Quant Quiz SBI CLERK PRE & RBI ASSISTANT PRE 2020 |24 January 2020

Q3.  Rakesh borrows Rs. 3500 from a bank at SI. After three years he paid Rs. 1500 to the bank and at the end of 5 years from the date of borrowing he paid Rs. 2725 to the bank to settle the account. Find the rate of interest. 

A) 10%

B) 5%

C) 2.5%

D) 3.5%

E) None of these

Q4. Ashok borrowed some money at simple interest at the rate of 6 per cent per annul for the first two years, at the rate of 9 per cent per annul for the next three years and at the rate of 14% per cent per annul for the period beyond five years. If he pays a total interest of Rs. 11400 at the end of 9 years how much money did he borrow ?

(a) Rs. 16,000

(b) Rs. 14,000

(c) Rs. 18,000

(d) Rs. 12,000

(e) None of these

Q5. On Rs 3500 invested at a simple interest rate 7 per cent per annum, Rs 500 is obtained as interest in certain years, In order to earn Rs 800 as interest on Rs 4900 in the same number of years, what should be the rate of simple interest?

(a) 9%

(b) 10%

(c) 12%

(d) 8%

(e) None of these

Q6. A person invested a certain amount at simple interest at the rate of 6 per cent per annul earning Rs. 900 as an interest at the end of three years. Had the interest been compounded every year, how much more interest would he have earned on the same amount with the same interest rate after three years ?

(a) Rs. 38.13

(b) Rs. 25.33

(c) Rs. 55.08

(d) Rs. 35.30

(e) None of these

Q7.  If Rs.1000 be invested at interest rate of 5% and the interest be added to the principle every 10 years, then In how many years  it will amount to Rs. 2000 ?