CA Foundation Interest — practice questions

Explore 2 free Interest questions in CA Foundation Quantitative Aptitude. Open each question or exercise to read its content, reference answers and available explanation.

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Interest questions and exercises with answers

Showing questions 1–2 of 2.

Key in the interestRead the answer and worked solution →Simple or compound interest?Read the answer and worked solution →

Worked practice questions

Key in the interest

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Questions

Answer
3000
Question
Simple interest on 10000 at 15 per cent for 2 years?
Answer
3328
Question
Compound interest on 20000 at 8 per cent for 2 years?
Answer
12.5
Question
A sum doubles in 8 years at simple interest. What is the rate per cent?
Answer
1500
Question
Simple interest on 15000 at 5 per cent for 2 years?

Instructions

Work out each answer and key it in on the pad.

_Source: syllabus Maths Ch7 Comparing Quantities, 7.4 Compound Interest_

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Simple or compound interest?

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Items

Item
Base never moves
Category
Simple
Item
Same every year
Category
Simple
Item
On the principal
Category
Simple
Item
Base grows yearly
Category
Compound
Item
Rises every year
Category
Compound
Item
On last year's amt
Category
Compound

Categories

Item
Simple
Item
Compound

Instructions

Tap a description, then tap the kind of interest it names.

_Source: syllabus Maths Ch7 Comparing Quantities, 7.4 Compound Interest_

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How to practise

Choose a Interest question and try to work out your answer.
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