Simple & Compound Interest Quiz for IBPS PO / SBI PO 2017

Q1. The simple interest accrued on a sum of certain principal is Rs. 1200 in 4 yr at the rate of 8% p.a. What would be the simple interest accrued on thrice of that principal at the rate of 6% p.a. in 3 yr?  
(a) Rs. 2025
(b) Rs. 3025
(c) Rs. 2250
(d) Rs. 2150
(e) None of these 

Q2. The simple interest accrued on an amount of Rs. 2500 at the end of 6 yr is Rs. 1875. What would be the simple interest accrued on an amount of Rs. 6875 at the same rate and same period?   
(a) Rs. 4556.5
(b) Rs. 5025.25
(c) Rs. 4895.25
(d) Rs. 5245.5 
(e) None of these  

Q3. Srinivasan invests two equal amounts in two banks giving 10% and 12% rate of interest, respectively. At the end of year the interest earned is Rs. 1650. Find the sum invested in each. 
(a) Rs. 8500
(b) Rs. 15000
(c) Rs. 7500
(d) Rs. 17000
(e) None of these 

Q4. Ravi borrowed some money at the rate of 4% p.a. for the first 3 yr at the rate of 8% p.a. for the next 2 yr and at the rate of 9% p.a. for the period beyond 5 yr. If he pays a total simple interest of Rs. 19550 at the end of 7 yr, how much money did he borrow? 
(a) Rs. 39500
(b) Rs. 42500
(c) Rs. 41900
(d) Rs. 43000
(e) None of these 

Q5.  Simple interest on a certain sum at a certain annual rate of interest is 16% of the sum. If the numbers representing rate per cent and time in years be equal, then the rate of interest is
(a) 4%
(b) 6%
(c) 4.5%
(d) 6.5%
(e) None of these 

Q6. Arun invested a sum of money at a certain rate of simple interest for a period of 4 yr. Had he invested the same sum for a period of 6 yr the total interest earned by him would have been fifty per cent more than the earlier interest amount. What was the ratio of interest per cent per annum?  
(a) 4
(b) 8
(c) 5
(d) Cannot be determined 
(e) None of these 

Q7. Mr. A lends 40% of sum at 15% p.a. 50% of rest sum at 10% p.a. and the rest sum at 18% p.a. rate of interest. What would be the rate of interest, if the interest is calculated on the whole sum?  
(a) 13.4% p.a. 
(b) 14.33% p.a.  
(c) 14.4% p.a. 
(d) 13.33% p.a. 
(e) None of these 

Q8. The compound interest earned by Suresh on a certain amount at the end of 2 yr at the rate of 8% p.a. was Rs. 1414.4. What was the total amount the Suresh got back at the end of 2 yr in the form of principal plus interest earned? 
(a) Rs. 9414.4 
(b) Rs. 9914.4
(c) Rs. 9014.4
(d) Rs. 8914.4 
(e) None of these 

Q9. Sonika invested an amount of Rs. 5800 for 2 yr. At what rate of compound interest will she get an amount of Rs. 594.5 at the end of 2 yr?  
(a) 5 p.c.p.a. 
(b) 4 p.c.p.a
(c) 6 p.c.p.a
(d) 8 p.c.p.a
(e) None of the above 

Q10. What will be the compound interest accrued on an amount of Rs. 10000 @ 20% p.a. in 2 yr if the interest is compounded half-yearly?  
(a) Rs. 4400
(b) Rs. 4600
(c) Rs. 4641
(d) Rs. 4680
(e) None of these  


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