15500 (ii) ₹14500 (iii)
₹16000 (iv) ₹15000
16. A sum becomes its double in 10 years.
Find the annual rate of simple interest.
[R. S. Agarwal, Page No. 652, Q. No. - 103]
(i) 8% (ii) 5% (iii) 10% (iv)
20%
17. A man buys a TV priced at ₹16000. He
pays ₹4000 at once and the rest after 15
months on which he is charged a simple
interest at the rate of 12% per year. The
total amount he pays for the TV is :
[R. S. Agarwal, Page No. 652, Q. No. - 102]
(i) ₹18,200 (ii) ₹17,800 (iii)
₹17,200 (iv) ₹16,800
18. Find the amount to be received after 2
years 6 months at the rate of 5% per
annum of simple interest on a sum of
₹3200. [R. S. Agarwal, Page No.
652, Q. No. - 101]
(i) ₹3800 (ii) ₹3500 (iii) ₹3600
(iv) ₹3900
19. A man invested 1/3rd of his capital at
7%, 1/4th at 8% and the remainder at 10%
rate of interest. If his annual income is
₹561, then find the capital. [R. S.
Agarwal, Page No. 651, Q. No. - 100]
(i) ₹5400 (ii) ₹6000 (iii) ₹6600
(iv) ₹7200

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