SNAP PYQs on SI & CI with Solutions: Practice SNAP Previous Year Questions

Students of an MBA school have got together to constitute a fund where each student has contributed Rs. 10000. This group of 20 students laid down certain rules for investment where it was agreed that 50 percent of the fund would be invested in riskless government securities while the rest 50 percent would be invested in equities. At the end of the year the group realizes that the crash in the stock market has left them with zero return on equities but 1 percent dividend gain on the shares bought. The return on the riskless government security has been 7.8 percent in the last year. If the gains are to be divided equally, the gain per student is

₹ 45000 is deposited at compound interest for 4 years. The rates are 6% (1st year), then increase by 1% each year (so 7%, 8%, 9%). Find the approximate amount at the end of 4 years.

A sum of INR 15000 is put on compound interest. This sum becomes 2 times in 5 years at this rate. What would the original sum become after 20 years?

Given questions below is followed by three statements. Study the questions and statements, identify which option is necessary to answer the question.
What is the principal sum ?
I. The interest amount after 30 months is half the interest amount after five years.
II. The sum amounts to rs 750 in a five years at simple interest rate.
III. The rate of interest is 8% p.a.

A sum of Rs 45,000 amounts to 68040 in 3 years with Interest compounded annually. The ROI is 8 % pa for the first year as 12% pa for the second year. Find the ROI of the third year.

A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is :

A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:

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 is Rs. 3508, what was the amount invested in Scheme B ?

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 is Rs. 3,508, what was the amount invested in Scheme B?

A man invests certain amount at 6% per annum simple interest and another amount at 7% per annum simple interest. His income from the interest after 2 years was Rs. 348. The ratio of first amount to second is 4:5. Find the total amount invested.

The difference between CI and SI for a loan is \rupee114 when invested for 2 years at the rate of 6\% per annum. Find the loan amount.

A sum of INR 27800 is invested for 2 years in 2 different schemes, both on simple interest. The rates of interest are 14% and 11% in the 1st and 2nd schemes respectively. The total interest after 2 years is INR 7016. What sum was invested in the 2nd scheme?

On a certain principal, CI and SI at a certain rate of interest for 2 years is ₹ 16560 and ₹ 14400 respectively. Find the principal and rate of interest per annum.

Rs. XYZ was deposited at simple interest at a specific rate for 3 years. Had it been deposited at 2% higher rate, it would have fetched Rs. 360 more. Find Rs. XYZ.

A man lends some money to his friend at 5% per annum of interest rate. After 2 years, the difference between the Simple and the compound interest on money is Rs. 50. What will be the value of the amount at the end of 3 years if compounded annually?