Quizsummary
0 of 15 questions completed
Questions:
 1
 2
 3
 4
 5
 6
 7
 8
 9
 10
 11
 12
 13
 14
 15
Information
Introduction: Simple and Compound Interest
Formula: Simple Interest = P×i×n
Where P = Principal Amount
i = rate of interest
n = number of years
Formula: Compound Interest = P {(1 + i)n – 1}
Where, P = Principal
n = number of years
i = rate of interest per period
Key Differences Between Simple Interest and Compound Interest
The following are the major differences between simple interest and compound interest:
The interest charged on the principal for the entire loan term is known as Simple Interest. The interest computed on both principal and the previously earned interest is known as Compound Interest.
Compound Interest gives a high return as compared to Simple Interest.
In Simple Interest, the principal remains constant while in the case of Compound Interest the Principal changes due to the effect of compounding.
The growth rate of Simple Interest is lower than the Compound Interest.
Calculation of simple interest is easy while the calculation of compound interest is complex.
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 15 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Categories
 Not categorized 0%
 1
 2
 3
 4
 5
 6
 7
 8
 9
 10
 11
 12
 13
 14
 15
 Answered
 Review

Question 1 of 15
1. Question
A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest?
Correct
Incorrect

Question 2 of 15
2. Question
A lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is:
Correct
Incorrect

Question 3 of 15
3. Question
The rate at which a sum becomes four times of itself in 15 years at S.I will be:
Correct
Incorrect

Question 4 of 15
4. Question
Sum of Rs.8000 lended for 20% per annum at compound interest then the sum of the amount will be Rs.13824 in:
Correct
Incorrect

Question 5 of 15
5. Question
The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:
Correct
Incorrect

Question 6 of 15
6. Question
At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?
Correct
Incorrect

Question 7 of 15
7. Question
The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:
Correct
Incorrect

Question 8 of 15
8. Question
A man invests an amount of Rs. 15860 in the names of his three sons A, B and C in such a way that they get the same amount after 2,3 and 4 years respectively. If the rate of simple interest is 5% the ratio of amount s invested among, A, B and C will be:
Correct
Incorrect

Question 9 of 15
9. Question
Rakesh took a loan for 6 years at the rate of 5% p.a. S.I. if the total interest paid was Rs. 1230. the principal was:
Correct
Incorrect

Question 10 of 15
10. Question
Find the present worth of Rs. 78000 due in 4 years at 5% interest per year.
Correct
Incorrect

Question 11 of 15
11. Question
Find the compound interest on Rs. 3000 at 5% for 2 years, compounded annually.
Correct
Incorrect

Question 12 of 15
12. Question
There is 80% increase in an amount in 8 years at simple interest. What will be the compound interest of Rs. 14,000 after 3 years at the same rate?
Correct
Incorrect

Question 13 of 15
13. Question
A sum of money invested at simple interest triples itself in 8 years. How many times will it become in 20 years time?
Correct
Incorrect

Question 14 of 15
14. Question
If the rate increases by 2%, the simple interest received on a sum of money increases by Rs. 108. If the time period is increased by 2 years, the simple interest on the same sum increases by Rs. 180.The sum is :
Correct
Incorrect

Question 15 of 15
15. Question
At what rate percent per annum will a sum of money double in 8 years.
Correct
Incorrect