BCA Entrance Preparation Quiz: Simple and Compound Interest

1. A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:

2. Mr. Thomas 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?

3. A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is the sum?

4. How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?

5. Aananda took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?

6. 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?

7. Kamal took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was:

8. A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:

9. Find the principle on a certain sum of money at 5% per annum for 2.4 years if the amount being Rs.1120?

10. What sum of money will produce Rs.70 as a simple interest in 4 years at 3 1/2 percent?

11. At what rate percent on simple interest will Rs.750 amount to Rs.900 in 5 years?

12. What is the rate percent when the simple interest on Rs.800 amount to Rs.160 in 4 Years?

13. Find the simple interest on Rs.500 for 9 months at 6 paisa per month?

14. Ram invested Rs. 15000 @ 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by Ram at the end of the year will be?

15. A man saves Rs. 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years?

16. Rupak invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Rupak get on maturity of the fixed deposit?

17. Bindu wants to borrow Rs.6000 at rate of interest 6% p.a. at S.I and lend the same amount at C.I at same rate of interest for two years. What would be his income in the above transaction?

18. Rayan invested certain amount for two rates of simple interests at 6% p.a. and 7% p.a. What is the ratio of Rayan’s investments if the interests from those investments are equal?

19. The simple interest on Rs.12000 at a certain rate of interest in five years is Rs.7200. Find the compound interest on the same amount for five years at the same rate of interest.

20. What is the difference between the compound interest on Rs.12000 at 20% p.a. for one year when compounded yearly and half yearly?

21. The compound and the simple interests on a certain sum at the same rate of interest for two years are Rs.11730 and Rs.10200 respectively. Find the sum.

22. A person got Rs.48 more when he invested a certain sum at compound interest instead of simple interest for two years at 8% p.a. Find the sum?

23. The compound interest accrued on an amount of Rs.44000 at the end of two years is Rs.1193.60. What would be the simple interest accrued on the same amount at the same rate in the same period?

24. The simple interest accrued on an amount of Rs.49500 at the end of three is Rs.17820. What would be the compound interest accrued on the same amount at the same rate in the same period? (Round off your answer to two decimal places)

25. A man gets a simple interest of Rs.500 on a certain principal at the rate of 5% p.a in two years. Find the compound interest the man will get on twice the principal in two years at the same rate.

26. A sum of Rs.4800 is invested at a compound interest for three years, the rate of interest being 10% p.a., 20% p.a. and 25% p.a. for the 1st, 2nd and the 3rd years respectively. Find the interest received at the end of the three years.

27. Compound interest earned on a sum for the second and the third years are Rs.1200 and Rs.1440 respectively. Find the rate of interest?

28. Nisha invested an amount of Rs.17400 for two years. Find the rate of compound interest that will fetch him an amount of Rs.1783.50 at the end of two years?

29. The compound interest earned by Sunil on a certain amount at the end of two years at the rate of 8% p.a. was Rs.2828.80. Find the total amount that Sunil got back at the end of two years in the form of principal plus interest earned.

30. What amount does Anil get if he invests Rs.8000 at 10% p.a. compound interest for two years, compounding done annually?

31. Find the amount on Rs.5000 in 2 years, the rate of interest being 4% per first year and 5% for the second year?

32. A money lender lends Rs.2000 for six months at 20% p.a. rate. It the interest is reckoned quarterly than find the amount given after time limit.

33. How much more would Rs.20000 fetch, after two years, if it is put at 20% p.a. compound interest payable half yearly than if is put at 20% p.a. compound interest payable yearly?

34. Sehar gave Shazia Rs.1250 on compound interest for 2 years at 4% per annum. How much loss would Sehar has suffered had she given it to Shazia for 2 years at 4% per annum simple interest?

35. Every year an amount increases by 1/8th of itself. How much will it be after two years if its present value is Rs.64000?

36. Find the amount on Rs.8000 in 9 months at 20% per annum, if the interest being compounded quarterly?

37. What sum of money put at C.I amounts in 2 years to Rs.8820 and in 3 years to Rs.9261?