# Simple and Compound Interest

Simple and Compound Interest: Difference between simple and compound interest, Simple Interest Formula and Compound Interest Formula, Simple Interest Questions

Take Aptitude Test
View Aptitude Test Results

## Online Aptitude Questions with Answers on Simple and Compound Interest

Q176. **The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is?**

1.  6.06%
2.  6.07%
3.  6.08%
4.  6.09%

Solution : 6.09%
Q177. **A sum of money invested at C.I. amounts to Rs. 800 in 3 years to Rs. 840 in 4 years. The rate of interest per annum is?**

1.  2 1/2 %
2.  4%
3.  5%
4.  6 2/3 %

Solution : 5%
Q178. **A sum of money placed at C.I. interest doubles itself in 5 years. It will amount to eight times itself at the same rate of interest in?**

1.  7 years
2.  10 years
3.  15 years
4.  20 years

Solution : 15 years
Q179. **The least number of complete years in which a sum of money put out at 20% C.I. will be more than its double is?**

1.  3
2.  4
3.  5
4.  6

Solution : 4

##### Are you a college student? You can become a Campus Ambassador for LearningPundits. Promote our Online Contests to students from you college via email, Facebook, posters, WhatsApp and old-fashioned face to face communication
• Stipend based on your performance
• Internship Certificate to boost your Resume

Q180. **What annual payment will discharge a debt of Rs. 1025 due in 2 years at the rate of 5% compound interest?**

1.  Rs. 550
2.  Rs. 551.25
3.  Rs. 560
4.  Rs. 560.75

Solution : Rs. 551.25
Q{{(\$index+1)+((page-1)*LIMITPERPAGE)}}.

1.

Solution :

### Grammar Guru

#### Free Online Contest on English Grammar and Vocabulary.20 mins Only.

• All Participants get Participation Certificates to boost your Resume

### Math Whiz

#### Free Online Contest on Aptitude and Reasoning.20 mins Only.

• All Participants get Participation Certificates to boost your Resume

#### Participation Now using Laptop/ Desktop/ Tab/ Mobile.

##### Are you a college student? You can become a Campus Ambassador for LearningPundits. Promote our Online Contests to students from you college via email, Facebook, posters, WhatsApp and old-fashioned face to face communication
• Stipend based on your performance
• Internship Certificate to boost your Resume

Preparing for Aptitude Tests ? Please go through our courses on Aptitude Questions and try to answer our Online Aptitude Test Questions on Quantitative Aptitude.
Interested in evaluating your Reasoning Skills ? Please go through our courses on Logical Reasoning and Non-Verbal Reasoning to answer our Reasoning Questions.
Interested in learning English and checking your English Grammar ? Do a quick grammar check to evaluate your Basic English Grammar Skills. Improve your English Vocabulary by going through these Vocabulary words.
Wondering how to make a resume ? These resume format for freshers might be helpful. You can also submit your Resume for Review and look and Resume samples available there.
Preparing for an HR Interview or Group Discussion ? These HR interview questions and answers could help you do well in a typical HR interview. These group discussion tips could also be useful.
Searching for jobs ? We have thousand of Fresher Jobs. Feel free to browse through our extensive list of online jobs.