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.

• Q15.The simple interest accrued on an amount of Rs. 42000 at the end of 3 yr is Rs. 15,120. What would be the compound interest accrued on the same amount at the same rate in the same period?

• Q16.Rohan took loan from Bank of Baroda for his 2 years course of MBA. He took loan of Rs. 12 lakhs such that he would be charged at 8% per annum at compound interest during his course and at 10% compound interest after the completion of course. He returned half of the amount which he had to be paid on the completion of his studies and remaining after 2 years. What is the total amount returned by Rohan?

• Q17.Rs.12,500 is borrowed at C.I. rate of 3% for the first year, 4% for the second year and 5% for the third year. The amount to be paid after 3 years will be:

• Q18.15,000 is borrowed at C.I. at the rate of 2% for the first year, 4% for the second year and 5% for the third year. The amount to the paid after 3 years will be

• Q19.A money lender borrows money at 6 % per annum and pays the interest at the end of the year. He lends it at 8% per annum compounded half yearly and receives the interest at the end of the year. In this way, he gains Rs 172.8 a year. The amount of money he borrows is

• Q20.The difference between simple and compound interest on a certain sum of money for 2 years at 5 per cent per annum is Rs. 65. The sum of money is:

• Q21.Rs. 5887 is divided between Shyam and Ram, such that Shyam’s share at end of 8 year is equal to Ram’s share at end of 10 year, compounded annually at the rate of 10%. The share of Shyam is?