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: In what time will a sum of money double itself @ 20% per annum (p.a.) simple interest?

Answer:5 years


Question: At r% per annum a sum doubles after 20 years. The rate of interest per annum is:

Answer:5%


Question: A sum of money trebles (i.e. 3 times) in 15 years at r% of simple interest per annum. What is the value of r?

Answer:40/3%


Question: A sum of money doubles itself in 12 years. In how many years would it treble itself?

Answer:24 years


Question: Out of a sum of Rs. 625, a part was lent at 5% SI and the other at 10% SI. If the interest on the first part after 2 years is equal to the interest on the second part after 4 years. Then the second sum (in Rs.) is:

Answer:125


Question: A sum of Rs. 2500 is lent out in two parts; one at 12% p.a. and another at 12.5% p.a. for one years. If the total annumal income is Rs. 306, the money lent at 12% is:

Answer:125


Question: Akul lent Rs. 6000 to bakul for 2 years for 2 years and Rs. 1500 to camlin for 4 years and received altogether from both Rs. 900 as simple interest. The rate of interest is:

Answer:1300


Question: A person takes a loan of Rs. 200 at 5% simple interest. He returns Rs. 100 at the end of one year. In order to clear his dues at the end of 2 years, he would pay:

Answer:115.50


Question: A lends a sum of money for 10 years at 5% SI. B lends double the amount for 5 years at the same rate of interest. Which of the following statements is true in this regard?

Answer:A will get the same amount of interest that B would get


Question: Consider the following statements.
If money is loaned at simple interest then the:
1- money gets doubled in 5 years if the rate of interest is 162/3%
2- money becomes four times in 10 years if it gets doubled in years.
3- money becomes four times in 10 years if it gets doubled in 5 years.
of these statements:


Answer:alone is correct


Question: Pratibha invests an amount of Rs. 15,860 in the names of her three daughters A,B and C in such a way that they get the same interest after 2,3 and 4 years respectively. If the rate of simple interest is 5% p.a., then the ratio of the amounts invested among A,B and C will be:

Answer:1/10:1/15:1/20


Question: What annual payment will discharge a debt of Rs. 580 in 5 years. The rate being 8% p.a.?

Answer:100


Question: Find the amount of Rs. 2500 invested at 12% during the period from 4th February, 2005 to 18 April 2005:

Answer:Rs.2560


Question: Find the amount of Rs. 1700 invested at 16% half yearly at simple interest for one year:

Answer:2244


Question: The compound interest on Rs. 1000 at 10% p.a. in 3 years is:

Answer:331


Question: The compound interest on Rs. 10000 at 20% p.a. in 4 years:

Answer:10736


Question: The compound interest on Rs. 4000 at 25% p.a. in 3 years:

Answer:3812.5


Question: The compound interest on Rs. 5000 at 30% per annum for 4 years:

Answer:9280.5


Question: A sum of Rs. 400 would become Rs. 441 after 2 years at r% compound interest, find the value of ‘r’:

Answer:5%


Question: At comound interest, if a certain sum of money doubles in n years, then the amount will be four fold in:

Answer:2n years