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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

Q126. **Find the least number of complete years in which a sum of money put out at 25% compound interest will be more than double of itself?**

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

Solution : 4 years
Q127. **The difference between simple interest and C.I. at the same rate for Rs.5000 for 2 years in Rs.72. The rate of interest is?**

  1.  10%
  2.  12%
  3.  6%
  4.  8%

Solution : 12%

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Q128. **The difference between compound and simple interest on a certain sum of money for 3 years at 6 2/3% p.a is Rs.184. Find the sum?**

  1.  Rs.12000
  2.  Rs.14200
  3.  Rs.17520
  4.  Rs.13500

Solution : Rs.13500
Q129. **A sum of money is put out at compound interest for 2 years at 20%. It would fetch Rs.482 more if the interest were payable half-yearly, then it were pay able yearly. Find the sum.**

  1.  Rs.4000
  2.  Rs.1000
  3.  Rs.1250
  4.  Rs.2000

Solution : Rs.2000

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Q130. **Find the sum The difference between the compound and S.I. on a certain sum of money for 2 years at 10% per annum is Rs.15of money?**

  1.  1500
  2.  1800
  3.  1950
  4.  2100

Solution : 1500
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