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Question

The simple and compound interest that can be earned in two years at the same rate is Rs 4000 and Rs 4180 respectively. What is the rate (percent per annum) of interest?

This question was previously asked in
SSC CGL 2017 (Tier 1) Previous Year Paper (16-Aug-2017) (Shift 1)
The correct answer is

9

The rate of interest is calculated using the formula for simple and compound interest. The rate comes out to be 9% per annum.

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Similar Questions

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

  2. What is the compound interest on Rs. 1000 at 10% per annum for 3 years in Rs.?

  3. Two years ago, the population of a town was 9487500. Due to migration to big cities, it decreases every year at the rate of 8%. The present population of the town is:

  4. A sum of Rs. 2000 amounts to Rs. 4000 in two years at compound interest. In how many years does the same amount becomes Rs. 8000?

  5. The amount of Rs. 10,000 after 2 years, compounded annually with the rate of interest being 10% per annum during the first year and 12% per annum during the second year, would be (in rupees)

  6. Difference between CI and SI on Rs. 40,000 at 8% p.a. for 3 years compounded annually:

  7. The difference between the compound interest and the simple interest on Rs. 6250 at 8% per annum in 2 years is:

  8. If Rs. 10000 amounts to Rs. 11664 invested in compound interest(compounded annually) for two years then the annual rate of compound interest is:

  9. The simple interest on a certain sum of money for 2 years at 5% is Rs. 1600. The compound interest at the same rate after 3 years interest compound annually, is

  10. If a sum of Rs.12500 is invested for 1 year at 12% per annum interest being compounded semi-annually, then interest earned is


Important Questions from Compound Interest

  1. A person borrowed Rs. 10000 on compound interest at the rate of 40 percent per annum. If the interest is compounded half yearly, then what will be the amount to be paid after 1.5 years?

  2. The difference between the compound interest (compounding annually) and the simple interest on a sum of money at the rate of 40 per cent per annum for 2 years is Rs. 2400. What is the amount?

  3. In how many years will a sum of Rs.1875 amount to Rs.2187 at 8 percent p.a. compound interest?

  4. A sum of money has increased by 45% in 9 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?

  5. At a certain rate of compound interest a certain sum amounts to Rs. 64800 in 4 years and Rs. 93312 in 6 years. What is the compound interest earned in fifth year?

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