Simple and Compound Interest

IMPORTANT

Simple and Compound Interest: Overview

This topic covers concepts, such as, Finding Simple Interest for Multiple Years, Applications of Compound Interest Formula, Growth Rate as Percentage & Depreciation of Value etc.

Important Questions on Simple and Compound Interest

EASY
IMPORTANT

What value will come in place of question mark (?) in the number-series given below?

72 75 81 ? 102 117

HARD
IMPORTANT

Number of girls taking admission in an engineering college increases by 20% for 2 years. In the third year admission by girls decreased by 10% . If the number of girls initially was 500, then the number of girls in the college at the end of the third year is what percent of the number of girls initially in the college?

HARD
IMPORTANT

Profits of a company XYZ Ltd. in 2017 was 390625. Profit increases to 456976 in 2021. Find the growth rate of the profit of the company :

MEDIUM
IMPORTANT

Anjali borrowed Rs.1,00,000/-from her husband. She returned 20% to her husband. Remaining. She invested in her new business believing at 10% compounded annually. She has to pay 10% tax on her interest per year. How much money she has at end of 3 years? (in Rs.)

EASY
IMPORTANT

Find the rate at S.I, at which sum becomes three times of itself in 8 years ?

EASY
IMPORTANT

How much time it will take Rs.8000 amounts to Rs.9261 at 10% per annum being compounded half-yearly ?

MEDIUM
IMPORTANT

A sum of Rs.60,000 is invested for 18 months at 20% per annum on compound interest. If it is compounded half yearly. Calculate the interest.

EASY
IMPORTANT

The compound interest at the end of one year is Rs.80 and at the end of the second year it is Rs.87 on an amount. Calculate the amount deposited. (approx)

EASY
IMPORTANT

A man lents amount Rs.5000 for 4 years compounded annually, rate of interest first two years is 7% and remaining 2 years, be 8%. Calculate amount be received after 4 years.

MEDIUM
IMPORTANT

An investor invested his half of his capital to company A, at 5% one fifth of his capital to company B at 8% and rest be invested in stocks at 4%. If the simple interest for 3 years amounts to Rs.2000. Calculate the amount investor originally invested. (approx)

MEDIUM
IMPORTANT

Suppose the difference between simple interest & Compound interest is Rs.100 & Simple interest for the second year is Rs.2000. Find the sum.

EASY
IMPORTANT

In how many years, the price of SBI stock of  Rs.8000 will amounts to Rs.10000/-, at 10% per annum simple interest.

EASY
IMPORTANT

Calculate simple interest on the sum of Rs.1000/-, at 10% per annum for 3 years.

EASY
IMPORTANT

Anandita borrowed Rs.72,000 from Shivani and Shivam. Shivani charges 12% p.a. compound interest and Shivam charges  7% p.a. compound interest. Find the borrowed sum from Shivam.

EASY
IMPORTANT

A certain sum of money uncreated by 72.5%  at a certain rate in 3 years with interest being simple interest at the same rate of interest, in how many years would it become 4 times itself ?

EASY
IMPORTANT

An amount is divided between Anu and Bhanu is the ration 1:2. Anu purchased a car from his part, which depreciates 1427% p.a. and Bhanu deposited his amount in a bank which pays him 20% interest p.a. compounded annually. By what percentage will the total sum of money increase after two years due to investment pattern ?

EASY
IMPORTANT

Find the compound interest on $ 64,000 for 1 year @10% p.a. compounded quarterly (to the nearest integer)

EASY
IMPORTANT

Ridhvi borrowed Rs.8,000 at 5% p.a. compound interest and paid back in 3 equal current installments. What is the amount of each installment ?

EASY
IMPORTANT

Varun Dhawan has $90,000 with him. He purcehase a car, laptop and a Hat for $15,000$13,000 & $35,000 resp. and puts me remaining money in bank that pays compound interest @15% p.a. After 2 years he sells of the three items at 80% of their original price and also withdraws his entire money. How the bank by closing me account. What is the total change is his asset ?

EASY
IMPORTANT

Sonika invested an amount of Rs. 5800 for 2 years. At what rate of compound interest will she get an amount of Rs.594.5 at the end of two years?