Simple interest And Compound interest for IBPS , SBI , RBI | Quantitative Aptitude | Quiz-5

Simple interest And Compound interest for IBPS , SBI , RBI: Quiz 5

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. A man invested an amount of Rs. 12000 in a scheme offering compound interest at rate of 10% for first year, 12 1/2% for second year and 20% for remaining time. Find the C.I. offered to him at the end of 2 year and 4 months?

(a) Rs. 3840

(b) Rs. 5420

(c) Rs. 4500

(d) Rs. 4400

(e) Rs. 3600

Answer & Explanation

2. The difference b/w SI and CI on a sum of money invested for 2 years is Rs. 100 Find rate of interest per annum if sum of money invested is Rs. 15625?

(a) 5% p.a.

(b) 6.5% p.a.

(c) 8% p.a.

(d) 12 1/2% p.a.

(e) 9% p.a.

Answer & Explanation

3. A man invested 3/4 th of his saving at 16 2/3p.a. simple interest, half of remaining savings at 8% p.a. C.I for 2 years and the remaining amount of savings of Rs. 1500 is kept uninvested. Find the amount of total money he had after 2 years in his savings?

(a) Rs. 15000

(b) Rs. 14500.25

(c) Rs. 16245.6

(d) Rs. 15249.6

(e) Rs. 1486.65

Answer & Explanation

4. A sum of money of Rs. 8000 is invested at rate of 40% p.a. for 1 year. Find CI if rate is compounded quarterly.

(a) Rs. 3600

(b) Rs. 3712.8

(c) Rs. 3625.18

(d) Rs. 3576.8

(e) Rs. 4200

Answer & Explanation

5. Raj invested Rs. X in a scheme for 2 year which offered S.I. at the rate of 15% per annum and Adarsh invested Rs. (X + 5000) in another scheme for same period of time on Raj invested on C.I. at the rate of 20% per annum. If both got total interest of Rs. 29950, then find amount invested by Adarsh?

(a) Rs. 45500

(b) Rs. 25000

(c) Rs. 27500

(d) Rs.37500

(e) Rs. 42500

Answer & Explanation

6. A man borrowed a sum of money for 2 years at 5% p.a. interest compounded annually. If at the end of given time period, the man gave Rs. 5125 as interest. Find sum of money borrowed?

(a) Rs. 47500

(b) Rs. 50000

(c) Rs. 55000

(d) Rs. 48000

(e) Rs. 45000

Answer & Explanation

7. A sum of money become twice in 4 years. Find the time in which it will become 8 times if rate is calculated at per annum simple interest?

(a) 21 years

(b) 15 years

(c) 18 years

(d) 25 years

(e) 28 years

Answer & Explanation

8. Virat and Dhoni invested same amount on two different banks for 2 years. Virat invested on Axis bank which gives 10% SI per annum and Dhoni invested in City Bank which gives 10% C.I per annum. If Dhoni receives Rs. 600 more interest than Virat in 2 years then find total interest earned by Dhoni.

(a) Rs. 17000

(b) Rs. 13400

(c) Rs. 96000

(d) Rs. 12600

(e) Rs. 26000

Answer & Explanation

9. Find sum of money invested by a man in scheme which offers CI at 5% rate of interest per annum if CI for 2nd year is Rs. 3150

(a) Rs. 55000

(b) Rs. 30000

(c) Rs. 40000

(d) Rs. 60000

(e) Rs. 65000

Answer & Explanation

10. A man invested an amount of Rs. 15000 in a scheme which offers 10% rate for 1 years, 25% for next year and 20% for remaining time. Find CI at end of 2 years 4 months.

(a) 5500

(b) 7000

(c) 6200

(d) 7500

(e) 6800

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