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Simple & Compound Interest CAT Previous Year Questions with Answer PDF


Question for CAT Previous Year Questions: Simple & Compound Interest
Try yourself:Anil invests some money at a fixed rate of interest, compounded annually. If the interests accrued during the second and third year are ₹ 806.25 and ₹ 866.72, respectively, the interest accrued, in INR, during the fourth year is nearest to 

[2021]

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Question for CAT Previous Year Questions: Simple & Compound Interest
Try yourself:Raj invested ₹ 10000 in a fund. At the end of first year, he incurred a loss but his balance was more than ₹ 5000. This balance, when invested for another year, grew and the percentage of growth in the second year was five times the percentage of loss in the first year. If the gain of Raj from the initial investment over the two year period is 35%, then the percentage of loss in the first year is

[2021]

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Question for CAT Previous Year Questions: Simple & Compound Interest
Try yourself:Bank A offers 6% interest rate per annum compounded half-yearly. Bank B and Bank C offer simple interest but the annual interest rate offered by Bank C is twice that of Bank B. Raju invests a certain amount in Bank B for a certain period and Rupa invests ₹ 10,000 in Bank C for twice that period. The interest that would accrue to Raju during that period is equal to the interest that would have accrued had he invested the same amount in Bank A for one year. The interest accrued, in INR, to Rupa is

[2021]

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Question for CAT Previous Year Questions: Simple & Compound Interest
Try yourself:Veeru invested Rs 10000 at 5% simple annual interest, and exactly after two years, Joy invested Rs 8000 at 10% simple annual interest. How many years after Veeru’s investment, will their balances, i.e., principal plus accumulated interest, be equal? 

[2020]

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*Answer can only contain numeric values
Question for CAT Previous Year Questions: Simple & Compound Interest
Try yourself:For the same principal amount, the compound interest for two years at 5% per annum exceeds the simple interest for three years at 3% per annum by Rs 1125. Then the principal amount in rupees is 

[2020]

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*Answer can only contain numeric values
Question for CAT Previous Year Questions: Simple & Compound Interest
Try yourself:A person invested a certain amount of money at 10% annual interest, compounded half-yearly. After one and a half years, the interest and principal together became Rs 18522. The amount, in rupees, that the person had invested is 

[2020]

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FAQs on Simple & Compound Interest CAT Previous Year Questions with Answer PDF

1. What is the formula for calculating simple interest?
Ans. The formula for calculating simple interest is: Simple Interest = (Principal amount x Rate x Time) / 100
2. How is compound interest different from simple interest?
Ans. Compound interest is different from simple interest because it is calculated not only on the initial principal amount but also on the accumulated interest of previous periods. In simple interest, only the principal amount is considered for calculating the interest.
3. What is the difference between annual compound interest and annual simple interest?
Ans. The difference between annual compound interest and annual simple interest lies in the calculation of interest. Annual compound interest is calculated based on the compounding of interest at regular intervals within a year, while annual simple interest is calculated using a fixed interest rate on the principal amount for the entire year.
4. How can the compound interest be calculated when the interest is compounded annually?
Ans. The formula for calculating compound interest when the interest is compounded annually is: Compound Interest = Principal amount x (1 + (Rate/100))^Time - Principal amount
5. How can the compound interest be calculated when the interest is compounded semi-annually?
Ans. The formula for calculating compound interest when the interest is compounded semi-annually is: Compound Interest = Principal amount x (1 + (Rate/200))^2Time - Principal amount
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