Compound Interest : 10 Repeated Questions for SBI Clerk Mains

June 21, 2016    


compound interest

Ques 1.

If the amounts for a fixed principal after 3 years and 2 years at a certain rate of compound interest are in the ratio of 21 : 20 , then the rate of interest ie
(a) 7%
(b) 6%
(c) 5%
(d) 4%
Ans 1.  5 %

Ques 2.

The difference between compound interest and simple interest on a certain sum of money at 15% per annum in 2 years is Rs 225. Find the sum .
(a) Rs 12000
(b) Rs 11000
(c) Rs 10000
(d) Rs 15000
Ans 2.  Rs 10000

Ques 3.

A money lender lends out a part of Rs 3364 at 5% compound interest for 3 years and the rest also at 5% compound interest , but for 5 years. If the final amount in both the cases is same , what is the amount lent out for 5 years ?
(a) Rs 2000
(b) Rs 1760
(c) Rs 1600
(d) Rs 1000
Ans 3.  Rs 1600

Ques 4.

The population of a town increased by 5% of what it had been at the beginning of each year. If the population was 441000 in 1997, find the population in 1995.
(a) 430000
(b) 410000
(c) 400000
(d) 406000
Ans 4.  400000

Ques 5.

Calculate the compound interest on Rs 1875 for 3 years if the rates of interest per annum are 5%, 6 2/3% and 8 1/3% respectively.
(a) Rs 400
(b) Rs 560
(c) Rs 520
(d) Rs 350
Ans 5.  Rs 400

Ques 6.

Mr. Sundaram takes a loan of Rs 1200 to be paid after 1 year . He is to pay interest either at 5% p.a. compounded annually or at 4% p.a. compounded six monthly .which option in better for him and by how much ?
(a) IInd option, Rs 11.50
(b) IInd option, Rs 12.75
(c) IInd option , Rs 13.50
(d) 1st option , Rs 10
Ans 6. IInd  option, Rs 11.50

Ques 7.

Rajan borrowed Rs 4000 at 5% p.a. compound interest. After 2 years ,he repaid Rs 2210 and after 2 more years, the balance witth interest . what was the total amount that he paid as interest ?
(a) Rs 635.50
(b) Rs 613.50
(c) Rs 675.50
(d) Rs 653.50
Ans 7.  Rs 635.50

Ques 8.

Indu was Bindu Rs 1250 on compound interest fro 2 years at 4% per annum. How much loss would indu have suffered had she given it to Bindu for 2 years at 4 % per annum simple interest ?
(a) Rs 10
(b) Rs 2
(c) Rs 5
(d) None of these
Ans 8.  Rs 2

Join 40,000+ readers and get free notes in your email

Let's block ads! (Why?)



Compound Interest : 10 Repeated Questions for SBI Clerk Mains 4.5 5 Yateendra sahu June 21, 2016 Ques 1. If the amounts for a fixed principal after 3 years and 2 years at a certain rate of compound interest are in the ratio of 21 : 2...


Related Post:

  • RBI Grade B Course 2018
    Hi Students, Reserve Bank of India is one of the most reputed and recognised institutions of Indian Financial System. Getting recruited in RBI is always a dream come true and many students keep an eye only on RBI Grade B exam and prepare for it day a… Read More
  • Women Entrepreneurship Platform (WEP)
    Key information Launched on: 8th March 2018. Launched at: New Delhi, India. Launched by: National Institution for Transforming India, the central government of India. Inaugurated by: NITI Ayog CEO Shree Amitabh Kant. On the occasion of Internatio… Read More
  • India's Rankings in Different Indices 2018
    Index Index released by India’s Rank 1st Rank Lowest Rank Environmental Performance Index 2018 World Economic Forum 177th Switzerland Burundi (180th) Index of Talent Competitiveness Adecco, Insead, Tata Communications 81st Switzerland El Salv… Read More
  • Weekly One Liners April 2018: Week 1st
    Banking and Financial Awareness: The Reserve Bank has postponed the adoption of the Indian Accounting Standards (Ind AS) for commercial banks by one year as many banks are not prepared to migrate to the new accounting system.  IndusInd Bank G… Read More
  • Most Confusing GK Pointers- Part 94
    #1. Judiciary Capital of Uttar Pradesh– Nainital. Legislative Capital of Uttar Pradesh – Lucknow. #2. Rectophobia – Fear of rectum or rectal diseases. Rhypophobia – Fear of Defecation. #3. Dynamo – It converts mechanical energy into electri… Read More
Load comments

No comments:

Post a Comment