Banking Quantitative Aptitude Simple Interest Question Bank

done Simple Interest and Compound Interest Total Questions - 25

• question_answer1)
  A sum of Rs 7930 is divided into 3 parts and given an loan at 5% S.I. to A, B and C for 2, 3 and 4 years respect. If amounts of all three are equal of the their respective periods of loan, A received a loan of-
  A)
  Rs. 2760 done clear
  B)
  Rs. 3560 done clear
  C)
  Rs. 2660 done clear
  D)
  Rs. 3450 done clear
  E)
  Rs. 2680 done clear
  View Solution play_arrow

• question_answer2)
  A sum of Rs. 1550 was lent partly 5% and partly at 8% SI. The total interest received after 3 years is Rs. 300. The ratio of money lent at 5% to that at 8% is -
  A)
  \[15:14\] done clear
  B)
  \[15:13\] done clear
  C)
  \[16:15\] done clear
  D)
  \[5:6\] done clear
  E)
  None of these done clear
  View Solution play_arrow

• question_answer3)
  Aman invested equal sum of money at 12% per annum on compound interest and simple interest. After three years the difference between the interests is Rs. 4449.28. Find the total amount he invested.
  A)
  Rs. 11000 done clear
  B)
  Rs. 10000 done clear
  C)
  Rs. 12000 done clear
  D)
  Rs. 12100 done clear
  E)
  Rs. 15000 done clear
  View Solution play_arrow

• question_answer4)
  If the simple interest on a certain sum of money at the rate of 4% per annum for 3 years is Rs. 1875. What would be the C.I. at the same rate for the same time?
  A)
  Rs. 14950 done clear
  B)
  Rs. 1951 done clear
  C)
  Rs. 1975 done clear
  D)
  Rs. 1976 done clear
  E)
  Rs. 1900 done clear
  View Solution play_arrow

• question_answer5)
  What is the sum of money at compound interest will give interest Rs. 6238 in 3 years, if the rate of interest is 3% for the first year, 4% for the second year and 5% for the third year?
  A)
  Rs. 5000 done clear
  B)
  Rs. 10000 done clear
  C)
  Rs. 25000 done clear
  D)
  Rs. 50000 done clear
  E)
  Cannot be determined. done clear
  View Solution play_arrow

• question_answer6)
  Two partners X and Y invested their capital. X invested Rs. P at 10% per annum, Y invested Rs. (P - 4000) at the rate of 12% per annum. If they both get total compound interest Rs 6412.8 at the end of two years, then find capital invested by Y?
  A)
  16000 Rs. done clear
  B)
  12000 Rs. done clear
  C)
  10000 Rs. done clear
  D)
  14000 Rs. done clear
  E)
  18000 Rs. done clear
  View Solution play_arrow

• question_answer7)
  A sum of Rs.7000 is deposited in two schemes. One part is deposited in Scheme A which offers 8% rate of interest. Remaining part is invested in Scheme B which offers 10% rate of interest compounded annually. If interest obtained in scheme A after 4 years is Rs. 226 more than the interest obtained in scheme B after 2 years, find the part deposited in scheme B.
  A)
  Rs. 2800 done clear
  B)
  Rs. 3850 done clear
  C)
  Rs. 3580 done clear
  D)
  Rs. 3800 done clear
  E)
  None of these done clear
  View Solution play_arrow

• question_answer8)
  The difference between the compound interest and simple interest on a certain sum of money-for 3 years at \[6\frac{2}{3}\] % per annum is Rs. 184. Then find out the sum.
  A)
  Rs. 13500 done clear
  B)
  Rs. 12500 done clear
  C)
  Rs. 11500 done clear
  D)
  Rs. 10500 done clear
  E)
  None of these done clear
  View Solution play_arrow

• question_answer9)

  What will come at place of blank?

  Rs_ is invested at 12.5% compound interest. After 3 years the sum becomes Rs. 5467.5 si ?

  A)
  3840 Rs. done clear
  B)
  3520 Rs. done clear
  C)
  4080 Rs. done clear
  D)
  4250 Rs. done clear
  E)
  3675 Rs. done clear
  View Solution play_arrow

• question_answer10)
  A man spends 85% of his monthly income, and the remaining money is deposited in the savings account for 5 years and he gets a simple interest of Rs. 2160 at the rate of 12% per annum. Out of monthly expenditure, he spends 20% on rent, 15% on food. Out of the remaining he spends 50% on clothes and remaining on education. Find the 33.33% of money that is spent on food.
  A)
  1230 Rs. done clear
  B)
  1530 Rs. done clear
  C)
  1020 Rs. done clear
  D)
  640 Rs. done clear
  E)
  None of these done clear
  View Solution play_arrow

• question_answer11)
  ` 600 becomes ` 708 in 3 years at certain simple rate of interest. If the rate of interest is increased by 5% what amount will ` 600 become in 3 years?
  A)
  ` 758 done clear
  B)
  ` 798 done clear
  C)
  ` 804 done clear
  D)
  ` 850 done clear
  E)
  None of these done clear
  View Solution play_arrow

• question_answer12)
  A sum of Rs. 31500 was lent partly at 7% and partly at 11 % p.a. simple interest. The total interest received after 4 years was Rs. 12708. Find the ratio of money lent at 7% to that lent at 11%.
  A)
  \[4:25\] done clear
  B)
  \[7:29\] done clear
  C)
  \[11:25\] done clear
  D)
  \[8:27\] done clear
  E)
  \[13:27\] done clear
  View Solution play_arrow

