Simple and Compound Interest
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
Refer to the information given below and answer the following question.
Lala Ramdayal Upadhyay deposited a certain sum of money in the Bank of Cozyland in the beginning of the year on S.I. @ % p.a. After one year, he withdrew half of the new amount. At the end of , he again withdrew half of the new amount. After one year, he withdrew half the new amount. The remaining money was kept in the bank and he finally withdrew the entire sum of Rs. at the end of and closed the account.
Had Lala Ramdayal not disturbed his money for the entire period of deposit, then at the end of , he would have received (approx.)

Number of girls taking admission in an engineering college increases by for . In the third year admission by girls decreased by . If the number of girls initially was , 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?

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

A man takes a loan of from a bank, to return in years at a rate of interest. The person returns and when primary and second year come. What proportion of cash does he get to come in the third year to settle the loan

A B and C invested their respective savings in a scheme, which offered compound interest at p.a. for two years and received a total interest of . If A and C invested double of their respective savings in another scheme, which offered simple interest at p.a. for two years and received the total interest of , then find the difference between savings of A and C together and the savings of B.

The simple interest accrued in years on a principal of at the rate of R is of the principal, then which of the following is true?

Mohan invested a sum of the amount at the rate of SI per annum for two years and received a total amount of . He invested the same amount at the rate per annum at CI for two years and he received interest more as compared to the Simple Interest, then find the value of (approximately.)

A man invested an amount of in a scheme offering compound interest at the rate of for the first year, for the second year, and for the remaining time. Find the C.I. offered to him at the end of years and months?

Direction: Solve the question
If a person invested at S.I for and the same amount at CI for and the difference between both interests is then find

Direction: Solve the question:
If A invested at some rate of interest of Simple interest and B joined him after months and investing at the same rate of interest. If A leaves before months of completion, then what will be the share of B’s profit after if the total profit is

A man invested in scheme A at simple interest and in scheme B at compound interest. The amount received after two years from scheme B is more than that from scheme A. Find the principal invested in scheme B.

Ashutosh lends two equal sums, one at the rate of per annum for five years and the other at the rate of per annum for six years, both at simple interest. If the difference between the interests accrued in the two cases is , find the sum.

Quantity I: A man invested for years in a scheme offering R p.a. at SI and received as interest after years. If the man invested at p.a. at SI for years, then find interest received by the man (in .).
Quantity II: A man invested at p.a. at CI for years and interest received by him after years is . Find X (in ).

Aman invests a certain sum- for two years in scheme A offering compound interest at p.a. (compounded annually). He also invests in scheme B for three years offering simple interest at p.a. The interest he received from scheme A was twice the interest he received from scheme B. What is the sum of money that Aman had invested in scheme B?

Find the rate at , at which sum becomes three times of itself in years ?

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

Dan invested a certain sum in scheme , which offers simple interest at the rate of p.a. for years. He also invested in scheme , which offers compound interest (compounded annually) at p.a. for years. If the interest earned from scheme is of the interest earned from scheme . What is the sum invested in scheme ?

A sum of Rs. was invested in two different Savings Schemes. Scheme A offered Simple Interest at the rate of p.a. while Scheme B offered Compound Interest at the rate of p.a., with semi-annual compounding. The amount received after two years from Scheme A was eight times the amount received from Scheme B. What were the approximate amounts invested in Scheme A and Scheme B respectively?

There is increase in an amount in years at simple interest. What will be the compound interest of Rs. after years at the same rate?

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?
