Simple & Compound Interest

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Q. A certain amount of money triples itself in 15 years at compound interest. What is the annual interest rate?
  • A. 5%
  • B. 6%
  • C. 7%
  • D. 8%
Q. A loan of $5000 is taken at a compound interest rate of 5% per annum. What will be the total amount to be paid after 3 years?
  • A. $5750
  • B. $6300
  • C. $6500
  • D. $7000
Q. A loan of $5000 is taken at a simple interest rate of 10% per annum. How much interest will be paid after 4 years? (2000)
  • A. $200
  • B. $400
  • C. $600
  • D. $800
Q. A person invests $2000 at a compound interest rate of 5% per annum. What will be the total amount after 3 years? (2000)
  • A. $2315.25
  • B. $2500
  • C. $2200
  • D. $2400
Q. A person invests $2000 at a compound interest rate of 8% per annum. What will be the total amount after 2 years? (2000)
  • A. $2320
  • B. $2400
  • C. $2500
  • D. $2600
Q. A sum of money invested at compound interest becomes $1500 in 2 years and $1800 in 3 years. What is the rate of interest?
  • A. 10%
  • B. 12%
  • C. 15%
  • D. 20%
Q. A sum of money invested at compound interest becomes $1600 in 2 years and $1764 in 3 years. What is the rate of interest?
  • A. 10%
  • B. 12%
  • C. 15%
  • D. 20%
Q. A sum of money invested at compound interest grows to $1500 in 2 years and to $1800 in 3 years. What is the rate of interest?
  • A. 10%
  • B. 15%
  • C. 20%
  • D. 25%
Q. A sum of money is invested at a certain rate of compound interest. If the amount becomes three times in 10 years, what is the rate of interest?
  • A. 10%
  • B. 15%
  • C. 20%
  • D. 25%
Q. A sum of money is invested at a compound interest rate of 12% per annum. How long will it take for the investment to double?
  • A. 5 years
  • B. 6 years
  • C. 7 years
  • D. 8 years
Q. If a loan of $5000 is taken at a simple interest rate of 6% per annum, how much interest will be paid after 4 years?
  • A. $1200
  • B. $1000
  • C. $800
  • D. $600
Q. If a sum of money doubles itself in 5 years at simple interest, what will be the rate of interest?
  • A. 10%
  • B. 12%
  • C. 15%
  • D. 20%
Q. If a sum of money doubles itself in 5 years at simple interest, what will be the rate of interest per annum?
  • A. 10%
  • B. 12%
  • C. 15%
  • D. 20%
Q. If a sum of money is invested at a compound interest rate of 12% per annum, how long will it take for the investment to double?
  • A. 5 years
  • B. 6 years
  • C. 7 years
  • D. 8 years
Q. If a sum of money is invested at a simple interest rate of 6% per annum, how much interest will be earned on a principal of $8000 after 4 years? (1920)
  • A. $1920
  • B. $2400
  • C. $3200
  • D. $4800
Q. If the difference between the compound interest and simple interest on a certain sum of money for 2 years at 10% per annum is $50, what is the principal? (2000)
  • A. $1000
  • B. $1200
  • C. $1500
  • D. $2000
Q. If the difference between the compound interest and simple interest on a certain sum of money for 2 years at 10% is $50, what is the principal? (2000)
  • A. $1000
  • B. $1200
  • C. $1500
  • D. $2000
Q. If the principal amount is $2000 and the total amount after 3 years at a certain rate of simple interest is $2400, what is the rate of interest? (2000)
  • A. 5%
  • B. 6.67%
  • C. 10%
  • D. 12%
Q. If the principal is $800 and the rate of interest is 4% per annum, what will be the total amount after 3 years at simple interest?
  • A. $840
  • B. $850
  • C. $860
  • D. $870
Q. If the principal is $800 and the rate of interest is 6% per annum, what will be the total amount after 4 years at simple interest?
  • A. $960
  • B. $1040
  • C. $800
  • D. $840
Q. If the simple interest on a certain sum for 3 years at 5% per annum is $150, what is the principal amount?
  • A. $1000
  • B. $1200
  • C. $1500
  • D. $1800
Q. In how many years will a sum of money triple itself at a compound interest rate of 10% per annum?
  • A. 10 years
  • B. 12 years
  • C. 15 years
  • D. 20 years
Q. What is the difference between the amounts obtained by investing $1000 at 8% per annum for 2 years in simple interest and compound interest?
  • A. $16
  • B. $24
  • C. $32
  • D. $40
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