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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

Q161. **Sam invested Rs. 15000 @ 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by Sam at the end of the year will be?**

  1.  Rs. 16,500
  2.  Rs. 16,525.50
  3.  Rs. 16,537.50
  4.  Rs. 18,150

Solution : Rs. 16,537.50
Q162. **A bank offers 5% C.I. calculated on half-yearly basis . A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is?**

  1.  Rs. 120
  2.  Rs. 121
  3.  Rs. 122
  4.  Rs. 123

Solution : Rs. 121

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Q163. **What is the difference between the C.I. on Rs. 5000 for 1 1/2 years at 4% per annum compounded yearly and half-yearly?**

  1.  Rs. 2.04
  2.  Rs. 3.06
  3.  Rs. 4.80
  4.  Rs. 8.30

Solution : Rs. 2.04
Q164. **Find the C.I. on Rs. 15,625 for 9 months at 16% per annum compounded quarterly?**

  1.  Rs. 1851
  2.  Rs. 1941
  3.  Rs. 1951
  4.  Rs. 1961

Solution : Rs. 1951

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Q165. **If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same sum at the rate and for the same time?**

  1.  Rs. 51.25
  2.  Rs. 52
  3.  Rs. 54.25
  4.  Rs. 60

Solution : Rs. 51.25
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