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- 'Simple and Compound Interests' important in which Competitive Exams ?
- Bank Competitive Exam

UPSC Competitive Exams

SSC Competitive Exams

Defense Competitive Exams

LIC or GIC Exams

University Grants Commission or UGC

Common Aptitude Test or CAT

Career Aptitude Test

Railway Competitive Exam

MAT, GMAT, IBPS Exam, CSAT, CLAT

Simple and Compound Interests aptitude questions are also important in state(Himachal Pradesh) competitive exams of HPPSC, HPSSSB, HPBoSE and many more exams of Banking as well as entrance exams etc.

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**Formulas For Topic 'Simple and Compound Interests'**

**Simple Interest**

**Principle Amount (P): The amount or sum is money that is lent out or borrowed.****Interest : Extra Money on the amount of borrowed or lent out money.****Simple Interest :Interest on a sum of borrowed or lent out money called as Simple interest.**

**Simple Interest = (P x R x T/ 100 ).**

**1. P = (100 x S.I/R x T) 2. R = (100 x S.I / P x T)**

**3. T = (100 x S.I / P x R)**

**Where P = Principle amount**

**R = Rate**

**T = Time**

**S. I = Simple Interest**

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**Questions On Topic 'Simple and Compound Interests '**

**Questions On Topic 'Simple and Compound Interests '**

Q. 1. Simple Interest = 4016.25 Rate =9% yearly Time = 5 years. Find Principle amount ?

A. Rs. 8925 (Ans)

B. Rs. 4432

C. Rs. 8920

D. None of these

**Q. 2. The C.P(Compound Interest) on 30,000 @7% per annum is Rupees 4,347 . The period in (years)**

A. 4

B. 3

C. 2 (Ans)

D. 1

**Q. 3. The sum of money at S.I amounts to Rs. 815 in 3 years and Rs. 854 in 4 years. The sum is**

A. Rs. 692

B. Rs. 645

C. Rs. 956

D. Rs. 698 (Ans)

**Q. 4.**

**Raghav took loan from Bandhan Bank @12% per annual of S.I. After three years he had to pay 5400 Rupees only for a period. What Principle amount Raghav borrowed from Bandhan Bank ?**

A. Rs. 10,000

B. Rs. 12,000

C. Rs. 15,000 (Ans)

D. None of these

**Q. 5. Shivam borrowed Rs.5000 for two years from Walia and Rs.3000 for 4 years on S.I to Garima @ of interest and received Rs. 2200 in all from both of them as interest.Find rate of interest per annum**

A. 8%

B. 10% (Ans)

C. 7.5%

D. 9.8%

**Q. 6. What will be the rate of interest if sum of Rupees 12,500 amounts to Rs. 15,500 in four years @ of S.I.**

A. 6% (Ans)

B. 5%

C. 2%

D. 4%

**Q. 7. Narendra borrows 5,000 Rupees for two years @4% p.a S.I. Narendra lends it to Ritik at 25/4 p.a for two years. Find gain in the transaction per year**

A. Rs. 110

B. Rs. 112.50 (Ans)

C. Rs. 100.80

D. Rs. 109.77

**Q. 8. What will be the ratio of S.I earned by certain amount at the same rate of interest for SIX years and that for NINE years?**

A. 1:3

B. 4:3

C. 1:4

D. 2:3 (Ans)

**Q. 9. Amit took loan of Rupees 1200 with S.I for as many years as the rate of interest. If he paid 432 Rupees as interest at the end of the loan period, What was rate of interest ?**

A. 3

B. 4

C. 6 (Ans)

D. 5

**Q. 10. Find C.I (Compound Interest) on a sum of 25,000 Rupees after 3 years @12 % p.a**

A. Rs. 10123.20 (Ans)

B. Rs. 9878

C. Rs. 10083

D. Rs. 9102

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**Q. 11. At what rate of C.I per annum will a sum of Rupees 1200 become Rupees 1348.32 in two years?**

A. 7%

B. 6.5%

C. 6% (Ans)

D. 7.5%

**Q. 12. Difference between C.I and S.I on 1200 Rupees for 1 year @ 10% p.a reckoned 1/2 yearly**

A. Rs. 6

B. Rs. 3.5

C. Rs. 4

D. Rs. 3 (Ans)

**Q. 13. Find difference between the C.I on Rupees 5000 for one years @ 4 percent per annum compounded yearly and 1/2 yearly?**

A. Rs. 2.10

B. Rs. 2.04 (Ans)

C. Rs. 3.00

D. None of these