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?**
- Rs. 1620
- Rs. 1640
- Rs. 1680
- 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?**
- 8
- 10
- 12
- Cannot be determined
Solution : 8
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Solution :
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