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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

Q151. **The compound interest accrued on an amount of Rs.44000 at the end of two years is Rs.1193.60. What would be the simple interest accrued on the same amount at the same rate in the same period?**

  1.  Rs.10,840
  2.  Rs.10,720
  3.  Rs.10,560
  4.  Rs.10,280

Solution : Rs.10,560
Q152. **A person got Rs.48 more when he invested a certain sum at compound interest instead of simple interest for two years at 8% p.a. Find the sum?**

  1.  Rs.7500
  2.  Rs.7000
  3.  Rs.8000
  4.  Rs.9000

Solution : Rs.7500

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Q153. **The compound and the simple interests on a certain sum at the same rate of interest for two years are Rs.11730 and Rs.10200 respectively. Find the sum.**

  1.  Rs.18000
  2.  Rs.17000
  3.  Rs.18500
  4.  Rs.17500

Solution : Rs.17000
Q154. **What is the difference between the compound interest on Rs.12000 at 20% p.a. for one year when compounded yearly and half yearly?**

  1.  Rs.140
  2.  Rs.120
  3.  Rs.130
  4.  Rs.110

Solution : Rs.120

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Q155. **The simple interest on Rs.12000 at a certain rate of interest in five years is Rs.7200. Find the compound interest on the same amount for five years at the same rate of interest.**

  1.  Rs.3502.80
  2.  Rs.3052.40
  3.  Rs.3054.8
  4.  Rs.3052.80

Solution : Rs.3052.80
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