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

HARD
IMPORTANT

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 1990 on S.I. @ 10% p.a. After one year, he withdrew half of the new amount. At the end of 1991, 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. 18300 at the end of 1993 and closed the account.

Had Lala Ramdayal not disturbed his money for the entire period of deposit, then at the end of 1993, he would have received (approx.)

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 :

HARD
IMPORTANT

A man takes a loan of 200000 from a bank, to return in 3 years at a rate of 20% p.a. interest. The person returns 90000 and 40000 when primary and second year come. What proportion of cash does he get to come in the third year to settle the loan?

MEDIUM
IMPORTANT

A B and C invested their respective savings in a scheme, which offered compound interest at 20%p.a. for two years and received a total interest of  1694. If A and C invested double of their respective savings in another scheme, which offered simple interest at 10% p.a. for two years and received the total interest of  1100, then find the difference between savings of A and C together and the savings of B.

MEDIUM
IMPORTANT

The simple interest accrued in 3 years on a principal of  25,000 at the rate of R % is xth20 of the principal, then which of the following is true?

MEDIUM
IMPORTANT

Mohan invested a sum of the amount at the rate of 15% SI per annum for two years and received a total amount of 9984. He invested the same amount at the rate x% per annum at CI for two years and he received interest 6500 more as compared to the Simple Interest, then find the value of x% (approximately.)

MEDIUM
IMPORTANT

A man invested an amount of  12000 in a scheme offering compound interest at the rate of 10% for the first year, 12 1/ 2 for the second year, and 20% for the remaining time. Find the C.I. offered to him at the end of 2 years and 4 months?

MEDIUM
IMPORTANT

Direction: Solve the question
If a person invested 6000 at T% S.I for 3 years and the same amount at (T + 5)% CI for 2 years and the difference between both interests is 60 then find T?

MEDIUM
IMPORTANT

Direction: Solve the question:
If A invested 12000 at some rate of interest of Simple interest and B joined him after 3 months and investing 16000 at the same rate of interest. If A leaves before 2 months of completion, then what will be the share of B’s profit after 1 year if the total profit is 22000?

EASY
IMPORTANT

A man invested x in scheme A at 10% simple interest and (x+500) in scheme B at 10% compound interest. The amount received after two years from scheme B is 640 more than that from scheme A. Find the principal invested in scheme B.

MEDIUM
IMPORTANT

Ashutosh lends two equal sums, one at the rate of 13% per annum for five years and the other at the rate of 9% per annum for six years, both at simple interest. If the difference between the interests accrued in the two cases is  1320, find the sum.

MEDIUM
IMPORTANT

Quantity I: A man invested  5900 for 3 years in a scheme offering R% p.a. at SI and received  3186 as interest after 3 years. If the man invested  7900 at (R + 5)% p.a. at SI for 3 years, then find interest received by the man (in .).

Quantity II: A man invested  X at 13% p.a. at CI for 2 years and interest received by him after 2 years is  2325.96. Find X (in ).

EASY
IMPORTANT

Aman invests a certain sum- X for two years in scheme A offering compound interest at 20% p.a. (compounded annually). He also invests (X-1600) in scheme B for three years offering simple interest at 10% 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?

EASY
IMPORTANT

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

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 ?

MEDIUM
IMPORTANT

Dan invested a certain sum in scheme A, which offers simple interest at the rate of 8% p.a. for 4 years. He also invested 5,000 in scheme B, which offers compound interest (compounded annually) at 10% p.a. for 2 years. If the interest earned from scheme A is 4/5th of the interest earned from scheme B. What is the sum invested in scheme A?

MEDIUM
IMPORTANT

A sum of Rs. 9,000 was invested in two different Savings Schemes. Scheme A offered Simple Interest at the rate of 16% p.a. while Scheme B offered Compound Interest at the rate of 16% 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?

MEDIUM
IMPORTANT

There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 14,000 after 3 years at the same rate?

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?