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Simple & Compound Interest - Past Year Questions

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Q1:

Sagarika divides her savings of 1000010000 rupees to invest across two schemes A and B. Scheme A offers an interest rate of 10%10\% per annum, compounded half-yearly, while scheme B offers a simple interest rate of 12%12\% per annum. If at the end of first year, the value of her investment in scheme B exceeds the value of her investment in scheme A by 23102310 rupees, then the total interest, in rupees, earned by Sagarika during the first year of investment is
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Option: 4
Correct Answer
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Q2:

Person A borrows Rs. 4000 from another person B for a duration of 4 years. He borrows a portion of it at 3% simple interest per annum, while the rest at 4% simple interest per annum. If B gets Rs. 520 as total interest, then the amount A borrowed at 3% per annum in Rs. is:
3000
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Q3:

If the difference between compound interest and simple interest for a certain amount of money invested for 33 years at an annual interest rate of 10%10\% is INR 527527, then the amount invested in INR is
Answer options
Option: 1
Correct Answer
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Q4:

Assume it is the beginning of the year today. Ankita will earn INR 10,000 at the end of the year, which she plans to invest in a bank deposit immediately at a fixed simple interest of 0.5% per annum. Her yearly income will increase by INR 10,000 every year, and the fixed simple interest offered by the bank on new deposits will also increase by 0.5% per annum every year. If Ankita continues to invest all her yearly income in new bank deposits at the end of each year, the total interest earned by her, in INR, in five years from today will be
2500
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Q5:

If the compound interest earned on a certain sum for 2 years is twice the amount of simple interest for 2 years, then the rate of interest per annum is _______ percent
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Option: 1
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Q6:

An amount doubles itself at compound interest in 5 years. How many years will it take to make the amount 16 times itself ?
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Option: 4
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Q7:

Sumit has Rs. 90000 with him. He purchases three items A, B, and C for Rs. 15000, Rs. 13000, and Rs. 35000 respectively and puts the remaining money in a bank deposit that pays compound interest @15% per annum. After 2 years, he sells off the three items at 80% of their original price and also withdraws his entire money from the bank by closing the account. What is the total change in his asset?

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Option: 3
Correct Answer
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Q8:

A sum becomes double in 10 years, then what is the annual rate of simple interest?
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Option: 3
Correct Answer
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Q9:

A certain sum is lent at a certain rate of compound interest. It grows to 1.44 times its value in 2 years. If the same sum is lent at simple interest at the same rate, in how many years would it double itself?
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Option: 3
Correct Answer
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Q10:

Present sum of money amounts to Rs 800 in two years and to Rs 920 in three years, then the present sum of money is
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Option: 3
Correct Answer
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Q11:

Bhavani invested an amount of Rs. 13900 divided in two different schemes, A and B at the simple interest rate of 14% per annum and 11% per annum respectively if the total amount of simple interest earned in two year be Rs. 3508, what was the amount invested in Scheme B?
Answer options
Option: 1
Correct Answer
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Q12:

Veena has to pay Rs. 2460 to Sita, 5 months later at 6% simple interest per annum, and Gita has to pay Sita the same amount at 7.5% simple interest per annum after certain months. If both took the same amount of loan from Sita then Gita paid the loan after how many months?
Answer options
Option: 2
Correct Answer
Explanation →

Simple & Compound Interest - Past Year Questions (Free PDF Download)

Practice with our comprehensive collection of Simple & Compound Interest Past Year Questions (PYQs of IPMAT Indore, IPMAT Rohtak & JIPMAT) with detailed solutions. These questions are carefully curated from previous year papers to help you understand the exam pattern and improve your preparation.

Our free resources include handwritten solutions for all questions, making it easier to understand the concepts and approach. Use these PYQs to assess your preparation level and identify areas that need more focus. No login required. Compilation of IPMAT Indore, IPMAT Rohtak & JIPMAT Questions!