Simple interest or compound interest Questions

Simple interest or compound interest Questions and answers Quiz Online practice set for Bank exams IBPS ,IBPS,SBI Clerk PO ,SSC and USC Exams Preparation Practice

1 .The simple interest accrued on a sum of certain principal is Rs.2000 in five years at the rate of 4% per annum. What would be the compound interest accrued on same principal at same rate in two years ?

A. Rs.716

B. Rs.724

C. Rs.824

D. Rs.816

E. None of these

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2 .What total amount would Mithilesh get at the end of three years if he invests an amount of ` 11200 in a scheme, which offers simple interest 8.5% per annum for three years ?

A. Rs.14056

B. Rs.14348

C. Rs.13852

D. Rs.15064

E. None of these

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3 .Arun invested a sum of money at a certain rate of simple interest for a period of for a period of four years. Had he invested the same sum for a period of six years the total interest earned by him would have been fifty per cent more than the earlier interest amount. What was the rate of interest per cent per annum?

A. 4

B. 8

C. 5

D. Cannot be determined

E. None of these

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4 .Rohit invested some amount at the rate of 6 pcpa and at the end of 3 yr he got Rs. 8730 simple interest. How much compound interest he will get on same amount and same rate of interest after 2 yr.

A. Rs.5820

B. Rs.5949.60

C. Rs.5900

D. Rs.5994.60

E. None of these

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5 .What amount a man would have received on a principal of Rs. 4000 after two yr compound interest @ 5% per annum ?

A. Rs.4161

B. Rs.5200

C. Rs.4410

D. Rs.4100

E. Rs.4190

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6 .The simple interest accrued on an amount of ` 27500 at the end of three years is ` 10230. What would be the approximate compound interest accrued on the same amount at the same rate in the same period ?

A. Rs.11550

B. Rs.12620

C. Rs.10950

D. Rs.11900

E. Rs.13500

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7 .The simple interest accrued on an amount of Rs. 84000 at the end of 3 yr is Rs. 30240. What would be the compound interest accrued on the same amount at the same rate in the same period ?

A. Rs.30013.95

B. Rs.31013.95

C. Rs.32013.95

D. Rs.33013.95

E. Rs.34013.95

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8 .Kruti took a loan at a simple interest rate of 6% in the first year with an increase of 0.5% in each subsequent year. She paid interest of Rs. 3375 after four years. How much loan did she take ?

A. Rs.12500

B. Rs.33140

C. Rs.15800

D. Cannot be determined

E. None of these

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9 .The simple interest accrued on an amount of Rs. 40000 at the end of three years Rs. 12000. What would be the compound interest accrued on the same amount at the same rate in the same period ?

A. Rs.18765

B. Rs.15350

C. Rs.21555

D. Rs.13240

E. None of these

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10 .Vishwas borrowed a total amount of Rs. 30000, part of it on simple interest rate of 12% per annum and remaining on simple interest rate of 10% per annum. If at the end of 2 yr he paid in all Rs. 36480 to settle the loan amount, what was the amount borrowed at 12% pre annum ?

A. Rs.16000

B. Rs.18000

C. Rs.17500

D. Rs.12000

E. None of these

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11 .The simple interest accrued on an amount of Rs. 17000 at the end of four years is Rs. 6800. What would be the compound interest accrued on the same amount at the same rate in the same period ?

A. Rs.7889.7

B. Rs.8324

C. Rs.6990.5

D. Cannot be determined

E. None of these

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12 .A sum of Rs. 2600 is lent out in two parts in such a way that the interest on one part at 10% for 5 years is equal to that on the other part at 9% for 6 years. The sum lent out at 10% is __ .

A. 1250

B. 1350

C. 1450

D. 1550

E. 1650

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13 .The simple interest on a sum of money is $1 \over 16$th of the principal and the number of years is equal to the rate per cent per annum. The rate per cent annum is ______

A. 6$1 \over 4$%

B. 6$1 \over 3$%

C. 6$1 \over 5$%

D. 4$1 \over 5$%

E. 7$1 \over 7$%

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14 .Rahul borrowed a certain sum from Dhawan at a certain rate of simple interest for 2 years. He lent this sum to Ramesh at the same rate of interest compounded annually for the same period. At the end of two years, he received ` 4200 as compound interest but paid ` 4000 only as simple interest. Find the rate of interest.

A. 12%

B. 25%

C. 35%

D. 10%

E. None of these

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15 .Rajesh gave Rs. 1200 on loan. Some amount he gave at 4% per annum on simple interest and remaining at 5% per annum on simple interest. After two years, he got Rs. 110 as interest. Then the amounts given at 4% and 5% per annum on simple interest are, respectively :

A. Rs.500,Rs.700

B. Rs.400,Rs.800

C. Rs.900,Rs.300

D. Rs.1100,Rs.1100

E. None of these

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16 .The difference between the interest received from two different banks on Rs. 500 for 2 years is Rs. 2.50. The difference between their rates is _______

A. 1%

B. 2%

C. 0.5%

D. 0.25%

E. 1.5%

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17 .Some amount out of Rs. 7000 was lent at 6% per annum and the remaining at 4% per annum. If the total simple interest from both the fractions in 5 yrs. was Rs. 1600, find the sum lent at 6% per annum

A. 1500

B. 2000

C. 2500

D. 3000

E. 5000

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18 .A finance company declares that, at a certain compound interest rate, a sum of money deposited by anyone will become 8 times in three years. If the same amount is deposited at the same compound rate of interest, then in how many year will it become 16 times ?

