Simple Interest and Compound Interest important and possible question for any General and Competitive Examination are here. You can practice this all question for you effective preparation of Exam.
Here are some question prepared by us :-
Simple Interest
1. What is the Simple Interest on Rs 6000 at 8% per annum in 3 years. At what rate of interest should Rs 9000 be kept for 4 year to get the same interested ? (RS 1440, 4%)
2. Saroj borrows some money at simple Interest the rate of interest for first 2 years was 6% and that for rest 3 years was 8% p.a. If he paid Rs 4320 as interest at the end of 5 years, how much money did he initially borrow ? (Rs 12000)
3. Dipesh provides loan to Rupesh at 9% simple Interest for 6 years. After 6 years, Dipesh receives a total of Rs 15400 from Rupesh, how much money did Dipesh provides to Rupesh ? (Rs 10000)
4. In how many years, a sum of money trebles at 10% rate of interest ? What should be the rate of interest so that the sum will amount to 2.5 times at the same time ? (7.5%)
5. In how many years, the interest on Rs 900 at 6% will be equal to the interest on Rs 540 for 8 years at 5% per annum simple Interest ? (4 years)
6. The interest on Rs 2 for 2 months is 34 paisa. What is the Simple Interest on Rs 4000 in 3 years ? (Rs 1080)
7. A man has Rs 1900. He invests some of the money at 5% per annum and the remaining amount at 9% per annum. After 4 years, he receives a total of Rs 580 as interest, how much money were lent to each of them ? (Rs 650, Rs 1250)
8. What rate of interest, the simple Interest on a sum of money becomes three times the principal ? At the same rate, what will be the simple interest on Rs 8000 for 4 years ? (16.67%)
9. A certain sum of money amounts to Rs 1008 in 2 years and to Rs 1164 in 3.5 Years. Find the sum and rate of interest. (Rs 800, 13%)
10. A sum of money amounts to 7/4 of itself in 25/2 years, what is the rate of interest ? (6%)
11. If the simple interest on a sum of money at 7.5% per annum for 15 months exceeds the simple interest on the same sum for 8 months at 12.5% per annum by Rs 32.50, what is the sum ? (Rs 3120)
12. A man invests a certain sum of money at 6% p.a simple interest and another sum at 7% p.a simple Interest. His income from interest after 2 years was Rs 354. One fourth of the first sum is equal to 1/5th of the second sum. Find the total sum invested. (Rs 2700)
13. The simple interest on sum of money 5/4 of the principal. If the number representing the time in years and rate of interest p.a are same, how much money will he get back at the end of given time if the principal is Rs 6000 ? (Rs 13500)
14. Two equal sums of money were lent out at the same time at 8% and 7% p.a. simple Interest. The former is recovered 6 months earlier than the later and amount in each case is Rs 2560. Find the some and the time for which the sums of money are lent out ? (Rs 2000, 7/2 years, 4 years)
15. Rs 5000 is invested at certain rate of interest. Again, Rs 4000 is invested at 1% higher rate of interest. If the interest in both the case after 4 years is same, what is the rate of interest in former case ? (4%)
Compound Interest
1. What will be different between the interests on Rs 4000 in 2 years at semiannual rate of compound interest and annual rate of compound interest ? (Rs 7.63)
2. A takes a loan of Rs 24000 from a bank for 3 year at 12% p.a. Simple Interest and invests the same amount at same rate of compound interest compounded annually. How much profit does he earn at the end of 3 years after clearing the bank loan. (Rs 1078.27)
3. The compound interest on a sum of money for 3 years at 10% exceeds the simple interest on the same sum at same rate and time by Rs 155, what is the sum invested ? (Rs 5000)
4. The difference between compound interests compounded semiannually and annually on a sum of money in 2years is Rs 2019.24. What is the sum invested ? (Rs 250000)
5. The sum of simple Interest and Compound Interest compounded annually on a sum of money in 3 years is Rs 504.80. Find the sum. (Rs 800)
6. The compound amounts of a sum of money becomes Rs 14520 and Rs 15972 respectively after 2 and 3 years. Find the sum and rate of interest. ( Rs 12000, 10%)
7. The compound amounts on a sum of money for 2 years and 3 years are Rs 79860 and Rs 87846 respectively. What is the sum and rate of interest ? (Rs 66000, 10%)
8. The compound interests on a sum of money are Rs 450 and Rs 945 respectively in 1 year and 2 years. Find the rate of interest and the sum of money. (Rs 4500, 10%)
9. The compound interest on a sum of money in 2 years at 8% p.a. is Rs 312. What will be the Simple Interest on the same sum at same time and the same rate of interest ? (Rs 300)
10. How much money gives a interest of Rs 172405 at 10% per annum compounded semiannually in 2 years ? (Rs 800000)
11. At what rate of interest Rs 576 amounts to Rs 625 in 2 years ? (4.167%)
12. The compound interests on a sum of money are Rs 8800 and Rs 21572 respectively in 2 years and 4 years. How much will be the compound interest on the same sum in 3 years ? (Rs 14560)
13. Binaya deposited Rs 50000 in Nabil Bank for 5 years. Due to the change in policy of bank, the interest rate for first 2 years was 8% p.a. compounded annually and that for the rest of the period was 6% p.a. compounded annually. How much money will he get at the end of 5 years ? (Rs 69460.05)
14. A sum of money amounts to Rs 13380 and Rs 20070 in 3 years and 6 years respectively on Compound Interest. What is the sum and rate of interest ? (Rs 8920, 14.47%)
15. At what rate of interest Rs 16pp amounts to Rs 1852.20 in 3 years ? (5%)
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