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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

Q86. **A sum of Rs. 125000 amounts to Rs. 15500 in 4 years at the rate of simple interest. What is the rate of interest?**

  1.  3%
  2.  4%
  3.  5%
  4.  6%

Solution : 6%
Q87. **Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?**

  1.  3.6
  2.  6
  3.  18
  4.  Cannot be determined

Solution : 6

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Q88. **What is the present worth of Rs. 132 due in 2 years at 5% simple interest per annum?**

  1.  Rs. 112
  2.  Rs. 118.80
  3.  Rs. 120
  4.  Rs. 122

Solution : Rs. 120
Q89. **A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9% p.a. in 5 years. What is the sum?**

  1.  Rs. 4462.50
  2.  Rs. 8032.50
  3.  Rs. 8900
  4.  Rs. 8925

Solution : Rs. 8925

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Q90. **Rs. 800 becomes Rs. 956 in 3 years at a rate of S.I. If the rate of interest is increased by 4%, what amount will Rs. 800 become in 3 years?**

  1.  Rs. 1020.80
  2.  Rs. 1025
  3.  Rs. 1052
  4.  None of these

Solution : Rs. 1052
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