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: Rs. 100000 was invested by Mohan in fixed deposit @ 10% per annum at CI. However every year he has to pay 20% tax on the compound interest. How much money does Mohan has after 3 year?

Answer:none of these


Question: A property dealer bought a rectangular plot (of land) in Noida 5 years ago at the rate of Rs.1000 per m^2. The cost of plot is increases by 5% in every 6 years and the worth of a rupee falls down at a rate of 2% in every 5 years. What is the approximate value of the land per 〖meter〗^2 25 years hence?

Answer:Rs. 1134


Question: A and B run a joint in which the profit earned by A and B are in the ratio 28:15. A invest his share at the start of the year and B joins in after 9 months of the same year. What is the ratio of their initial investment respectively?

Answer:7:15


Question: In the previous problem if A gets a profit of Rs. 4200 the amount invested by B is:

Answer:can't be determined


Question: Arvind and Govind each invested Rs. 15000 for 3 years at the same rate of interest but Arvind’s investment is compounded annually while Govind’s investment is charged on simple interest. What amount did Arvind received more than Govind?

Answer:data insufficient


Question: Hari Lal and Hari Prasad have equal amounts. Hari Lal invested all his amount at 10% compound annually for 2 years and Hari Prasad invested 1/4 at 10% comopound interest (annually) and rest at r% per amount received by both at the end of 2 year is same. What is the value of r?

Answer:10.5%


Question: The annual sales of a company in the year 2000 was Rs. 1000 and in the year 2005 was Rs. 2490. Find the compounded annual growth rate (CAGR) of sales in the given period of the same company:

Answer:14.289%


Question: HDFC lends 1 million to HUDCO at 10% simple interest p.a. for 2 years and HUDCO lends the same amunt to SAHARA STATES HOUSING corporation at 10% p.a. of compound interest for 2 years. What is the earning of HUDCO in this way?

Answer:Rs.131000


Question: ICCI lent Rs. 1 lakh to captain Ram Singh @ 6% per annum of simple interest for 10 years period. Meanwhile ICCI offered a discount in rate of interest for armed forces. Thus the rate of interest ICCI decreased to 4%. In this way Ram Singh had to pay total amount 1.48 lakh.

Answer:4 years


Question: A sum of money becomes Rs. 13, 380 after 3 years and Rs. 20, 070 after 6 years on compound interest. The sum (in Rupees) is:

Answer:8920


Question: A sum of Rs.2000 was lent partly at 6% and partly at 7% . The total simple interest received after 4 years was 532. The sum lent at 6% was:

Answer:Rs.700


Question: The compound interest on Rs.1800 at 10% per annum for certain period of time is Rs.378. Find the time (in yr. )

Answer:2.0


Question: The compound interest on a certain sum of money for 2 years at 5% per annum is Rs.410. The simple interest on the same sum at the same rate and for the same time is :

Answer:Rs.400


Question: A man gave 50% of his savings of Rs/84100 to his wife and divided the remaining sum among his two sons A and B of 15 and 13 years of age respectively. He divided it in such a way that each of his sons, when they attain the age of 18 years. would receive the same amount at 5% compound interest per annum. The share of B was:

Answer:20000


Question: At what rate will a sum of Rs.1000 amount to Rs.1102.50 in 2 yr. at compound interest ?

Answer:5%


Question: A certain sum, invested with interest of 8% per annum, compounded semi-annually amounts to Rs.6760 at the end of 1 yr. The Sum is :

Answer:Rs/6250


Question: The difference between the compound interest and simple interest on a certain sum for 2 yr. at 10% per annum is Rs.300. Find the sum.

Answer:30000


Question: The simple interest on Rs.4000 in 3 yr. at the rate of x% per annum equals to the simple interest on Rs.5000 at the rate of 12% per annum in 2 yr. The value of x is :

Answer:10%


Question: The interest on a certain sum of money is Rs.22 and the discount on the same sum for the same time and at the same rate is Rs.20 find the sum:

Answer:Rs.220


Question: There is 100% increase to an amount in 8 yr, at simple interest. Find the compound interest of Rs.8000 after 2 yr. at the same rate of interest.

Answer:Rs.2125