model 3 combination of si & ci Practice Questions Answers Test with Solutions & More Shortcuts

Question : 6 [SSC CGL Tier-I 2014]

A man borrowed some money from a private organisation at 5% simple interest per annum. He lended 50% of this money to another person at 10% compound interest per annum and thereby the man made a profit of Rs.3,205 in 4 years. The man borrowed.

a) Rs.1,50,000

b) Rs.80,000

c) Rs.1,20,000

d) Rs.1,00,000

Answer: (d)

Using Rule 1,

Sum borrowed = Rs.x

Simple interest after 4 years

= ${x × 4 × 5}/100$ = Rs.$x/5$

Amount lent of on compound interest = Rs.$x/2$

C.I. = P$[(1 + R/100)^T - 1]$

= $x/2[(1 + 10/100)^4 - 1]$

= $x/2[(1.1)^4 - 1]$

= $x/2$ (1.4641 - 1) = Rs.${0.4641x}/2$

${0.4641x}/2 - x/5$ = 3205

${2.3205x - 2x}/10$ = 3205

0.3205x = 32050

$x = 32050/{0.3205}$ = Rs.100000

Question : 7 [SSC CGL Prelim 2008]

The simple interest on a sum of money at 4% per annum for 2 years is Rs.80. The compound interest in the same sum for the same period is

a) Rs.81.60

b) Rs.82.60

c) Rs.81.80

d) Rs.82.20

Answer: (a)

Principal = $\text"S.I. × 100"/ \text"Time × Rate"$

= ${80 × 100}/{2 × 4}$ = Rs.1000

C.I. = P$[(1 + R/100)^T - 1]$

= 1000$[(1 + 4/100)^2 - 1]$

= 1000$[(25/26)^2 - 1]$

= 1000$(676/625 - 1)$

= 1000$({676 - 625}/625)$

= ${1000 × 51}/625$= Rs.81.60

Using Rule 10,

Here, S.I. = Rs.80, R = 4%, C.I. = ?

C.I.= S.I.$(1 + R/200)$

C.I.= 80$(1 + 4/200)$

= $80(1 + 1/50)$

= 80 × $51/50$ = Rs.81.60

Question : 8 [SSC CHSL Tier-I 2017]

There is 40% increase in an amount in 8 years at simple interest. What will be the compound interest (in rupees) of Rs 30000 after 2 years at the same rate ?

a) 3075

b) 6150

c) 4612.5

d) 7687.5

Answer: (a)

According to the question,

If principal

= Rs.100 then interest = Rs.40.

Case I.

Rate = $\text"S.I. × 100"/ \text"Principal × Time"$

= ${40 × 100}/{100 × 8}$ = 5% per annum

Case II.

A = P$(1 + R/100)^T$

= 30000$(1 + 5/100)^2$

= 30000$(1 + 1/20)^2$

= 30000$({20 + 1}/20)^2$

= 30000$ × 21/20 × 21/20$

= Rs.33075

C. I. = Rs.(33075 - 30000) = Rs.3075

Question : 9 [SSC CPO S.I.2003]

On a certain sum of money the compound interest for 2 years is Rs.282.15 and the simple interest for the same period of time is Rs.270. The rate of interest per annum is

a) 12.15%

b) 6.07%

c) 9%

d) 10%

Answer: (c)

Using Rule 10,

If SI on a certain sum for two years is x and CI is y, then

$y = x(r + /200)$

$282.15 = 270(1 + r/100)$

$1 + r/200 = 282.15/270$

$r/200 = 282.15/270$ - 1

$r/200 = {12.15}/270$

r = ${12.15 × 200}/270 = 9%$

Question : 10 [SSC CAPFs SI 2015]

A certain amount of money earns Rs.540 as Simple Interest in 3 years. If it earns a Compound Interest of Rs.376.20 at the same rate of interest in 2 years, find the amount (in Rupees).

a) 2100

b) 1600

c) 2000

d) 1800

Answer: (c)

S.I. for 2 years

= $2/3$ × 540 = Rs.360

C.I. - S.I.

= 376.20 - 360 = Rs.16.20

Rate of interest

= ${16.20}/180$ × 100 = 9% per annum

Principal = $\text"S.I. × 100"/\text"Time × Rate"$

= ${180 × 100}/{1 × 9}$ = Rs.2000

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