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Simple Compound Interest Questions Answers Problems

Simple Compound Interest Questions Answers Problems, Simple and Compound Interest Problem comes under Reasoning: This mock test having 15 question, with four choices. On each click on answers system will tell you where the answers is correct or incorrect. You can view this Simple and Compound Interest test question details at the end of the quiz.

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Simple Compound Interest Questions Answers

This Simple and Compound Interest questions answers are applicable for any kind of entrance exam or job related exam especially for bank exams, GMAT, CAT, SBI PO practice as much as you can so gather knowledge of how to answers Simple and Compound Interest critical in short time and this can be a big factor for cracking any exam.



Simple Interest and Compound Interest

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Question 1
At what rate will a man get on simple interest of ` 1,071 on a principal of ` 2,550 in 3 years?
A
12 p.c.p.a.
B
14 p.c.p.a.
C
16 p.c.p.a.
D
18 p.c.p.a.
E
None of these
Question 2
The simple interest accrued in 5 years on a principal of ` 24,000 is one-tenth the principal. What is the rate of simple interest p.c.p.a. ?
A
5
B
4
C
6
D
2
E
None of these
Question 3
A lent ` 5000 to B for 2 years and ` 3000 to C for 4 years on simple interest at the same rate of interest and received ` 2200 in all from both as interest. The rate of interest per annum is ...
A
7%
B
5%
C
71/8%
D
10%
E
None of these
Question 4
Shamita took a loan at simple interest rate of 6 p.c.p.a. in the first year and it increased by 1.5 p.c.p.a. every year. If she pays ` 8,190 as interest at the end of 3years, what was her loan amount 
A
` 36000
B
` 35400
C
` 36800
D
can’t be determined
E
None of these
Question 5
What would be the compound interest obtained on an amount of ` 6,000 at the rate of 7 p.c.p.a. for 2 years?
A
` 767.5
B
` 846.2
C
` 769.4
D
` 860.4
E
None of these
Question 6
What is the compound interest on ` 5,000 for 4 years if the rate of interest is 10% p.a. for the first 2 years and 20% p.a. for the next 2 years? 
A
` 2,320.50
B
` 3,712
C
` 3,745
D
` 5,368
E
None of these
Question 7
A sum of money invested at compound interest amounts to ` 650 at the end of first year and ` 676 at the end of second year. The sum of money is: 
A
` 600
B
` 540
C
` 625
D
` 560
E
None of these
Question 8
The difference in simple and compound interest on a certain sum for 2 years at 5% per annum compounded annually is ` 75. Find the sum? 
A
` 40,000
B
` 20,000
C
` 50,000
D
` 30,000
E
None of these
Question 9
Two customers borrowed the same amount of money, one at compound interest and at the other at simple interest. If after two years, the interest payable by one was ` 220 and the other ` 200, then what was the principle money lent to each of them?
A
` 450
B
` 500
C
` 550
D
` 575
E
None of these
Question 10
If the compound interest on a certain sum for 2 years at 3% per annum is ` 101.50, then the simple interest on the same sum at the same rate and for the same time will be?
A
` 90
B
` 95.50
C
` 100
D
` 98.25
E
None of these
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Reasoning and Aptitude Test - Question Answers

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