Simple Interest and Compound Interest Problems and Solutions
Problems with Solutions of Simple and Compound Interest
Here we are providing Simple and Compound Interest important questions and answers based on the above formulas for your convenience and good practice will help you to improve your score by covering the maths topic. Students who understand mathematics as a very difficult subject, start their practice-
Q : The simple interest for four years is one fourth of the principal. At the same rate, which amount become Rs.450 total amount in 2 years?
(A) Rs. 400
(B) Rs. 525
(C) Rs. 425
(D) Rs. 525
Correct Answer : A
Some amount out of Rs.7000 was lent at 6% per annum and the remaining at 4% per annum. If the total simple interest from both the fractions in 5 year was Rs.1600, find the sum lent at 6% per annum.
(A) Rs. 1200
(B) Rs. 1500
(C) Rs. 1800
(D) Rs. 2000
Correct Answer : D
How much interest will be received in 2.5 years at the rate of 4 percent simple interest of Rs. 3,680?
(A) Rs. 72
(B) Rs. 368
(C) Rs. 92
(D) Rs. 455
Correct Answer : B
A sum is to be paid back in 3 equal annual instalments. The interest is compound annually at 30% per annum. If each instalment be Rs.21970 then what is the sum?
(A) Rs.39,800
(B) Rs.39,900
(C) Rs.39,950
(D) Rs.39,990
Correct Answer : B
In what time will the annual simple interest rate at $$ {6{1\over4}{\%}}$$ , 72 rupees becomes 81 rupees?
(A) 2 year
(B) 2 year 6 month
(C) 3 year
(D) None of these
Correct Answer : A
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Vikram Singh
Providing knowledgable questions of Reasoning and Aptitude for the competitive exams.
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