Simple Interest and Compound Interest

Author:Nishit K Sinha
CAT
IMPORTANT

Important Questions on Simple Interest and Compound Interest

EASY
IMPORTANT

A scheme invests  1000 at simple interest rate of 5%on the condition that interest will be added to the principal after 10 yr. In how many years will it amount to ₹2000?

MEDIUM
IMPORTANT

What will be the amount if a sum of  10,000 is placed at CI for 3 yr while rate of interest for the first, second, and third years is 10 %, 5 %, and 2%, respectively?

EASY
IMPORTANT

If in a certain time period,  10,000 amount to 160,000 at CI. What is the amount in half at that time if principal is ₹ 10,000?

MEDIUM
IMPORTANT

A sum of ₹6600 was taken as a loan. This is to be repaid in two annual installments. The rate of interest is 20%, which compounded annually. Find the value of each installment.

EASY
IMPORTANT

A sum is invested for yr compounded at 5%, 10%, and 20% per annum, respectively. In 3yr, if the sum amounts to ₹ 1386 , then find the sum.

EASY
IMPORTANT

If a sum on CI becomes three times in 4yr, then with the same interest rate, the sum will become 81 times in:

MEDIUM
IMPORTANT

Anand borrows a certain sum from Manisha at a certain rate of SI for 2 yr. He lends this sum to Sunita at the same rate of interest but compounded annually for the same period, that is, 2yr. At the end of 2yr, he receives  2400 as compound interest, but paid  2000 as simple interest. What is the rate of interest?

EASY
IMPORTANT

The interests in the first two successive years were  400 and  420, respectively, when a sum of money is invested at CI. Find the sum.

EASY
IMPORTANT

I get an annual income of ₹ 688.25 from ₹10,000 invested partly at the rate 8% per annum and partly by 5% per annum at the SI. How much of my money is invested at the rate of 5%?

EASY
IMPORTANT

In 3yr, the difference between the simple and the compound interest on same principal amount at the rate of 20% is 48. Find the principal.

EASY
IMPORTANT

At the rate of 12%, the difference between SI and CI compounded annually on ₹ 5000 for 2 yr will be:

EASY
IMPORTANT

A man takes a loan of  10,000 and pays back 13,310 after 3 yr. What is the rate of CI?

EASY
IMPORTANT

The difference between the CI and SI on a certain sum of money for 2yr at 15% per annum is 45. Find the sum.

EASY
IMPORTANT

Asmita invests an amount of 9535 at the rate of SI 4% per annum. For how many years did she invest the amount to double her sum?

EASY
IMPORTANT

A money lender lent out  25,000 in two parts, one at 8% simple interest and the other at 8.5% simple interest. If the total annual income on the amount is  2031.25, then find the money lent at 8%.

EASY
IMPORTANT

The effective annual rate of interest corresponding to a CI rate of 8% per annum payable half yearly is:

EASY
IMPORTANT

Anand borrowed a certain sum of money for 2yr at 8% per annum on SI and immediately lent it to Ravish but at CI and gained 16. What amount did Anand borrow?

HARD
IMPORTANT

In the beginning of the year 2004 , a person invests some amount in a bank. In the beginning of 2007 , the accumulated interest is 10,000 and in the beginning of 2010 , the accumulated interest becomes 25,000  The interest rate is compounded annually and the annual interest rate is fixed. The principal amount is:

HARD
IMPORTANT

A man borrows Rs. 4000 from a bank at 7.5% per annum compound interest. At the end of every year, he pays Rs.1500 as a part payment of loan and interest. How much does he still owe to the bank after 3 such instalments?

MEDIUM
IMPORTANT

A sum of money becomes eight times in 3 years. If the rate is compounded annually, in how much time will the same amount at the same compound rate become sixteen times?