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IBPS > Simple & Compound Interest

Explore popular questions from Simple & Compound Interest for IBPS. This collection covers Simple & Compound Interest previous year IBPS questions hand picked by experienced teachers.

Q 1.

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The simple interest accrued on a sum of certain principal is ₹ 2000 in five years at the rate of 4% per annum. What would be the compound interest accrued on same principal at same rate in two years ?

A

₹ 716

B

₹ 724

C

₹ 824

₹ 816

E

None of these

Explanation

Q 2.

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What total amount would Mithilesh get at the end of three years if he invests an amount of ₹ 11200 in a scheme, which offers simple interest 8.5% per annum for three years ?

₹ 14056

B

₹ 14348

C

₹ 13852

D

₹ 15064

E

None of these

Explanation

Q 3.

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Arun invested a sum of money at a certain rate of simple interest for a period of for a period of four years. Had he invested the same sum for a period of six years the total interest earned by him would have been fifty per cent more than the earlier interest amount. What was the rate of interest per cent per annum?

A

4

B

8

C

5

Cannot be determined

E

None of these

Explanation

Q 4.

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Rohit invested some amount at the rate of 6 pcpa and at the end of 3 yr he got ₹ 8730 simple interest. How much compound interest he will get on same amount and same rate of interest after 2 yr.

A

₹ 5820

B

₹ 5949.60

C

₹ 5900

₹ 5994.60

E

None of these

Explanation

Q 5.

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What amount a man would have received on a principal of ₹ 4000 after two year compound interest @ 5% per annum?

A

₹ 4161

B

₹ 5200

₹ 4410

D

₹ 4100

E

₹ 4190

Explanation

Q 6.

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The simple interest accrued on an amount of ₹ 27500 at the end of three years is ₹ 10230. What would be the approximate compound interest accrued on the same amount at the same rate in the same period?

₹ 11550

B

₹ 12620

C

₹ 10950

D

₹ 11900

E

₹ 13500

Explanation


Q 7.

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The simple interest accrued on an amount of ₹ 84000 at the end of 3 yr is ₹ 30240. What would be the compound interest accrued on the same amount at the same rate in the same period?

A

₹ 30013.95

B

₹ 31013.95

C

₹ 32013.95

D

₹ 33013.95

₹ 34013.95

Explanation

Q 8.

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Kruti took a loan at a simple interest rate of 6% in the first year with an increase of 0.5% in each subsequent year. She paid interest of ₹ 3375 after four years. How much loan did she take ?

₹ 12500

B

₹ 33140

C

₹ 15800

D

Cannot be determined

E

None of these

Explanation

Q 9.

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The simple interest accrued on an amount of ₹ 40000 at the end of three years ₹ 12000. What would be the compound interest accrued on the same amount at the same rate in the same period?

A

₹ 18765

B

₹ 15350

C

₹ 21555

₹ 13240

E

None of these

Explanation

Q 10.

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Vishwas borrowed a total amount of ₹ 30000, part of it on simple interest rate of 12% per annum and remaining on simple interest rate of 10% per annum. If at the end of 2 yr he paid in all ₹ 36480 to settle the loan amount, what was the amount borrowed at 12% per annum?

A

₹ 16000

B

₹ 18000

C

₹ 17500

₹ 12000

E

None of these

Explanation

Q 11.

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The simple interest accrued on an amount of ₹ 17000 at the end of four years is ₹ 6800. What would be the compound interest accrued on the same amount at the same rate in the same period?

₹ 7889.7

B

₹ 8324

C

₹ 6990.5

D

Cannot be determined

E

None of these

Explanation

Q 12.

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A sum of ₹ 2600 is lent out in two parts in such a way that the interest on one part at 10% for 5 years is equal to that on the other part at 9% for 6 years. The sum lent out at 10% is _______.

A

1250

1350

C

1450

D

1550

E

1650

Explanation

Q 13.

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The simple interest on a sum of money is {tex}\frac{1}{16}{/tex} th of the principal and the number of years is equal to the rate per cent per annum. The rate per cent annum is ________.

