Simple and Compound Interest Quiz

The amount (in Rs) received at 10% per annum compound interest after 3 yrs is Rs 1,19,790. What was the principal?

• 90000

• 1,00,000

• 80000

• 75000

What is the total earning after 2 years from ₹ 18,750 on variable compound interest if the rate of interest for the first 4 year is 4% and for the second, it is 8%?

• ₹ 1,740

• ₹ 1,760

• ₹ 1,670

• ₹ 2,310

In how many months will Rs 8,000 yield Rs 2,648 as compound interest at 20% per annum compounded semi-annually?

• 18

• 24

• 12

• 30

What is the rate of interest (in %) if simple interest earned on a certain sum for the 3rd year is Rs 2,000 and compound interest earned in 2 years is Rs 4,160?

• 8

• 10

• 12

• 6

On what sum of money. the interest for one year at 12% p.a. compounded half yearly is ₹ 1,545?

• ₹ 12,500

• ₹ 12,875

• ₹ 25,750

• ₹ 24,300

A sum of ₹800 invested on simple interest becomes ₹1200 in 8 years. What will be simple interest for 6 years on the sum at the same rate of interest?

• ₹240

• ₹210

• ₹250

• ₹300

A sum of ₹2000 is invested on simple interest for three years at the rate of 10% per annum,then the amount will be:

• ₹2900

• ₹2600

• ₹2300

• ₹2500

A sum of ₹ 4200 becomes ₹ 5082 in 3 years rate simple interest. What is the rate of interest per annum?

• 8%

• 9%

• 5%

• 7%

The difference between simple and compound interests compounded annually, on a certain sum of money for 2 years at 6% pa is ₹ 3.6. What is the sum?

• ₹800

• ₹750

• ₹1,000

• ₹1,250

The simple interest for the second year on a certain sum at a certain rate of interest is ₹ 1000. What is the sum of the interest accrued on it for the 6th and 7th years?

• ₹3200

• ₹3300

• ₹3000

• ₹3630