# 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

Q166. **What will be the difference between simple and compound interest at 10% per annum on a sum of Rs. 1000 after 4 years?**

1.  Rs. 31
2.  Rs. 32.10
3.  Rs. 40.40
4.  Rs. 64.10

Solution : Rs. 64.10
Q167. **The difference between simple and compound interest on Rs. 1200 for one year at 10% per annum reckoned half-yearly is?**

1.  Rs. 2.50
2.  Rs. 3
3.  Rs. 3.75
4.  Rs. 4

Solution : Rs. 3
Q168. **The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period(in years) is?**

1.  2
2.  2.5
3.  3
4.  4

Solution : 2
Q169. **The principal that amounts to Rs. 4913 in 3 years at 6.25 % per annum C.I. compounded annually, is?**

1.  Rs. 3096
2.  Rs. 4076
3.  Rs. 4085
4.  Rs. 4096

Solution : Rs. 4096

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Q170. **If the C.I. on a sum for 2 years at 12.5% per annum is Rs. 510, the S.I. on the same sum at the same rate for the same period of time is?**

1.  Rs. 400
2.  Rs. 450
3.  Rs. 460
4.  Rs. 480

Solution : Rs. 480
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