# Hiremee Simple and Compound Interest Questions with Answers

Question 1 Time: 00:00:00
A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest? 3%

3%

4%

4%

5%

5%

6%

6%

None of these

None of these

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 2 Time: 00:00:00
Mr. Hamilton invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B? Rs. 6400

Rs. 6400

Rs. 6500

Rs. 6500

Rs. 7200

Rs. 7200

Rs. 7500

Rs. 7500

None of these

None of these

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 3 Time: 00:00:00
A sum of money doubles itself in 10 years. A compound interest is charged on it at x% p.a. with the same rate p.a. it will four-fold itself in - 15 years

15 years

20 years

20 years

40 years

40 years

30 years

30 years

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 4 Time: 00:00:00
Rambo took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If he paid Rs. 432 as interest at the end of the loan period, what was the rate of interest? 3.6

3.6

6

6

18

18

None of These

None of These

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 5 Time: 00:00:00
Ram invests two sum of money A and B at 10% p.a. and 20% p.a respectively at CI for 2 years. IF the total interest on both the sum is Rs 5350 then find the sum invested in A if the total sum of A and B was Rs 20,000? Rs 5,000

Rs 5,000

Rs 10,000

Rs 10,000

Rs 12,000

Rs 12,000

Rs 15,000

Rs 15,000

None of these

None of these

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 6 Time: 00:00:00
A sum of Rs 343 becomes 512 in 3 years at C.I. Find the rate of interest. 14 (2/7) %

14 (2/7) %

12.5 %

12.5 %

8 (2/3) %

8 (2/3) %

16 (2/3) %

16 (2/3) %

None of these

None of these

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 7 Time: 00:00:00
If the ratio of difference between CI and SI for 3 years and 2 years is 31:10, then find the Rate of Interest. 11.11%

11.11%

10%

10%

20%

20%

25%

25%

None of these

None of these

Once you attempt the question then PrepInsta explanation will be displayed.

Start

Question 8 Time: 00:00:00
A sum of Rs 6,000 was taken as a loan. This is to be repaid in two equal annual installments. If the rate of interest is 20% compounded annually then find the value of each installment. Rs 4400

Rs 4400

Rs 2220

Rs 2220

Rs 4320

Rs 4320

Rs 4420

Rs 4420

None of these

None of these

Once you attempt the question then PrepInsta explanation will be displayed.