Practice Simple and compound interest Questions and Answers

• A man, after making the first investment, earned a total interest of Rs. 1,09,200 at the end of 3 years. He invested a certain amount at an annual compound...
• Raghav has made financial investments in two different Gold Schemes. In Gold Scheme P, he invested a certain amount denoted by 'a' for 2 years with an annu...
• Anita invested Rs. 5400 in scheme 'P,' which offers a 15% per annum simple interest rate, and she invested Rs. 3800 in scheme 'Q,' offering a 25% per annum...
• sum invested at a certain rate of compound interest, compounded annually amounts to Rs.12,240 after 2 years and amounts to Rs. 17,625.6 after 4 years. If 6...
• The simple interest on a sum of money is 9/35 of the sum. If the number of years is numerically 5/7 times of rate percent per annum, then the rate percent ...
• When two equal amounts are deposited for 7 years and 5 years at the rate of 6% and 8% per annum respectively, the difference of their simple interest is 30...
• A sum of 10,500 amounts to 13,825 in 3.8 years at a certain rate percent per annum simple interest. What will be the simple interest on the same sum for 5 ...
• A sum doubles in seven years at simple interest. In how many years will the sum become five times the original sum?
• A sum lent out at simple interest amounts to 6076 in 1 year and 7504 in 4 years. The sum and the rate of interest p.a. are respectively
• A sum of Rs. 100 is invested at 10% per annum compound interest (compounded annually) for two years. How much interest will be received after two years?
• A sum when invested at a certain rate of simple interest becomes 3 times itself in 25 years. Find the rate of interest.
• 'M' placed a specific amount of money into the 'SBI' Mutual Fund, which provides a 15% per annum simple interest rate. Simultaneously, 'M' invested the sam...
• Suppose 'S' invested Rs. 40,000 each at 12% p.a. in two different Funds for 2 years, with one Fund offering compound interest (compounded annually) and the...
• Ankita invested Rs. 1800 at an annual interest rate of (a + 5)%, and she earned a total interest of Rs. 1404 after three years. Now, if she decides to inve...
• An investment of Rs. 8,430 is made in a Mutual Fund, offering a 10% per annum simple interest rate for 'p' years, while another investment of Rs. 8,800 is ...
• An amount of 'a' is invested at an annual interest rate of 18% with simple interest, and another amount of  'a + 750' is invested at an annual interest ra...
• Anchal allocates a portion of his salary for various purposes. He invests 10% of his salary in a Provident Fund (PF) and then spends 30% of what's left on ...
• The simple interest on a sum of Rs X in 5 years is 2/5 of the principal. What is the annual rate of interest?
• Calculate the value of 'a' if 'P' initially had Rs. 'a' and invested 45% of this amount in a PF A with a simple interest rate of 35% per annum and the rest...
• Rahul invested Rs. 2450 at a 40% per annum simple interest rate for 'y' years, and this investment yielded a total amount of Rs. 4410. Find the interest ea...
• "Zampa invested Rs.__________ in an SBI Contra fund with a 20% annual compound interest, compounded annually. At the end of each year, the bank deducts a 1...
• When 19.62% of Pawan's monthly salary, which is the total of 15721.33 and 19678.9, is equally distributed among four different SIPs, what is the approximat...
• Anil initiated his financial journey by investing Rs. 7500 in a Contra fund, which offered a simple interest rate of 18% per annum for a duration of 2 year...
• Suppose a specific amount is invested in a Life insurance policy at a simple interest rate of 15% per annum for 2 years, the interest earned amounts to Rs....
• Arjun acquired a smartphone with a price tag of Rs. 18,000. For the initial payment, he paid Rs. 2,160. The remainder was to be paid in two equal installme...
• The difference of simple interest from two banks on Rs. 8,000 in 3 years is Rs. 800. If the rate of interest per annum in two banks is R1 and R2, then what...
• Rahul invested a certain amount at a simple interest rate of 8% per annum, and after 6 years, it grew to Rs. 1,850. If he had instead invested the same sum...
• 'K' distributed his investments among two distinct funds, Mutual Fund X and Mutual Fund Y, in the respective ratio of 9:8. While Mutual Fund X generates si...
• Jeeva invested Rs. 30,000 at a compound interest rate of 24% per annum, compounded annually, for 2 years. After these two years, she decided to utilize the...
• The simple interest earned on 2,400 at a rate of 5% per annum for 3 years is RS x and RS 1,736 is the simple interest earned on RS 6,200 at a rate of 14% f...
• A certain sum amounts to ₹13200 after 4 years and to ₹16400 after 8 years at the same rate percent p.a. at simple interest. The simple interest (in ₹...
• Some amount out of Rs. 15000 was lent out at 10% per annum and the rest amount @ 16% per annum and thus in 4 years the total interest from both the amount ...
• 'S' undertook an investment endeavor by allocating a capital denoted as 'a + 1000' into a scheme yielding a straightforward interest rate of 20% per annum ...
• M invested Rs. 27,000 in two Mutual Funds, 'Axis Funds' and 'ICICI Funds,' for 5 years and 2 years, respectively. 'Axis Funds' provide simple interest at 2...
• The savings of Arun and Bhaskar are same. The difference between the expenditure of Bhaskar and the savings of both Arun and Bhaskar together is 0. The inc...
• Investor V placed Rs. (a + 3000) in a compound interest account with an annual interest rate of r%, compounded annually for a span of 2 years. Simultaneous...
• If the difference in interest between two banks on Rs 500 for 2 years is 12.50 then what will be the difference in their rates?
• A person borrows Rs 400 at 5% compound interest per annum. If he returns Rs 200 after one year, then how many more rupees will he have to pay at the end of...
• A sum triples itself in 8 years at simple interest. Find the rate of interest per annum is.
• The simple interest on a sum of Rs X in 5 years is 4/5 of the principal. What is the annual rate of interest?