Compound Interest and Simple Interest Bank, SSC & Railways Exams : Set-2

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Compound Interest and Simple Interest Questions

Compound Interest and Simple Interest Questions Bank Exams 2018. Welcome to the www.letsstudytogether.co online Quant section. If you are preparing for SBI Clerk, and SBI PO exams 2017-18, you will come across a section on Quantitative Aptitude Section. Here we are providing you with Quant quiz on “Compound Interest and Simple Interest ” based on the latest pattern for your daily practice.

This “Compound Interest and Simple Interest” is also important for other banking exams such as SBI PO, IBPS Clerk, SBI Clerk, IBPS RRB Officer, IBPS RRB Office Assistant, IBPS SO, SBI SO and other competitive exams.

SI and CI Questions For Bank Exam: Set-2


1. David invested Rs 1000 in a bank that offers simple interest at the rate of 12% per annum. John invested the same amount in another bank which offers compound interest at the rate of 10%. After how many years for the first time will John get more interest than David?

A.2yr

B. 4yr

C. 5yr

D. 6yr

E. None of these

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2. The simple interest accrued on a certain amount is Rs.1800/- in three years at 20% p.a. What would be the compound interest on the same amount at the same rate of interest in two years?

A.Rs 1320

B. Rs 1440

C. Rs 1560

D. Rs 1680

E. None of these

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3. Ramesh invested certain amount of money in a savings account which offers 10% compound interest per annum for two years. If Ramesh wanted a payment of Rs 400 at the end of first year and got Rs 550 at the end of second year then what is the approximate amount of money invested by Ramesh?

A.Rs 900

B. Rs 775

C. Rs 800

D. Rs 850

E. 820

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4. A certain sum of money is invested at 16% p.a. for three years on simple interest instead of 12% p.a. for the same time period, there by interest earned is more by Rs.1440/-. What is the amount invested?

A.Rs 10500

B. Rs 12000

C. Rs 13500

D. Rs 15000

E. None of these

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5. A certain sum of money amounted to Rs 7200 at 5% in a time in which Rs 4800 amounted to Rs 6336 at rate of 8%. What is the sum in this case considering simple interest rate?

A.Rs 6500

B. Rs 6000

C. Rs 5600

D. Rs 6200

E. None of these

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6. The amount obtained on Rs. 24000 at an interest 5% compounded annually for certain period of time is Rs. 27,783. Then find the time in years?

A. 2yr

B. 3yr

C. 4yr

D. 5yr

E. 1yr

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7. At simple interest , an amount of money invested becomes Rs. 17472 in 3 years and Rs. 21356 in 7 years. Find the money invested?

A.Rs 14595

B. Rs13652

C. Rs 14559

D. Rs 15562

E. Rs. 16751

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8. Mr. Raghunathan invested two different amounts in two different stocks, Stock P and Stock Q. Stock P assures return at 12% simple interest while stock Q assures return at 10% compound interest compound annually. After two years Mr. Raghunathan received Rs.3600 as interest from Stock P. If total amount invested in the two stocks was Rs. 35000, what was the interest received by him from Stock Q after two years?

A. Rs 4200

B. Rs 4500

C. Rs 4800

D. Rs 5400

E. Rs. 5600

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9. The compound interest on a sum in 2 years is Rs. 4080. If the simple interest on the same sum at same interest rate for same duration is Rs. 4000, find the value of rate of interest and sum.

A.Rate of Interest: 4%, Sum: Rs. 40000

B. Rate of Interest: 6%, Sum: Rs. 50000

Rate of Interest: 4%, Sum: Rs. 40000

D. Rate of Interest: 4%, Sum: Rs. 50000

E.Rate of Interest: 5%, Sum: Rs. 55000

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10.A person invested two different amounts in two different plans. One of the plans returns 10% compound interest per annum (compounded annually) and the other plan returns 10% simple interest per annum. If the total compound interest earned in two years from the former plan is equal to the simple interest earned in fours in latter plan, what was the respective ratio of amounts invested in the two plans?

A. 4 : 3

B. 40 : 21

C. 40 : 13

D. 41 : 11

E. 33 : 4

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SBI Clerk 2018 | Railway RRB ALP & Group D | NABARD Grade A Study Material

S. No. Exams Direct Links
1. SBI Clerk 2018 Click Here
2. Railway RRB ALP & Group D 2018 Click Here
3. NABARD Grade A Study Material 2018 Click Here

 

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