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MathematicsTopic Question Bank50+ Solved MCQsUpdated October 2026👁️ 3.8k Topic Views

Simple and Compound Interest Questions & Answers

Master problem-solving techniques, shortcut tricks, and formulas for Simple and Compound Interest. Solve graded practice questions with complete step-by-step mathematical solutions.

Relevant Exams:SSC CGLSBI PO & ClerkIBPS PORRB NTPCCAT / MBA

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Simple and Compound Interest — Key Concepts & Shortcuts

•Master core formulas and fundamental algebraic/arithmetic principles for Simple and Compound Interest.
•Apply approximation techniques and calculation shortcuts to solve problems within 45 seconds.
•Practice 2-tier questions and review step-by-step derivations for complex problems.

Practice Questions for Simple and Compound Interest

18+ Solved MCQs

Page 6 · Click any question to reveal correct answer and full explanation

If at the same rate of interest, the simple interest for 2 years is ₹46 and the compound interest, compounded annually for 2 years, is ₹69, what is the principal amount?

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Simple and Compound Interest Questions & Answers

Simple and Compound Interest — Key Concepts & Shortcuts

Practice Questions for Simple and Compound Interest

If at the same rate of interest, the simple interest for 2 years is ₹46 and the compound interest, compounded annually for 2 years, is ₹69, what is the principal amount?

The difference between compound interest (compounded annually) and simple interest on an amount of ₹10,000 for 2 years is ₹144. What is the rate of interest per annum?

The difference between the simple interest and compound interest on ₹800 for one year at 6% per annum reckoned half-yearly is:

The difference between simple and compound interest on a sum for three years at 5% per annum is Rs. 76.30. Find the sum.

If the difference between compound interest compounded semi-annually and simple interest on a certain sum of money at 10% per annum for 112 years is Rs. 244, then find the principal sum of money.

Students simulated financial loans with varying interest rates, compounding frequencies, and tenures. What is the most practical mathematical application of this simulation?

If P = Rs. 1,500, R = 8.5% per annum, and T = 2.5 years, find the simple interest.

If the total amount is Rs. 600 and the Principal is Rs. 450 compounded yearly for 1 year, calculate the annual rate of interest.

A TV set is available for ₹19,650 cash or for ₹3,100 as cash down payment followed by three equal annual instalments. If the shopkeeper charges interest at the rate of 10% per annum compounded annually, calculate the amount of each instalment.

A sum of ₹12,000 amounts to ₹20,736 in 3 years at a certain rate per cent per annum interest compounded annually. What will be the amount (in ₹) of the same sum in 4 years at the same rate on compound interest?

A financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging a nominal interest rate of 20% p.a., what is the effective annual rate of interest?

Vinay invested a total of ₹ 25,000, partly at simple interest and the remaining at compound interest. If the rate of interest for both is 10% per annum and he earned a total of ₹ 5,150 as interest at the end of 2 years, find the sum invested at compound interest.

The simple interest and compound interest on a principal at a certain rate of interest for 2 years are ₹ 1400 and ₹ 1470 respectively. What is the principal (in ₹)?

The simple interest on a certain sum of money for 2 years at 5% per annum is Rs. 1600. The compound interest on the same sum at the rate of 5% per annum after 3 years (interest compounded annually) is:

Frequently Asked Questions on Simple and Compound Interest