Banking (IBPS / SBI PO) · Quantitative Aptitude

Simple and compound interest

12 practice questions, each with the answer and an explanation.

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Random questions from this topic, one at a time. You see the answer and the explanation straight after each one.

All 12 questions

What is the simple interest (in ₹) on ₹1000 at $4%$ per annum for $5$ years?
What is the simple interest (in ₹) on ₹4000 at $4%$ per annum for $3$ years?
What is the simple interest (in ₹) on ₹1000 at $8%$ per annum for $3$ years?
What is the simple interest (in ₹) on ₹2500 at $5%$ per annum for $4$ years?
What is the simple interest (in ₹) on ₹4000 at $4%$ per annum for $2$ years?
What is the simple interest (in ₹) on ₹8000 at $12%$ per annum for $2$ years?
What is the simple interest (in ₹) on ₹1000 at $5%$ per annum for $5$ years?
What is the compound interest (in ₹) on ₹10000 at $5%$ per annum for 2 years, compounded annually?
What is the compound interest (in ₹) on ₹8000 at $20%$ per annum for 2 years, compounded annually?
What is the compound interest (in ₹) on ₹2000 at $20%$ per annum for 2 years, compounded annually?
A person invests $Rs. 24, 000$ in Scheme A offering compound interest at $10%$ per annum compounded annually for $2$ years. The entire maturity amount from Scheme A is then invested in Schem…
What is the compound interest (in ₹) on ₹4000 at $20%$ per annum for 2 years, compounded annually?

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