Simple and Compound Interest — Practice

Question 1

The simple interest on ₹5000 at 8% per annum for 3 years is

Accepted Answer

B

Question 2

A sum of money doubles itself in 8 years at simple interest. The annual rate of interest is

Accepted Answer

C

Question 3

The compound interest on ₹10,000 at 10% per annum for 2 years is

Accepted Answer

B

Question 4

At what rate of simple interest will ₹4500 amount to ₹5580 in 3 years?

Accepted Answer

C

Question 5

The difference between compound and simple interest on ₹8000 at 5% per annum for 2 years is

Accepted Answer

B

Question 6

The compound interest on ₹8000 at 10% per annum for 1 year, compounded half-yearly, is

Accepted Answer

C

Question 7

The population of a town is 8000 and grows at 5% per annum. Its population after 2 years will be

Accepted Answer

B

Question 8

The difference between CI and SI on ₹10,000 at 10% per annum for 3 years is

Accepted Answer

B

Question 9

A sum of money doubles itself in 4 years at compound interest. In how many years will it become 16 times itself?

Accepted Answer

C

Question 10

The simple interest on a sum is 1/9 of the principal, and the number of years equals the rate per cent per annum. The rate per annum is

Accepted Answer

B

Practice — Simple and Compound Interest