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Home Aptitude Simple Interest Comments

  • Question
  • The simple and compound interest that can be earned in two years at the same rate is Rs 1500 and Rs 1575 respectively. What is the rate (% per annum) of interest?


  • Options
  • A. 8
  • B. 10
  • C. 12
  • D. 5

  • Correct Answer
  • 10 

  • Tags: Bank Exams

    Simple Interest problems


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    • 1. An amount fetched a total simple interest of Rs. 3200 at the rate of 6.25 %/yr in 4 years. What is the amount (in Rs)?

    • Options
    • A. 13800
    • B. 11800
    • C. 12800
    • D. 14800
    • Discuss
    • 2. Ganesh invested an amount of Rs x in a fixed deposit scheme offering 5% per annum for 1st year and 15% per annum for 2nd year and received an amount of Rs 9660 after two years. What is the value of x (in Rs)?

    • Options
    • A. 9000
    • B. 8000
    • C. 8500
    • D. 8200
    • Discuss
    • 3. On a certain principal if the Simple interest for two years is Rs 3000 and Compound interest for the two years is Rs 3225, what is the rate of Interest?

    • Options
    • A. 7.5 percent
    • B. 30 percent
    • C. 15 percent
    • D. 22.5 percent
    • Discuss
    • 4. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 16% per annum is Rs 320. What is the value of given sum (in Rs)?

    • Options
    • A. 25000
    • B. 50000
    • C. 37500
    • D. 12500
    • Discuss
    • 5. A bank offers 20% compound interest per half year. A customer deposits Rs 7600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained from interest is

    • Options
    • A. Rs 9727
    • B. Rs 2432
    • C. Rs 4864
    • D. Rs 1216
    • Discuss
    • 6. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Rs. 1. The sum (in Rs.) is:

    • Options
    • A. 620
    • B. 630
    • C. 640
    • D. 625
    • Discuss
    • 7. The sum of money that will yield Rs. 60 as simple interest at 6% per annum in 5 years is

    • Options
    • A. 200
    • B. 225
    • C. 175
    • D. 300
    • Discuss
    • 8. The rate of simple interest per annum at which a sum of money double itself in 16 2/3 yrs is

    • Options
    • A. 4%
    • B. 5%
    • C. 6%
    • D. 6.5%
    • Discuss
    • 9. For what sum will the simple interest at R% for 2 years will be R?

    • Options
    • A. 100/2R
    • B. 50/R
    • C. 100/R
    • D. 200/R
    • Discuss
    • 10. In simple interest rate per annum a certain sum amounts to Rs. 5,182 in 2 years and Rs. 5,832 in 3 years. The principal in rupees is

    • Options
    • A. Rs. 2882
    • B. Rs. 5000
    • C. Rs. 3882
    • D. Rs. 4000
    • Discuss


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