Chapter Mock 5: Simple Interest and Compound Interest Questions
Browse questions from Chapter Mock 5: Simple Interest and Compound Interest. Each question has options and an explanation.
Questions — Page 1 of 2
- The simple interest on Rs $15000$ at $8\%$ per annum for $3$ years is:
- The compound interest on Rs $20000$ at $10\%$ per annum for $2$ years is:
- A sum becomes Rs $13200$ in one year at simple interest of $10\%$. The principal is:
- If Rs $6000$ earns simple interest of Rs $1200$ in $4$ years, the annual rate is:
- For the same principal, rate, and time, compound interest is always at least as large as simple interest.
- A sum becomes four times itself in $20$ years at simple interest. The annual rate is:
- A sum doubles in $5$ years at simple interest. In how many years will it become $8$ times at the same rate?
- A total of Rs $7700$ is lent in two parts so that SI on one part at $20\%$ for $5$ years equals SI on the other part at $9\%$ for $6$ years. One part is:
- Raviraj invests Rs $10000$ at $10\%$ compound interest for $3$ years. The amount after $3$ years is:
- An amount of Rs $16000$ grows to Rs $17640$ in $2$ years at compound interest. The annual rate is: