Cluster · Simple and Compound Interest Calculations

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Clusters / #1185
tight score 0.64

Simple and Compound Interest Problems
Questions
1,283
Questions in this cluster
1,281 total
Question Category Subtype Difficulty

Ms. Kavitha borrowed Rs.950 at 6% per annum simple interest. What amount will she pay to clear her debt after 4 years?

pipeline-33026
quant simple_interest intermediate

₹15,000 is lent for one year at the rate of 20% per annum, the interest being compounded annually. If the compounding of the interest is done half - yearly, then how much more interest will be obtained at the end of the one-year period on the same initial sum?

pipeline-357102
quant intermediate

The simple interest at y% for 'y' years will be Rs. y on a sum. Find the principal amount.

pipeline-29990
quant simple_interest intermediate

A man purchased a cycle for Rs. 3,000/- and agreed to pay 12% on the amount as interest. He repaid principal and interest in 12 equal monthly installments. Find the amount of each installment.

pipeline-33703
quant intermediate

A sum of ₹2,400 gives a simple interest of ₹504 in 3 years. Find the rate of interest per annum.

pipeline-360988
quant simple_interest intermediate

Jonathan had borrowed a sum of money 3 years ago at 10% interest per annum compounded annually for a 5-year period, with the amount to be paid at the end of the period being ₹1,61,051. However, there is no pre-payment penalty and Jonathan has received some bonus payment now, with which he has decided to clear his debt. How much does Jonathan have to pay now to clear his debt?

pipeline-568089
quant intermediate

A certain sum of money amounts to Rs. 1008 in 2 years and to Rs.1164 in 3 ½ years. Find the sum and rate of interest.

pipeline-363254
quant intermediate

A sum of ₹1,00,000 was taken from a bank at the rate of 7% p.a to be compounded annually for 5 years. Calculate the compound interest. (Closest to a ₹)

pipeline-569415
quant compound_interest intermediate

If an amount of ₹80 becomes ₹96 in 2 years in a bank account which gives simple annual interest, then an amount of ₹62,000 will become ________ in the same account after 5 years.

pipeline-569399
quant intermediate

What is the rate of compound interest, if the interest on ₹ 10,000 for 2 years is ₹ 609, when interest is compounded annually?

pipeline-366544
quant compound_interest intermediate

Rajesh invested ₹10,000 by dividing it into two different investment schemes, A and B, at simple interest rates of 8% and 10%, respectively. If the total interest earned in 2 years is ₹1,680, the amount invested in scheme A is:

pipeline-568083
quant simple_interest intermediate

A sum of money, when invested at the rate of 15% per annum at simple interest, amounts to ₹ 26,000 in 2 years. What is the simple interest that accrued during these 2 years?

pipeline-370446
quant simple_interest intermediate

A sum of Rs. 11500 amounts to Rs.12880 in 2 years at the rate of simple interest. What is the rate of interest?

pipeline-589265
quant simple_interest intermediate

On a certain principal, the compound interest, compounded annually, for the second year at 20% per annum is Rs.1,300. The principal is (consider the nearest integral value):

pipeline-487433
quant compound_interest intermediate

A sum of ₹2,400 is invested for 4 years at R% p.a, simple interest and the simple interest received is ₹1,152. Find the amount received after 3 years when the same sum is invested at (R + 8) % p.a, simple interest.

pipeline-360799
quant simple_interest intermediate

A sum, when invested for 2 years at the rate of 10% per annum at simple interest, amounts to ₹4,800 on maturity. What is the sum invested?

pipeline-363272
quant simple_interest intermediate

A sum of money was invested at 10% interest per year, compounded half-yearly, for 18 months. If the amount payable on maturity was ₹64,827, what was the sum invested?  

pipeline-573446
quant intermediate

Anandi bought a smart watch from an electronic store for Rs. 4,400. Since she had less money, she paid Rs. 2,000 for down payment, and the shopkeeper offered her an alternative to paying Rs. 2,440 after 1 month. Find the rate of interest being charged at simple interest by the shopkeeper in this installment option?

pipeline-574279
quant simple_interest intermediate

A sum invested at a certain rate of interest per annum, compounded annually, amounts to ₹14,400 in 2 years and to ₹25,920 in 4 years. What is the sum invested?

pipeline-364555
quant intermediate

The sum of the simple interest and the compound interest on ₹ 5,600 at the same rate of interest per annum for two years is ₹ 2,061.36, when in the case of compound interest, it is compounded annually. What is the rate of interest per annum?

pipeline-366554
quant simple_interest intermediate

₹12,000 becomes ₹15,972 in a certain period at 10% per annum on compound interest, compounding annually. Find the period.

pipeline-487177
quant compound_interest intermediate

A sum of ₹7,000 deposited at compound interest becomes triple of itself after 4 years. How much will the amount be after 12 years?

pipeline-370268
quant compound_interest intermediate

At what time will ₹13,000 be lent at 4 percent per annum on simple interest amounting to 16,770?

pipeline-359965
quant simple_interest intermediate

Ramya lent a certain sum of money at 4% simple interest to Seema and in 8 years the interest amounted to ₹3,400 less than the sum lent. Find the sum lent by Ramya to Seema.

