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Simple and Compound Interest QUESTIONS

Exam NameSimple and Compound Interest QUESTIONS
DescriptionSimple and Compound Interest QUESTIONS and Answers exams contains the questions from various competitive exams.These questions are the part of previous year paper.These kind of questions would be helpful in preparing for exams like IAS, PCS, UPSC, NDA, CDS SSC, RRB, PSC, IBPS
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Question: A person borrows Rs.5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6 (1/4)% p.a. for 2 years. Find his gain in the transaction per year.


Question: 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 ?

Answer:4 years

Question: A sum of Rs.12500 amounts to Rs.15500 in 4 years at the rate of simple interest What is the rate of interest ?


Question: Reena took a loan of Rs1200 with simple interest for as many years as the rate of interest. If she paid Rs.432 as interest at the end of the loan period, what was the rate of interest ?


Question: 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:


Question: What is the present worth of Rs.132 due in 2 years at 5% simple interest per annum?


Question: A sum fetched a total simple interest of Rs.4016.25at the rate of 9% p.a. in 5 years. What is the Sum ?


Question: Rs.800 becomes Rs.965 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will Rs.800 become in 3 years ?


Question: A certain amount earns simple interest of Rs.1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?

Answer:Cannot be determined

Question: In how many year Rs.150 will produce the same interest @8% as Rs.800 produce in 3 years @4(1/2)% ?


Question: A sum of money at compound interest double itself in 15 years , it will become eight times of itself in

Answer:45 years

Question: At what rate percent perannum will a sum of rs 1000 amount to rs 1102.5 in 2 year at compount interest?


Question: A certain sum of money yields rs1261 as compound interest for 3 years at 5% per annum. the sum is


Question: What annual payment will discharge a debt oi¬Rs. 6,450 due in 4 years at 5% per annum simple interest ?


Question: A man lent Rs. 60,000, partly at 5% and the rest ".. at 4% simple interest. If the total annual inter est is Rs. 2560, the money lent at 4% was


Question: The simple interest on a sum of money is 1/16 of the principal and the number of years is equal t, the rate per cent per annum. The rate per annum is


Question: A sum of money at some rate of simple interest amounts to Rs. 2,900 in 8 years and to Rs. 3,000 in 10 years. The rate of interest per annum is


Question: What equal instalment of annual payment will discharge a debt which is due as Rs. 848 at the end of 4 years at 4% per annum simple interest ?


Question: If the simple interest for 6 years be equal to 30% of the principal, it will be equal to the principal after

Answer:20 years

Question: A sum of Rs. 1500 is lent out in 'two parts in such a way that the simple interest on onepart at 10% per annum for 5 years is equal to that on "¢ another part at 12.5% per annum for 4 years. The sum lent out at 12.5% is