A. 5 years

B. 4 years

C. 6 years

D. 7 years

E. None of these

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19 .Arun and Ramu are friends. Arun borrowed a sum of Rs. 400 at 5% per annum simple interest from Ramu. He returns the amount with interest after 2 years. Ramu returns to Arun 2% of the total amount returned. How much did Arun receive ?

A. 9

B. 8.80

C. 7.5

D. 7

E. 10.5

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20 .A person lent at certain sum of money at 4% simple interest; and in 8 years the interest amounted to Rs. 340 less than the sum lent. Find the sum lent

A. 500

B. 600

C. 1000

D. 1500

E. 1700

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21 .Sonika invested an amount of Rs. 5800 for 2 years. At what rate of compound interest will she get an amount of Rs. 594.5 at the end of two years ?

A. 5 p.c.p.a.

B. 4 p.c.p.a.

C. 6 p.c.p.a.

D. 8 p.c.p.a.

E. None of these

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22 .The compound interest earned by Suresh on a certain amount at the end of two years at the rate of 8 p.c.p.a. was Rs.1414.4. What was the total amount that Suresh got back at the end of two years in the form of principal plus interest earned ?

A. Rs.9414.4

B. Rs.9914.4

C. Rs.9014.4

D. Rs.8914.4

E. None of these

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23 .What would be the compound interest accrued on an amount of Rs. 7400 @ 13.5 p.c.p.a. at the end of two years ? (Rounded off to two digits after decimal)

A. Rs.2136.87

B. Rs.2306.81

C. Rs.2032.18

D. Rs.2132.87

E. None of these

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24 .If the compound interest accrued on an amount of Rs. 14500 in two years is Rs. 4676.25, what is the rate of interest p.c.p.a ?

A. 11

B. 9

C. 15

D. 18

E. None of these

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25 .What would be the compound interest accrued on a amount of Rs. 8000 at the rate of 15% per annum in three years ?

A. Rs.4283

B. Rs.4051

C. Rs.4167

D. Rs.4325

E. None of these

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26 .Two friends A and B jointly lent out Rs. 81,600 at 4% per annum compound interest. After 2 years A gets the same amount as B gets after 3 years. The investment made by B was

A. Rs.40000

B. Rs.30000

C. Rs.45000

D. Rs.38000

E. None of these

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27 .Rs. 5,887 is divided between Shyam and Ram, such that Shyam's share at the end of 9 years is equal to Ram's share at the end of 11 years, compounded annually at the rate of 5%. The share of Shyam is

A. Rs.2088

B. Rs.2000

C. Rs.3087

D. Rs.2880

E. None of the above

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28 .What will be the difference between the simple interest and compound interest earned on a sum of Rs.985.00 at the rate of 14% per annum at the end of two years ?

A. Rs.16.408

B. Rs.14.214

C. Rs.19.218

D. Rs.17.405

E. None of these

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29 .The simple interest on a certain sum of money for 4 years at 4 per cent per annum exceeds the compound interest on the same sum for 3 years at 5 per cent annum by Rs. 57. Find the sum.

A. 24000

B. 25000

C. 26000

D. 3000

E. 40000

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30 .A sum of money at compound interest amounts in two years to Rs. 2809, and in three years to Rs. 2977.54. Find the rate of interest and the original sum

A. 2000

B. 2100

C. 2200

D. 2500

E. 3000

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31 .A sum is invested at compound interest payable annually. The interest in two successive years was Rs. 225 and Rs. 236.25. Find the rate of interest.

A. 2%

B. 3%

C. 5%

D. 9%

E. 11%

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32 .A merchant commences with a certain capital and gains annually at the rate of 25 p.c. At the end of 3 years he has Rs. 10,000. What was his original capital ?

A. 5120

B. 5353

C. 5456

D. 5657

E. 5757

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33 .Sharma invested one-half of his savings in a bond that paid simple interest for 2 yr and received Rs. 550 as interest. He invested the remaining in a bond that paid compound interest, interest being compounded annually, for the same 2 yr at the same rate of interest and received Rs. 605 as interest. What was the value of his total savings before investing in these two bonds?

A. Rs.22000

B. Rs.11000

C. Rs.5500

D. Rs.2750

E. None of these

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34 .What sum of money at compound interest will amount to Rs. 2249.52 in 3 years if the rate of interest is 3% for the first year, 4% for the second year, and 5% for the third year?

A. 2000

B. 2050

C. 2080

D. 1850

E. 1975

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35 .The rate of interest on a sum of money for the first two years is 6% p.a., for the next two years it is 7% p.a. and 8% p.a. for the period exceeding three years; all at simple interest. If a person earns an interest of Rs. 7,536 by the end of the seven years, what is the amount at the end of the period of investment?

A. Rs.15072

B. Rs.11304

C. Rs.22608

D. Rs.21308

E. None of these

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