Practice Simple and compound interest Questions and Answers

• 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?
• A sum doubles in eight years at simple interest. In how many years will the sum become five times the original sum?
• Aman spends 30% of his income, monthly income, on fuel. 40% in basic needs and 20% of the remaining in education. He saves the rest of them all in a recurr...
• Santosh invested Rs.9000 in a scheme for 6 years which is offering 15% simple interest. The amount received after 6 years from scheme B has been invested i...
• Atul invested in scheme A and B that provide simple interest at the rate of 12% and 15% for 3 years and 5 years, respectively. Interest received from schem...
• If he invested Rs. ________ in a scheme that offers a R% rate of interest for the 4T years on simple interest, then the interest received from the scheme i...
• 'X' deposited Rs.24000 at 20% per annum compound interest in SIP 'P' while Rs.18600 at 24% per annum simple interest in SIP 'Q'. What would be his total in...
• 'The sums of money owned by 'Ajay' and 'Vijay' are in the ratio of 7:5, respectively. 'Ajay' invested his amount for 5 years at a simple interest rate of 2...
• The compound interest on a certain amount for 2 years at 4% per annum is ₹ 1,428 if interest is compounded annually. Find the simple interest on that amo...
• Anoop invested a sum at a simple interest rate of 8% per annum, and it grew to Rs.1,850 in 6 years. If the same sum is invested at a compound interest rate...
• "S" has Rs. 'p' with him. He invested 20% of the sum at 15% p.a. simple interest for 4 years in an FD and the rest at 20% p.a. simple interest for 3 years ...
• The amount becomes ₹ 1,451.25 in one year on a simple rate of interest. If the rate of interest was 2% higher, the amount would have been ₹ 27 more. Wh...
• Aman invested Rs. 'a' and Rs. (a + 2300) in SIP 'P' and 'Q', respectively, in a way that the amounts received from both SIPs after 2 years are equal. If SI...
• Aman invested Rs. 'a' and Rs. (a + 2300) in SIP 'P' and 'Q', respectively, in a way that the amounts received from both SIPs after 2 years are equal. If SI...
• 'S' allocated 40% of his monthly income to SIP P, where it accrues a simple interest of 18% p.a. The remaining 60% was directed to SIP Q, with a compound i...
• 'V' invested Rs. 15,000 in Provident Fund 'P,' which provides 20% compound interest for two years, compounded annually. He subsequently invested the amount...
• Aman invested 20% of an amount, denoted as Rs. 'P', in a compound interest scheme with an annual interest rate of 10%, compounded annually. After 2 years, ...
• The compound interest on a certain amount for 2 years at 4% per annum is ₹ 1,020, if interest is compounded annually. Find the simple interest on that am...