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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

Q101. **A lends Rs. 2500 to B and a certain to C at the same time at 7% p.a. simple interest. If after 4 years, A altogether receives Rs. 1120 as interest from B and C, then the sum lent to C is?**

  1.  Rs. 700
  2.  Rs. 1500
  3.  Rs. 4000
  4.  Rs. 6500

Solution : Rs. 1500
Q102. **A lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is?**

  1.  5%
  2.  7%
  3.  7 1/8 %
  4.  10%

Solution : 10%

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Q103. **The difference between the simple interest received from two different sources on Rs. 1500 for 3 years is Rs. 13.50. The difference between their rates of interest is?**

  1.  0.1%
  2.  0.2%
  3.  0.3%
  4.  0.4%

Solution : 0.3%
Q104. **Peter invested an amount of Rs. 12,000 at the rate of 10% p.a simple interest and another amount at the rate of 20% p.a. simple interest. The total interest earned at the end of one year on the total amount invested became 14% p.a. Find the total amount invested?**

  1.  Rs. 20,000
  2.  Rs. 22,000
  3.  Rs. 40,000
  4.  Rs. 24,000

Solution : Rs. 20,000

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Q105. **If the annual rate of simple interest increases from 10% to 12 1/2 %, a man's yearly income increases by Rs. 1250. His principal in Rs. is?**

  1.  45000
  2.  50000
  3.  60000
  4.  65000

Solution : 50000
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