free Online Test Simple Interest Questions and Answers Quiz 1
Description: Free Online Test questions and answers on Simple Interest with explanation for various competitive exams,entrance test. Solved examples with detailed answer test 1
"Life is like riding a bicycle. To keep your balance you must keep moving."
- Albert Einstein
The simple interest accrued on a sum of certain principal is
Rs.2000 in five years at the rate of 4% per annum. What would
be the compound interest accrued on same principal at same
rate in two years ?
Arun invested a sum of money at a certain rate of simple
interest for a period of for a period of four years. Had he
invested the same sum for a period of six years the total
interest earned by him would have been fifty per cent more
than the earlier interest amount. What was the rate of interest
per cent per annum
The simple interest accrued on an amount of rs.27500 at the
end of three years is Rs.10230. What would be the approximate
compound interest accrued on the same amount at the same
rate in the same period ?
Vishwas borrowed a total amount of Rs.30000, part of it on
simple interest rate of 12% per annum and remaining on
simple interest rate of 10% per annum. If at the end of 2 yr he
paid in all Rs.36480 to settle the loan amount, what was the
amount borrowed at 12% pre annum ?