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

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Simple & Compound Interest

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Q 1. 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

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Q 2. 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

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Q 3. 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

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Q 4. 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

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Q 5. 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


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Q 6. 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

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Q 7. 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

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Q 8. 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

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Q 9. 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

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Q 10. 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

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Q 11. 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

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Q 12. 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

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Q 13. 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

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Q 14. 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

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Q 15. 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

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Q 16. 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

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Q 17. 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

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Q 18. 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

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Q 19. 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

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Q 20. 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

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Q 21. 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

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Q 22. 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


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Q 23. 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