30+ Simple Interest and Compound Interest Questions [Important] for SSC/IBPS

Simple Interest and Compound Interest Questions

Hello Friends, Welcome to www.ExamsKart.com Online Study portal. I hope your preparation is going great. Simple Interest and compound Interest is important chapter of Quantitative Aptitude. 4-5 questions from Simple Interest and Compound interest are asked in SSC CGL/CHSL/IBPS etc. that’s why we are sharing today Simple Interest and Compound Interest Questions for SSC, Bank, Railway, Vyapam, CET 2019 and other competitive Exams. These Simple Interest and Compound Interest Questions are compiled from previous year question papers and these questions are frequently asked in every exams. So practice from these questions and score high in upcoming exams.

Simple Interest and compound Interest questions

 Simple Interest and Compound Interest Questions

The difference between the compound Interest and simple interest on a certain amount for 2 years at the rate of 10% per year is 200. The sum is:

  1. 16000
  2. 25000
  3. 18000
  4. 20000

What will be the compound interest on a sum of ₹25,000 after 3 years at the rate of 12% per annum?

  1. ₹10123.20
  2. ₹9000.30
  3. ₹10483.20
  4. ₹9720

The difference of simple and compound interest for 2 years at 4 percent per annum is 20. The principal amount will be:

  1. 12000
  2. 12500
  3. 13000
  4. 13500

The difference between the simple and compound interest on a certain sum of money for 2 years at 4% is 8. Find the sum.

  1. 5000
  2. 4000
  3. 3000
  4. 1000

Utkarsh deposited ₹5,000 in the bank. The bank offered simple interest at rate of 12 percent per year. After 5 years the total amount received by him will be:

  1. ₹7000
  2. ₹7500
  3. ₹8000
  4. ₹8500

What would be the simple interest obtained on an amount of 6,535 at the rate of 10 % p.a. (percent per annum) after 6 years?

  1. 3414
  2. 3921
  3. 3807
  4. 3149

Find the simple interest (in Rs.) on a sum of Rs.4000 in 4 years at the rate of interest 6% per annum.

  1. 960
  2. 750
  3. 850
  4. 860

If the simple interest on a certain sum of money for 3 years at 5% is ₹150, then compound interest on the same sum at same rate for same time will be:

  1. ₹157.625
  2. ₹158.625
  3. ₹159.625
  4. ₹162.025

In what time does money becomes double at simple interest rate of 6% per annum?

  1. 14.66 Years
  2. 15.66 Years
  3. 16.66 Years
  4. 17.66 Years
Simple Interest and Compound Interest Questions

The difference of compound interest and simple interest on a sum at the rate of 6% for two years is ₹36, then what will be the sum?

  1. ₹10,000
  2. ₹12,000
  3. ₹15,000
  4. ₹9,000

An amount becomes ₹3795 in 3 years and ₹4537.50 in 7.5 years on simple interest. Find the rate of interest per annum.

  1. 6%
  2. 4%
  3. 4.5%
  4. 5%

How much time will it take for an amount of Rs.450 to yield Rs.81 as interest at 4.5% per annum of simple interest?

  1. 5 years
  2. 4.5 years
  3. 3.5 years
  4. 4 years

The simple interest on a sum of money will be Rs.300 after 5 years. For the next 5 years principal is 3 times, then the total interest at end of the 10th year?

  1. Rs.1200
  2. Rs.1230
  3. Rs.1220
  4. Rs.1250

In how many years will a sum of money double itself at 6.25% simple interest per annum?

  1. 12 years
  2. 24 years
  3. 16 years
  4. 20 years

Ritesh borrowed a sum of Rs. 18,350 at 15% p.a. simple interest from Meenu for 3 years. What was the amount paid by Ritesh?

  1. 26607.5
  2. 27607.5
  3. 25607.5
  4. 24607.5

If the interest on money be 1 paisa per rupee per month, what is the rate per cent per annum?

  1. 10%
  2. 12%
  3. 15%
  4. 10.5%

What sum lent at 4.5% per annum will produce as much simple interest in 3.5 years as Rs.630 lent at 3.75% per annum in 2.5 years?

  1. Rs.375
  2. Rs.405
  3. Rs.385
  4. Rs.390

The difference between compound and simple interest on a certain sum for 2 years at 4% per annum is Rs.56. Find the sum.

  1. Rs.26000
  2. Rs.35000
  3. Rs.12000
  4. Rs.19000
Simple Interest and Compound Interest Questions

The difference between compound interest and simple interest on a certain sum for 2 years at 4 % per annum is Rs.1. Find the sum.

  1. Rs.600
  2. Rs.625
  3. Rs.560
  4. Rs.650

A sum of Rs. 400 amounts to Rs. 480 in 4 years. What will it amount to if the rate of interest is increased by 2%?

  1. Rs.512
  2. Rs.520
  3. Rs.484
  4. Rs.560

The compound interest on Rs. 5,000 for 3 years at 10% p.a. will be

  1. Rs. 1,565
  2. Rs. 1,655
  3. Rs. 1,654
  4. Rs. 1,600

A man invests Rs.2000 at 5% compound interest. At the end of 3 years he will get a total amount of

  1. Rs.2305
  2. Rs.2316.25
  3. Rs.2315.25
  4. Rs.2205

The simple interest on a certain sum at 5% per annum for 3 years and 4 years differ by Rs.42. The sum is

  1. Rs.750
  2. Rs.210
  3. Rs.280
  4. Rs.840

A sum becomes Rs. 1,352 in 2 years at 4% per annum compound interest. The sum is

  1. Rs. 1,270
  2. Rs. 1,245
  3. Rs. 1,250
  4. Rs. 1,225

What would be the simple interest obtained on an amount of Rs. 6,535 at the rate of 10 % per annum after 6 years?

  1. Rs.3414
  2. Rs.3149
  3. Rs.3807
  4. Rs.3921
Simple Interest and Compound Interest Questions

At what rate per cent per annum will Rs.8000 amount to Rs.8820 in 2 years at compound interest?

  1. 8%
  2. 9%
  3. 7%
  4. 5%

What sum of money will amount to Rs.520 in 5 years and to Rs.568 in 7 years at simple interest?

  1. Rs.510
  2. Rs.400
  3. Rs.220
  4. Rs.120

A sum of money invested at compound interest amounts in 3 years to Rs. 2,400 and in 4 years to Rs. 2,520. The interest rate per annum is:

  1. 12%
  2. 6%
  3. 5%
  4. 10%

A sum of money at compound interest doubles itself in 15 years. It will become eight times of itself in how many years at the same rate of interest per annum?

  1. 60 years
  2. 54 years
  3. 48 years
  4. 45 years

In what time will the simple interest be 2/5 of the principal at 8 percent per annum?

  1. 7 years
  2. 6 years
  3. 5 years
  4. 8 years

A sum of Rs.1600 gives a simple interest of Rs.252 in 2 years and 3 months. The rate of interest per annum is

  1. 7%
  2. 6%
  3. 5%
  4. 8%

A sum of money invested at simple interest amounts to 1250 in 4 years. If the interest at the end of 16 years is same as the sum invested then interest at the end of 4 years was

  1. 250
  2. 25
  3. 500
  4. 100

 

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