Simple Interest - Comprehensive Mock Test 1

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Question 1 Hard

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 9% per annum is Rs 405. The sum is _________

Question 2 Medium

The compound interest on a certain sum of money for 2 years at 5% is Rs. 984, then the sum is?

Question 3 Medium

A sum fetched a total simple interest of Rs.5,400 at the rate of 12.5 %/yr in 4 years. What is the sum (in Rs)?

Question 4 Hard

For an amount, simple interest at the rate of interest of 12% per annum for 6 years is Rs 25920. What will be the compound interest (in Rs) on same amount at the rate of interest of 8% per annum compounding annually for 2 years?

Question 5 Hard

The owner of a cell phones shop charges his customer 23% more than the cost price. If a customer paid Rs 7011 for a cell phone, then what was the cost price of the cell phone ?

Question 6 Medium

What would be the simple interest obtained on an amount of Rs 8930 at the rate of 8% per annum after 5 yr ?

Question 7 Medium

What would be the compound interest obtained on an amount Rs. 4000 at the rate of 5% per annum after 3 yr ?

Question 8 Hard

A sum of Rs. 468. 75 was lent out at simple interest and at the end of 1 year 8 months the total amount was Rs. 500. Find the rate of interest per annum. ?

Question 9 Medium

Find the rate at Simple interest, at which a sum becomes four times of itself in 15 years.?

Question 10 Hard

Sachin borrows Rs. 5000 for 2 years at 4% Per Annum simple interest. He immediately lends money to Rahul at 25/4% Per Annum for 2 years. Find the gain of one year by Sachin.?

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Simple Interest - Comprehensive Mock Test 1

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The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 9% per annum is Rs 405. The sum is _________

Solution Breakdown:

The compound interest on a certain sum of money for 2 years at 5% is Rs. 984, then the sum is?

Solution Breakdown:

A sum fetched a total simple interest of Rs.5,400 at the rate of 12.5 %/yr in 4 years. What is the sum (in Rs)?

Solution Breakdown:

For an amount, simple interest at the rate of interest of 12% per annum for 6 years is Rs 25920. What will be the compound interest (in Rs) on same amount at the rate of interest of 8% per annum compounding annually for 2 years?

Solution Breakdown:

The owner of a cell phones shop charges his customer 23% more than the cost price. If a customer paid Rs 7011 for a cell phone, then what was the cost price of the cell phone ?

Solution Breakdown:

What would be the simple interest obtained on an amount of Rs 8930 at the rate of 8% per annum after 5 yr ?

Solution Breakdown:

What would be the compound interest obtained on an amount Rs. 4000 at the rate of 5% per annum after 3 yr ?

Solution Breakdown:

A sum of Rs. 468. 75 was lent out at simple interest and at the end of 1 year 8 months the total amount was Rs. 500. Find the rate of interest per annum. ?

Solution Breakdown:

Find the rate at Simple interest, at which a sum becomes four times of itself in 15 years.?

Solution Breakdown:

Sachin borrows Rs. 5000 for 2 years at 4% Per Annum simple interest. He immediately lends money to Rahul at 25/4% Per Annum for 2 years. Find the gain of one year by Sachin.?

Solution Breakdown:

Community Discussion