• question_answer13)
  Arun invested a sum of money at a certain rate of S.I. for a period of 4 year. Had he invested the same sum for a period of 6 years, the total interest earned by him would have 50% more than earlier interest amount, what was the rate of interest per annum?
  A)
  4% done clear
  B)
  8% done clear
  C)
  5% done clear
  D)
  can't be determined done clear
  E)
  None of these done clear
  View Solution play_arrow

• question_answer14)
  Mukesh borrowed some money at the rate of 4 p.c.p.a for the first 3 year, at the rate of 8 p.c.p.a. for the next 2 year and at the rate of 9 p.c.p.a for the period of beyond 5 year. If he pays a total S.I. of Rs. 19550 at the end of 7 years How much money did he borrow?
  A)
  Rs. 39500 done clear
  B)
  Rs. 42500 done clear
  C)
  Rs. 41900 done clear
  D)
  Rs. 43000 done clear
  E)
  Rs. 42000 done clear
  View Solution play_arrow

• question_answer15)
  Dhoni invests two equal amounts in two banks giving 10% and 12% rate of interest respectively. At the end of the year the interest earned is Rs. 1650 /- Find the sum invested in each bank.
  A)
  Rs. 8500 done clear
  B)
  Rs. 15000        done clear
  C)
  Rs. 7500 done clear
  D)
  Rs. 17000 done clear
  E)
  None of these done clear
  View Solution play_arrow

• question_answer16)
  The simple interest accrued on a certain principal is Rs 6400 in four years at 8 p.c.p.a. What would be the C.I accrued on that principal at 2 p.c.p.a in 2 years?
  A)
  Rs 808 done clear
  B)
  Rs 750 done clear
  C)
  Rs 980 done clear
  D)
  Rs 720 done clear
  E)
  None of these done clear
  View Solution play_arrow

• question_answer17)
  What annual installment will discharge a debt of Rs. 2360 due in 4 years, at 12% p.a. simple interest?
  A)
  Rs. 400 done clear
  B)
  Rs. 500 done clear
  C)
  Rs. 600 done clear
  D)
  Rs. 300 done clear
  E)
  Rs. 700 done clear
  View Solution play_arrow

• question_answer18)
  A sum is invested for 3 years at the rate of 20% p.a. The difference between the simple interest and the compound interest on same principal is Rs. 408. Find the principal.
  A)
  Rs. 5525.5 done clear
  B)
  Rs. 2550 done clear
  C)
  Rs. 3187.5 done clear
  D)
  Rs. 3400 done clear
  E)
  None of these done clear
  View Solution play_arrow

• question_answer19)
  The simple interest accrued on an amount of Rs. 40,000 at the end of 3 years is Rs. 12000. What would be C.I. accrued on the same amount at the same rate in the same period?
  A)
  Rs. 18765 done clear
  B)
  Rs. 15350 done clear
  C)
  Rs. 21555 done clear
  D)
  Rs. 13240 done clear
  E)
  None of these done clear
  View Solution play_arrow

• question_answer20)
  The compound interest accrued on an amount of Rs. 22000 at the end of two years is Rs. 5596.8. What would be S.I. accrued on the same amount at the same rate in the same period?
  A)
  Rs. 5420 done clear
  B)
  Rs. 5360 done clear
  C)
  Rs. 5280 done clear
  D)
  Rs. 5140 done clear
  E)
  None of these done clear
  View Solution play_arrow

• question_answer21)
  Mr; Basant invested Rs. 20,000 with rate of interest at 20 p.c.p.a. If the interest was compounded half yearly for first year and in the next year it was compounded yearly. What will be the total interest earned at the end of two years?
  A)
  Rs. 8800 done clear
  B)
  Rs. 9040 done clear
  C)
  Rs. 8040 done clear
  D)
  Rs. 9800 done clear
  E)
  Rs. 9500 done clear
  View Solution play_arrow

• question_answer22)
  A sum of money Rs. 10200 is invested in 2 schemes. \[{{I}^{st}}\]scheme has offered compound interest at the rate 10% for 2 years and \[I{{I}^{nd}}\]scheme has offered S.I. at the rate 5% per annum for 6 years. From both scheme equal interest is obtained. Find the sum invested at simple interest.
  A)
  Rs. 4200 done clear
  B)
  Rs. 4800 done clear
  C)
  Rs. 6000 done clear
  D)
  Rs. 5800 done clear
  E)
  Rs. 5000 done clear
  View Solution play_arrow

• question_answer23)
  A person invested equal amounts in two schems A and B at the same rate of interest. Scheme A offers S.I. while scheme B offers compound interest. After two years he got Rs. 1920 from scheme A on interest and Rs. 2112 from scheme B. If the rate of interest is increased by 4%. What will bethe total interest after two years from both schemes?
  A)
  Rs. 4884.48 done clear
  B)
  Rs. 4888.48 done clear
  C)
  Rs. 4884.84 done clear
  D)
  Rs. 4384.48     done clear
  E)
  None of these done clear
  View Solution play_arrow

• question_answer24)
  A man has a debt of Rs. 820 which he undertakes to pay back with compound interest at the rate of 5% per annum in 2 equal yearly installments at the end of first year and second year. What is the amount of each installment? (approximately)
  A)
  Rs. 370 done clear
  B)
  Rs. 381 done clear
  C)
  Rs. 390 done clear
  D)
  Rs. 395 done clear
  E)
  Rs. 400 done clear
  View Solution play_arrow

• question_answer25)
  The compound interest accrued on an amount at the end of two years at the rate of 12% per annum is Rs. 2862. What is the amount?
  A)
  Rs. 11250 done clear
  B)
  Rs. 1220 done clear
  C)
  Rs. 13500 done clear
  D)
  Rs. 10000 done clear
  E)
  None of these done clear
  View Solution play_arrow