# Simple & Compound Interest

Are you preparing for campus placements, Banking, SSC, IAS, Insurance, Defence and other competitive exams? Then, make sure to take some time in practicing the Simple & Compound Interest questions and answer in Quantitative Aptitude. Moreover, only those questions are included that are relevant and likely to be asked in any competitive exam. So, take these questions and answer, brush up your skills and practice to stay fully prepared for any your exam.

• Q1.Simple interest on a certain sum of money for 3 years at 7% per annum is half the compound interest on Rs. 8000 for 2 years at 10% per annum. The sum placed on simple interest is:

• Q2.Victor lent Rs. 2600 to two friends such that the interest gained from first friend at 10% in 5 years is equal to that from second friend at 9% in 6 years. How much did he lend to first friend?

• Q3.The principal which gives Rs. 1 interest per day at a rate of 2.5 % simple interest per annum is :

• Q4.Ram borrowed a sum of money from Rohan at the rate of 8% per annum simple interest for the first four years, 10% per annum for the next six years and 12% per annum for the period beyond 10 years. If he pays a total of Rs.24,320 as interest only at the end of 15 years, how much way did he borrow?

• Q5.Imran borrowed a sum of money from Jayant at the rate of 8% per annum simple interest for the first four years, 10% per annum for the next six years and 12% per annum for the period beyond 10 years. If he pays a total of Rs.12,160 as interest only at the end of 15 years, how much way did he borrow?

• Q6.A person invests an amount of Rs. 31,720 in fixed deposits on the names of his sons X,Y and Z in such a way that they get the same interest after 2,3 and 4 years respectively. If the rate of 10% per annum, then the ratio of the amounts invested among X, Y and Z will be:

• Q7.Radhika took loan from a bank at the rate of 12% p.a. simple interest. After 3 years she had to pay Rs. 10800 interest only for the period. The principal amount borrowed by him was: