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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

Q96. **A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is?**

  1.  5%
  2.  8%
  3.  12%
  4.  15%

Solution : 12%
Q97. **At what rate percent of simple interest will a sum of money double itself in 12 years?**

  1.  8 1/4 %
  2.  8 1/3 %
  3.  8 1/2 %
  4.  9 1/2 %

Solution : 8 1/3 %

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Q98. **At what rate percent per annum will the simple interest on a sum of money be 2/5 of the amount in 10 years?**

  1.  4%
  2.  5 2/3 %
  3.  6%
  4.  6 2/3 %

Solution : 4%
Q99. **In how much time would the simple interest on a certain sum be 0.125 times the principal at 10% per annum?**

  1.  1 1/4 years
  2.  1 3/4 years
  3.  2 1/4 years
  4.  2 3/4 years

Solution : 1 1/4 years

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Q100. **A sum of money becomes 7/6 of itself in 3 years at a certain rate of simple interest. The rate per annum is?**

  1.  5 5/9 %
  2.  6 5/9 %
  3.  18%
  4.  25%

Solution : 5 5/9 %
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