SI & CI Questions Answers MCQ
Simple Interest and Compound Interest Questions Bank Exams 2018. Welcome to the www.letsstudytogether.co online Quant section. If you are preparing for SBI Clerk, and SBI PO, SSC, Railways exams 2017-18, you will come across a section on Quantitative Aptitude Section. Here we are providing you with Quant quiz on “SI & CI Questions Answers MCQ ” based on the latest pattern for your daily practice.
This “SI & CI Questions Answers MCQ ” 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 & CI Questions Answers MCQ For IBPS Exam: Set-3
1. A person invests some amount at 5% per annum and another amount at 9% per annum. If two-third of the first amount is equal to the four-fifth of the second amount, and total interest earned in 2 years is Rs. 2070, what was the total sum invested?
A. Rs 18000
B. Rs 17500
C. Rs 15180
D. Rs 15240
E. Rs. 16320
2. Shikha invested a total of Rs. 1500 in two different schemes offering simple interest of 6% and 4% respectively. In two years time, the scheme offering higher interest rate gives Rs. 100 more interest than the scheme offering the lower rate. What was the ratio of amount invested at higher interest rate to the other amount?
A. 4 : 15
B. 11 : 4
C. 4 : 11
D. 15 : 11
E. 11 : 15
3. An amount is invested in two schemes, Scheme-A and Scheme-B. Ratio of investment in A to that of B is 17:8. Scheme-A gives interest after 2 years at 10% compound interest while Scheme-B gives interest after 2 years at 21% simple interest. What will be the ratio of interest earned through Scheme-A to that of SchemeB?
A. 8 : 17
B. 16 : 17
C. 17 : 16
D. 17 : 4
E. 17 : 8
4. `24. James and Paul together borrowed Rs. 10,000 from Scarlet. James borrowed the money at 15% simple interest while Paul borrowed the money at 18% simple interest. After 2 years both of them returned the money to scarlet with interest. It was found that the interest returned by James was Rs. 360 more than that of Paul. How much money did James borrow from Scarlet?
A. Rs 4500
B. Rs 2500
C. Rs 6000
D. Rs 4000
E. Rs. 7500
5. The compound interest on a certain amount of money for 1 year, compounded half yearly is Rs. 144 more than the simple interest on the same amount of money at same rate of interest and for same time period. If, the rate of interest is 12% per annum what is the principal amount?
A. Rs 20000
B. Rs 36000
C. Rs 45000
D. Rs 40000
E. Rs. 50000
6. Raghav invested Rs. 5000 in each of the two schemes, A and B. Scheme A matures in 3 years and gives 10% compound interest, compounded yearly while Scheme B matures in 4 years and gives 10% simple interest. What would the total amount received by Raghav on maturity from the two schemes?
A. Rs 14500
B. Rs 11500
C. Rs 12555
D. Rs 13655
E. Rs. 14555
7. A man possessing Rs. 8000, lent a part of it at 10% simple interest and the remaining at 6% simple interest. His income after 4.5 years is Rs. 2880. Find the income generated by the sum lent at 10% at the end of 2 years.
A. Rs 800
B. Rs 900
C. Rs 1200
D. Rs 1350
E. Rs. 1400
8. A money-lender gives Rs. 9600 to ‘A’ for 4 years and Rs. 16000 to ‘B’ for 5 years both at same rate of interest. Find the rate of interest (same for both A and B) per annum if the moneylender gets Rs. 9472 as total interest combined from both?
A. 9.5 %
B. 9 %
C. 6.5 %
D. 8 %
E. 7.5 %
9. A person invests a principal of Rs.18000 for a period of 2 years at 10% interest, compounded annually, and the resulting amount for a further 3 years at 5% p.a. simple interest. Another person invests a principal of Rs.22000 for 2 years at 10% p.a compound interest compounded annually and the resulting amount for a further 3 years at 5% p.a simple interest. What is the difference in the interest earned on the principal by the two persons?
A. Rs 1906
B. Rs 2200
C. Rs 1566
D. Rs 1542
E. None of these
10. A sum of Rs.25000 is initially invested at a rate of 8% p.a. simple interest for ‘y’ years and then the entire amount obtained is re-invested at 10% p.a. compound interest for two years. The compound interest obtained after ‘y + 2’ years is Rs.1990 less than the interest obtained when, a sum of Rs.13600 at 12.5% p.a. simple interest is invested for ‘y+2’ years. What is the simple interest obtained on the sum of Rs.25000?
A. Rs 5750
B. Rs 6800
C. Rs 6000
D. Rs 54000
E. None of these
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