SBI PO Prelims - Day-17 (Compound Interest)

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Q1. Find the amount on Rs. 60,000, if the interest is compounded half-yearly at 4 percent per annum for one and half years. 

(a) Rs. 63672.48

(b) Rs. 62424.00

(c) Rs. 67491.84

(d) Rs. 64896.00

(e) None of these

Q2. Rs. 25000 is borrowed at CI at the rate of 3% for the first year, 4% for the second year and 5% for the third year. Find the amount to be paid after 3 years. 

(a) Rs. 28119 

(b) Rs. 29118

(c) Rs. 28129

(d) Rs. 28117

(e) None of these

Q3. If a sum of money at compound interest amounts to thrice itself in 3 years, then in how many years will it be 9 times itself? 

(a) 12 years

(b) 6 years

(c) 9 years

(d) 15 years

(e) None of these

Q4. At what rate per cent will the compound interest, does a sum of money become 16 times in 4 years? 

(a) 100%

(b) 150%

(c) 50%

(d) 75%

(e) None of these

Q5. If the CI on a certain sum for 2 years at 6% be Rs. 25.75, what would be the SI? 

(a) Rs. 25

(b) Rs. 24

(c) Rs. 20

(d) Rs. 15

(e) None of these

Q6. On a certain sum of money, the simple interest for 2 years is Rs. 140 at the rate of 4% per annum. Find the difference in CI and SI.  

(a) Rs. 3

(b) Rs. 1.5

(c) Rs. 2.8

(d) Rs. 1.8 

(e) None of these

Q7. On what sum will the difference between the simple and compound interests for 3 years at 3 per cent per annum amount to Rs. 27.27?

(a) Rs. 5000

(b) Rs. 10000

(c) Rs. 8000

(d) Rs. 9000

(e) None of these

Q8. A certain amount of money at compound interest grows uptoRs. 6560 in 3 years and uptoRs. 7216 in 4 years. Find the rate per cent per annum. 

(a) 10%

(b) 5%

(c) 8%

(d) 6%

(e) None of these

Q9. What sum of money at compound interest will amount to Rs. 480 at the end of the first year and Rs. 576 at the end of the second year? 

(a) Rs. 420 

(b) Rs. 450

(c) Rs. 400

(d) Rs. 375

(e) None of these

Q10. Find the ratio of CI to SI on a certain sum at 45% per annum for 2 years. 

(a) 49 : 47 

(b) 49 : 42 

(c) 49 : 40

(d) 48 : 49 

(e) None of these

Q11. Rs. 2400 becomes Rs. 3000 in 3 years at a certain rate of compound interest. What will be the sum after 6 years? 

(a) Rs. 4750

(b) Rs. 3750 

(c) Rs. 3570

(d) Rs. 3600

(e) None of these

Q12. Find the compound interest on Rs. 5000 for 3 years if the rate of interest is 5% for the first year, 6% for the second year and 10% for the third year. 

(a) Rs. 120.5

(b) Rs. 125.5

(c) Rs. 120

(d) Rs. 130

(e) None of these

Q13. A man borrows Rs. 4000 at 20% compound rate of interest. At the end of each year he pays back Rs. 1500. How much amount should he pay at the end of the third year to clear all his dues? 

(a) Rs. 2592 

(b) Rs. 2852 

(c) Rs. 2952 

(d) Rs. 2953

(e) None of these

Q14. Divide Rs. 1105 between A and B, so that A’s share at the end of 5 years may equal B’s share at the end of 7 years, compound interest being at 10%. 

(a) Rs. 505, Rs. 600

(b) Rs. 605, Rs. 500 

(c) Rs. 705, Rs. 400 

(d) Rs. 625, Rs. 480 

(e) None of these

Q15. A sum of money put out at compound interest amounts in 2 years to Rs. 578.40 and in 3 years to Rs. 614.55. Find the rate of interest.

 

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Quantitative Aptitude

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Reasoning

It is important that you practice everything from puzzles to seating arrangement, from coding-decoding to syllogism with ever decreasing escape routes in reasoning section. Step by step preparation will help you develop those skills to tackle twisted questions of reasoning ability in the examination. For scoring well in SBI PO reasoning practising what is really important and it can be your game changer.

English Language

It all started with last year’s SBI recruitment’s online test and till date, this section has gone through drastic changes, the pattern and level of English Language section have completely transformed from the conventional approach to a more challenging, practical and dynamic approach. And with this study plan you will be well versed in all the new pattern questions being asked in the SBI PO exam.


