Simple & Compound Interest — Practice

Question 1

What is the simple interest on ₹8,000 for 3 years at 5% per annum?

Accepted Answer

B

Question 2

What is the compound interest on ₹5,000 for 2 years at 10% per annum, compounded annually?

Accepted Answer

B

Question 3

At what rate of simple interest per annum will a sum double itself in 8 years?

Accepted Answer

C

Question 4

A sum of money earns ₹1,200 as simple interest in 3 years at 8% per annum. What is the sum?

Accepted Answer

C

Question 5

What is the compound interest on ₹8,000 for 2 years at 5% per annum, compounded annually?

Accepted Answer

B

Question 6

The difference between compound interest and simple interest on a certain sum for 2 years at 10% per annum is ₹100. What is the sum?

Accepted Answer

C

Question 7

A sum of ₹10,000 is invested at 10% per annum, compounded annually, for 3 years. What is the amount at the end of 3 years?

Accepted Answer

C

Question 8

A sum triples itself in 15 years at simple interest. What is the annual rate of interest?

Accepted Answer

B

Practice — Simple & Compound Interest