S.I. & C.I.

A man took a loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs.5400 interest only for the period. The principal amount borrowed by him was?

• Rs.2000

• Rs.10, 000

• Rs.15, 000

• Rs.20, 000

How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?

• 3.5 years

• 4 years

• 4.5 years

• 5 years

The simple interest on Rs.1820 from March 9, 2003 to May 21, 2003 at 7 1/2 % rate will be

• 22.50

• 27.30

• 28.80

• 29

A sum of money at simple interest amounts to Rs.815 in 3 years and to Rs.854 in 4 years. The sum is:

• 650

• 690

• 698

• 700

Find the compound interest on Rs.16, 000 at 20% per annum for 9 months, compounded quarterly.

• 2522

• 2512

• 2572

• 2592

A bank offers 5% compound interest calculated on a half-yearly basis. A customer deposits Rs.1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:

• 120

• 121

• 122

• 123

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:

• 6.06

• 6.07

• 6.08

• 6.09

Find the compound interest at the rate of 5% per annum for 2 years on that principal which in 2 years at the rate of 5% per annum given Rs. 400 as simple interest.

• 410

• 165

• 170

• 200

Find the compound interest on Rs. 2000 at the rate of 4 % per annum for 1.5 years. When interest is compounded half-yearly?

• 132

• 122

• 144

• 220

Kishan borrowed a certain sum from the bank. The bank charges a simple interest of

10 % per annum. Kishan later realized that he no longer needs the entire money. So he

lent 60 percent of the borrowed sum to Vikas at the rate of 20% per annum

compounded annually. At the end of 3 years, Vikas paid him a sum of Rs. 1555200.

How much amount(in Rs.) will Kishan pay to the bank if he repays the entire loan at

the end of 4 years?

• 2400000

• 2700000

• 2100000

• 2500000