Practice Simple and compound interest Questions and Answers

• '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...
• A certain amount of money at simple interest amounts to ₹1,404 in 2 years and to ₹1,560 in 5 years. What is the rate of simple interest per annum ?
• A certain sum of money amounts to Rs 1331 in 3 years at 10 percent compounded annually. Find the value of (CI-SI)?
• Aman invested Rs. 'a' and Rs. (a + 2100) in SIP 'P' and 'Q', respectively, in a way that the amounts received from both SIPs after 2 years are equal. If SI...
• Rs.5,000 is divided into two parts such that if one part is invested at 4% and the other at 5%, then the whole annual interest from both sums is Rs.223. Ho...
• Raman paid Rs.9,600 in interest on a loan she obtained 5 years ago with a simple interest rate of 16%. What was the amount of the loan she had taken?
• A car with a price of Rs.6,50,000 is bought by making some down payment. On balance, a simple interest of 10% is charged in lump sum and the money is to be...
• A sum of money amounts to Rs.767 in 3 years, and to Rs.806 in 4 years on simple interest at 6% annum. What is the sum?
•  If a sum of Rs. 6,500 is to be borrowed for 2 years at 10% per annum compounded half-yearly, find the compound amount (integer values only).
• 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?
• A sum doubles in 9 years at simple interest. Find the rate of interest per annum is.
• What is the compounded amount on a sum of 25,000 after three years at a rate of 12 percent per annum interest compounded yearly?
• If interest is compounded half-yearly, then find the compound interest on Rs. 8,000 at the rate of 20% per annum for 1 year.
• A sum of Rs.10 is lent by a child to his friend to be returned in 11 monthly instalments of Rs.1 each, the interest being simple. The rate of interest is:
• A certain amount will become six times in 20 years. How long does it take for the same amount to become 5 times? Assume the same rate of simple interest in...
• A certain sum of money is given at a certain rate for 3 years. Had it been given at 5% higher rate; it would have fetched Rs.600 more. Find the sum.
• A&B invested their sum in the ratio of 22: 25. Respectively. In two different schemes. Offering simple interest of 15% per annum and compound interest of 1...
• A, B, and C all three invested in scheme at 20% SI for 2 years. A, B, and C entered in partnership with interest received from the scheme for 1 year, 8 mon...
• Amit invested Rs. 96,000 in two SIPs labeled 'P' and 'Q.' SIP 'P' offers an annual interest rate of (p - 3)%, and SIP 'Q' offers (p + 3)% interest, both at...
• Ajay invested Rs.24,000 in Fund 'P' for a duration of 4 years, where it earns simple interest at a rate of 22.5% per annum. The amount obtained from Fund '...
• if the interest is compounded half-yearly, calculate the amount when the principal  is Rs.4000, the rate of interest is 22%.solve the question
• What would be the annual interest accrued on a deposit of Rs.24,550 in a bank that pays a 22% per annum rate of simple interest?
• A sum becomes 2.89 times ot itselt in 2 years when invested at compound interest (compounded annually). What is the annual rate of interest?
• Ashakti invested the same amount of money in two distinct Systematic Investment Plans (SIPs), SIP 'X' and SIP 'Y,' both for a duration of 2 years. SIP 'X' ...
• Raghav invested Rs.1,800 at an annual compound interest rate of 'r%', compounded annually, resulting in a compound interest of Rs.792 after two years. Dete...
• Asmita invested Rs. 3200 for 2 years at an annual simple interest rate of r%, while Shreya invested the same sum as Asmita for 2 years at an annual compoun...
• Raghav placed an amount of Rs. 'x' in an account with an annual compound interest rate of R%. After 3 years, the compounded annual amount is Rs.12167. Addi...
• If the difference between the simple interest and compound interest, compounded annually, received on a principal amount of Rs. 25000 at an interest rate o...
• 'P' allocated different portions of his savings, totaling Rs. 100,000, to three banks. The first portion was invested in Axis Bank at a simple interest rat...
• At a simple interest rate of 20% per year for three years, 'P' invested Rs. 'p + 250', and for two years, Rs. 'p + 500' at a simple interest rate of 30% pe...