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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

Q91. **A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?**

  1.  Rs. 35
  2.  Rs. 245
  3.  Rs. 350
  4.  Cannot be determined

Solution : Cannot be determined
Q92. **What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years?**

  1.  1:3
  2.  1:4
  3.  2:3
  4.  Data inadequate

Solution : 2:3

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Q93. **Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9% p.a. for the next five years and 13% p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is Rs. 8160, how much money did he borrow?**

  1.  Rs. 8000
  2.  Rs. 10000
  3.  Rs. 12000
  4.  Data inadequate

Solution : Rs. 8000
Q94. **A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is?**

  1.  Rs. 650
  2.  Rs. 690
  3.  Rs. 698
  4.  Rs. 700

Solution : Rs. 698

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Q95. **A sum of money lent out at S.I. amounts to Rs. 720 after 2 years and to Rs. 1020 after a further period of 5 years. The sum is?**

  1.  Rs. 500
  2.  Rs. 600
  3.  Rs. 700
  4.  Rs. 710

Solution : Rs. 600
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