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Simple interest And Compound interest for IBPS , SBI , RBI – Quiz 6
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 1-2 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 R
1. V borrows Rs. 6000 at 30% compound rate of interest. At the end of each year, he pays back Rs.1200. How much amount should he pay at the end of the third year to clear all his dues?
(a) Rs. 9594
(b) Rs. 9584
(c) Rs. 9850
(d) Rs. 8574
(e) Rs. 8926
2. Abhishek invested a certain amount at the rate of 8 % per annum for 5 year and obtained a total SI of Rs. 3800, had he invested the same amount at the same rate for 2 years at C.I., how much amount would he have obtained as CI at the end of 2 year?
(a) Rs. 1520
(b) Rs. 1550.5
(c) Rs. 1550
(d) Rs. 1580.8
(e) Rs. 1560.5
3. Abhinav divided 2189 in three parts such that interest on them after 1, 2, 3 years respectively may be equal. The rate of SI is 4% per annum in all case. What is the smallest part of the three parts?
(a) 702
(b) 398
(c) 425
(d) 756
(e) 1093
4. If a sum is invested in scheme B at C.I, then amount obtained after 2 year from this scheme is 1.44 times the sum invested. Rate of simple interest for scheme A is half of the rate of compound interest for scheme B. Find out the interest earned when 8000 was invested in each scheme mentioned above for 2 years.
(a) 5120
(b) 5000
(c) 4800
(d) Can’t be determined
(e) None of these
5. A person invested a certain amount at simple interest at the rate of 6 per cent per annum 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
6. S borrowed 17500 Rs. from D on compound interest annually at the rate of 20% per annum, if he paid 5000 Rs. at the end of every year to D then find how much amount S have to pay at the end of fourth year for complete his debt?
(a) 14168
(b) 14648
(c) 14848
(d) 14448
(e) 14248
7. A invests some amount in a scheme at 5% and B at 3% for two years. If the total sum invested by A and B is 4000 and the simple interest received by both is same then find the amount invested by A.
(a) Rs. 1,300
(b) Rs. 1,500
(c) Rs. 2,500
(d) Rs. 2,700
(e) Rs. 2,100
8. Same amounts are invested in two schemes with 8% interest for 2 years, one scheme at S.I. and another scheme at CI. If he received Rs. 41875.2 after 2 years then find the simple interest he earned.
(a) 3880
(b) 2000
(c) 2400
(d) 2500
(e) 2880
9. Ankur invested X Rs. at the rate of 15% per annum on compound interest for two years and gets total interest of 5805 Rs. if Ankur invest (X + 7000) Rs. for another two years at additional rate of 5%, then what will be compound interest on that investment?
(a) Rs.10000
(b) Rs.11000
(c) Rs.12000
(d) Rs.15000
(e) Rs.18000
10. A man have 18000 Rs, he invest 4000 Rs at 4% interest and 4200 at the rate of 5% to earn total interest of 1020 Rs after 2 year he must invest the remaining amount at what rate of interest.
(a) 11/7%
(b) 10/9%
(c) 10/7%
(d) 12/7%
(e) 5%
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