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

Q131. **The difference between the compound interest compounded annually and simple interest for 2 years at 20% per annum is Rs.144. Find the principal?**

1.  Rs.3000
2.  Rs.3300
3.  Rs.3600
4.  Rs.3900

Solution : Rs.3600
Q132. **What sum of money put at C.I amounts in 2 years to Rs.8820 and in 3 years to Rs.9261?**

1.  Rs.8000
2.  Rs.8400
3.  Rs.7500
4.  None of these

Solution : Rs.8000
Q133. **Find the amount on Rs.8000 in 9 months at 20% per annum, if the interest being compounded quarterly?**

1.  Rs.1261
2.  Rs.9261
3.  Rs.9621
4.  Rs.9162

Solution : Rs.9261
Q134. **Every year an amount increases by 1/8th of itself. How much will it be after two years if its present value is Rs.64000?**

1.  Rs.81000
2.  Rs.80000
3.  Rs.75000
4.  Rs.64000

Solution : Rs.81000

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Q135. **Rajan borrowed Rs.4000 at 5% p.a compound interest. After 2 years, he repaid Rs.2210 and after 2 more year, the balance with interest. What was the total amount that he paid as interest?**

1.  Rs.635.50
2.  Rs.613.50
3.  Rs.675.50
4.  Rs.653.50

Solution : Rs.635.50
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