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Practice Simple and compound interest Questions and Answers

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 sum of money triples itself in 12 years. Find the rate percent per annum. ...
If a sum when placed at compound interest grows to Rs.6,400 in 2 yrs and to Rs. 8,000 in 3 yrs, find the rate percent p.a. ...
A sum of money triples itself in 12 years. Find the rate percent per annum.
What will be the simple interest on Rs. 6,20,000 from March 30, 2011 to November 04, 2011 at 12 % p.a?
If the simple interest for 6 years be equal to 60% of the principal. It will be equal to the principal after
Shankar borrowed Rs. 7,200 at simple interest and repaid an amount of Rs. 9,504 after 7 years. If the interest rate p.a charged for first 4 years was 5% p....
Mr. Mathur invested Rs. 40,000 with Bank A for 2 years and Rs. 10,000 with Bank B for 4 years at simple interest and earned Rs. 6,000 as interest. Find the...
Naina lent Rs. 9,800 to Mohini for 4 years and Rs. 8,800 to Mitali for 6 years on simple interest at the same rate of interest and received Rs. 11,040 in a...
What will be the ratio of simple interest earned by certain amount at the same rate of interest for 4 years and 6 years ?
A person invested some amount at the rate of 12% simple interest and a certain amount at the rate of 10% simple interest. He received yearly interest of Rs...
The simple interest accrued in five years on a principal of Rs. 50,000 is one – tenth of the principal. What is the rate of simple interest p.a.?
A person takes loan of Rs. 20,000 on the condition that he would pay it in the monthly instalment of Rs. 2,500. He has to pay interest @ 16% on the outstan...
Yeshudas borrowed a certain amount from a Bank at an interest rate of 2.5% p.a. and after 4 years , he repaid a total amount of 46,200 to the Bank.&n...
Find the compound Interest on Rs. 8,000 @15 % p.a for 2 years 4 month Compounded annually?
A man borrowed Rs 200 and promised to pay back in 11 equal instalments of Rs 20 each. Find the rate of simple interest per annum?
Find the approx. compound interest on Rs. 5000 at 4% per annum for 2 years compounded half yearly?
Aman lends 50% of his sum of money at 17% per annum, 40% of rest at 12% per annum and the rest at 15% per annum rate of interest. What would be the annual ...
The time required for a sum of money to amount to five times itself at 16% simple interest p.a. will be
A man buys a laptop at Rs. 18,000. He pays Rs.6,000 at once and the rest after 18 months on which he is charging a simple interest at the rate of 15% per a...
Some amount out of Rs. 12000 was lent out at 10% per annum and the rest amount @ 16% per annum and thus in 5 years the total interest from both the amount ...
Bittu, Tittu and Mitthu invested Rs. 80000, Rs. 100000 and Rs. 120000 respectively to start a business. Partnership condition is that, each will get intere...
The simple interest accrued in five years on a principal of Rs. 50,000 is one – tenth of the principal. What is the rate of simple interest pa?
How much time will it take for an amount of Rs.2000 to yield Rs. 640 as interest at 8% p.a. of SI?
On Rs. 6000 invested at a simple interest at the rate of 4% p.a., Rs. 2400 is obtained as interest in certain years. In order to earn Rs. 4800 as interest ...
Some amount out of Rs. 24000 was lent out at 10% per annum and the rest amount @ 16% per annum and thus in 5 years the total interest from both the amount ...
In what time will Rs. 45000, at 4% per annum, produce the same interest at Rs.18000 does in 5 years at 8% simple interest?
The time required for a sum of money to amount to 4 times itself at 15% simple interest p.a. will be
If Rs. 12000 is invested at a simple interest at the rate of 5% p.a., Rs. 4800 is obtained as interest in certain years. In order to earn Rs. 6400 as inter...
What sum of money will become Rs.1352 in 2 years at 4 percent per annum compound interest?
Charan went to purchase an Apple i phone, the shopkeeper told him to pay 30% GST, if he asked the bill. Charan manages to get the discount of 10% on the ac...
A Motorbike can be purchased on cash payment of Rs. 30000. But the same Motorbike can also be purchased on the cash down payment of Rs 7000 and the rest ca...
Rs 2000 are invested at 5% p.a simple interest. If the interest is added to the principal after every 10 years, the amount will become Rs 4000 after
Jupiter borrowed a sum of Rs 31,500 from Mars at the rate of 14% per annum for 3 years. He added some more money in it and lent it to Saturn at the rate of...
A man borrowed Rs 300 and promised to pay back in 11 equal instalments of Rs 30 each. Find the rate of simple interest per annum?
A Man deposited certain amount in the Bank at the end of each year. How much amount did he deposited at the end of each year at the rate of 15% simple Inte...
Rohit invested a certain amount at the rate of 6 p.c.p.a. and obtained a simple interest of Rs 8,730 at the end of 3 years. What amount of compound interes...
Rs.700 amounts to Rs.742 in 2 years at a certain rate. If interest rate is increased by 2%, then what will be the new interest?
If the simple interest on a certain sum of money for 15 months at 3(1/2)% per annum exceeds the simple interest on the same sum for 9 months at 2(1/2)% per...
On what sum will the difference between the simple and compound interest for 3 years at 20% percent per annum amounts to Rs 66.56?

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