Compound Interest related Aptitude Questions for Punjab National Bank

Compound Interest related aptitude questions for Punjab National Bank. Punjab National Bank previous year question papers with solved answers. Solved question papers for punjab national bank Po clerk exams.

1. What will be the compound in terest accrued on a principal of Rs. 32,500 at   the rate of 5 p.c.p.a.
after a period of 2 years ?
(1) Rs. 3332.78   (2) Rs. 3335.35    (3)Rs. 3333.27   (4)Rs. 3331.25    (5) None of these

2. What would be the compound interest obtained on an amount  Rs. 4.000 at the rate of 12 p.c.p.after 2 years ?
(1) Rs.1,019.5   (2) Rs. 1,017.6     (3)Rs. 1,013.4     (4) Rs. 1,016.8      (5) None of these

3. What will be the compound interest accrued on a principal amount of  Rs. 12000 at the rate
of 4 p.c.p.a. after a period of 2 years ?
(1) Rs. 971.5   (2) Rs. 973.4    (3) Rs. 979.2    (4) Rs. 975.9      (5) Rs. 61

4. The simple interest accrued on a sum of certain principal is Rs.2,000 in five years at the rate of 4 p.c.p.a. What would be the compound interest accrued on same principal at same rate in two years ?
(1) Rs. 716        (2)Rs. 724          (3) Rs. 824           (4) Rs. 816              (5) None of these

5. The simple interest accrued on a sum of certain principal is 6500 in eight years at the rate of 13 per cent per year What would be the compound interest  accured on that principal at the rate  of 8 per cent per year in 2 years?
(1)Rs. 1040          (2) Rs. 1020       (3) Rs. 1060          (4) Rs. 1200           (5) None of these

6. The simple interest accrued on a sum of certain principal is % 7,200 in six years at the rate of 12 p.c.p.a. What would be the compound interest accrued on that principal at the rate of 5 p.c.p.a. in.2 years?
(1) Rs. 1,020           (2) Rs. 1,055            (3)Rs. 1,050             (4) Rs. 1,025           (5) None of these

7. Mr Mehra invests an amount of Rs 18,000 to obtain a simple interest at the rate of 15 p.c.p.a. for 6 years. What total amount will Mr Mehra get at the end of 6 years?
1) Rs 33,500        2) Rs 35,000       3) Rs 34,000     4) Rs 34,200       5) None of these

8. What will be the simple interest earned on an amount of Rs 988 @ 18 p.c.p.a. at the end of 5 years?
1) Rs 711.36        2) Rs 898.2        3 )Rs 799.25       4) Rs 805.40        5) None of these

9. Manish borrowed a sum of Rs 1,150 from Anil at the simple rate of 6 p.c.p.a. for 3 years. He then added some more money to the borrowed sum and lent it to Sunil for the same time at 9 p.c.p.a. at simple interest. If Manish gains Rs 274.95 by way of interest on the borrowed sum as well as his own amount from the whole transaction, then what is the sum lent by him to Sunil?
l)Rs 1,290        2)Rs 1,785       3)Rs 1,285      4)Rs 1,200      5) None of these

10. The simple interest accrued on an amount of Rs 84,000 at the end of three years is Rs 30,240. What would be the compound interest accrued on the same amount at the same rate in the same period?
1)Rs 30,013.95        2)Rs 31,013.95       3)Rs 32,013.95      4)Rs 33,013.95        5) Rs 34,013.95

Read More

Simple Interested related Question Papers for Federal Bank Exams

Simple interest and compound interest problems to prepare for federal bank exams. Solved question papers for federal bank exams and IBPS online bank exams.

1. The simple interest accrued in 3 years on a principal of Rs. 25,000 is three-twentieth of the principal.
What is the rate of simple interest p.c.p.a. ?
(1) 5     (2) 4     (3) 6      (4) 3       (5) None of these

2. The simple interest accrued in 8 years on a principal of Rs.20.000 is one tenth the principal.
What is the rate of simple interest p.c.p.a.?
(1) 1.15    (2) 2.25     (3) 1.25  (4) 2.75     (5) None of these

3. What approximate amount of compound interest can be obtained on an amount of Rs 4,890 at the rate of 5 p.c.p.a. at the end of two years?
1)Rs 452       2 )Rs 489       3)Rs 515        4)Rs 520        5)Rs 501

4. If the difference between the simple interest and compound interest earned on an amount @ 15 p.c.p.a. at the
end of 3 years is Rs 595.35, what is the amount?
1) Rs 8,400    2) Rs 9,200       3) Rs 6,800      4) Cannot be determined   5) None of these

5. What will be the difference between the simple interest and compound interest earned on a sum of  Rs 985 @ 14 p.c.p.a. at the end of two years?
1) Rs 16.408        2) Rs 14.214     3)Rs 19.218      4) Rs 17.405        5) None of these

