Percentage Question Set 9

Hello Readers,

Percentage questions are asked in almost all competitive exams. They are followed by simple tricks and calculations, and cover about 2% of the paper marks. They also include questions from Compound Interest and Simple Interest. Here is a sample paper sheet of the missing number puzzle for your practice. Do give us a review.

Q1. A person lent out two equal amounts at 6% and 24% per annum simple interest each for a period of 18 months. he got total interest of Rs 4704. Which of these could be the amount that was lent out in each case if interest is paid half-yearly?
(a) Rs 14053
(b) Rs 10453
(c) Rs 15450
(d) Rs 13543
(e) Rs 12272

Q2. A sum of Rs 18,750 is left in will by a father to be divided between two sons, whose present age is 12 and 14 years respectively, such that when they attain maturity at 18, the amount (Principal + interest) received by each at 5% S.I. will be the same. Find the sum allotted at present to each son.
(a) Rs 9500, Rs 9250
(b) Rs 8000, Rs 1750
(c) Rs 9000, Rs 9750
(d) Rs 8500, Rs 10250
(e) None of these

Q3. The difference between CI and SI on a certain sum of money at 10% per annum for 3 years is Rs 620. Find the principal if it is known that the interest is compounded annually.
(a) Rs 2,00,000
(b) Rs 20,000
(c) Rs 10, 000
(d) Rs 1,00,000
(e) Rs 2,000

Q4. If the difference between compound interest and simple interest on a certain sum of money for 3 years at 10% p.a. (for both simple and compound interest) be Rs.1488 then find that sum in rupee.
(a) Rs. 48000
(b) Rs. 31250
(c) Rs. 35500
(d) Rs. 38550
(e) Rs. 35850

Q5. Find the compound interest at the rate of 10% for 3 years on that principal which in 3 years at the rate of 10% per annum gives Rs 300 as simple interest.
(a) Rs 331
(b) Rs 310
(c) Rs 330
(d) Rs 333
(e) Rs 341