simple-and-compound-interest

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

Q176. **The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is?**

  1.  6.06%
  2.  6.07%
  3.  6.08%
  4.  6.09%

Solution : 6.09%
Q177. **A sum of money invested at C.I. amounts to Rs. 800 in 3 years to Rs. 840 in 4 years. The rate of interest per annum is?**

  1.  2 1/2 %
  2.  4%
  3.  5%
  4.  6 2/3 %

Solution : 5%
Q178. **A sum of money placed at C.I. interest doubles itself in 5 years. It will amount to eight times itself at the same rate of interest in?**

  1.  7 years
  2.  10 years
  3.  15 years
  4.  20 years

Solution : 15 years
Q179. **The least number of complete years in which a sum of money put out at 20% C.I. will be more than its double is?**

  1.  3
  2.  4
  3.  5
  4.  6

Solution : 4

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Q180. **What annual payment will discharge a debt of Rs. 1025 due in 2 years at the rate of 5% compound interest?**

  1.  Rs. 550
  2.  Rs. 551.25
  3.  Rs. 560
  4.  Rs. 560.75

Solution : Rs. 551.25
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