IMPORTANT QUESTIONS OF SIMPLE INTEREST AND COMPOUND INTEREST FOR IBPS CLERK 2018

 

  1. The compound interest earned by Sujay on a certain amount at the end of two years at the rate of 8 p.c.p.a was` 1,414.4. What was the total amount that Sujay got back at the end of two years in the form of principal plus interest earned?

(a) ` 9.414.4

(b) ` 9,914.4

(c) ` 9,014.4

(d) ` 8,914.4

(e) None of these

2.  Mr. Asish took a loan of `10,000 on simple interest for two years at the rate of 3 p.c.p.a. The total amount that he will be paying as interest in 2 years is 3% of his monthly salary. What is his monthly salary?

(a) ` 30,000

(b) ` 16,000

(c) ` 20,000

(d) ` 12.000

(e) None of these

3.   How much will be the compound interest to be paid on a principal amount of ` 53,000 after 2 years at the rate of 4 p.c.p.a.?

(a) ` 4,324.8

(b) ` 4,432.8

(c) ` 4,342.8

(d) ` 4,234.8

(e) None of these

4.   Mr. Ram’s monthly salary is ` 22,500. He took a loan of` 30,000 on simple interest for 3 years at the rate of 5 p.c.p.a. The amount that he will be paying as simple interest in 3 years is what percent of his monthly salary ?

(a) 10

(b) 18

(c) 20

(d) 25

(e) None of these

5.   The compound interest accrued on an amount at the end of two years at the rate of 16 p.c.p.a. is ` 3041.28. What is the amount?

(a) ` 10,500

(b) ` 9,000

(c) ` 7,250

(d) ` 8,800

(e) None of these

6.   The simple interest accrued in 9 years on a principal of`24,250 is 162 % of the principal. What is the rate of interest p.c.p.a.?

(a) 22

(b) 16

(c) 18

(d) Cannot be determined

(e) None of these

7.    The compound interest accrued in two years on a principle amount of `16,250 is ` 5,616. What is the rate of interest p.c.p.a?

(a) 22%

(b) 16%

(c) 18%

(d) Cannot be determined

(e) None of these

8.   The compound interest accrued in two years on a principal of“15,800 is ` 7716.72. What is the rate of interest p.c.p.a?

 (a) 22%

(b) 16%

(c) 18%

(d) Cannot be determined

(e) None of these

9.    The difference between the compound interest and the simple interest accrued on an amount at the end of three years at the rate of 12% is ` 381.888. What is the amount?

(a) ` 9,500

(b) ` 8,400

(c) ` 7, 200

(d) ` 8,000

(e) None of these

10.   What would be the simple interest accrued in four years on a principle of ` 18,440 at the rate of 15 p.c.p.a?

(a) ` 11.075

(b) ` 12.250

(c) ` 11.500

(d) ` 12.985

(e) None of these

 

 

ANSWER

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

 



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