1. Three partners A, B and C area invest Rs.1600, Rs.1800, and Rs. 2300 respectively in a business.

How should they divide the profit Rs. 1938 ? A) Rs. 544, Rs. 612, Rs. 782 C) Rs. 544, Rs. 610, Rs. 784
Ans:: A

B) Rs. 540, Rs. 616, Rs. 782 D) Rs. 540, Rs. 610, Rs. 788

2. X,Y and Z enter into partnership. X advances Rs. 12,000 for 4 months , Y Rs. 14000 for 8 months and Z Rs.10,000 for 10 months. They gain Rs. 5850 together. Find the share of each. A) Rs. 1085, Rs. 2515, Rs. 2250 B) Rs. 1080, Rs. 2570, Rs. 2200 C) Rs. 1080, Rs. 2500, Rs. 2270 D) Rs. 1080, Rs. 2520, Rs. 2250
Ans:: D

3. A and B enter into a partnership for a year. A contributes Rs. 1500 and B Rs. 2000. After 4 months, they admit C , who contributes Rs.2250. If B withdraws his contribution after 9 months how would they share a profit of Rs. 900 at the end of the year ? A)6 : 8 : 9 B)8 : 6 : 9 C)1 : 1 : 1 D)1 : 2 : 3
Ans:: C

4. A, B and C enter into a partnership. They invest Rs. 40,000 , Rs. 80,000 and Rs. 1,20,000 respectively. At the end of the first year, B withdraws Rs. 40,000, while at the end of the second year , C withdraws Rs. 80,000. In what ratio will the profit be shared at the end of 3 years.

A) 3 : 4 : 7
Ans:: A

B) 5 : 6 : 9

C) 2 : 1 : 4

D)2 : 2 : 3

5. P invested Rs.64,000 in a business. Q joined him with Rs. 48,000 after a few months the total profit was divided among them in the ratio 2:1 towards the end of year. After how many months did Q join.

A) 3 months
Ans:: C

B) 5 months

C) 4 months

D) 2 months

6.

Four milkmen rented a pasture. A grazed 24 cows for 3 months, B 10 cows for 5

months, C 35 cows for 4 moths and D 21 cows for 3 months. If As share of rent is R s. 720, find the total rent of the field. A)Rs.3,250 Ans:: A 7. A invested Rs. 76,000 in a business. After few months, B joined him with Rs. 57.000. At the end of the year, the total profit was divided between them in the ratio 2:1 after how many months did B Join? A) 3 months B) 5 months C) 4 months D) 2 months
Ans:: C

B)Rs 3,373

C)Rs. 4,352

D)Rs. 3,260

8. In a business A and C invested amounts in the ratio 2:1, where as the ratio between amounts invested by A and B was 3:2. If Rs 1,57,300 was their profit, how much amount did B receive. A)Rs.48,400
Ans:: A

B)Rs 43,300

C)Rs. 42,352

D)Rs. 35,260

1 1 1 : : after 2 3 4 2 months, A withdraws half of his capital and after 10 months , a profit of Rs. 378 is divided among them. What is Bs share?

9.

A, B and C enter into a partnership and their shares are in the ratio

A)Rs. 129
Ans:: B

B)Rs 144

C)Rs. 156

D)Rs. 168

10. If 4 (As capital ) = 6 (Bs capital) = 10 (Cs capital ) then out of a pro fit of Rs. 4650, C will receive Rs. ? A)Rs. 465 B)Rs 900 C)Rs. 1550 D)Rs. 2250

Ans: C (hint take 4A = 6B = 10C = K so that A;B:C = 15:10:6) 11. A, B, C hired a car for Rs. 520 and used it for 7, 8 and 11 hours respectively. Hire charge paid by B was : A)Rs. 140 B)Rs 160 C)Rs. 180 D)Rs. 220

Ans: B 12. S.l. on Rs 6250 at 14% per annum for 146 days. A)Rs. 340 Ans:: B Explanation:: P = Rs. 6250, R = 14 % p.a. & T = (146/365) year = 2/5 year. B)Rs 350 C)Rs. 380 D)Rs. 360

:. S.l. = Rs (6250 x 14 x 2/5 x 1/100) = Rs 350. 13. At what rate percent per annum will a sum of money double in 8 years A)13.5% B)10.5% C)11.5% D)12.5%0 Ans:: D Sol. Let principal = P, Then, S.I. =P and Time=8 years .. Rate = [(100 x P)/ (P x 8)] % = 12.5% per annum.. 14. A sum of Rs. 800 amounts to Rs. 920 in 8 years at simple interest rate is increased by 8%, it would amount to bow much? A)Rs. 342 Ans:: B Solution: S.l. = Rs. (920 - 800) = Rs. 120; p = Rs. 800, T = 3 yrs. _ . R = ((100 x 120)/(800*3) ) % = 5%. New rate = (5 + 3)% = 8%. New S.l. = Rs. (800*8*3)/100 = Rs. 192. : New amount = Rs.(800+192) = Rs. 992. 15. 26 What is the interest Alex has to pay on a sum of $1000 at the end of 3 years at 6% per annum simple interest? A)$180 B)$152 C)$108 D)$162 B)Rs 992 C)Rs. 192 D)Rs. 365