Follow our SBI PO Prelims 45 days Study Plan to better your chances at the coming SBI PO 2017 EXAM. Checkout other posts from the SBI PO Prelims 45 study plan in the given below table :

SBI PO (Quadratic Equation)	SBI PO (Simplification)	SBI PO (Percentage)
SBI PO (Data Sufficiency)	SBI PO (Ratio&Proportion)	SBI PO (Profit-Loss)
SBI PO (Time&Work)	SBI PO (Inequalities)	SBI PO (Number Series)

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Compound Interest Quiz for IBPS PO / SBI PO 2017

Q1. Find the amount on Rs. 60,000, if the interest is compounded half-yearly at 4 percent per annum for one and half years. 

(a) Rs. 63672.48

(b) Rs. 62424.00

(c) Rs. 67491.84

(d) Rs. 64896.00

(e) None of these

Q2. Rs. 25000 is borrowed at CI at the rate of 3% for the first year, 4% for the second year and 5% for the third year. Find the amount to be paid after 3 years. 

(a) Rs. 28119 

(b) Rs. 29118

(c) Rs. 28129

(d) Rs. 28117

(e) None of these

Q3. If a sum of money at compound interest amounts to thrice itself in 3 years, then in how many years will it be 9 times itself? 

(a) 12 years

(b) 6 years

(c) 9 years

(d) 15 years

(e) None of these

Q4. At what rate per cent will the compound interest, does a sum of money become 16 times in 4 years? 

(a) 100%

(b) 150%

(c) 50%

(d) 75%

(e) None of these

Q5. If the CI on a certain sum for 2 years at 6% be Rs. 25.75, what would be the SI? 

(a) Rs. 25

(b) Rs. 24

(c) Rs. 20

(d) Rs. 15

(e) None of these

Q6. On a certain sum of money, the simple interest for 2 years is Rs. 140 at the rate of 4% per annum. Find the difference in CI and SI.  

(a) Rs. 3

(b) Rs. 1.5

(c) Rs. 2.8

(d) Rs. 1.8 

(e) None of these

Q7. On what sum will the difference between the simple and compound interests for 3 years at 3 per cent per annum amount to Rs. 27.27?

(a) Rs. 5000

(b) Rs. 10000

(c) Rs. 8000

(d) Rs. 9000

(e) None of these

Q8. A certain amount of money at compound interest grows uptoRs. 6560 in 3 years and uptoRs. 7216 in 4 years. Find the rate per cent per annum. 

(a) 10%

(b) 5%

(c) 8%

(d) 6%

(e) None of these

Q9. What sum of money at compound interest will amount to Rs. 480 at the end of the first year and Rs. 576 at the end of the second year? 

(a) Rs. 420 

(b) Rs. 450

(c) Rs. 400

(d) Rs. 375

(e) None of these

Q10. Find the ratio of CI to SI on a certain sum at 45% per annum for 2 years. 

(a) 49 : 47 

(b) 49 : 42 

(c) 49 : 40

(d) 48 : 49 

(e) None of these

Q11. Rs. 2400 becomes Rs. 3000 in 3 years at a certain rate of compound interest. What will be the sum after 6 years? 

(a) Rs. 4750

(b) Rs. 3750 

(c) Rs. 3570

(d) Rs. 3600

(e) None of these

Q12. Find the compound interest on Rs. 5000 for 3 years if the rate of interest is 5% for the first year, 6% for the second year and 10% for the third year. 

(a) Rs. 120.5

(b) Rs. 125.5

(c) Rs. 120

(d) Rs. 130

(e) None of these

Q13. A man borrows Rs. 4000 at 20% compound rate of interest. At the end of each year he pays back Rs. 1500. How much amount should he pay at the end of the third year to clear all his dues? 

(a) Rs. 2592 

(b) Rs. 2852 

(c) Rs. 2952 

(d) Rs. 2953

(e) None of these

Q14. Divide Rs. 1105 between A and B, so that A’s share at the end of 5 years may equal B’s share at the end of 7 years, compound interest being at 10%. 

(a) Rs. 505, Rs. 600

(b) Rs. 605, Rs. 500 

(c) Rs. 705, Rs. 400 

(d) Rs. 625, Rs. 480 

(e) None of these

Q15. A sum of money put out at compound interest amounts in 2 years to Rs. 578.40 and in 3 years to Rs. 614.55. Find the rate of interest.

