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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

Q156. **Ravi invested certain amount for two rates of simple interests at 6% p.a. and 7% p.a. What is the ratio of Ravi's investments if the interests from those investments are equal?**

  1.  4 : 3
  2.  3 : 2
  3.  6 : 5
  4.  7 : 6

Solution : 7 : 6
Q157. **Siddharth wants to borrow Rs.6000 at rate of interest 6% p.a. at S.I and lend the same amount at C.I at same rate of interest for two years. What would be his income in the above transaction?**

  1.  Rs.21.60
  2.  Rs.24.00
  3.  Rs.25.20
  4.  Rs.27.80

Solution : Rs.21.60

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Q158. **Albert invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Albert get on maturity of the fixed deposit?**

  1.  Rs. 8600
  2.  Rs. 8620
  3.  Rs. 8800
  4.  None of these

Solution : None of these
Q159. **What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12% p.a.?**

  1.  Rs. 9000.30
  2.  Rs. 9720
  3.  Rs. 10123.20
  4.  Rs. 10483.20

Solution : Rs. 10123.20

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Q160. **A man saves Rs. 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years?**

  1.  Rs. 565.25
  2.  Rs. 635
  3.  Rs. 662.02
  4.  Rs. 666.50

Solution : Rs. 662.02
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