SNAP Interest Questions

SNAP 2018 Interest questions

Question 1

A man lends some money to his friend at 5% per annum of interest rate. After 2 years, the difference between the Simple and the compound interest on money is Rs. 50. What will be the value of the amount at the end of 3 years if compounded annually?

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SNAP 2015 Interest questions

Question 1

Rs. XYZ was deposited at simple interest at a specific rate for 3 years. Had it been deposited at 2% higher rate, it would have fetched Rs. 360 more. Find Rs. XYZ.

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Question 2

A man invests a certain amount at 6% per annum simple interest and another amount at 7% per annum simple interest. His income from the interest after 2 years was Rs. 348. The ratio of the first amount to the second is 4:5. Find the total amount invested.

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SNAP 2014 Interest questions

Question 1

At a simple interest, 800 becomes 956 in three years. If the interest rate, is increased by 3%, how much would 800 become in three years?

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SNAP 2013 Interest questions

Question 1

The simple interest accrued on a sum of certain principal in 8 years at the rate of 13% per year is Rs.6500. What would be the compound interest accrued on that principal at the rate of 8% per year in 2 years?

SNAP 2007 Interest questions

Question 1

In 4 years, the SI on a certain sum of money is $$\frac{7}{25}$$ of the principal. What is the annual rate of interest?


Question 2

A man earns 6% SI on his deposits in Bank A while he earns 8% simple interest on his deposits in Bank B. If the total interest he earns is Rs.1800 in three years on an investment of Rs.9000, what is the amount invested at 6 %?

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