**Q1. Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9% p.a. for the next five years and 13% p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is Rs. 8160, how much money did he borrow?**

(a) Rs. 8000

(b) Rs. 10,000

(c) Rs. 12,000

(d) Data inadequate

**Q2. An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes:**

(a) 10%

(b) 10.25%

(c) 10.5%

(d) None of these

**Q3. A sum of money trebles itself in 15 years 6 months. In how many years would it double itself?**

(a) 6 years 3 months

(b) 7 years 9 months

(c) 8 years 3 months

(d) 9 years 6 months

**Q4. A lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is:**

(a) 5%

(b) 7%

(c) 7 1/8%

(d) 10%

**Q5. A moneylender finds that due to a fall in the annual rate of interest from 8% to 31/4%, his yearly income diminishes by Rs. 61.50. His capital is:**

(a) Rs. 22,400

(b) Rs. 23,800

(c) Rs. 24,600

(d) Rs. 26,000

**Q6. A person takes a loan of Rs. 200 at 5% simple interest. He returns Rs. 100 at the end of 1 year. In order to clear his dues at the end of 2 years, he would pay:**

(a) Rs. 105

(b) Rs. 110

(c) Rs. 115

(d) Rs. 115.50

**Q7. Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?**

(a) Rs. 6400

(b) Rs. 6500

(c) Rs. 7200

(d) Rs. 7500

**Q8. An amount of Rs. 1,00,000 is invested in two types of shares. The first yield an interest of 9% p.a. and the second, 11% p.a. If the total interest at the end of one year, is 39/4%, then the amount invested in each share was:**

(a) Rs. 52,500; Rs. 47,500

(b) Rs. 62,500; Rs. 37,500

(c) Rs. 72,500; Rs. 27,500

(d) Rs. 82,500; Rs. 17,500

**Q9. What amount payment will discharge a debt of Rs. 7620 due in 3 years at 50/3% per annum compound interest?**

(a) Rs. 3130

(b) Rs. 3420

(c) Rs. 3430

(d) Rs. 3240

**Q10. If the compound interest on a sum for 2 years at 25/2% per annum is Rs. 510, the simple interest on the same sum at the same rate for the same period of time is:**

(a) Rs. 400

(b) Rs. 450

(c) Rs. 460

(d) Rs. 480

Answers

1-

2-

3-

4-

5-

6-

7-

8-

9-

10-