REET · Mathematics and Science (Level 2)
Simple and Compound Interest
SI, CI and applications in real-life problems.
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Take a full mock →Q1 · Simple and Compound Interest · EASY
A farmer borrows Rs 8000 from a cooperative society at 5% simple interest per annum. If he repays the entire amount after 3 years, how much total amount does he pay?
Q2 · Simple and Compound Interest · MEDIUM
A sum of Rs 12000 is invested at 10% per annum compound interest, compounded annually. What will be the amount after 2 years?
Q3 · Simple and Compound Interest · HARD
A shopkeeper borrows Rs 15000 at 8% per annum simple interest and Rs 10000 at 12% per annum compound interest (compounded annually). If both loans are repaid after 2 years, what is the total interest paid?
Q4 · Simple and Compound Interest · EASY
A sum of ₹8,000 is invested at a simple interest rate of 9% per annum. What will be the total amount after 3 years?
Q5 · Simple and Compound Interest · HARD
A certain sum amounts to ₹6,400 in 2 years and to ₹7,200 in 3 years at simple interest. What is the rate of interest per annum?