Quantitative Aptitude

Simple and Compound Interest

3,394 Questions

All Simple interest and its inverse forms 768 Compound interest with annual compounding 742 Simple-interest growth and split sums 626 Difference between compound and simple interest 479 Half-yearly and quarterly compounding 252 Changing rates and fractional years 201 Installments (CI based) 190 Ratio of principal to interest 118 Population growth and depreciation 16

Simple and Compound Interest Questions

Multiple choice

Find the sum of simple interest and compound interest on Rs. $10,000$ for $2$ years, compounded annually at $10\%$ per annum both exclusively.

$4200$
$4000$
$4100$
$4500$

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Multiple choice

Ekansh borrowed Rs.$50,000$ for $2$ years at $20$ % per year compound interest. Calculate the final amount at the end of the second year.

$70,000$
$71,000$
$72,000$
$75,000$

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Multiple choice

If the compound interest on sum of Rs. $29000$ for $2$ years is Rs. $9352.5$ Find the rate of interest.

$10$
$12$
$15$
$18$

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Multiple choice

If you deposited $200 $ in an one year investment that paid interest at the rate of $12$% compounded quarterly, what amount would you have after $1$ year?

$225.1$
$1882$
$1892$
$1872$

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Multiple choice

Find the amount on a deposit of Rs. $2100$, earning $4$% interest compounded quarterly for $2$ years(approx.).

$2272$
$2372$
$2472$
$2572$

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Multiple choice

Find the compound interest approximately rate applied to a principal over $5$ years if the total interest paid equals the borrowed principal.

$14$%
$24$%
$34$%
$7$%

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Multiple choice

An account earning $4.4$% interest compounded quarterly for $5$ years would have a balance of how much if the principal was Rs. $1500$?

$1867$
$1967$
$2067$
$1964$

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Multiple choice

Lily borrowed Rs. $6000$ for $3$ years at $8\%$ interest compounded quarterly from Chinni. What was the interest paid by Lily to Chinni?

$7609$
$7509$
$9508$
$7508$

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Multiple choice

Eden lends Rs. $4000$ to John at an interest rate of only $6$% per year compounded quarterly. Find the balance that John has to return at the end of $2$ years.

$4480$
$4506$
$4500$
$4501$

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Multiple choice

The difference between C. I. and S. I. on Rs. $20,000$ for two years is Rs. $200$ at the same rate of interest per annum. Find the rate of interest.

$10$
$20$
$15$
$25$

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Multiple choice

The compound interest on Rs. $100000$ at $20\%$ per annum for $2$ years $3$ months, compound annually is ________.

Rs. $151200$
Rs. $100000$
Rs. $51200$
Rs. $251200$

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Multiple choice

Shikha invested Rs$6,400$ for $3$ years at the rate of $10\%$ per annum compounder annually. Sneha invested the same mount at the same rate for the same time but on simple interest. Who gets more interest and by how much?

Sneha, Rs.$198.40$
Sneha, Rs.$146.50$
Shikha, $146.50$
Shikha, $198.40$

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Multiple choice

Arun has a certain sum deposited in a bank at 5% per annum. The bank increases the rate of interest from 5% to 6% =.After increase in rates,Arun deposits Rs.2000 more in his account.The annual interest received by him now is Rs.220 more than before.Find his original deposit.

Rs.12,000
Rs.13,250
Rs.6,792
Rs,.10,000

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Multiple choice

Choose the correct answer from the alternative given. If the annual rate of simple interest increases from 10% to 12% . A mans yearly income increases by Rs. 1250. his principal (in rupees) is:

50,000
45,000
60,000
65,000

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Multiple choice

Find out the capital required to earn a monthly interest of $Rs. 500$ per month as $6$% simple interest.

$Rs. 1,00,000$
$Rs. 1,20,000$
$Rs. 1,10,000$
$Rs. 1,30,000$

Reveal answer Fill a bubble to check yourself

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