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
41). A sum of money deposited at compound interest doubles itself in 4 years. It will amount to sixteen times at the same rate in
A). 12 years
B). 16 years
C). 24 years
D). 30 years
42). For how many years should Rs.1200 be invested at 10% p.a. in order to earn the same simple interest as is earned by investing Rs.1800 at 12% p.a. for 5 years?
A). 9
B). 10
C). 12
D). 11
43). A sum of money was lent at simple interest at 11% p.a. for \( \Large 3\frac{1}{2} \) years and \( \Large 4\frac{1}{2} \) years respectively. If difference in interests for two periods was Rs.5500, then the sum is
A). Rs.50050
B). Rs.55000
C). Rs.50000
D). Rs.50500
44). Rajan lent Rs.1200 to Rakesh for 3 years at a certain rate of simple interest and Rs.1000 to Mukesh for the same time at the same rate. If he gets Rs.50 more from Rakesh than from Mukesh, then the rate percent is
A). \( \Large 8\frac{1}{3} \)%
B). \( \Large 6\frac{2}{3} \)%
C). \( \Large 10\frac{1}{3} \)%
D). \( \Large 9\frac{2}{3} \)%
45). The difference between interests received from Canara Bank and Punjab & Sind Bank on Rs.500 for 2 years is Rs.2.50. The difference between their rates is
A). 1%
B). 0.50%
C). 0.25%
D). 2.50%


46). If compound interest for two successive years is Rs.110 and Rs.121 respectively, then the rate of interest is
A). 10%
B). 8%
C). 6%
D). 4%
47). A money lender finds that due to a fall in the rate of interest from 8% to \( \Large 7\frac{3}{4} \), his yearly income diminishes by Rs.615. His capital is
A). Rs.260000
B). Rs.246000
C). Rs.238000
D). Rs.224000
48). The simple interest on a sum of money will be Rs.6000 after 10 years. If principal is triple after 5 years, what will be the total interest at the end of the tenth year?
A). Rs.6000
B). Rs.9000
C). Rs.12000
D). Rs.15000
49). If a, b, c are three sum of money such that b is the simple interest on a, c is the simple interest on b for the same time at the same rate of interest, then
A). \( \Large a^{2} = bc \)
B). \( \Large b^{2} = ac \)
C). \( \Large c^{2} = ab \)
D). abc = 1
50). A sum of Rs.15500 is lent out into two parts, one at 8% and another one at 6%. If total annual income is Rs.1060, then money lent at 8% is
A). Rs.6500
B). Rs.7200
C). Rs.8400
D). Rs.9000
Go to :
Total Pages : 53