6. What approximate compound interest can be obtained on an amount of Rs 3,980 after 2 years at 8 p.c.p.a.?
1)Rs 650       2)Rs 680       3)Rs 600        4)Rs 590       5)Rs 665

7. The simple interest accrued on an amount of Rs 15,500 at the end of three years is Rs 5,580.
What would be the compound interest accrued on the same amount at the same rate in the same period?
1) Rs 6726.348          2) Rs 6276.384        3) Rs 6267.834       4) Rs 6627.438          5) None of these

8. What will be the compound interest accrued on an amount of Rs 16,500/- @ 14 p.c.p.a. at the end of three years?
1)Rs 7945.476            2)Rs 6825.281           3)Rs 7022.415   4)Rs 6928.114    5)None of these 

9. Suresh invested a sum of Rs.15000 at 9 per cent per annum simple interest and Rs.12000 at 8 per cent per annum
compound interest for period of 2 years. What amount of interest did Suresh earn in 2 years?
1.Rs.4096.96          2.Rs.4696.80      3.4896.60      4.4698.60      5.none of these

10. The simple interest accrued in 2 years on a principal of Rs. 24,000 is one-eighth of the principal.
What is the rate of simple interest p.c.p.a. ?
(1)5            (2)4.5     (3) 6.25    (4) 7.25    (5) None of these

Read More

Prepare for Bank Exams with these Compound Interest Aptitude Problems

Compound Interest problems with answers to prepare for major bank exams. Use these solved compound interest problems for preparing of State Bank of Mysore Bank exams.

1. A sum amounts to Rs. 882 in 2 years at 5% compound interest. The sum is
A. Rs. 800
B. Rs. 822
C. Rs. 840
D. Rs. 816

2. Simple interest on a certain sum of money for 4 years at 5% per annum is half the compound interest on Rs. 3000 for 2 years at 10% per annum. The sum placed on simple interest is:
A. Rs.1575
B. Rs. 2200
C. Rs. 1200
D. Rs. 1625

3. What will be the compound interest on a sum of Rs. 40,000 after 3 years at the rate of 11 p.c.p.a.?
A. Rs. 14705.24
B. Rs. 14602.25
C. Rs. 14822.26
D. Rs. 14322.10

4. Andrews earns an interest of Rs. 1596 for the third year and Rs. 1400 for the second year on the same sum. Find the rate of interest if it is lent at compound interest.
A. 12%
B. 13%
C. 14%
D. 15%

5. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum is
A. Rs.600
B. Rs.645
C. Rs.525
D. Rs.625

6. The difference between simple interest and compound on Rs. 2400 for one year at 10% per annum reckoned half-yearly is:
A. Rs. 4
B. Rs. 6
C. Rs. 3
D. Rs. 2

7. On a sum of money, the simple interest for 2 years is Rs. 320, while the compound interest is Rs. 340, the rate of interest being the same in both the cases. The rate of interest is:
A. 15%
B. 14.25%
C. 12.5%
D. 10.5%

8. Divide Rs. 3364 between A and B, so that A's Share at the end of 5 years may equal to B's share at the end of 7 years, compound interest being at 5 percent.
A. Rs. 1764 and Rs.1600
B. Rs. 1756 and Rs.1608
C. Rs. 1722 and Rs.1642
D. None of these

9. The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?
A. 9%
B. 12%
C. 8%
D. 6%

10. The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:
A. 6.07%
B. 6.08%
C. 6.06%
D. 6.09%


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

Read More

Compound Interest Problems for IDBI Bank Exams

Prepare for IDBI bank exams with these simple, tough compound interest problems. Aptitude related to compound interest for bank exams.

1. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:
A.     625
B.     630
C.     640
D.     650

2. What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly and half-yearly?
A.     Rs. 2.04
B.     Rs. 3.06
C.     Rs. 4.80
D.     Rs. 8.30

3. What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?
A.     Rs. 9000.30
B.     Rs. 9720
C.     Rs. 10123.20
D.     Rs. 10483.20
E.     None of these

4. The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:
A.     3
B.     4
C.     5
D.     6

5. The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:
A.     6.06%
B.     6.07%
C.     6.08%
D.     6.09%

6. If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?
A.     Rs. 51.25
B.     Rs. 52
C.     Rs. 54.25
D.     Rs. 60

7. The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?
A.     8
B.     10
C.     12
D.     Cannot be determined
E.     None of these

8. The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is:
A.     Rs. 400
B.     Rs. 500
C.     Rs. 600
D.     Rs. 800

9. A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:
A.     Rs. 120
B.     Rs. 121
C.     Rs. 122
D.     Rs. 123

10. The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:
A.     2
B.  2 1/2
C.     3
D.     4

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

Read More