Simple Interest and Compound Interest Problems and Solutions
If the difference between 2 years compound interest and simple interest at the rate of 5 percent of an amount is Rs. 25, then that amount will be?
(A) Rs. 15,000
(B) Rs. 10,000
(C) Rs. 20,000
(D) Rs. 12,000
Correct Answer : B
The simple interest on Rs. 12000 at a certain rate of interest in five years is Rs. 7200. Find the compound interest on the same amount for five years at the same rate of interest.
(A) Rs. 3502.80
(B) Rs. 3052.40
(C) Rs. 3054.80
(D) Rs. 3052.80
Correct Answer : D
What will be the compound interest of 3 years at the rate of 5 % of 1000 rupees?
(A) Rs. 157.650
(B) Rs. 157.625
(C) Rs. 155.625
(D) Rs. 160.625
Correct Answer : B
Rs.4000 becomes Rs. 5000 in 4 years at a certain rate of compound interest. What will be the sum at the end of 12 years?
(A) Rs. 7712.50
(B) Rs. 7812.50
(C) Rs. 7612.50
(D) Rs. 7512.50
Correct Answer : B
A principal increases by 21% over 2 years with compound interest. What will be the simple interest in 4 years at the same interest rate of Rs 1000?
(A) 320
(B) 350
(C) 400
(D) 420
Correct Answer : C
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Vikram Singh
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