## IMPORTANT QUESTIONS OF SIMPLE AND COMPOUND INTEREST

Most aspirants are unlikely to disagree with the fact that it’s quantitative ability that is pivotal in most of the competitive examinations. In recent times it has got more prominence considering the fact that the cut-off has grown exponentially and it’s Mathematics that can help you secure the maximum marks provided correct approach and strategies are applied.

We make our best efforts to analyze and segregate those questions which are either based on new patterns or frequently repeated in last few years. Sincere efforts are required to be made to make sure these sums are solved within stipulated time because time management plays vital role in any exam particularly in Banking exams. There is prominent evidence to suggest that only precise strategies together with practicing relevant sums can help you break the cut-off barrier.

In other words, it’s not only how you solve but what you solve too can be deciding factor, that’s why we have attached some of the most prominent questions of** SIMPLE AND COMPOUND INTEREST **. Feel free to clarify, if you have any query, your inputs are always welcome.

- RAJ with a sum of Rs 3903 wants to deposit in the bank account of his two daughters so that both will get equal money after 5years and 7years respectively at the rate of 4% compounded annually. Find the part of amount deposited into the account of first daughter?

A) 2028

B) 2400

C) 3000

D) 1250

**2. ** The ratio of difference between compounded interest and simple interest for 3years to the difference between C.I and S.I for 2 years is 62 : 20. What is rate of percent per annum ?

A) 20%

B) 25%

C) 16(2/3)%

D) 10%

**3. **A certain sum is lent for 3 years at 10% compound interest p.a. if the C.I for the 3rd year is 242. Then what will be the S.I for 4years?

A) 400

B) 800

C) 600

D) 1000

**4. **RAM invests in a scheme . Then what will be the difference between compound interest on sum of 3000 for 1(1/2) yrs. When the interest is compounded annually and half yearly respectively if rate is 20% compounded annually?

A) 30

B) 33

C) 36

D) 39

**5. **If a principal becomes 3 times in 4years at C.I then find in how many years it will be nine times of itself?

A) 8yrs

B) 12yrs

C) 10yrs

D) 16yrs

**6. **If the difference between C.I and S.I at 20% rate of interest ‘is rs 480. Then find the twice of principal amount?

A) 3600

B) 7500

C) 4000

D) 4750

**7. **A sum of Rs13,360 was borrowed by Rahim at 8(3/4)% p.a C.I and paid back in 2years in two equal installments. What was the amount of each installment?

A) 5769

B) 7569

C) 7009

D) 7500

**8. **If a sum of Rs 16 becomes Rs 81 in 4years then find the rate of interest at compound interest per annum?

A) 33(1/3)%

B) 40%

C) 50%

D) 66(2/3)%

**9. **In a certain year, the population of a certain town was 9000.

If in the next year the population of males increases by 5% and that of the females by 8% and the total population increases to 9600, then what was the ratio of population of males and females in that given year?

A) 4:5

B) 5:4

C) 2:3

D) Data inadequate

**10.** S.I on a sum for 3years at any rate of interest is 450 while C.I on the same sum at the same rate for 2years is 315. Find the half of sum and rate percent?

A) 5% , 1500

B) 10%, 750

C) 5%,2000

D) 10%,2000

Answers

1 A

2 D

3 B

4 B

5 A

6 B

7 B

8 C

9 A

10 B

## Leave a Reply