Interest

IMPORTANT

Interest: Overview

This topic covers concepts, such as, Relation Between Simple and Compound Interests, Interest as Charge on Loan, Principal Amount of a Loan and Type of Interest Rates etc.

Important Questions on 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.)

MEDIUM
IMPORTANT

Rupees (x + 200) when invested at 15% p.a. for 8 years gives a simple interest of (x + 680). Find the amount received when (x +1000) is invested at 50% p.a. compound interest for two years,compounded annually?

MEDIUM
IMPORTANT

The simple interest received after 6 years on (x + 600) at the rate of 25% p.a. is (3x - 1800). The amount received on 2x when invested at 50% p.a. compound interest compounded annually for 2 years can be

MEDIUM
IMPORTANT

Ram invested 'x'' in a scheme offering 15% p.a. simple interest for three years while Shyam invested the same amount in another scheme offering 10% p.a. compound interest for three years, compounded annually. Find the value of 'x' if the difference between the interests earned by them after three years is 1428.

MEDIUM
IMPORTANT

Priya invested 16,000 in the scheme offering 12.5% pa compound interest for 2 years compounded annually. Riya invested 10,000 in a scheme offering 10% pa compound interest for 2 years compounded annually. Find the difference between the interests earned by Priya and Riya

MEDIUM
IMPORTANT

The simple interest earned on 14,400 in 5 years is 3,600 when invested at some rate of interest. What will be the compound interest earned on 14,000 when invested for 2 years at a rate double than in case of simple interest?

MEDIUM
IMPORTANT

The simple interest earned on 14,400 in 5 years is 3,600 when invested at some rate of interest. What will be the compound interest earned on 14,000 when invested for 2 years at a rate double than in case of simple interest?

MEDIUM
IMPORTANT

Rahul invested a certain amount in scheme A which offers simple interest and the amount becomes three-two of itself after 10 years. He also invested 12,000 in scheme B which offers compound interest, and got 1,996.8 after 2 years. What is the difference between the rate of interest in scheme A and B respectively?

EASY
IMPORTANT

A lends a sum of 48,000 partially to B and C at the rate of simple interest of 12% and 8% respectively. The difference between the interests received after 4 years is 640. Find the amount A lent to CA 

EASY
IMPORTANT

A sum of money becomes 10,560 in 8 years at 15% rate of simple interest. If the same sum is invested in a compound interest scheme at the rate of 10% per annum for 2 years, then what is the compound interest received by after 2 years?

EASY
IMPORTANT

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

MEDIUM
IMPORTANT

A sum of money becomes 1815 at 7% SI after 3 years. Same sum of money becomes 2235 at same interest after 7 years. Find the principal amount.

MEDIUM
IMPORTANT

A man invests 124000 for 9 years at 5% SI. Income tax at the rate of 19% is deducted from interest earned at the end of every year. Find the amount at the end of the 9th year?

EASY
IMPORTANT

What amount would Rs.2560 fetch if it is lent at 8% SI for 15 years?

MEDIUM
IMPORTANT

SBI lent Rs.10,000 to Deepak @7% SI for 10 years. Meanwhile, the government implemented a scheme due to which interest rate reduced by 2%. By this Deepak paid Rs.16,000 in total. Then after how many years after Deepak took the loan, the government introduced the scheme?

MEDIUM
IMPORTANT

Ajay lent Rs.8800 to be divided between his two sons aged 11 years and 13 years such that both of them would get an equal amount when lent at the rate of 10% SI when they attain 18 years of age. What is the share of elder in Rs.8800?

MEDIUM
IMPORTANT

Cost of a Mobile Rs.8000. Sudha bought Mobile in EMI. She paid a Down payment of Rs.2000 and paid rest in 6 equal installments of Rs.1020 for next 6 months. Then what is the SI rate charged?

EASY
IMPORTANT

If the annual rate of simple interest increases from 8% to 13%, a man’s yearly income increases by Rs.4800. His principal (in Rs.) is:

EASY
IMPORTANT

Kailash borrowed some money at the rate of 5% p.a. for the first three years, 8% p.a. for the next five years and 11% p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is Rs.8800, how much money did he borrow?

EASY
IMPORTANT

If simple interest on a certain sum of money for 6 years at 5% per annum is same as the simple interest on Rs.650 for 9 years at the rate of 12% per annum then the sum of money is