# 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

Q11. **A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:**

1.  5%
2.  8%
3.  12%
4.  15%

Solution : 12%
Q12. **What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years?**

1.  1 : 3
2.  1 : 4
3.  2 : 3
5.  None of these

Solution : 2 : 3
Q13. **A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?**

1.  Rs. 35
2.  Rs. 245
3.  Rs. 350
4.  Cannot be determined
5.  None of these

Solution : Cannot be determined
Q14. **A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6 p.a for 2 years. Find his gain in the transaction per year.**

1.  Rs. 112.50
2.  Rs. 125
3.  Rs. 150
4.  Rs. 167.50

Solution : Rs. 112.50

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1.  I alone sufficient while II alone not sufficient to answer
2.  II alone sufficient while I alone not sufficient to answer
3.  Either I or II alone sufficient to answer
4.  Both I and II are not sufficient to answer
5.  Both I and II are necessary to answer

Solution : Both I and II are necessary to answer
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