Simple interest And Compound interest for IBPS , SBI , RBI | Quantitative Aptitude | Quiz-2

Simple interest And Compound interest for IBPS , SBI , RBI

Simple interest 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 interest And Compound interest in one of IBPS, SBI and RBI PO & clerk exam. So, aspirants should focus on Simple interest And Compound interest questions in detail. Here, we are providing you with the Simple interest And Compound interest questions quiz with the detailed solution so that you can easily prepare for Simple interest And Compound interest questions. We are providing here all-important latest pattern-based questions and Previous Year Questions of Simple interest And Compound interest of various Government Exam like IBPS, SBI, and RBI PO and Clerk exam. This Simple interest And Compound interest quiz we are providing is free. Attempt this Simple interest 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 interest And Compound interest Quiz to improve your Quantitative Aptitude for SBI Po & SBI clerk exam IBPS PO Reasoning , IBPS Clerk Reasoning , IBPS RRB Reasoning, LIC AAO ,LIC Assistant  and other competitive exam

1. The simple interest accrued on an amount of Rs. 84000 at the end of three years is Rs. 30240. What would be the compound interest accrued on the same amount at the same rate in the same period?

(a) Rs. 33613.95

(b) Rs. 35613.95

(c) Rs. 35013.95

(d) Rs. 34613.95

(e) Rs. 34013.95

Answer & Explanation
1

2. In how money years will a sum of Rs. 800 at 10% p. a. compound interest, compounded semi-annually becomes Rs. 926.10?

(a) 1.5 years

(b) 1 year

(c) 2 years

(d) 1 years 9 months

(e) 1 years 3 months

Answer & Explanation
2

3. A man deposited Rs. 3,90,300 into the account of his two sons such that they will get equal money at their 18th birthday. Their ages today are 15 years and 13 years. Rate of interest is 4% p. a. Find the money deposited in their account.

(a) Rs. 130100, Rs. 260200

(b) Rs. 202000, Rs. 188300

(c) Rs. 152000, Rs. 238300

(d) Rs. 202800, Rs. 187500

(e) None of these

Answer & Explanation
3

4.The simple interest obtained on an amount of Rs. 45000 at the end of 4 years is Rs. 15300. What would be the approximate compound interest obtained on the same amount at the same rate of interest in the same period ?(approximate)

(a) Rs. 18244

(b) Rs. 19500

(c) Rs. 16285

(d) Rs. 18566

(e) Rs. 17364

Answer & Explanation
4

5. A person invested equal amounts in two schemes A and B at the same rate of interest. Scheme A offers simple interest while scheme B offers compound interest. After two years he got Rs. 1920 from scheme A as interest and Rs. 2112 from scheme B as interest. If the rate of interest is increased by 4%, what will be the total interest after two years from both schemes? 
(a) Rs. 4884.48
(b) Rs. 4888.48
(c) Rs. 4884.84
(d) Rs. 4384.48
(e) None of these

Answer & Explanation
5

6. Amount of Rs. 1750 is given at 14% SI p.a. while Rs (1750 + P) is given @ 20% CI p.a. If the difference between both interests at the end of two years is Rs 830. Find P.

(a) 1100

(b) 1150

(c) 1250

(d) 1300

(e) 1350

Answer & Explanation
6

7. A money lender lent out 25,000 in two parts, one at 8% and the other at 8.5% on S.I. If the total annual income on the amount is Rs. 2013.25, the money lent at 8% is

(a) Rs. 12500

(b) Rs. 6250

(c) Rs. 10000

(d) Rs. 18750

(e) None of these

Answer & Explanation
7

8. Abhinav invests two sum of money A and B at 10% p.a. and 20% p.a respectively at CI for 2 years. IF the total interest on both the sum is Rs 5350 then find the sum invested in A if the total sum of A and B was Rs 20,000?
(a) Rs 5,000
(b) Rs 10,000
(c) Rs 12,000
(d) Rs 15,000
(e) None of these

Answer & Explanation
8

9. A sum of Rs 6,000 was taken as a loan. This is to be repaid in two equal annual installments. If the rate of interest is 20% compounded annually then find the value of each installment.
(a) Rs 4400
(b) Rs 2220
(c) Rs 4320
(d) Rs 4420
(e) None of these

Answer & Explanation
9

Q10. Find the compound interest on a sum of Rs. 12,000 at 24% per annum for 4 years compounded annually.

(a)16000

(b) 17800

(c) 18904

(d) 17940

(e) 16370

Answer & Explanation
10

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