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Simple and Compound Interest

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

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Online Aptitude Questions with Answers on Simple and Compound Interest

Q136. **Indu gave Bindu Rs.1250 on compound interest for 2 years at 4% per annum. How much loss would Indu has suffered had she given it to Bindu for 2 years at 4% per annum simple interest?**

  1.  Rs.10
  2.  Rs.2
  3.  Rs.5
  4.  Rs.3

Solution : Rs.2
Q137. **In one year, the population, of a village increased by 10% and in the next year, it decreased by 10%. If at the end of 2nd year, the population was 7920, what was it in the beginning?**

  1.  8500
  2.  8000
  3.  8100
  4.  8400

Solution : 8000
Q138. **How much more would Rs.20000 fetch, after two years, if it is put at 20% p.a. compound interest payable half yearly than if is put at 20% p.a. compound interest payable yearly?**

  1.  Rs.482
  2.  Rs.424
  3.  Rs.842
  4.  Rs.512

Solution : Rs.482
Q139. **A money lender lends Rs.2000 for six months at 20% p.a. rate. It the interest is reckoned quarterly than find the amount given after time limit.**

  1.  Rs.2205
  2.  Rs.2200
  3.  Rs.2160
  4.  Rs.2040

Solution : Rs.2205

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Q140. **A sum amount to Rs.1344 in two years at simple interest. What will be the compound interest on the same sum at the same rate of interest for the same period?**

  1.  Rs.150
  2.  Rs.140
  3.  Rs.130
  4.  Data insufficient

Solution : Data insufficient
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