# 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

Q181. **A sum of money is borrowed and paid back in two annual installments of Rs. 882 each allowing 5% C.I. The sum borrowed was?**

1.  Rs. 1620
2.  Rs. 1640
3.  Rs. 1680
4.  Rs. 1700

Solution : Rs. 1640
Q182. **The difference between C.I. and S.I. on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?**

1.  8
2.  10
3.  12
4.  Cannot be determined

Solution : 8

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