pipeline-360722
quant simple_interest intermediate

A person invests ₹55,000 for two years on compound interest such that the rate of interest for the first year is 8% per annum and that for the second year is 12% per annum, and the interest is compounded annually. What is the total interest earned by the person?

pipeline-370453
quant compound_interest intermediate

The compound interest earned by Sunil on a certain sum at the end of two years at the rate of 16% p.a., when interest is compounded annually, was ₹864. What was the sum invested by Sunil?

pipeline-360999
quant compound_interest intermediate

A sum of money amounts to 5 times of itself in 20 years, when invested at a certain rate of simple interest per annum. What is the rate of simple interest per annum that is on offer?

pipeline-370275
quant simple_interest intermediate

Ridhaan took a loan of ₹12,000 at the rate of 8% simple interest per annum. What amount will he have to pay after 6 months, if he decides to repay the entire loan amount with interest at that time?

pipeline-370671
quant simple_interest intermediate

A sum on compound interest, compounding annually amounts to Rs.30,250 in 2 years and to Rs.33,275 in 3 years. Find the sum.

pipeline-487463
quant compound_interest intermediate

Ramesh borrowed some money at rate of 5% per annum for the first four years, 8% per annum for the next six years, and 12% per annum for the period beyond ten years. If the total interest paid by him at the end of twelve years is ₹9,016, then find the money borrowed by Ramesh.

pipeline-581513
quant intermediate

What is the compound interest on Rs. 62,500 for 2 years at 8% per annum compounded yearly?

pipeline-578795
quant compound_interest intermediate

If interest is compounded half-yearly, then find the compound interest on ₹8,000 at 20% p.a. for 1 year.

pipeline-579024
quant compound_interest intermediate

How much simple interest will ₹6,000 earn in 21 months at 8% per annum?

pipeline-558714
quant simple_interest intermediate

A sum amounts to ₹7,656 in 4 years and to ₹8,120 in 5 years at a certain simple interest rate percent per annum. The rate of interest is:

pipeline-577392
quant percentage intermediate

What is the compound interest on a sum of ₹25,000 after three years at a rate of 12 percent per annum interest compounded yearly?

pipeline-581499
quant compound_interest intermediate

A computer is available for Rs 39,000 on cash payment or Rs 19,000 as cash payment followed by five monthly instalments of Rs 4200 each. What is the rate of interest per annum under the instalment plan?

pipeline-568361
quant intermediate

How long {in years} will a sum of money invested at 6% per annum simple interest to increase its value by 40%?

pipeline-571045
quant simple_interest intermediate

At simple interest a sum of ₹6,400 becomes ₹8,320 in 3 years. What will ₹7,200 become in 5 years at the same rate?

pipeline-565638
quant simple_interest intermediate

Archana took a loan of ₹78,000 from a bank on 24th January 2012 at \(8\frac{3}{4}\)% per annum simple interest and paid it back on 18th June 2012. Find the total amount paid by Archana. (Approximated to nearest integer)

pipeline-562347
quant simple_interest intermediate

A certain amount of money was lent for a period of 1 year 9 months at a rate of 10% per annum compounded annually. If the compound interest is 1,460, find the amount of money lent.

pipeline-571059
quant compound_interest intermediate

In how many years will ₹ 40000 amount to ₹ 46656 at the rate of 8% compound interest per annum?

pipeline-574662
quant compound_interest intermediate

A sum of money amounts to ₹1,200 in 2 years and becomes ₹1,260 in 3 years at compound interest, when interest is compounded annually. What is the rate of compound interest per annum?

pipeline-574678
quant compound_interest intermediate

Aman deposited ₹ 10,000 at simple interest in a fund. The interest rate on the fund increases by 4% every year. If the interest rate at the time of the amount deposit was 8%. What is the interest eared (in ₹) by him after 5 years?

pipeline-575397
quant simple_interest intermediate

What annual installment (in ₹) will discharge a debt of ₹9,429 due in three years at 12.25% simple interest per annum? [Note: Instalments will be paid at the end of Year 1, Year 2 and Year 3.]

pipeline-577380
quant simple_interest intermediate

Find the amount (integral value only) if a sum of ₹6,500 is being borrowed at 10% interest per annum for 2 years if interest is compounded half-yearly.

pipeline-577440
quant intermediate
Kanchan lent ₹10,000 for 2 years and ₹5,000 for 4 years at the same rate of simple interest. If the total interest received by Kanchan is ₹2,000, then what was the rate of interest?
pipeline-574727
quant simple_interest intermediate

A person invests ₹ 9,840 at 5% per annum simple interest to obtain a total amount of ₹ 12,300. For how many years did he invest the sum?

pipeline-556027
quant simple_interest intermediate

A sum of ₹30,000 becomes ₹38,400 after being invested at a simple interest of 8% per annum in how many years?

pipeline-558823
quant simple_interest intermediate

A person borrowed some money on simple interest. After 4 years, he returned (9/5) of the money to the lender. What was the rate of interest?

pipeline-564140
quant simple_interest intermediate

Find the compound interest on Rs 50,000 for one year at 8% per annum when compounded half yearly.

pipeline-568715
quant compound_interest intermediate
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