*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 ?

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?

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)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?

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)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)?

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

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

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.

every year and then lent that amount at an interest of 10 percent compounded

annually. Find the amount after 3 years.

**(IBPS**

Clerk 2015)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?

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)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

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?

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:

- B
- D
- B
- D
- C
- C
- A
- B
- B
- A

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Solutions:

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10.

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