# 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

Q146. **Raj invested an amount of Rs.17400 for two years. Find the rate of compound interest that will fetch him an amount of Rs.1783.50 at the end of two years?**

1.  8% p.a.
2.  6% p.a.
3.  4% p.a.
4.  5% p.a.

Solution : 5% p.a.
Q147. **Compound interest earned on a sum for the second and the third years are Rs.1200 and Rs.1440 respectively. Find the rate of interest?**

1.  18% p.a.
2.  22% p.a.
3.  20% p.a.
4.  24% p.a.

Solution : 20% p.a.
Q148. **A sum of Rs.4800 is invested at a compound interest for three years, the rate of interest being 10% p.a., 20% p.a. and 25% p.a. for the 1st, 2nd and the 3rd years respectively. Find the interest received at the end of the three years.**

1.  Rs.2520
2.  Rs.3120
3.  Rs.3320
4.  Rs.2760

Solution : Rs.3120
Q149. **A man gets a simple interest of Rs.500 on a certain principal at the rate of 5% p.a in two years. Find the compound interest the man will get on twice the principal in two years at the same rate.**

1.  Rs.500
2.  Rs.250
3.  Rs.5012.50
4.  None of these

Solution : None of these

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Q150. **The simple interest accrued on an amount of Rs.49500 at he end of three is Rs.17820. What would be the compound interest accured on the same amount at teh same rate in the same period? (Round off your answer to two decimal places)**

1.  Rs.20043.94
2.  Rs.18654.81
3.  Rs.20264.46
4.  Rs.19612.41

Solution : Rs.20043.94
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