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

Q171. **The C.I. on a certain sum for 2 years at 10% per annum is Rs. 525. The S.I. on the same sum for double the time at half the rate percent per annum is?**

1.  Rs. 400
2.  Rs. 500
3.  Rs. 600
4.  Rs. 800

Solution : Rs. 500
Q172. **The S.I. on a certain sum of money for 3 years at 8% per annum is half the C.I. on Rs. 4000 for 2 years at 10% per annum. The sum placed on S.I. is?**

1.  Rs. 1550
2.  Rs. 1650
3.  Rs. 1750
4.  Rs. 2000

Solution : Rs. 1750

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Q173. **There is 60% increase in an amount in 6 years at S.I. What will be the C.I. of Rs. 12,000 after 3 years at the same rate?**

1.  Rs. 2160
2.  Rs. 3120
3.  Rs. 3972
4.  Rs. 6240

Solution : Rs. 3972
Q174. **The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs. ) is?**

1.  625
2.  630
3.  640
4.  620

Solution : 625

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Q175. **On a sum of money, the S.I. for 2 years is Rs. 660, while the C.I. is Rs. 696.30, the rate of interest being the same in both the cases. The rate of interest is?**

1.  10%
2.  10.5%
3.  12%
4.  None of these

Solution : None of these
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