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QA Free Quiz || Simple and Compound Interest
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Question 1
The compound interest accrued on an amount of Rs. 10000 at the end of two years is Rs. 2544. What would be the simple interest accrued on the same amount at the same rate at the end of four years?
Question 2
The difference between simple interest and compound interest at the rate of 12% on the same amount for 3 years is Rs. 112.32. What is the principal amount if the interest is compounded annually?
Question 3
The difference between SI and CI is Rs. 18 for 2 years and the sum invested in both the schemes is Rs. 1800. Find the compound interest on the same sum with the same rate of interest after 3 years.
Question 4
Suraj invested Rs.1800 in a bank offering 10% compound interest for ‘a’ years. Find the value of ‘a’, if the total interest earned by Suraj from the bank is Rs. 595.8.
Question 5
Find the difference between the simple interest earned on an amount of Rs. 32000 at the rate of 10% per annum for 3 years and the simple interest earned on an amount of Rs. 48000 at the rate of 5% per annum for 4 years.
Question 6
Raveena invested Rs. ‘a’ in a bank offering 10% compound interest for three years compounded annually. Find the value of ‘a’ if the interest earned by Raveena is Rs. 15888 after 3 years.
Question 7
The difference between the compound interest obtained on Rs. ‘a’ at the rate of 10% per annum compounded annually and the simple interest obtained on the same amount at the rate of 9% per annum after 3 years is Rs. 2196. Find the value of ‘a’.
Question 8
Suman deposited Rs. 6400 at 20% compound interest and Rs. 5840 at 15% simple interest for 2 years each. The difference between the compound interest and simple interest earned by Suman is ______.
Question 9
Sandeep invested Rs. 2500 in a scheme offering 20% per annum simple interest. Had he invested the same amount in another scheme offering 25% simple interest for two more years than the first scheme, he would have received Rs. 1500 more interest. Find the time period of investment in the second scheme.
Question 10
If the compound interest earned on a certain sum for 2 years at 12% per annum is Rs. 636, what will be the simple interest at the same rate for the same period?
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Apr 13CAT & MBA
