Simple and compound interest Questions and answers

  1. Aptitude
    1. Compound interest
    2. Boat and Stream
    3. Trains
    4. Percentage
    5. Discount
    6. Mixture and Allegation
    7. Unitary Method
    8. Work and Wages
    9. Pipes and Cisterns
    10. Linear Equations
    11. Approximation
    12. Word problems
    13. Number System
    14. Time and Distance
    15. Average
    16. Ratio and Proportions
    17. Profit and Loss
    18. Partnership
    19. Permutation and combination
    20. Probability
    21. Problem on ages
    22. Time and work
    23. Simple and compound interest
    24. Mensuration
    25. Number series
11). At simple interest, a sum becomes 3 times in 20 yr. Find the time, in which the sum will be double at the same rate of interest.
A). 8yr
B). 10 yr
C). 12 yr
D). 14 yr
12). At a simple interest, a sum amounts to RS. 1012 in 2 1/2 yr and becomes RS. 1067.20 in 4 yr. What is the rate of interest?
A). 2.50%
B). 3%
C). 4%
D). 5
13). Simple interest for the sum of RS. 1230 for 2 yr is RS. 10 more than the simple interest for RS. 1130 for the same duration. Find the rate of interest.
A). 5%
B). 6%
C). 8%
D). 2%
14). A certain sum becomes 8 fold in 15 yr at simple interest. What will be the rate of interest?
A). \( \Large 46\frac{5}{3}% \)
B). \( \Large 46\frac{2}{3} %\)
C). \( \Large 46\frac{5}{8} %\)
D). \( \Large 46\frac{11}{12}% \)
15). For a certain sum, the simple interest in 2 yr at 8% per annum is RS. 110 more than the simple interest in 1 yr at the rate of 5% per annum for the same sum. Find the sum.
A). RS.5000
B). RS.1000
C). RS.1050
D). RS.950


16). A sum was lent out for a certain time The sum amounts to RS. 400 at 10% annual interest rate. When the sum was lent out at 4% annual interest rate, it amounts to RS. 200. Find the sum.
A). RS.200/3
B). RS.100
C). RS.400/3
D). RS.500/3
17). A sum was invested for 4 yr at a certain rate of simple interest. If it had been invested at 2% more annual rate of interest, then RS. 56 more would have been obtained. What is the sum?
A). RS.680
B). RS.700
C). RS.720
D). RS.820
18). Mr. Deepak invested an amount of RS. 21250 for 6 yr. At what rate of simple interest, will he obtain the total amount of RS. 26350 at the end of 6 yr?
A). 6% pa
B). 5% pa
C). 8% pa
D). 4% pa
19). The dlfference of Simple interest from two banks for RS.1000 in 2 yr is RS.20.Find the difference in rates of interest.
A). 2%
B). 1.50%
C). 1%
D). 2.50%
20). Raju lent RS. 400 to Ajay for 2 yr and RS. 100 to Manoj for 4 yr and received from both RS. 60 as collective interest.Find the rate of interest, simple interest being calculated.
A). 5%
B). 6%
C). 8%
D). 9%
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