Simple Interest/Compound Interest Questions for IBPS PO, SBI PO, NIACL, NICL, LIC, UICL, Bank of Baroda and other competitive exams.
- Out of a sum of Rs 850, a part was lent at 6% SI and the other at 12% SI. If the interest on the first part after 2 years is equal to the interest on the second part after 4 years, then the second sum is
A) Rs350
B) Rs280
C) Rs170
D) Rs220
E) None
- A sum of Rs. 550 was taken as a loan. This is to be paid back in two equal installments. If the rate of interest be 20% compounded annually, then the value of each installment is :
A) Rs360
B) Rs280
C) Rs250
D) Rs320
E) None
- A certain sum of money amounts to Rs.1300 in 2 years and to Rs. 1525 in 3.5 years. Find the sum and the rate of interest.
A) Rs850, 10%
B) Rs900, 12%
C) Rs800, 13%
D) Rs1000,15%
E) None
- The simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:
A) Rs1800
B) Rs1750
C) Rs2000
D) Rs1655
E) None
- A Woman took a loan of Rs. 15,000 to purchase a mobile. She promised to make the payment after three years. The company charges CI at 20% per annum for the same. But, suddenly the company announces the rate of interest as 25% per annum for the last one year of the loan period. What extra amount she has to pay due to the announcement of new rate of interest?
A) Rs1230
B) Rs1135
C) Rs1080
D) Rs1100
E) None
- The ratio of the amount for two years under compound interest annually and for one year under simple interest is 6:5. When the rate of interest is same, then the value of rate of interest is:
A) 20%
B) 15%
C) 18%
D) 22%
E) None
- An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes:
A) 9.5%
B) 8%
C) 10.25%
D) 10%
E) None
- A person borrows Rs. 3000 for 2 years at 5% p.a. simple interest. He immediately lends it to another person at 6 ¼ %p.a for 2 years. Find his gain in the transaction per year.
A) Rs42
B) Rs39.25
C) Rs35
D) Rs37.5
E) None
- If the difference between CI and SI earned on a certain amount at 20% pa at the end of 3 years is Rs.640, find out the principal.
A) Rs5500
B) Rs6500
C) Rs4500
D) Rs5000
E) None
- If the simple interest on a certain sum of money is 4/25 of the sum and the rate per cent equals the number years, then the rate of interest per annum is:
A) 4%
B) 5%
C) 8%
D) 10%
E) None
Click here for Quantitative Aptitude Questions
ty:))
9/10 ty mam:))
bro plz explain 2nd one
Installment for CI has a rule..let x be amount paid in installment..then
P=x/(1+r/100)+x/(1+r/100)2..
For 2 years..now put formula and get answer..
ty mam:)
To the aspirantszone.com webmaster, Thanks for sharing your thoughts!
Dear aspirantszone.com webmaster, Thanks for the post!
Hello aspirantszone.com webmaster, Your posts are always well-formatted and easy to read.
Hi aspirantszone.com administrator, Your posts are always well-formatted and easy to read.
Hello aspirantszone.com admin, Your posts are always well researched.
Hi aspirantszone.com administrator, Your posts are always a great source of information.
Hi aspirantszone.com webmaster, Your posts are always a great read.
Hello aspirantszone.com owner, Great content!
Dear aspirantszone.com owner, Great job!
Hi aspirantszone.com owner, Thanks for the well-presented post!
Hello aspirantszone.com administrator, Your posts are always informative.
Dear aspirantszone.com admin, Thanks for the well-researched and well-written post!
Hi aspirantszone.com owner, Your posts are always a great source of knowledge.
Hello aspirantszone.com admin, Your posts are always well organized and easy to understand.
Hi aspirantszone.com webmaster, Your posts are always well researched and well written.
Dear aspirantszone.com admin, Nice post!
To the aspirantszone.com admin, You always provide great examples and case studies.
Dear aspirantszone.com admin, Your posts are always on topic and relevant.
To the aspirantszone.com administrator, You always provide clear explanations and step-by-step instructions.
To the aspirantszone.com admin, You always provide clear explanations and definitions.
Dear aspirantszone.com admin, Thanks for the informative and well-written post!
Dear aspirantszone.com webmaster, Thanks for the well-researched and well-written post!
Hi aspirantszone.com owner, You always provide key takeaways and summaries.
Dear aspirantszone.com owner, Thanks for the educational content!
Hi aspirantszone.com admin, You always provide helpful information.
To the aspirantszone.com owner, Keep the good content coming!
Hi aspirantszone.com administrator, Keep sharing your knowledge!
Hello aspirantszone.com administrator, Good to see your posts!
To the aspirantszone.com administrator, Your posts are always well-structured and logical.
Excellent post. I was checking continuously this blog and I’m impressed!
Very useful information specially the last part 🙂
I care for such information a lot. I was looking for this particular info for a long time.
Thank you and good luck.
Good day! I just wish to give you a big thumbs up for the great info
you have got here on this post. I am returning to your web site for more soon.
Hi aspirantszone.com owner, Your posts are always well-supported by facts and figures.
It’s going to be end of mine day, except before ending I am reading this enormous paragraph to
increase my experience.
Asking questions are truly pleasant thing if you are not understanding
anything fully, but this paragraph gives pleasant understanding even.