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:**
- 5%
- 8%
- 12%
- 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 : 3
- 1 : 4
- 2 : 3
- Data inadequate
- 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?**
- Rs. 35
- Rs. 245
- Rs. 350
- Cannot be determined
- 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.**
- Rs. 112.50
- Rs. 125
- Rs. 150
- Rs. 167.50
Solution : Rs. 112.50
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Q15. > In the question given below consists of a statement and / or a
> question and two statements numbered I and II given below it. You have
> to decide whether the data provided in the statement(s) is / are
> sufficient to answer the given question. Read the both statements and
> Give answer.
>
> (A) if the data in Statement I alone are sufficient to answer the
> question, while the data in Statement II alone are not sufficient to
> answer the question. Give answer
>
> (B) if the data in Statement II alone are sufficient to answer the
> question, while the data in Statement I alone are not sufficient to
> answer the question. Give answer
>
> (C) if the data either in Statement I or in Statement II alone are
> sufficient to answer the question. Give answer
>
> (D) if the data even in both Statements I and II together are not
> sufficient to answer the question. Give answer
>
> (E) if the data in both Statements I and II together are necessary to
> answer the question.
**The simple interest on a sum of money is Rs. 50. What is the sum?**
**I. The interest rate is 10% p.a.**
**II. The sum earned simple interest in 10 years.**
- I alone sufficient while II alone not sufficient to answer
- II alone sufficient while I alone not sufficient to answer
- Either I or II alone sufficient to answer
- Both I and II are not sufficient to answer
- Both I and II are necessary to answer
Solution : Both I and II are necessary to answer
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