Simple interest And Compound interest Quiz for RRB PO & RRB Clerk – Quiz 10

Simple interest And Compound interest Quiz for RRB PO & RRB Clerk – Quiz 10

Questions on simple and compound interest make up the majority of competitive exam papers. Simple Interest and Compound Interest are a crucial portion of the Quantitative Aptitude Section. So, here we are providing you Simple Interest and Compound Interest Quiz. This Simple Interest and Compound Interest Quiz is available to candidates for free. This Simple Interest and Compound Interest Quiz includes questions ranging in difficulty from simple to severe. Candidates can use this Simple Interest and Compound Interest Quiz to help them prepare for upcoming exams such as banking, insurance, SSC, and railway.

1. Two equal sums of money were invested, one at 4% and the other at 9/2 %. At the end of 7 years, the simple interest received from the latter exceeded that received from the former by Rs. 31.50. Each sum was:

(a) Rs. 1,000

(b) Rs. 500

(c) Rs. 750

(d) Rs. 900

(e) None of these

1. A man deposited a certain sum of money in the beginning of each year for three years in a bank. After 3 years he got total amount Rs 11160. If the rate of interest is 12% per annum. Find the amount deposited in the beginning of each year.

(a) Rs 1700

(b) Rs 3000

(c) Rs 3200

(d) Rs 2500

(e) None of these

1. A man borrowed a certain sum from a bank at the rate of 20% compounded annually for three years and promise to pay the sum in three annual equal installments of Rs 21600 each the sum be borrowed.

(a) Rs 42750

(b) Rs 44000

(c) Rs 43750

(d) Rs 45500

(e) None of these

1. The different between the simple and the compound interest compounded every six months at the rate of 10 per cent per annum at the end of two years is Rs. 124.05. What is the sum?

(a) Rs. 10000

(b) Rs. 60000

(c) Rs. 12000

(d) Rs. 8000

(e) None of these

1. A man deposited two parts of a sum of Rs. 25000 in different banks at the rates of 15% per annum and 18% per annum respectively. In one year he got Rs. 4050 as the total interest. What was the amount deposited at the rate of 18% per annum?

(a) Rs. 9000

(b) Rs. 18000

(c) Rs. 15000

(d) Rs. 10000

(e) None of these

1. A man invested ‘X’ amount in scheme A and ‘Y’ amount in scheme B. Scheme A offers 8% p.a. at S.I. scheme B offer 20%. p.a. at C.I. Man invested both schemes for 2 years. The sum of interest he earns after 2 years will be equal to the simple interest he can earn if he invested ‘Y’ amount in scheme A for 7 years. Find the total amount he has initially if difference between interest earned by him after 2 years is 2304.

(a) 12,300

(b) 12,900

(c) 12,600

(d) 13,500

(e) 13,800

1. A sum of money was invested for 14 years in Scheme A, which offered simple interest at a rate of 8% pa. The amount received from Scheme A after 14 years was then invested for two years in Scheme B, which offers compound interest (compounded annual) at a rate of 10% pa. If the interest received from Scheme B was Rs. 6678, what was the sum invested in Scheme A?

(a) Rs. 15500

(b) Rs. 14500

(c) Rs. 16000

(d) Rs. 12500

(e) Rs. 15000

1. A man invests money in three difference schemes for 6 yr, 10 yr and 12 yr at 10%, 12% and 15% simple interest, respectively. At the completion of each scheme, he gets the same interest. The ratio of his investment is

(a) 6 : 3 : 2

(b) 2 : 3 : 4

(c) 3 : 4 : 6

(d) 3 : 4 : 2

(e)None of these

1. Rs. 1750 is given at 14% SI per annum while Rs (1750 + P) is given @ 20% CI per annum. 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

1. A person invests money in 3 different schemes for 3 years, 5 years and 6 years at 10%, 12% and 15% simple interest respectively. At the completion of each scheme, he gets the same interest. The ratio of his investments is

(a) 2:3:6

(b) 2:5:6

(c) 6:5:2

(d) 6:5:3

(e)6:3:2

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