simple-interest aptitude question and answers -Page 36

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Simple Interest problems

1. For an amount, simple interest at the rate of interest of 12% per annum for 6 years is Rs 25920. What will be the compound interest (in Rs) on same amount at the rate of interest of 8% per annum compounding annually for 2 years?
Options
A. 4326.3
B. 5563.4
C. 5888.6
D. 5990.4

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2. A certain principal is invested in a scheme of compound interest. The amount obtained after 1 year is Rs 2400 and the amount obtained after 2 years is Rs 2880. What is the rate of interest (in percentage)?
Options
A. 20
B. 15
C. 25
D. 10

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3. If a certain sum of money doubles itself in 7 years 8 months at simple interest, then what will be the yearly rate of interest (in %)?
Options
A. 18 3/4
B. 13 1/23
C. 26 2/23
D. 30

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4. The difference between compound interest and simple interest on a sum for 2 year at 20% per annum is Rs 200. If the interest is compounded half yearly, then what is the difference (in Rs) between compound and simple interest for 1st year?
Options
A. 50
B. 75
C. 100
D. 150

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5. If a certain sum of money become thrice of itself in 5 years 4 months at simple interest, then what will be the yearly rate of interest (in %)?
Options
A. 18.75
B. 27.5
C. 37.5
D. 42.25

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6. A sum amounts to Rs 7727.104 at the rate of 12% per annum compounded annually after three years. What is the value of principal (in Rs)?
Options
A. 5000
B. 5200
C. 5350
D. 5500

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7. Rohan borrowed a certain sum of money at simple interest. Rate of interest was 3% per annum for first 3 years, 4% per annum for next 5 years and 6% per annum for next 7 years. If he paid Rs 2059 as interest, then what is the sum borrowed (in Rs)?
Options
A. 2400
B. 2500
C. 2900
D. 3100

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8. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 9% per annum is Rs 405. The sum is ______ .
Options
A. Rs 50000
B. Rs 100000
C. Rs 200000
D. Rs 150000

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9. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 12% per annum is Rs 72. What is the value of given sum (in Rs)?
Options
A. 10000
B. 20000
C. 5000
D. 15000

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10. 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

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