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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

Q106. **A money lender finds that due to a fall in the annual rate of interest from 8% to 7 3/4 % his yearly income diminishes by Rs. 61.50, his capital is?**

  1.  Rs. 22,400
  2.  Rs. 23,800
  3.  Rs. 24,600
  4.  Rs. 26,000

Solution : Rs. 24,600
Q107. **The price of a T.V. set worth Rs. 20000 is to be paid in 20 installments of Rs. 1000 each. If the rate of interest be 6% per annum, and the first installment be paid at the time of purchase, then the value of the last installment covering the interest as well will be?**

  1.  Rs. 1050
  2.  Rs. 2050
  3.  Rs. 3000
  4.  None of these

Solution : None of these

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Q108. **Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in scheme B?**

  1.  Rs. 6400
  2.  Rs. 6500
  3.  Rs. 7200
  4.  Rs. 7500

Solution : Rs. 6400
Q109. **An amount of Rs. 100000 is invested in two types of shares. The first yields an interest of 9% p.a and the second, 11% p.a. If the total interest at the end of one year is 9 3/4 %, then the amount invested in each share was?**

  1.  Rs. 52500; Rs. 47500
  2.  Rs. 62500; Rs. 37500
  3.  Rs. 72500; Rs. 27500
  4.  Rs. 82500; Rs. 17500

Solution : Rs. 62500; Rs. 37500

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Q110. **David invested certain amount in three different schemes. A, B and C with the rate of interest 10% p.a., 12% p.a. and 15% p.a. respectively. If the total interest accrued in one year was Rs. 3200 and the amount invested in scheme C was 150% of the amount invested in scheme A and 240% of the amount invested in scheme B, what was the amount invested in scheme B?**

  1.  Rs. 5000
  2.  Rs. 6500
  3.  Rs. 8000
  4.  None of these

Solution : Rs. 5000
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