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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

Q116. **Rs.8000 become Rs.9261 in a certain interval of time at the rate of 5% per annum of C.I. Find the time?**

  1.  4 years
  2.  6 years
  3.  2 years
  4.  3 years

Solution : 3 years
Q117. **At the end of three years what will be the compound interest at the rate of 10% p.a. on an amount of Rs.20000?**

  1.  Rs.6620
  2.  Rs.6500
  3.  Rs.6800
  4.  Rs.6400

Solution : Rs.6620

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Q118. **Find the C.I. on a sum of Rs.1600 for 9 months at 20% per annum, interest being compounded quarterly?**

  1.  Rs.17684
  2.  Rs.1684
  3.  Rs.2522
  4.  Rs.3408

Solution : Rs.2522
Q119. **Simple interest on a sum at 4% per annum for 2 years is Rs.80. The C.I. on the same sum for the same period is?**

  1.  Rs.81.60
  2.  Rs.160
  3.  Rs.1081.60
  4.  Rs.99

Solution : Rs.81.60

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Q120. **The C.I. on a certain sum for 2 years Rs.41 and the simple interest is Rs.40. What is the rate percent?**

  1.  4%
  2.  5%
  3.  6%
  4.  8%

Solution : 5%
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