Thursday, 25 August 2016

Simple Interest Problems for Karur Vysya Bank Exams

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Simple Interest related aptitude questions for preparing for bank questions. Prepare for bank exams for Karur Vysya Bank with these simple interest problems.

A person took some amount with some interest for 2 years, but increase the interest for 1%, he paid Rs.120/- extra, then how much amount he took?
A.) Rs.5500/-     B.) Rs.6000/-
C.) Rs.4000/-     D.) Rs.7000/-

2. A borrow took by a man, for every 5 years it will be doubled, then what is the rate of the interest?
A.) 15%     B.) 20%
C.) 22%     D.) 23%

3. Find simple interest on Rs.4000/- at 15% p.a. for 9months?
A.) Rs.350/-     B.) Rs.450/-
C.) Rs.125/-     D.) Rs.175/-

4. Find the principle, interest on Rs.900/- at 6% p.a. for 3 years?
A.) Rs.5000/-     B.) Rs.4500/-
C.) Rs.3500/-     D.) Rs.2200/-

5. If the simple interest on Rs.400 for 3 years is Rs.4000/-, what is the rate of interest percent per annum?
A.) 4 1/3%     B.) 3 1/4%
C.) 3 1/3%     D.) None of these

6.  A borrow took by a man, for every 8 years it will be 3 times, then what is the rate of the interest?
A.) 15%     B.) 20%
C.) 25%     D.) 28%

7. An employ sell a t.v for Rs.9000/- with 10% simple interest for 5 years on an installment basis. Then How much amount he paid for each installment?
A.) Rs.1200/-     B.) Rs.1500/-
C.) Rs.1400/-     D.) Rs.1350/-

8.  In how many years will sum of Rs.6000/- yield an interest of Rs.1200/- at 8% p.a?
A.) 2 1/2years     B.) 2 years
C.) 1 1/2years     D.) 3years

9. Simple interest on a certain sum 16/25 of the sum. if both the rate of interest and time are same. then what is the rate of interest?
A.) 7%     B.) 8%
C.) 16%     D.) 21%

10. A man took some money for borrowed, for 3 years the total will be Rs.4000 and 5 years it will be Rs.5000/-. Then how much amount he borrowed?
A.) Rs.500/-     B.) Rs.1500/-
C.) Rs.2500/-     D.) Rs.1000/-

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