Simple and Compound Interest Questions

Multiple choice
  1. ₹26,875

  2. ₹27,225

  3. ₹26,125

  4. ₹25,975

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Difference between CI and SI for 2 years is P * (R/100)^2. Given 43 = P * (4/100)^2 = P * (1/25)^2 = P / 625. P = 43 * 625 = 26875.

Multiple choice
  1. 42,075

  2. 40,275

  3. 47,025

  4. 45,027

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A's interest: 89500 * 0.07 * 3 = 18795. B's interest: 89500 * (0.09 + 0.08 + 0.07) = 89500 * 0.24 = 21480. Total interest = 18795 + 21480 = 40275.

Multiple choice
  1. Rs. 30,500

  2. Rs. 32,340

  3. Rs. 32,800

  4. Rs. 32,845

  5. Rs. 33,945

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Simple Interest (SI) = (P * R * T) / 100. Given SI = 11340, R = 9, T = 6. So, 11340 = (P * 9 * 6) / 100, which gives P = 1134000 / 54 = 21000. The total amount paid is Principal + Interest = 21000 + 11340 = 32340.