simple-and-compound-interest

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

Q111. **A person invested in all Rs. 2600 at 4%, 6% and 8% per annum simple interest. At the end of the year, he got the same interest in all the three cases. The money invested at 4% is?**

  1.  Rs. 200
  2.  Rs. 600
  3.  Rs. 800
  4.  Rs. 1200

Solution : Rs. 1200
Q112. **Divide Rs. 2379 into 3 parts so that their amounts after 2, 3 and 4 years respectively may be equal, the rate of interest being 5% per annum at simple interest. The first part is?**

  1.  Rs. 759
  2.  Rs. 792
  3.  Rs. 818
  4.  Rs. 828

Solution : Rs. 828

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Q113. **Find the compound interest and the amount on Rs.8000 at 5% per annum for 3 years when C.I is reckoned yearly?**

  1.  Rs.1261
  2.  Rs.1440
  3.  Rs.1185
  4.  Rs.1346

Solution : Rs.1261
Q114. **If Rs.7500 are borrowed at C.I at the rate of 4% per annum, then after 2 years the amount to be paid is?**

  1.  Rs.8082
  2.  Rs.7800
  3.  Rs.8100
  4.  Rs.8112

Solution : Rs.8112

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Q115. **Find out the C.I on Rs.5000 at 4% p.a. compound half-yearly for 1 1/2 years.**

  1.  Rs.420.20
  2.  Rs.319.06
  3.  Rs.306.04
  4.  Rs.294.75

Solution : Rs.306.04
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