2. Sample Papers
  3. Banking

Banking Sample Paper SBI PO (Main) Sample Test Paper-6

  • question_answer
    Direction: Study the following table carefully to answer the questions given below:
    Name Nature of Interest Principal Amount Year Rate (%)
    M Compound Rs.10000 4
    N Simple Rs.29500 3
    O Compound Rs.20000 2 3
    P Simple 4
    Q Compound 5 2
    If the ratio of principal of O to that of P is 4 : 5 and the rate of interest of P is 10% more than that of O, then what is the interest of P?

    A)  Rs.3300                       

    B)  Rs.142       

    C)  Rs.3201                       

    D)  Rs.2890       

    E)  Rs.2750

    Correct Answer: A

    Solution :

     Principal of \[P=\frac{5}{4}\times 20000=25000\] New rate of interest \[=3+\frac{3\times 10}{100}=3.3\] Now, interest of \[P=\frac{25000\times 3.3\times 4}{100}=\]Rs. 3300


You need to login to perform this action.
You will be redirected in 3 sec spinner