Simple interest And Compound interest Quiz for RRB PO & RRB Clerk – Quiz 9

Simple interest And Compound interest Quiz for RRB PO & RRB Clerk – Quiz 9

Simple Interest and Compound Interest Questions form a majority of competitive examination papers. Simple Interest and Compound Interest are a crucial portion of the Quantitative Aptitude Section. So, here we have come up with the Simple Interest and Compound Interest Quiz. Candidates can take this Simple Interest and Compound Interest Quiz for free. This Simple Interest and Compound Interest Quiz covers a variety of questions ranging in difficulty from easy to challenging. This Simple Interest and Compound Interest Quiz can help candidates improve their preparation for upcoming exams such as banking, insurance, SSC, and railway.

1. Abhinav 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) Rs. 12000

Answer & Explanation

2. A sum is divided between A and B in the ratio of 1 : 2. A purchased a car from his part, which depreciates 100/7 % per annum and B deposited his amount in a bank, which pays him 20% interest per annum compounded annually. By what percentage will the total sum of money increase after two years due to this investment pattern (approximately)?
(a) 20%
(b) 26.66%
(c) 30%
(d) 25%
(e) 32%

Answer & Explanation

3. A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest?
(a) 3.46%
(b) 4.5%
(c) 5%
(d) 7%
(e) 9.25%

Answer & Explanation

4. Ritu invested her total saving in three different FD schemes A, B and C in the ratio of 5 : 4 : 6 on CI for two years at the rate of 10%, 15% and 20% respectively. If interest is calculated annually and interest from scheme B is Rs. 744 more than interest from scheme A then, find difference between interest received from scheme C and scheme B by Ritu?
(a) Rs. 4185
(b) Rs. 4175
(c) Rs. 3840
(d) Rs. 4580
(e) Rs. 3250

Answer & Explanation

5. Rakesh lent Rs. P to Rahul on an agreement that for first two-year, interest will be calculated on SI at 15% per annum and for next two years interest will be calculated on C.I at 5% additional rate. If Rahul paid total amount of Rs. 17971.2 at the end of four year, Find the amount borrowed by Rahul?
(a) 9000 Rs.
(b) 9800 Rs.
(c) 9900 Rs.
(d) 9600 Rs.
(e) 9200 Rs.

Answer & Explanation

6. Abhi invested some amount on scheme ‘P’ which offer CI at the rate of 15% p.a. After 2 years he got Rs. 1032 as interest. Abhi invest the amount he got from scheme ‘P’ in scheme ‘Q’ which offer 15% p.a. at SI for 4 years. Find the total interest he earned from scheme P and scheme Q together?
(a) 3571.2
(b) 3715.2
(c) 4232
(d) 3148
(e) 3379.2

Answer & Explanation

7. Abhinav invest Rs. (x – 2000) in scheme ‘P’ which offers 20% CI pa while Rs. (x + 2000) in scheme ‘Q’ which offers 8% SI pa. After 2 year difference between interest earn from scheme P and Q is 1600, then amount invested by Aman on scheme ‘Q’ is what percent more/less than amount invested by him on scheme ‘P’ ?
(a) 75%
(b) 400/3%
(c) 150%
(d) 50%
(e) 100/35

Answer & Explanation

8. A sum of 12000 lent in two parts one at 12% for 4 years, another at 9% for 5 year and earn a total 5640 Rs. Find the amount lent at 9%.
(a) 8000 Rs.
(b) 10,000 Rs.
(c) 4000 Rs.
(d) 9000 Rs.
(e) 3000 Rs.

Answer & Explanation

9. Raman took a loan of Rs. 15000 from Laxman. He was agreed that for the first three years rate of interest charged would be at 8% Simple Interest per annum and at 10% Compound Interest (compounded, annually) from the fourth year onwards. Ram did not pay anything until the end of the fifth year. How much would he repay if he clears the entire amount, only at the end of fifth year ? (inRs.)
(a) Rs. 22506
(b) Rs. 22105
(c) Rs. 22900
(d) Rs. 22500
(e) Rs. 22450

Answer & Explanation

10. The interest earned when Rs P is invested for four years in a scheme offering 9% p.a. simple interest is more than the interest earned when the same sum (Rs P) is invested for two years in another scheme offering 12% p.a. simple interest, by Rs 360. What is the value of P?
(a) 2000
(b) 3500
(c) 2500
(d) 4000
(e) 3000

Answer & Explanation

 

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