{tex}6\frac{1}{4}\%{/tex}

B

{tex}6\frac{1}{3}\%{/tex}

C

{tex}6\frac{1}{5}\%{/tex}

D

{tex}4\frac{1}{5}\%{/tex}

E

{tex}7\frac{1}{7}\%{/tex}

Explanation

Q 14.

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Rahul borrowed a certain sum from Dhawan at a certain rate of simple interest for 2 years. He lent this sum to Ramesh at the same rate of interest compounded annually for the same period. At the end of two years, he received ₹ 4200 as compound interest but paid ₹ 4000 only as simple interest. Find the rate of interest.

A

12%

B

25%

C

35%

10%

E

None of these

Explanation

Q 15.

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Rajesh gave ₹ 1200 on loan. Some amount he gave at 4% per annum on simple interest and remaining at 5% per annum on simple interest. After two years, he got ₹ 110 as interest. Then the amounts given at 4% and 5% per annum on simple interest are, respectively :

₹ 500, ₹ 700

B

₹ 400, ₹ 800

C

₹ 900, ₹ 300

D

₹ 1100, ₹ 1100

E

None of these

Explanation

Q 16.

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The difference between the interest received from two different banks on ₹ 500 for 2 years is ₹ 2.50. The difference between their rates is __________ .

A

1%

B

2%

C

0.50%

0.25%

E

1.50%

Explanation

Q 17.

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Some amount out of ₹ 7000 was lent at 6% per annum and the remaining at 4% per annum. If the total simple interest from both the fractions in 5 yrs. was ₹ 1600, find the sum lent at 6% per annum.

A

1500

2000

C

2500

D

3000

E

5000

Explanation

Q 18.

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A finance company declares that, at a certain compound interest rate, a sum of money deposited by anyone will become 8 times in three years. If the same amount is deposited at the same compound rate of interest, then in how many year will it become 16 times ?

A

5 years

4 years

C

6 years

D

7 years

E

None of these

Explanation

Q 19.

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Arun and Ramu are friends. Arun borrowed a sum of ₹ 400 at 5% per annum simple interest from Ramu. He returns the amount with interest after 2 years. Ramu returns to Arun 2% of the total amount returned. How much did Arun receive?

A

9

8.80

C

7.5

D

7

E

10.5

Explanation

Q 20.

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A person lent at certain sum of money at 4% simple interest; and in 8 years the interest amounted to ₹ 340 less than the sum lent. Find the sum lent.

500

B

600

C

1000

D

1500

E

1700

Explanation

Q 21.

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Sonika invested an amount of ₹ 5800 for 2 years. At what rate of compound interest will she get an amount of ₹ 594.5 at the end of two years?

5 p.c.p.a.

B

4 p.c.p.a.

C

6 p.c.p.a.

D

8 p.c.p.a.

E

None of these

Explanation

Q 22.

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The compound interest earned by Suresh on a certain amount at the end of two years at the rate of 8 p.c.p.a. was ₹ 1414.4. What was the total amount that Suresh got back at the end of two years in the form of principal plus interest earned?

A

₹ 9414.4

₹ 9914.4

C

₹ 9014.4

D

₹ 8914.4

E

None of these

Explanation

Q 23.

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What would be the compound interest accrued on an amount of ₹ 7400 @ 13.5 p.c.p.a. at the end of two years? (Rounded off to two digits after decimal)

A

₹ 2136.87

B

₹ 2306.81

C

₹ 2032.18

₹ 2132.87

E

None of these

Explanation

Q 24.

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If the compound interest accrued on an amount of ₹ 14500 in two years is ₹ 4676.25, what is the rate of interest p.c.p.a ?

A

11

B

9

15

D

18

E

None of these

Explanation


Q 25.

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What would be the compound interest accrued on a amount of ₹ 8000 at the rate of 15% per annum in three years?

A

₹ 4283

B

₹ 4051

₹ 4167

D

₹ 4325

E

None of these

Explanation