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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

Q141. **The population of a city increases at the rate of 4% p.a. but there is an additional annual increase of 1% in the population due to some job seekers. The percentage increase in the population after 2 years is?**

  1.  10
  2.  11
  3.  10.25
  4.  10.15

Solution : 10.25
Q142. **Find the amount on Rs.5000 in 2 years, the rate of interest being 4% per first year and 5% for the second year?**

  1.  Rs.460
  2.  Rs.5640
  3.  Rs.5460
  4.  Rs.5604

Solution : Rs.5460

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Q143. **What amount does Kiran get if he invests Rs.8000 at 10% p.a. compound interest for two years, compounding done annually?**

  1.  Rs.9630
  2.  Rs.9680
  3.  Rs.9610
  4.  None of these

Solution : Rs.9680
Q144. **The compound interest earned by Sunil on a certain amount at the end of two years at the rate of 8% p.a. was Rs.2828.80. Find the total amount that Sunil got back at the end of two years in the form of principal plus interest earned.**

  1.  Rs.18,828.80
  2.  Rs.19,828.80
  3.  Rs.18,028.80
  4.  Rs.17,828.80

Solution : Rs.19,828.80

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Q145. **Find the compound interest accrued on an amount of Rs.14,800 at 13.5% p.a at the end of two years. (Round off your answer to nearest integer)**

  1.  Rs.4273
  2.  Rs.4613
  3.  Rs.4064
  4.  Rs.4266

Solution : Rs.4266
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