Sample QuestionsSimple Interest and Compound Interest questions
One sample from each question group in this chapter. Select any group above to see the full set with answer keys.
Calculate the amount and the compound interest on ₹ 2560000 for 1 year at $10 \%$ per annum, compounded quarterly.
View full solution →Calculate the amount and the compound interest on $₹ 15625$ for 9 months at $16 \%$ per annum, compounded quarterly.
View full solution →Calculate the amount and the compound interest on ₹ 10000 for 6 months at $12 \%$ per annum, compounded quarterly.
View full solution →Calculate the amount and the compound interest on $₹ 24000$ for $1 \frac{1}{2}$ years at $10 \%$ per annum, compounded half-yearly.
View full solution →Find the amount and the compound interest on ₹ 32500 for 1 year; at $12 \%$ per annum, compounded half yearly.
View full solution →A sum of money invested at $6 \%$ p.a. simple interest for a certain period of time yields $₹ 960$ as interest. If this sum had been invested for 5 years more, it would have yielded $₹ 2160$ as interest. Find the sum.
View full solution →In what time will a sum of money lent at $8 \frac{1}{3} \%$ simple interest become 4 times of itself.
View full solution →Two equal sums of money were lent at simple interest at $11 \%$ p.a. for $3 \frac{1}{2}$ years and $4 \frac{1}{2}$ years respectively. If the difference in interests for two periods was ₹ 412.50 , find each sum.
View full solution →If ₹ 1250 amount to ₹ 1550 in 3 years at simple interest, what will ₹ 3200 amount to in 4 years at the same rate?
What sum of money lent at $12 \frac{1}{2} \%$ per annum will produce the same interest in 4 years as ₹ 8560 produces in 5 years at $12 \%$ per annum?
View full solution →Simple interest on a certain sum is $\frac{9}{16}$ of the sum. Find the rate per cent and the time if both are numerically equal.
View full solution →At what rate per cent of simple interest will a sum of money double itself in 12 years?
At what rate per cent per annum will the simple interest on $₹ 6720$ be $₹ 1911$ in 3 years 3 months?
View full solution →At what rate per cent per annum will ₹ 1625 amount to ₹ 2080 in $3 \frac{1}{2}$ years?
View full solution →Ashish lent $₹ 10500$ to Sunidhi at $7 \%$ per annum simple interest. After 5 years, Sunidhi discharged the debt by giving a watch and ₹ 13000 in cash. What is the value of the watch?
View full solution →In how much time will $₹ 25600$ amount to $₹ 35664$, when money is worth $9 \frac{1}{4} \%$ per annum simple interest?
View full solution →In what time will the simple interest on ₹ 7560 be ₹ 1102.50 at $6 \frac{1}{4} \%$ per annum?
View full solution →A sum of money was put at simple interest at a certain rate for 2 years. If this sum had been put at $3 \%$ higher rate, it would have earned ₹ 720 more as interest. Find the sum.
View full solution →Naveen and Praveen borrowed $₹ 42000$ and $₹ 55000$ respectively for $3 \frac{1}{2}$ years at the same rate of interest. If Praveen has to pay ₹ 3640 more than Naveen, find the rate of interest.
View full solution →Divide $₹ 6000$ into two parts so that the simple interest on the first part for 9 months at $12 \%$ per annum is equal to the simple interest on the second part for $1 \frac{1}{2}$ years at $10 \%$ per annum.
View full solution →__________ $=$ Principal + Interest
View full solution →If the compound interest (compounded annually) on a sum of money at a certain rate of interest for $n$ years is equal to the simple interest on the same sum at the same rate for the same period, then $n=$ __________ .
View full solution →The basic difference between simple interest and compound interest is that in simple interest, the __________ remains same throughout the loan period while in compound interest it varies.
If S.I. and C.I. denote simple interest and compound interest respectively on the same sum at the same rate of interest for the same period, then the relation between S.I. and C.I. is __________
Consider the following statements:
If a sum of money is loaned at simple interest, then the
(i) Money gets doubled in 5 years if the rate of interest is $16 \frac{2}{3} \%$. p.a.
(ii) Money gets doubled in 5 years if the rate of interest is $20 \%$. p.a.
(iii) Money becomes four times in 10 years if it gets doubled in 5 years. Of these statements,
- A
(i) and (iii) are correct
- ✓
- C
(ii) and (iii) are correct
- D
Answer: B.
View full solution →Rahul lent ₹ 6000 to Manick for 2 years and ₹ 1500 to Ariffor 4 years and received altogether from both ₹ 900 as simple interest. The rate of interest is
- A
$4 \%$ p.a.
- ✓
$5 \%$ p.a.
- C
$10 \%$ p.a.
- D
$12 \%$ p.a
Answer: B.
View full solution →₹ 800 amounts to ₹ 920 in 3 years at simple interest. If the interest rate is increased by $3 \%$, it would amount to
Answer: A.
View full solution →$B$ borrowed $₹ 720$ form $A$ at $8 \%$ simple interest for 3 years and lent the same sum to $C$ at $10 \frac{1}{2} \%$, simple interest for 2 years. In the whole transaction $B$.
Answer: A.
View full solution →A lends a sum of money for 10 years at $5 \%$ simple interest. B lends double that amount for 5 years at the same rate of interest. Which of the following statements is true in this regard?
- A
A will get twice the amount of interest that B would get.
- B
B will get twice the amount of interest that A would get.
- ✓
A and B will get the same amount as interest.
- D
B will get four times the amount of interest that A would get.
Answer: C.
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