Hello and welcome to exampundit. For IBPS Clerk Exam 2017, we are going to provide Chapterwise Quantitative Aptitude Quiz from the Previous Year Papers. Today we are sharing Simple & Compound Interest Problems.


1. What will be the difference between the interest accrued on a sum of ₹ 4500 at 12% per annum for 2 years and that on a sum of ₹ 5600 at 9% per annum for 2 years ? (Corporation Bank SO 2014)
(a) ₹ 75
(b) ₹ 72
(c) ₹ 69
(d) ₹ 76
(e) None of these


2. Arun invested a sum of money at a certain rate of simple interest for a period of four years. Had he invested the same sum for a period of six years, the total interest earned by him would have been fifty per cent more than the earlier interest amount. What was the rate of interest per cent per annum? (IBPS RRB OA 2015)
(a) 4
(b) 8
(c) 5
(d) Cannot be determined
(e) None of these



3. The compound interest earned by Suresh on a certain amount at the end of two years at the rate of 8 p.c.p.a. was ₹ 1414.40. What was the total amount that Suresh got back at the end of the two years in the form of principal plus interest earned?  (IBPS RRB OA 2015)
(a) ₹ 9414.40
(b) ₹ 9914.40
(c) ₹ 9014.40
(d) ₹ 8914.40
(e) None of these



4. A certain sum is invested for T years. It amounts to ₹ 400 at 10% per annum. But when invested at 4% per annum, it amounts to ₹ 200. Find the time (T)? (IBPS Bank Clerk 2015)
(a) 39 years
(b) 41 years
(c) 45 years
(d) 50 years
(e) None of these




5. If the difference between the simple interest and compound interests on some principal amount at 20% for 3 years is ₹ 48, then the principal amount is (IBPS Bank Clerk 2015)
(a) 636
(b) 650
(c) 375
(d) 400
(e) None of these

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6. Rakesh invests ₹ 12000 as fixed deposit at a bank at the rate of 10% per annum SI. But due to some pressing needs he has to withdraw the entire money after 3 years, for which the bank allowed him a lower rate of interest. If he gets ₹ 3320 less than what he would have got at the end of 5 years, the rate of interest allowed by the bank is (IBPS Clerk 2015)
(a) 68/9%
(b) 64/9%
(c) 67/9%
(d) 61/9%
(e) None of these



7. Riya saves an amount of 500 every year and then lent that amount at an interest of 10 percent compounded annually. Find the amount after 3 years. (IBPS Clerk 2015)
(a) 1820.5 (b) 1840.5
(c) 1920.5 (d) 1940.5
(e) None of these


8. A person invested part of ₹ 45000 at 4% and the rest at 6%. If his annual income from both are equal, then what is the average rate of interest? (SBI Clerk 2015)
(a) 4.6%
(b) 4.8%
(c) 5.0%
(d) 5.2%
(e) None of these



9. If the rate of interest is 10% per annum and is compound half-yearly, then the principle of ₹ 400 in 3/2 years will amount to (SBI Clerk 2015)
(a) ₹ 463.00
(b) ₹ 463.05
(c) ₹ 463.15
(d) ₹ 463.20
(e) None of these



10. What will be the difference between simple interest and compound interest at 4% per annum on a sum of ₹5000 after 3 year? (IBPS SO 2015)
(a) ₹ 24.32
(b) ₹ 28.56
(c) ₹ 32.48
(d) ₹ 36.18
(e) None of these


Answer:

  1. B
  2. D
  3. B
  4. D
  5. C
  6. C
  7. A
  8. B
  9. B
  10. A

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Solutions:
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