# IBPS > Simple Interest

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

ENGLISH LANGUAGE
QUANTITATIVE APTITUDE
GENERAL AWARENESS
COMPUTER AWARENESS
REASONING
Q 1.

Correct1

Incorrect-0.25

The rates of simple interest in two banks {tex} A {/tex} and {tex} B {/tex} are in the ratio {tex} 5: 4 . {/tex} A person wants to deposit his total savings in two banks in such a way that he received equal half-yearly interest from both. He should deposit the savings in banks {tex} A {/tex} and {tex} B {/tex} in the ratio.

A

2:5

4:5

C

5:2

D

5:4

E

None of these

##### Explanation Q 2.

Correct1

Incorrect-0.25

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

None of these

##### Explanation Q 3.

Correct1

Incorrect-0.25

On retirement, a person gets 1.53 lakhs of his provident fund which he invests in a scheme at {tex} 20 \% {/tex} p.a. His monthly income from this scheme will be

A

{tex} \mathrm {Rs. 2,450} {/tex}

B

{tex} \mathrm {Rs. 2,500} {/tex}

{tex} \mathrm {Rs. 2,550} {/tex}

D

{tex} \mathrm {Rs. 2,600} {/tex}

E

None of these

##### Explanation Q 4.

Correct1

Incorrect-0.25

An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of {tex} 10 \% , {/tex} the effective rate of interest becomes:

A

{tex} 10 \% {/tex}

{tex} 10.25 \% {/tex}

C

{tex} 10.5 \% {/tex}

D

E

None of these

##### Explanation Q 5.

Correct1

Incorrect-0.25

The difference between the simple interest received from two different sources on {tex} \mathrm {Rs.1500} {/tex} for {tex} \mathrm {3} {/tex} years is {tex} \mathrm {Rs.13.50} . {/tex} The difference between their rates of interest is:

A

{tex} 0.1 \% {/tex}

B

{tex} 0.2 \% {/tex}

{tex} 0.3 \% {/tex}

D

{tex} 0.4 \% {/tex}

E

None of these

##### Explanation Q 6.

Correct1

Incorrect-0.25

Arun borrowed a sum of money from Jayant at the rate of {tex} 8 \% {/tex} per annum simple interest for the first four years, {tex} 10 \% {/tex} per annum for the next six years and {tex} 12 \% {/tex} per annum for the period beyond ten years. If he pays a total of {tex} \mathrm{Rs.} 12,160 {/tex} as interest only at the end of 15 years, how much money did he borrow?

{tex}\mathrm {Rs.}\ 8000{/tex}

B

{tex} \mathrm{Rs.}10,000 {/tex}

C

{tex}\mathrm{Rs.}12,000{/tex}

D

{tex}\mathrm{Rs.}9,000{/tex}

E

None of these

##### Explanation  Q 7.

Correct1

Incorrect-0.25

Anish borrowed {tex} \mathrm {Rs.}15000 {/tex} at the rate of {tex} 12 \% {/tex} and an other amount at the rate of {tex} 15 \% {/tex} for two years. The total interest paid by him was {tex} \mathrm {Rs.}9000 {/tex}. How much did he borrow?

A

{tex}\mathrm {Rs.}32,000 {/tex}

{tex} \mathrm {Rs.33,000} {/tex}

C

{tex} \mathrm {Rs. 30,000} {/tex}

D

{tex} \mathrm {Rs. 35,000} {/tex}

E

{tex} \mathrm {None \,of\, these} {/tex}

##### Explanation Q 8.

Correct1

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Divide {tex} \mathrm {Rs.2379} {/tex} into 3 parts so that their amounts after {tex} 2,3 {/tex} and {tex} \mathrm {4} {/tex} years respectively may be equal, the rate of interest being {tex} 5 \% {/tex} per annum at simple interest. The first part is:

A

759

B

792

C

818

828

E

None of these

##### Explanation Q 9.

Correct1

Incorrect-0.25

What will be the difference in simple and compound interest on {tex} \mathrm {Rs.}2000 {/tex} after three years at the rate of 10 percent per annum?

