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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

Q66. **If A lends Rs.3500 to B at 10% per annum and B lends the same sum to C at 11.5% per annum then the gain of B in a period of 3 years is?**

  1.  Rs.107.50
  2.  Rs.115.50
  3.  Rs.157.50
  4.  Rs.177.50

Solution : Rs.157.50
Q67. **A person lent a certain sum of money at 4% per annum at simple interest and in 8 years the interest amounted to Rs.340 less than the sum lent. What was the sum lent?**

  1.  Rs.400
  2.  Rs.450
  3.  Rs.550
  4.  Rs.500

Solution : Rs.500
Q68. **If Rs.450 amount to Rs.540 in 4 years, what will it amount to in 6 years at the same rate % per annum?**

  1.  Rs.575
  2.  Rs.675
  3.  Rs.585
  4.  Rs.685

Solution : Rs.585
Q69. **Rs.800 amounts to Rs.920 in 3 years at simple interest. If the interest is increased by 3%, it would amount to how much?**

  1.  Rs.1056
  2.  Rs.1112
  3.  Rs.1182
  4.  Rs.992

Solution : Rs.992

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Q70. **What amount does Kiran get if he invests Rs. 18000 at 15% p.a. simple interest for four years?**

  1.  Rs. 24800
  2.  Rs. 28400
  3.  Rs. 24400
  4.  Rs. 28800

Solution : Rs. 28800
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