ALLAHABAD HIGH COURT (INTEREST) MATH QUIZ

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Question 1:

Sumit earned ₹ 10,692 as simple interest on ₹ 29,700 at a certain rate of interest for 3 years. His friend Anil invested ₹ 12,500 for 2 years at the same rate of interest but on compound interest compounded annually. How much did Anil earn as interest?

Question 2:

Geeta deposited ₹ 64000 in a bank at 5% p.a. compound interest compounded annually. Find the interest earned after 1 year 6 months.

Question 3:

What is the compound interest (in ₹) on a sum of ₹ 1,25,000 at 15% per annum for 2 years if the interest is compounded 8-monthly?

Question 4:

A man borrowed ₹ 50000 for 2 years at a rate of 2% on compound interest. The difference in the amount at the end of the first year and that at the end of the second year is

Question 5:

A sum of ₹ 12,500 amounts to ₹ 15,125 at 10% p.a. in a certain time, interest compounded annually. What will be the amount of the same sum at 15% p.a. for the same time, interest compounded 8-monthly? (Nearest to a ₹)

Question 6:

The simple interest on a certain sum of money at the rate of 7.5% p.a. for 8 years is ₹ 4,080. At what rate of interest can the same amount of interest be received on the same sum for 5 years?

Question 7:

A sum was put at simple interest at a certain rate for 2 years. If it had been put at 4% higher rate, it would have fetched ₹ 480 more. Find the sum.

Question 8:

A money lender finds that due to a fall in the annual rate of interest from $10 \%$ to $8 \frac{3}{4} \%$, his year's income diminishes by ₹ $84.50$. Find his capital.

Question 9:

Somu has borrowed ₹ 10,000 from a money lender with simple interest at a rate of 7 % per 6 months. How much amount will he pay to the money lender after 3 years ?

Question 10:

A certain sum amounts to ₹ 12,740 in 4 years and to ₹ 15,925 in 7$\frac{1}{2}$ years at the same rate percentage per annum at simple interest. The sum (in ₹) and the rate percentage per annum, respectively, are