# Understanding Compound Interest Using Simple Interest (Rate Compounded Annually)

## Trending Questions

**Q.**

At what rate % per annum compound interest will Rs5000 amount to 5832 in2 years?

**Q.**

A certain sum amounts to Rs. 9440 in 3 years and to Rs. 10400 in 5 years. Find sum and rate percent.

**Q.**

Ratio 6:7 is equivalent to:

26:27

7:6

12:14

16:17

**Q.**After reading $\frac{7}{9}$ of a book, 40 pages are left. How many pages are there in the book?

**Q.**Mohit deposited a sum of ₹ 12000 in a Bank at a certain rate of interest for 2 years and earns an interest of ₹ 900. How much interest would be earned for a deposit of ₹ 15000 for the same period and at the same rate of interest?

**Q.**In a school, $\frac{5}{8}$ of the students are boys. If there are 240 girls, find the number of boys in the school.

**Q.**

If a sum of ₹ 20, 000 is borrowed by Heena for 2 years at an interest of 8% compounded annually, then the amount she has to pay at the end of 2 years is

₹ 21, 238

₹ 23, 238

₹ 23, 328

₹ 21, 328

**Q.**

The ratio of numbers 15 and 20 is:

4:3

3:4

3:5

5:3

**Q.**The population of a city increases by 30% every year. If the present population is 338000, then what was the population of the city 2 years ago?

**Q.**

The difference between the Simple interest received from two different banks on Rs 2000 for 2 years is Rs 30 , difference between their rates of interest is???

**Q.**The simple interest on a certain sum of money is 3/8 of the sum in 25/4 years. Find the rate percent charged.

**Q.**

A person lent out 16000 rupees on simple interest and the same sum on compound interest for 2years at 12 1/2%per annum. Find the ratio of the amounts received by him as interests after two years.

**Q.**In what time will the interest on a certain sum of money at 6% be 5/8 of itself

**Q.**A sum of money at compound interest becomes its n times in A years then at same rate of interest it will be its n^x times in A×x years. How A×x years came?

**Q.**Calculate the simple interest and compound interest for a principal of ₹ 25, 000 at the rate of 10% per annum for two years.

- SI = ₹ 5, 250, CI = ₹ 5, 000
- SI = ₹ 5, 000, CI = ₹ 5, 000
- SI = ₹ 5, 250, CI = ₹ 5, 250
- SI = ₹ 5, 000, CI = ₹ 5, 250

**Q.**While calculating compound interest, the principal amount doesn't change every year.

- False
- True

**Q.**

Dinesh borrowed ₹ 20, 000 for 2 years at 10% per annum compound interest. Calculate the interest paid by him for the second year.

₹ 2000

₹ 2100

₹ 2400

₹ 2200

**Q.**

If Satish borrows a sum of ₹ 15, 000 for 2 years at an interest of 15%, compounded annually, then the amount he has to pay at the end of 2 years is

₹ 22, 522.5

₹ 21, 522.5

₹ 20, 522.5

₹ 19, 837.5

**Q.**

The ratio of illiterate to literate people in a locality is 1: 19. The population of that locality is 64000. How many among these are literate? And how many are illiterate?

**Q.**

Find the difference between compound interest and simple interest on an amount of ₹ 1000 for 3 years at 10 % per annum.

₹ 27

₹ 31

₹ 35

₹ 42

**Q.**

If the interest is credited to your account every 3 months, then the interest is compounded ________

Yearly

Quarterly

Monthly basis

Half yearly

**Q.**

The milk and water ratio in 16 liter mixture is 5:3. The amount of milk to be added to make the ratio 2:1 is

3 L

5 L

2 L

4 L

**Q.**

The diameter of the sun is 1.4 × 10^{9} meters and that of the Earth is about 1.2768 × 10^{7}meters. Find the approximate ratio of the diameter of the Sun to that of the Earth.

**Q.**At a cricket test match $\frac{2}{7}$ of the spectators were in a covered place while 15000 were in open. Find the total number of spectators.

**Q.**

If two numbers are in the ratio 3:5 and their difference is 48, then find the two numbers.

82 and 120

72 and 120

78 and 130

72 and 125

**Q.**

A principal of ₹40, 000 is compound annually at a rate of 10% for 2 years. What is the compound interest?

Is compound interest greater than the simple interest for the same rate and at the same time?

48400, yes

48000, yes

47000, no

48400, no

**Q.**

The ratio of the number of boys to the number of girls in a school is 14 : 15. There are 27 more girls than boys. How many girls are there in this school? How many boys?

**Q.**12. Mrs. Puran Devi donated Rs 1, 00, 000 to a trust on the condition that interest earned will be used for awarding 3 scholarships of equal value every year. If donation earns 12% per annum, find the value of each scholarship.

**Q.**Compound interest is greater than the simple interest for the same time(2 years) and at the same rate of interest.

- True
- False

**Q.**

The simple interest on a certain sum for 6 years at 14% per annum is Rs. 470.40. The sum is ______ .

Rs. 530

Rs. 560

Rs. 510

Rs. 550