**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 Â¼ %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

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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:)

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