Simple Interest/Compound Interest Questions for IBPS PO, SBI PO, NIACL, NICL, LIC, Dena Bank PO PGDBF, BOI, Bank of Baroda and other competitive exams

- Reena is borrowed a sum of RS. 6000 from Raveena at the rate of 14% for 2 years. She then added some more money to the borrowed sum and lent it to Sameera at the rate of 18% of simple interest for the same time. If Reena gained Rs. 650 in the whole transaction , then what sum did he lend to Sameera?

A) Rs.6427.12

B) Rs.8015.41

C) Rs.6472.22

D) Rs.7541.2

E) Rs.6758.2

- The rate of interest on a sum of money is 4% per annum for the first 2 years , 6% per annum for the period next 4 years, 8% per annum for the period beyond 6 years.If the simple interest accrued by the sum for a total period of 9 years is Rs. 1680 ,what is the sum ?

A) Rs.3000

B) Rs.5000

C) Rs.4700

D) Rs.5500

E) Rs.7580

- The simple interest on a certain sum for 2 years at the rate of 5% per annum is Rs.160. What would be the difference of compound interest and simple interest for the same period and at the same rate of interest?

A) Rs.2

B) Rs.10

C) Rs.6

D) Rs.4

E) Rs.8

- What is the difference between CI and SI ,if sum is Rs.10,000 for 3 years at the rate of 3%?

A) Rs.42

B) Rs.30

C) Rs.27.27

D) Rs.35

E) Rs.25

- Arjun lent out a sum of money at compound interest rate of 30% per annum for 2 years .It would fetch Rs. 500 more if interest is compounded half –yearly.

A) Rs.8000

B) Rs.8041.12

C) Rs.8145

D) Rs.8457.2

E) Rs.8333.33

- At what rate of % per annum will Rs.2304 amount to Rs. 2500 in 2 years compounded annually.

A) 5.2%

B) 4.16%

C) 3.45%

D) 4.5%

E) 3.2%

- The ratio of the amount for 2 years under compound interest annually and for 1 year under simple interest is 5:4 when the rate of interest is same then find the rate of interest?

A) 20%

B) 25%

C) 60%

D) 30%

E) 40%

- Anu borrowed Rs.800 at rate of interest 10% . He repaid Rs.400 at the end of first year.What is the amount required to repay at the end of second year to discharge his loan which was calculated at compound interest?

A) Rs.650

B) Rs.528

C) Rs.490

D) Rs.780

E) Rs.472

- Sahil has lent some money to Anita at 6% per annum and Sheetal at 8% per annum. At the end of the year he has gain the overall interest at 7% per annum.In what ratio has he lent the money to Anita and Sheetal?

A) 3:8

B) 1:2

C) 2:5

D) 1:1

E) 4:5

- What is the ratio of the simple interest earned by certain amount for 4 years and 8 years at the same rate of interest?

A) 3:2

B) 2:1

C) 1:2

D) 4:3

E) 3:5

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Dear sir

Please explain the logic of question 7

P[1 +(r/100)]^2 / P[1 + (r/100)]^1 = 4/5

1 + (r/100) = 4/5

r/100 = 1/4

r=25%

6th me 24 kse aya

i’m also thinking the same

2304………… 2500

1156…………1250

576…………625

24…………..25

diff.

25-24=1

Therefore,

(1/24)*100= 25/6= 4.16%.

when we’re taking ratio to fir square kaise le lia,? ye logic samjh nahi hai, mtlab

jab hm log ratio niklte to both side ko same value de divide karte h na ki square lenege

576:625 ye value same digit se divide nhi hogi

Yes

But shortcut is being used here, we can do like this

Shortcut::

2304 == 2500

576 == 625

Take square roots

24 == 25

diff. = 1

= (1/24) * 100 = 4.16%

2304………… 2500

1156…………1250

576…………625

24…………..25

diff.

25-24=1

Therefore,

(1/24)*100= 25/6= 4.16%

Got it thanks

..

2304………… 2500

48 (root) 50 (root)

2/48=4.16

1st mein 6472.22 kaise aa rha?

pura solve kariye khud se

x(18/100)*2 – 6000*(14/100)*2 = 650

0.36x – 1680 = 650

0.36x= 2330

x = 2330/0.36

x= 6472.22

thanks, got it, galti kr rha tha main

Isn’t it compounded??? But in question it’s si

yes take SI

SI and CI for 1st year are same na

so u can take any, it wont affect answer

Logic is simple first year simple and compound interest are equal.and second if rate is equal we earn money more than on the first years simple interest.

ty

9/10

please explain no. 8.. my answer comes 616.

Amount paid at the end of 2 year = (800*10*2)/100 + 800 = 960

Amount left as principal for the second year = 560

Amount to be paid after 2nd year = (560*10)/100 +560 = Rs.616

will count for 1 year = (800*10*1)/100+800 = 880

why 1 year?? we are to find out Amount paid at the end of 2 year, right?

400 Rs is paid after a year

so 1st we will find for 1 year which is 880 the

880-400 = 480 is principal for 2nd year

thank u.

Thanks Banya Ma’am :))

10/10 ty az

tq mam

ty az:)