Difference between compound and simple interest on a sum
This type of question, asked 5 times: CDS 1 2017, CDS 2 2017, CDS 1 2021, CDS 1 2023, CDS 1 2024. All 6 questions below, oldest first.
Try each one first, then open its answer.
Question 1
CDS 1 2017
37The difference between the simple and the compound interest on a certain sum of money at 4% per annum in 2 years is Rs. 10. What is the sum ?Tap an option to check your answer.
Question 2
CDS 2 2017
43The difference between the compound interest (compounded annually) and simple interest on a sum of money deposited for 2 years at 5% per annum is Rs. 15. What is the sum of money deposited ?Tap an option to check your answer.
Question 3
CDS 1 2021
33The difference between the compound interest (compounded annually) and the simple interest on a certain sum of money at 12% per annum for 2 years is Rs. 72. What is the principal amount?Tap an option to check your answer.
Question 4
CDS 1 2023
41What is the difference between simple interest and compound interest on Rs. 10,000 for two years at 20% per annum compounded half-yearly ?Tap an option to check your answer.
Question 5
CDS 1 2024
47Let x be the compound interest at the end of 3 years on a sum of Rs. 1000 at the rate of 10% compounded annually and y be the simple interest at the end of 3 years on a sum of Rs. 1000 at the annual rate of 11%. What is the difference between x and y ?Tap an option to check your answer.
Question 6
CDS 1 2024
4If the rate of interest is 5%, then what would be the difference between compound interest and simple interest received on Rs. 10,000 (each) after 3 years from now ?Tap an option to check your answer.