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

MEDIUM
IMPORTANT

Find the compound interest on  6250 at 12% per annum for 1 year compounded quarterly is -

EASY
IMPORTANT

Sanjay purchased a refrigerator on the terms that he is required to pay Rs.1500 cach down payment followed by Rs. 1020 at the end of first year, Rs. 1003 at the end of second year and Rs. 990 at the end of third year. Interest is charged at the rate of 10% per annum compound interest. What is the cash price of the refrigerator ?

MEDIUM
IMPORTANT

In what time will 500 give 50 as interest at the rate of 5% per annum simple interest?

MEDIUM
IMPORTANT

If the difference of compound interest and simple interest for 3 years at the rate of 5% per annum is 11.40 rupees, then the principal amount is _____?

MEDIUM
IMPORTANT

At what rate of simple interest will 4800 amount to 6480 in a span of 7 years?

MEDIUM
IMPORTANT

The rate of depreciation of a car is 10% per annum. Its present worth is81000. What was its worth 2 years ago?

MEDIUM
IMPORTANT

What will be the difference between simple interest and compound interest at 4% per annum on a sum of 5000 after 3 years?

MEDIUM
IMPORTANT

In what time will 1,000 amount to 1,331 at 20% per annum, compounded half -yearly?

EASY
IMPORTANT

The simple interest accrued on an amount of  22,500 at the end of four years is  10800. What would be the compound interest accrued on the same amount at the same rate at the end of two years?

EASY
IMPORTANT

A money lender finds that due to a fall in the annual rate of interest from 8% to 314%, his yearly income diminishes by  61.50. His capital is _____

EASY
IMPORTANT

The difference between compound interest and simple interest on a sum of money for 3 years at 5% per annum is Rs. 61. Find the sum.

MEDIUM
IMPORTANT

A sum of money becomes 9 times in 40 years. Find the rate of simple interest?

MEDIUM
IMPORTANT

Find the difference between compound interest and simple interest on 2500 for 2 years at 4% per annum.

EASY
IMPORTANT

In how many years Rs. 1000 will produce the same interest at the rate of 6% as Rs. 1200 produce in 5 years @ $$5\frac { 1 }{ 2 } $$ %?

EASY
IMPORTANT

A sum at simple interest of 6146\frac { 1 }{ 4 } % per annum amounts to ₹ 25,000 after 4 years. Find the sum ?

MEDIUM
IMPORTANT

Find the difference between compound and Simple interest for principal 10,000 at the rate of 3% per annum for 3 years?

MEDIUM
IMPORTANT

The compound interest on a certain sum for 2 years is 105 and simple interest is100. The rate of interest per annum and the sum are:

EASY
IMPORTANT

What is the present worth of  132 due in 2 years at 5% simple interest per annum?

HARD
IMPORTANT

The difference between compound interest and simple interest on 2500 for 2 years at 4% per annum is:

MEDIUM
IMPORTANT

A sum of 400 amounts to 441 in 2 years .What will be its amount, if the rate of interest is increased by 5%?