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

The position of how many digits in the number '763162489', will remain unchanged after the digits are rearranged in descending order within the number from the right?

EASY
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6000, when invested at a certain rate at SI for 2 years, it fetches 1200. If the same sum is invested at the same rate for a year compounded half–yearly, then find compound interest

HARD
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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
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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 :

EASY
IMPORTANT

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

EASY
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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
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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?

EASY
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How much will be the compound interest to be paid on a principle amount of Rs. 85,000 after 3 years at the rate of 6 p.c.p.a.?

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Mr. Khanna took a loan of Rs. 10,000 on simple interest for two years at the rate 3 p.c.p.a.. The total amount that he will be paying as interest in 2 years is 3% of his monthly salary. What is his monthly salary?

EASY
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There is 50% increase in an amount in 5 years at simple interest. What will be the compound interest of Rs. 10,000 after 2 years at the same rate?

MEDIUM
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If the difference between the compound interest and simple interest on some principal at 10% for 2 years is Rs. 34, then find out the principal. 
 

MEDIUM
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A bank offers 10% compound interest calculated on half-yearly basis. A customer deposits Rs. 10,000 each on 1st January and 1st July of a year. At the end of the year, the total interest he would have received is:

MEDIUM
IMPORTANT

An equal sum is invested for six years in Scheme P offering simple interest at r% p.a. and in Scheme Q for two years offering compound interest at 10% p.a. (compounded annually). The interest earned from Scheme P is double the interest earned from Scheme Q. Had the rate of interest been (r + 3)% simple interest p.a. in Scheme P, the difference in the interests earned from both the schemes would have been Rs. 5,460, what was the sum invested in each of the schemes?

HARD
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The difference between the simple interest and the compound interest on a certain sum of money for three years at 5% per annum is Rs. 114.375. The sum is:

MEDIUM
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The difference between the amount of compound interest and simple interest accrued on an amount of 26,000 at the end of 3 years is 2994.134. What is the rate of interest in pcpa?

EASY
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The compound interest on a sum of money at 30% per annum for 2 years is 259 times the simple interest accrued on a sum of Rs. 4500 at 15%for 2 years. What is the sum of money?

HARD
IMPORTANT

If the compound interest on a certain sum of money at the rate of 5% per annum for 3 years is Rs. 630.50, then what will be the simple interest for 18 months on the same amount of money at the same rate of interest?

MEDIUM
IMPORTANT

Ravi borrowed some money at the rate of 4% per annum for the first three years, at the rate of 8% per annum for the next two years and at the rate of 9% per annum for the period beyond 5 years. If he pays a total simple interest of 19,550 at the end of 7 years, how much money did he borrow?

EASY
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Ram had Rs. 2 lakh, part of which he lent at 15% per annum and rest at 12% per annum. Yearly interest accured was Rs. 27600. How much did he lent at 15%?

EASY
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Mohan lal left a sum of Rs. 750000 for his children Abhinav and Mukund who are 15 years and 16 years at present. If the amounts are lent out at 7% compound interest and they got equal amounts at their 18th age then what is the present worth of the amount due to Abhinav?