Ans:: A Sol: Simple Interest = PTR/100 = 100036/100 = $180 16. 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? A) 3.5 years B) 4 years Ans::B 17. A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest? A) 3% Ans::D 18. A sum of Rs. 1600 gives a simple interest of Rs.252 in 2 years and 4 months. The rate of the interest per annum is A) 6% Ans::D 19. Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest if she paid Rs.432 as interest at end of the loan period what was the rate of interest (a) 3.6 Ans:: B 20. 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 A) 2000 Ans::C 21. What is the present worth of Rs.132 due in 2 years at 5% simple interest p.a? A) Rs.112 Ans::C B) Rs.118.80 C) Rs.120 D) Rs.122 B) 10000 C) 15000 D) 20000 (b) 6 (c) 18 (d) cannot be determine B) 6 % C) 6 % D) 6 % B) 4% C) 5% D) 6% C) 4.5 years D) 5 years

22. Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually. A) Rs.512 Ans:: C
Solution

B) Rs.552

C) Rs.612

D) Rs.622

= Rs[7500x(1+4/100)] Amount =Rs.(7500x26/25x26/25) = Rs.8112. = Rs(8112 - 7500) C.I =Rs.612.

23. Find the compound interest on Rs.16,000 at 20% per annum for 9 months, compounded quartely. A) Rs.2552 Ans:: A
Solution

B) Rs.2512

C) Rs.2572

D) Rs.2592

Principal Time=9 months

= Rs.16,000; = 3 quarters;

Amount =Rs.[16000x(1+5/100)]

=[16000x21/20x21/20x21/20] = Rs.18522. = Rs.(18522 - 16000)

C.I = Rs.2522. 24. Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on

simple interest is A) Rs.1550 Ans::C

Solution

B) Rs.1650

C) Rs.1750

D) Rs.2000

C.I.

=Rs[4000x(1+10/100)-4000]

Rs.(4000x11/10x11/10-4000) = Rs.940. =Rs. [420x100 /3x8] Sum

25. Albert invested an amount of Rs.8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit? A) Rs.8600 B) Rs.8620 C) Rs.8840 D) Rs.8820

Ans:: D
Solution

=Rs.[8000x(1+5/100) ] Amount = Rs. [8000 x 21/20x21/20] = Rs.8820. 26. The present worth of Rs.169 due in 2 years at 4% per annum compound interest is A) Rs.150.50 B) Rs.154.75 C) Rs.156.25 D) Rs.158 Ans:: C
Solution

= Rs.[169/(1+4/100)] Present Worth = Rs.(169x25/26x25/26)

= Rs.156.25

1. A sum of Rs. 1550 is lent out into two parts, one at 8% and another one at 6%. If the total annual income is Rs. 106. Find the money at 8% simple interest rate. a) 650 b) 600 c)700 d)1000 Answer: a

2. How much will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest? a) 1 year b) 2 years c) 3 years d) 4 years Answer: d

Solution: 3. What is the present worth of Rs. 132 due in 2 years at 5% simple interest per annum? a) Rs. 112 b) Rs. 118.80 c) Rs. 120 d) Rs. 122 Answer: c Solution:

4. A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest? a) 3% b)4% c)5% d) 6% e) none of the these Answer: 6% Solution:

5. What will be the ration of simple interest earned by certain amount at the same ratio of interest for 6 years and that for 9 years? a) 1:3 b) 1:4 c) 2:3 d) 1:2 Answer: c Solution:

6. The simple interest on a sum of money at 8% per annum for 6 years is half the sum. The sum is: a) Rs. 4800 b) Rs. 6000 c) Rs. 9000 d) Data inadequate Answer: d Solution:

7. A sum of money becomes 7/6 of itself in 3 years at a certain rate of simple interest. The rate per annum is: a) 50/9 % b) 10/9% c) 53/9% d) 47/9% Answer: a

8. The sum of Rs. 800 amounts to Rs. 920 in 3 years at simple interest. If the interest is increased by 3%, it would amount to how much? a) 990 b) 890 c) 720 d) 1000

Answer: a Solution:

9. Find the compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually a) 512 b) 612 c) 712 d) 812 Answer: b Solution:

10. Find the compound interest on Rs. 16,000 at 20% per annum for 9 months, compounded quarterly? a) 2500 b) 2600 c) 2522 d) 2622 Answer: c Solution:

11. If Rs. 500 amounts to Rs. 583.20 in two years compounded annually, find the rate of interest per annum? a) 6% b) 8% c) 10% d) 12% Answer: b

12. What will be the compound interest on a sum of Rs. 8000 after 2 years at the rate of 5 percent per annum? a) Rs. 8820 b) Rs. 9720 c) Rs. 9920 d) Rs. 9820 Answer: a Solution:

13. A Sum of money doubles itself at compound interest in 15 years. In how many years will it become eight times? a) 40 b) 30 c) 45 d) 50 Answer: c solution:

14. In what time will Rs. 1000 become Rs. 1331 at 10% per annum compounded annually? a) 3 years b) 4 years c) 6 years d) 8 years Answer: a

15. What will be the difference between simple and compound interest at 10% per annum on a sum of Rs. 1000 after 4 years? a) 64.10 b) 84.10 c) 54.10 d) 40.40 Answer: a Solution: