Simple Interest - Compound Interest - Topic Wise Multiple Choice Questions (MCQ)
Online Topic Wise Simple Interest and Compound Interest MCQ for competitive exam Practice Multiple Choice Questions for IBPS SSC Online Test Private Job Interview
Out of a sum of Rs 850, a part was lent at 6% SI and the other at 12% SI. If the interest on the first part after 2 years is equal to the interest on the second part after 4 years, then the second sum is
A sum of Rs. 550 was taken as a loan. This is to be paid back in two equal installments. If the rate of interest be 20% compounded annually, then the value of each installment is :
A certain sum of money amounts to Rs.1300 in 2 years and to Rs. 1525 in 3.5 years. Find the sum and the rate of interest.
The simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:
A Woman took a loan of Rs. 15,000 to purchase a mobile. She promised to make the payment after three years. The company charges CI at 20% per annum for the same. But, suddenly the company announces the rate of interest as 25% per annum for the last one year of the loan period. What extra amount she has to pay due to the announcement of new rate of interest?