 

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Simple Interest Quiz for IBPS PO / SBI PO 2017

Q1. A borrowed Rs. 5000 from B at simple interest. After 4 years, B received Rs. 1000 more than the amount given to A on loan. The rate of interest was :
(a) 5%
(b) 25%
(c) 20%
(d) 4%
(e) None of these

Q2. The sum of money that will give Re 1 as interest per day at 5% per annum simple interest is :
(a) Rs.3650
(b) Rs.36500
(c) Rs.730
(d) Rs.7300
(e) None of these

Q3. A man deposits Rs. 4000 in a bank at 15% per annum and Rs. 6000 in another bank at 16% per annum. Find the rate of interest for the whole sum.
(a) 15.86%
(b) 31%
(c) 14.6%
(d) 15.6%
(e) None of these

Q4. The simple interest on a sum of money is equal to the principal and the number of years is equal to the rate per cent per annum. Find the rate per cent. 
(a) 25%
(b) 100%
(c) 10%
(d) Can’t be possible
(e) None of these

Q5. What annual payment will discharge a debt of Rs. 9270 due 3 years hence at the rate of 3% simple interest ?
(a) Rs. 3000
(b) Rs. 2000
(c) Rs. 2500
(d) Rs. 3500
(e) None of these

Q6. A certain sum is invested for certain time. It amounts to Rs. 400 at 10% per annum. But when invested at 4% per annum, it amounts to Rs. 200. Find the time. 
(a) 100 years
(b) 75 years
(c) 50 years
(d) 60 years
(e) None of these

Q7. Sudarshan has Rs. 1500, part of which he lent at 3 per cent and the rest at 2 per cent. The whole annual interest was Rs. 32. How much did he lend at 2 per cent ?
(a) Rs. 200
(b) Rs. 1300
(c) Rs. 300
(d) Rs. 1200
(e) None of these

Q8. Rs. 1,200 amounts to Rs. 1,632 in 4 years at a certain rate of simple interest. If the rate of interest is increased by 1%, it would amount to how much ?
(a) Rs. 1635
(b) Rs. 1644
(c) Rs. 1670
(d) Rs. 1680
(e) None of these

Q9. Shudhir invested Rs. 16000 in a scheme which earned him simple interest @ 15% per annum. After two years he withdrew the principal amount plus interest and invested the entire amount in another scheme for two years, which earned him compound interest @ 12% per annum. What would be the total interest earned by Sudhir at the end of 4 years? 
(a) Rs. 9792
(b) Rs. 10152.11
(c) Rs. 9012.14
(d) Rs. 6,000
(e) None of these

Q10. A certain sum of money amounted to Rs. 1020 at 9% in a time in which Rs. 720 amounted to Rs. 880 at 4%. If the rate of interest is simple, find the sum.
(a) Rs. 680
(b) Rs. 780
(c) Rs. 700
(d) Rs. 580
(e) None of these

Q11. Rs. 7930 is so divided into three parts such that their amounts after 2, 3 and 4 years respectively are equal, the simple interest being at the rate of 5% per annum. Find the difference between the greatest and the smallest parts of the sum. 
(a) Rs. 250
(b) Rs. 230
(c) Rs. 280
(d) Rs. 330
(e) None of these

Q12. The amount of a certain sum with simple interest for 20 years is Rs. 586.40 and with simple interest for 10 years more is Rs. 696.35. Find the rate per cent per annum at which interest is reckoned.
(a) 3%
(b) 4%
(c) 5%
(d) 8%
(e) None of these

Q13. Rakesh borrows Rs. 3500 from a bank at SI. After three years he paid Rs. 1500 to the bank and at the end of 5 years from the date of borrowing he paid Rs. 2725 to the bank to settle the account. Find the rate of interest.
(a) 10%
(b) 5%
(c) 2.5%
(d) 4%
(e) None of these

Q14. Out of a certain sum, 1/3rd is invested at 3%, 1/6th at 6% and the rest at 8%. If the simple interest for 2 years from all these investments amounts to Rs. 600, find the original sum.
(a) Rs. 5000
(b) Rs. 6000
(c) Rs. 5200
(d) Rs. 5500
(e) None of these

Q15. On Rs. 3000 invested at a simple interest at rate of 6 per cent per annum, Rs. 900 is obtained as interest in certain years. In order to earn Rs. 1600 as interest on Rs. 4000 in the same number of years, what should be the rate of simple interest ?
(a) 7%
(b) 8%
(c) 9%
(d) Data inadequate
(e) None of these

SOLUTIONS

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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  


ANSWERS :

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