Simple and Compound Interest for IBPS , SBI , RBI | Quantitative Aptitude | Quiz-3

Simple and Compound Interest for IBPS , SBI , RBI: Quiz -3

Simple and Compound Interest plays a significant role in Quantitative Aptitude Section of banking exams such as IBPS, SBI and RBI PO and Clerk. You will get at least 4-5 questions from Simple and Compound Interest in one of IBPS, SBI and RBI PO & clerk exam. So, aspirants should focus on Simple and Compound Interest questions in detail. Here, we are providing you with the Simple and Compound Interest questions quiz with the detailed solution so that you can easily prepare for Simple and Compound Interest questions. We are providing here all-important latest pattern-based questions and Previous Year Questions of Simple and Compound Interest of various Government Exam like IBPS, SBI, and RBI PO and Clerk exam. This Simple and Compound Interest quiz we are providing is free. Attempt this Simple and Compound Interest quiz to practice important questions with answers and solutions. And score better in IBPS, SBI and RBI PO and Clerk exam.

Simple and Compound Interest Quiz to improve your Quantitative Aptitude for SBI Po & SBI clerk exam, IBPS PO & IBPS Clerk exam, IBPS RRB PO and assistant exam, LIC AAO ,LIC Assistant  and other competitive exam.

1. Mohit borrowed Rs. 12000 on C.I. at the rate of 20% for three years. He paid at the end of first year 1/8 th of amount and end of second year 1/6th of amount. Find how much amount Mohit have to pay at the end of third year to complete his debt?

(a) 15220 Rs

(b) 15520Rs

(c) 15340 Rs

(d) 15120Rs.

(e) 15560 Rs

Answer & Explanation

2. Abhishek invested his saving deposit in two different banks, he invested 40% of his saving in SBI on CI at 20% for two years and remaining saving in BOB on S.I. at 15% for three years. If Abhishek got Rs. 10704 as total interest on his saving, then find Abhishek saving?

(a) 22000 Rs

(b) 20000 Rs

(c) 18000 RS

(d) 16500 Rs

(e) 24000 Rs

Answer & Explanation

3. A man lent Rs. 10800 to two persons in the ratio of 4 : 5 on S.I. He lent smaller amount at 15% per annum and bigger amount at 10% per annum for T year and (T – 1) year and got total interest of Rs. 3360, find value of T.

(a) 2 years

(b) 4 years

(c) 1 years

(d) 3 years

(e) None of these

Answer & Explanation

4. Abhinav invested Rs 17500 on SI at the rate of R% for two years and got a total interest of Rs 5250. If Abhinav invested same amount on CI at (R + 5) % rate of interest for two year, then find total C.I obtained by Abhinav after two years?

(a) 7200 Rs.

(b) 8000 Rs.

(c) 7800 Rs.

(d) 7700 Rs.

(e) 7000 Rs.

Answer & Explanation

5. Sameer lent Rs 16500 on Simple Interest at the rate of 15% annually for ‘T’ years and got total interest of Rs 9900. If veer lent Rs 3500 more than Sameer on C.I at the rate of 20% annually for ‘(T- 2)’ years, then find the interest earned by Veer?

(a) Rs.4000

(b) Rs.8800

(c) Rs.14560

(d) Rs.21472

(e) Rs.8000

Answer & Explanation

6. A and B invested Rs (P + 2400) and (P + 4400) on CI at the rate of 10% and 20% respectively for two years and earned total interest of Rs 8680. Find the amount invested by A and B?

(a) 14000 Rs. 16000 Rs.

(b) 12000 Rs. 16000 Rs.

(c) 16000 Rs. 18000 Rs.

(d) 18000 Rs. 20000 Rs

(e) 12000 Rs. 14000 Rs.

Answer & Explanation

7. Difference between CI and SI on a sum for 3 year at 20% p.a. is 176, Find the simple interest on the sum after 2 year at 10% p.a.?

(a) 225

(b) 250

(c) 275

(d) 300

(e) 350

Answer & Explanation

8. If on a sum the difference b/w simple interest and compound interest at rate of 12% p.a. for two years is Rs. 51.84. Then find the amount a man will get if he invested same sum for 2 years at 10% p.a. compounded annually?

(a) Rs. 4598

(b) Rs. 3993

(c) Rs. 4114

(d) Rs. 4235

(e) Rs. 4356

Answer & Explanation

9. Raj invested Rs. 15000 in scheme ‘A’ at rate of 18% p.a. simple interest for 3 years and Riya invested Rs. 18000 in scheme ‘B’ which offers 15% p.a. compound interest in 2 years. Find the difference between the interest earned from these two schemes?

(a) Rs. 2295

(b) Rs. 2400

(c) Rs. 2500

(d) Rs. 2345

(e) Rs. 2100

Answer & Explanation

10. If the difference between Simple Interest and Compound Interest at 10% p.a. rate of interest for 3 years is Rs. 930, then find the Sum.

(a) Rs 25,000

(b) Rs 30,000

(c) Rs 35,000

(d) Rs 40,000

(e) None of these

Answer & Explanation

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