Simple Interest & Compound Interest — Practice Set
TCS NQT Quantitative Aptitude | 20 Questions | All Problem Types
Q1. [Basic SI]
Find the Simple Interest on ₹8,000 at 9% p.a. for 3 years.
(A) ₹1,960
(B) ₹2,160
(C) ₹2,360
(D) ₹2,560
Q2. [Basic CI]
Find the Compound Interest on ₹5,000 at 10% p.a. for 2 years, compounded annually.
(A) ₹950
(B) ₹1,000
(C) ₹1,050
(D) ₹1,100
Q3. [Find Principal from SI]
A sum earns Simple Interest of ₹960 in 4 years at 8% p.a. Find the sum.
(A) ₹2,800
(B) ₹3,000
(C) ₹3,200
(D) ₹3,600
Q4. [Find Rate from SI]
The Simple Interest on ₹4,000 for 5 years is ₹1,200. Find the rate of interest.
(A) 5%
(B) 6%
(C) 7%
(D) 8%
Q5. [Find Time from SI]
At 7.5% p.a., a sum of ₹2,400 earns Simple Interest of ₹720. Find the time.
(A) 3 years
(B) 3.5 years
(C) 4 years
(D) 4.5 years
Q6. [CI compounded half-yearly]
Find the Compound Interest on ₹10,000 at 8% p.a. compounded half-yearly for 1 year.
(A) ₹800
(B) ₹808
(C) ₹816
(D) ₹824
Q7. [CI compounded quarterly]
Find the amount on ₹16,000 at 20% p.a. compounded quarterly for 6 months.
(A) ₹17,200
(B) ₹17,440
(C) ₹17,640
(D) ₹17,800
Q8. [CI − SI difference (2 years)]
The difference between CI and SI on a certain sum for 2 years at 5% p.a. is ₹25. Find the sum.
(A) ₹8,000
(B) ₹9,000
(C) ₹10,000
(D) ₹12,000
Q9. [CI − SI difference (3 years)]
Find the difference between CI and SI for 3 years on ₹15,000 at 10% p.a.
(A) ₹420
(B) ₹465
(C) ₹495
(D) ₹520
Q10. [Ratio of SI to CI (2 years)]
Find the ratio of Simple Interest to Compound Interest for 2 years at 8% p.a. on the same sum.
(A) 12:13
(B) 24:25
(C) 25:26
(D) 27:28
Q11. [Variable-rate CI]
₹20,000 is invested for 2 years at compound interest — 5% p.a. in the first year and 8% p.a. in the second year. Find
the total Compound Interest.
(A) ₹2,480
(B) ₹2,580
(C) ₹2,680
(D) ₹2,780
Q12. [Find Principal from CI]
The Compound Interest on a sum for 2 years at 12% p.a. is ₹2,544. Find the sum.
(A) ₹9,000
(B) ₹9,500
(C) ₹10,000
(D) ₹10,500
Q13. [Find Amount from CI]
Find the amount on ₹12,000 for 3 years at 10% p.a. compounded annually.
(A) ₹15,732
(B) ₹15,972
(C) ₹16,212
(D) ₹16,452
Q14. [Depreciation]
A machine purchased for ₹50,000 depreciates at 10% p.a. Find its value after 3 years.
(A) ₹35,000
(B) ₹35,750
(C) ₹36,450
(D) ₹37,000
Q15. [Population growth]
The population of a town increases at 5% p.a. If the current population is 40,000, find the population after 2 years.
(A) 43,800
(B) 44,000
(C) 44,100
(D) 44,200
Q16. [Find sum from CI−SI difference (3 years)]
The difference between the Compound Interest and Simple Interest for 3 years at 10% p.a. is ₹310. Find the sum.
(A) ₹8,500
(B) ₹9,000
(C) ₹10,000
(D) ₹11,000
Q17. [Effective 2-year rate]
Money is compounded annually at 10% p.a. for 2 years. Find the single equivalent (effective) rate of interest for the
full 2-year period.
(A) 20%
(B) 20.5%
(C) 21%
(D) 22%
Q18. [Rule of 72 (doubling time)]
Approximately how many years will it take for a sum to double itself at 8% p.a. compound interest?
(A) 7 years
(B) 8 years
(C) 9 years
(D) 10 years
Q19. [SI vs CI comparison]
₹15,000 is invested for 2 years. Scheme A offers Simple Interest at 12% p.a. Scheme B offers Compound Interest at
10% p.a. compounded annually. Which scheme gives more return, and by how much?
(A) Scheme A by ₹300
(B) Scheme A by ₹450
(C) Scheme B by ₹300
(D) Scheme B by ₹450
Q20. [Sum split by equal SI (advanced)]
A sum of ₹10,000 is divided into two parts such that the Simple Interest on the first part for 4 years at 5% p.a. equals
the Simple Interest on the second part for 5 years at 6% p.a. Find the two parts.
(A) ₹5,000 and ₹5,000
(B) ₹5,500 and ₹4,500
(C) ₹6,000 and ₹4,000
(D) ₹6,500 and ₹3,500