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
Exam TypeMASTER EXAM
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Question: A person takes a loan of Rs.10000 partly from a bank at 8% per annum and remaining from another bank at 10% per annum. He pays a total interest of Rs.950/- per annum. Amount of loan taken from the first bank in (Rs.) is :

Answer:Rs.2500


Question: The rate of simple interest at which a sum of money becomes three times in 25 yr. is :

Answer:8%`


Question: The simple interest on a sum for 5 yr is one-fourth of the sum. The rate of interest per annum is :

Answer:5%


Question: The difference between the compound interest and simple interest on Rs.10000 for 2 yr is Rs.25. The rate of interest per annum is :

Answer:5%


Question: A sum of money placed at compound interest doubles itself in 4 yr. In how many years will it amount to four times itself ?

Answer:8 yr


Question: Rs.800 becomes Rs.956 in 3 yr. at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will Rs.800 become in 3 yr.?

Answer:Rs.1052


Question: Simple interest on a certain sum is 16/25 of the sum. The rate per cent, if the rate per cent and time (in yr.) are equal, is :

Answer:8%


Question: If the difference between SI and CI for 2 yr on a sum of money lent at 5% is Rs.6, then the sum is :

Answer:Rs.2400


Question: What annual payment will discharge a debt of Rs.6450 due in 4 yr. at 5% per annum simple interest ?

Answer:Rs.1500


Question: A sum of money at compound interest doubles itself in 15 yr. It will become eight times of itself in :

Answer:45 yr.


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

Answer:5


Question: In certain years a sum of money is doubled itself at 6 (1/4)% simple interest per annum, then the required time will be:

Answer:16 years


Question: A sum of money lent out at simple interest amount to Rs.720 after 2 Years and Rs.1020 after a further period of 5 Years. Find the principle.

Answer:Rs.600


Question: Ram deposited a certain sum of money in a company at 12% per annum simple interest for 4 years and deposited equal amount in fixed deposit in a bank for 5 years at 15% per annum simple interest. If the difference in the interest from two sources is Rs.1350 then the sum deposited in each case is :-

Answer:Rs.5000


Question: The compound interest on a sum of money for 2 yr is Rs.615 and the simple interest for the same period is Rs.600. Find the principal.

Answer:6000


Question: The present worth of a bill due 7 months hence is Rs.1200 and if the bill were due at the end of 2(1/2) yr. its present worth would be Rs.1016. The rate per cent is :

Answer:15


Question: A sum doubles itself in 16 yr., then in how many years will it treble itself; rate of interest being simple.



Question: A sum of Rs.210 was taken as a loan. This is to be paid back in two equal installments. If the rate of interest be 10% compounded annually, then the value of each installment is ::

Answer:121


Question: Find the difference between the compound interest and the simple interest on Rs.32000 at 10% per annum for 4 yr.

Answer:2051.20


Question: A sum of Rs.800 amounts to Rs.920 in 3 yr at the simple interest rate. If the rate is increased by 3% per annum. what will be the sum amount to in the same period ?

Answer:Rs.992