Simple & Compound Interest Daily Speed Test
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Simple & Compound Interest
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Question 1 of 20
1. Question
What sum of money must be given as simple interest for six
months at 4% per annum in order to earn 150 interest?Correct
Incorrect

Question 2 of 20
2. Question
A sum of 1600 gives a simple interest of 252 in 2 years and
3 months. The rate of interest per annum is:Correct
Incorrect

Question 3 of 20
3. Question
A sum of money lent at simple interest amounts to 880 in 2
years and to 920 in 3 years.The sum of money (in rupees) isCorrect
Incorrect

Question 4 of 20
4. Question
At some rate of simple interest, A lent 6,000 to B for 2 years
and 1,500 to C for 4 years and received 9,00 as interest
from both of them together. The rate of interest per annum wasCorrect
Incorrect

Question 5 of 20
5. Question
A lent 5000 to B for 2 years and 3000 to C for 4 years on
simple interest at the same rate of interest and received 2200
in all from both as interest. The rate of interest per annum isCorrect
Incorrect

Question 6 of 20
6. Question
What sum of money will amount to 520 in 5 years and to 568
in 7 years at simple interest?Correct
Incorrect

Question 7 of 20
7. Question
500 was invested at 12% per annum simple interest and a certain sum of money invested at 10% per
annum simple interest. If the sum of the interest on both the sum after 4 years is 480, the latter
sum of money is :Correct
Incorrect

Question 8 of 20
8. Question
A money lender finds that due to fall in the annual rate of interest
8% to 7 3/4%, his yearly income diminishes by 61.50. His capital isCorrect
Incorrect

Question 9 of 20
9. Question
A lends 2500 to B and a certain sum to C at the same time at 7% annual simple interest. If after 4
years, A altogether receives 1120 as interest from B and C, the sum lent to C isCorrect
Incorrect

Question 10 of 20
10. Question
A certain sum of money amounts to 756 in 2 years and to 873 in 3.5 years at a certain rate of
simple interest. The rate of interest per annum isCorrect
Incorrect

Question 11 of 20
11. Question
At what per cent per annum will 3000/ amounts to 3993/ in 3 years if the interest is compounded
annually?Correct
Incorrect

Question 12 of 20
12. Question
The compound interest on 10,000 in 2 years at 4% per annum, the interest being
compounded halfyearly, is :Correct
Incorrect

Question 13 of 20
13. Question
In how many years will 2,000 amounts to 2,420 at 10% per
annum compound interest?Correct
Incorrect

Question 14 of 20
14. Question
A sum of money on compound interest amounts to 10648 in 3
years and 9680 in 2 years. The rate of interest per annum is :Correct
Incorrect

Question 15 of 20
15. Question
The simple interest on a sum of money at 4% per annum for 2
years is 80. The compound interest in the same sum for the
same period isCorrect
Incorrect

Question 16 of 20
16. Question
The compound interest on a certain sum of money at 5% per annum for 2 years is 246.
The simple interest on the same sum for 3 years at 6% per annum isCorrect
Incorrect

Question 17 of 20
17. Question
The least number of years in which a sum of money on 19%
p.a. compound interest will be more than double isCorrect
Incorrect

Question 18 of 20
18. Question
There is 100% increase to an amount in 8 years, at simple interest. Find the
compound interest of 8000 after 2 years at the same rate of interest.Correct
Incorrect

Question 19 of 20
19. Question
The difference between the simple and compound interest on a certain sum of money at 5%
rate of interest per annum for 2 years is 15. Then the sum is :Correct
Incorrect

Question 20 of 20
20. Question
If the difference between the compound and simple interests on a certain sum of money for 3
years at 5% per annum is 15.25, then the sum isCorrect
Incorrect