AMDOCS Simple and Compound Interest Problems with Solutions Quiz-1

Question 1

Time: 00:00:00
A sum of Rs. 25000 becomes Rs. 27250 at the end of 3 years when calculated at simple interest. Find the rate of interest.

0.02

0.02

0.04

0.04

0.03

0.03

0.21

0.21

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Question 2

Time: 00:00:00
The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:

625

625

650

650

631

631

620

620

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Question 3

Time: 00:00:00
There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?

Rs. 2160

Rs. 2160

Rs. 3120

Rs. 3120

Rs. 3972

Rs. 3972

Rs. 6240

Rs. 6240

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Question 4

Time: 00:00:00
What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly and half-yearly?

Rs. 2.04

Rs. 2.04

Rs. 3.06

Rs. 3.06

Rs. 4.80

Rs. 4.80

Rs. 8.30

Rs. 8.30

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Question 5

Time: 00:00:00
The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:

2

2

2.5

2.5

3

3

4

4

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Question 6

Time: 00:00:00
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:

Rs. 1550

Rs. 1550

Rs. 1650

Rs. 1650

Rs. 1750

Rs. 1750

Rs. 2000

Rs. 2000

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Question 7

Time: 00:00:00
If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?

Rs. 51.25

Rs. 51.25

Rs. 52

Rs. 52

Rs. 54.25

Rs. 54.25

Rs. 60

Rs. 60

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Question 8

Time: 00:00:00
The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:

Rs. 2.50

Rs. 2.50

Rs. 3

Rs. 3

Rs. 3.75

Rs. 3.75

Rs. 4

Rs. 4

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Question 9

Time: 00:00:00
The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?

8

8

10

10

12

12

Cannot be determined

Cannot be determined

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Question 10

Time: 00:00:00
The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is:

Rs. 400

Rs. 400

Rs. 500

Rs. 500

Rs. 600

Rs. 600

Rs. 800

Rs. 800

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