Simple Interest questions for preparation of bank exams. Make these simple questions to prepare for Canara Bank exam preparation. Use these solved questions and answers for bank exam preparation.

1. A man borrowed some amount, after 3 years he paid Rs.10,400/- with 10% interest, then how much Amount he borrowed?

A.) Rs.7000/- B.) Rs.8000/-

C.) Rs.9000/- D.) Rs.1000/-

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.5000/- at 12% p.a, for 2 years?

A.) Rs.1300/- B.) Rs.1400/-

C.) Rs.1200/- D.) Rs.1000/-

4. Find simple interest on Rs.6000/- at 10% p.a. for 2years 3 months?

A.) Rs.1350/- B.) Rs.1250/-

C.) Rs.2350/- D.) None of these

5. In how many years will sum of Rs 4000 yield an interest of Rs.1080/- at 9% p.a?

A.) 1 year B.) 3 years

C.) 4 years D.) 2 years

6. 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

7. The borrow taken by a man, for every 6 years it will be 3 times, then how much time it will be taken For 8 times:

A.) 20years B.) 21years

C.) 22years D.) 25years

8. A borrow taken by a man, for every 5 years it will be doubled, then how much time it will be taken

A.) 12years B.) 13years

C.) 15years D.) 16years

9. 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/-

10. At what rate of percent per annum will a sum of money double in 8 years?

A.) 13 ¼% B.) 12 ½%

C.) 11 ½% D.) None of these

Answers :

1. B 2. B 3. C 4. A 5. B

6. C 7. B 8. C 9. B 10. B

1. A man borrowed some amount, after 3 years he paid Rs.10,400/- with 10% interest, then how much Amount he borrowed?

A.) Rs.7000/- B.) Rs.8000/-

C.) Rs.9000/- D.) Rs.1000/-

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.5000/- at 12% p.a, for 2 years?

A.) Rs.1300/- B.) Rs.1400/-

C.) Rs.1200/- D.) Rs.1000/-

4. Find simple interest on Rs.6000/- at 10% p.a. for 2years 3 months?

A.) Rs.1350/- B.) Rs.1250/-

C.) Rs.2350/- D.) None of these

5. In how many years will sum of Rs 4000 yield an interest of Rs.1080/- at 9% p.a?

A.) 1 year B.) 3 years

C.) 4 years D.) 2 years

6. 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

7. The borrow taken by a man, for every 6 years it will be 3 times, then how much time it will be taken For 8 times:

A.) 20years B.) 21years

C.) 22years D.) 25years

8. A borrow taken by a man, for every 5 years it will be doubled, then how much time it will be taken

A.) 12years B.) 13years

C.) 15years D.) 16years

9. 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/-

10. At what rate of percent per annum will a sum of money double in 8 years?

A.) 13 ¼% B.) 12 ½%

C.) 11 ½% D.) None of these

Answers :

1. B 2. B 3. C 4. A 5. B

6. C 7. B 8. C 9. B 10. B

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