Wednesday, 2 November 2016

Simple Interest Examples

Q. 1. A certain amount earns simple interest of Rs. 1,750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?
(Canara Bank PO Exam)
(1) Rs. 35
(2) Rs. 350
(3) Rs. 245
(4) Cannot be determined
(5) None of these

Q. 2. The simple interest accrued on an amount of Rs. 2,500 at the end of six years is Rs. 1,875. Then what would be the simple interest accrued on an amount of Rs. 6,875 at the
same rate and same period?
(PNB Agriculture Officer Exam)
(1) Rs. 4,556.5
(2) Rs. 5,025.25
(3) Rs. 4,895.25
(4) Rs. 5,245.5
(5) None of these



Q. 3.  Arun invested a sum of money at a certain rate of simple interest for a period of four years. He had invested the same sum for a period of six years the total interest earned by him would have been fifty percent more than the earlier interest amount. Then what was the rate of interest percent per annum?
(Allahabad Bank PO Exam)
(1) 4
(2) 8
(3) 5
(4) Cannot be determined
(5) None of these

Q. 4. Mr. A lends 40 % of sum at 15% p.a. 50% of rest sum at 10% p.a. and the rest at 18% p.a. rate of interest. Then what would be the rate of interest if the interest is calculated on the whole sum?
(SBI Associate Banks PO Exam)
(1) 13.4% p.a. 
(2) 14.33% p.a.
(3) 14.4% p.a. 
(4) 13.33% p.a.
(5) None of these

Q. 5. 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.
(SBI Associate Banks PO Exam)
(1) Rs. 8,500
(2) Rs. 15,000
(3) Rs. 7,500
(4) Rs. 17,000
(5) None of these



Q. 6. A computer is available for Rs.39000 cash or Rs.17000 as cash down payment followed by five monthly instalments of Rs.4800 each. Then what is the rate of interest per annum under the instalment plan?
(IBPS CWE PO/MT Exam)
(1) 35.71%
(2) 37.71%
(3) 36.71%
(4) 38.71%
(5) None of these



Answer Key:::
1. 4
2. 5
3. 4
4. 3
5. 3
6. 4

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