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

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Simple Interest Problems for Karur Vysya Bank Exams

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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Simple Interest Question and Answers for Canara Bank Exams

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

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Simple Interest calculation questions for SBI Bank Exams for PO post

Simple Interest related aptitude questions for SBI bank exams. Simple interest calculation formula for bank exams. Easy tricks to calculate simple interest.

1. How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
A.     3.5 years
B.     4 years
C.     4.5 years
D.     5 years

2. A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest?
A.     3%
B.     4%
C.     5%
D.     6%
E.     None of these

3. A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest?
A.     3.6%
B.     4.5%
C.     5%
D.     6%
E.     None of these

4. A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6 1/4 p.a for 2 years. Find his gain in the transaction per year.
A.     Rs. 112.50
B.     Rs. 125
C.     Rs. 150
D.     Rs. 167.50

5. What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years?
A.     1 : 3
B.     1 : 4
C.     2 : 3
D.     Data inadequate
E.     None of these

6. Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?
A.     Rs. 6400
B.     Rs. 6500
C.     Rs. 7200
D.     Rs. 7500
E.     None of these

7. An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes:
A.     10%
B.     10.25%
C.     10.5%
D.     None of these

8. A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:
A.     Rs. 650
B.     Rs. 690
C.     Rs. 698
D.     Rs. 700

9. A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is the sum?
A.     Rs. 4462.50
B.     Rs. 8032.50
C.     Rs. 8900
D.     Rs. 8925
E.     None of these

10. A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was:
A.     Rs. 2000
B.     Rs. 10,000
C.     Rs. 15,000
D.     Rs. 20,000


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

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