A

{tex} \mathrm {Rs. 160} {/tex}

B

{tex} \mathrm {Rs.}42 {/tex}

{tex} \mathrm {Rs. 62} {/tex}

D

{tex} \mathrm {Rs. 20} {/tex}

E

{tex} \mathrm {None \,of \,these} {/tex}

##### Explanation Q 10.

Correct1

Incorrect-0.25

What will be the ratio of simple interest earned by certain amount at the same rate of interest for {tex} \mathrm {6} {/tex} years and that for {tex} \mathrm {9} {/tex} years?

A

1:3

B

1:4

2:3

D

E

None of these

##### Explanation Q 11.

Correct1

Incorrect-0.25

An amount of {tex} Rs.\, 1,00,000 {/tex} is invested in two types of shares. The first yields an interest of {tex} 9 \% {/tex} p.a. and the second, {tex} 11 \% {/tex} p.a. If the total interest at the end of one year is {tex} 9 \frac { 3 } { 4 } \% , {/tex} then the amount invested in each share was:

A

{tex} \mathrm {Rs. 52,500 ; Rs. 47,500} {/tex}

{tex}\mathrm {Rs.}62,500 {/tex};{tex}\mathrm {Rs.}37,500 {/tex}

C

{tex} \mathrm {Rs. 72,500 ; Rs. 27,500} {/tex}

D

{tex}\mathrm {Rs.} 82,500{/tex};{tex}\mathrm {Rs.}17,500 {/tex}

E

None of these

##### Explanation Q 12.

Correct1

Incorrect-0.25

Mr Amin borrowed some money from Mr Vishwas. The rate of interest for first two years is {tex} 8 \% {/tex} p.a., for the next three years is {tex} 11 \% {/tex} p.a. and for the period beyond {tex} \mathrm {5} {/tex} years {tex} 14 \% {/tex} p. a. Mr Vishwas got an amount of {tex} \mathrm {Rs.10920} {/tex} as an interest at the end of eight years. Then what amount was borrowed by Mr Amin?

{tex} \mathrm {Rs. 12000} {/tex}

B

{tex} \mathrm {Rs. 15000} {/tex}

C

{tex} \mathrm {Rs. 1400} {/tex}

D

E

{tex} \mathrm { None\, of \,these} {/tex}

##### Explanation Q 13.

Correct1

Incorrect-0.25

Amit Kumar invested an amount of {tex} \mathrm {Rs. 15,000} {/tex} at compound interest rate of {tex} \mathrm {10} {/tex} pcpa for a period of two years. What amount will he receive at the end of two years?

A

{tex} \mathrm {Rs. 18,000} {/tex}

B

{tex} \mathrm {Rs. 18,500} {/tex}

C

{tex}\mathrm {Rs.}17,000 {/tex}

D

{tex} \mathrm {Rs. 17,500} {/tex}

None of these

##### Explanation Q 14.

Correct1

Incorrect-0.25

A sum fetchedtotal simple interest of {tex} \mathrm{Rs.}4016.25 {/tex} at the rate of 9 p.c.p.a in 5 years. What is the sum?

{tex}\mathrm {Rs.}8925{/tex}

B

{tex}\mathrm {Rs.}8032.50{/tex}

C

{tex}\mathrm {Rs.}4462.50{/tex}

D

{tex} \mathrm {Rs.}8900 {/tex}

E

None of these

##### Explanation Q 15.

Correct1

Incorrect-0.25

Nikhilesh invested certain amount in three different schemes {tex} A , B {/tex} and {tex} C {/tex} with the rate of interest {tex} \mathrm {10 \ p.c.p.a} {/tex}, {tex} 12 \mathrm { \ p.c.p.a. } {/tex} and {tex} 15 \mathrm { \ p.c. } \mathrm { p.a. } {/tex} respectively. If the total interest accrued in one year was {tex} \mathrm {Rs. 3200} {/tex} and the amount invested in scheme {tex} \mathrm { C } {/tex} was {tex} 150 \% {/tex} of the amount invested in scheme {tex} A {/tex} and {tex} 240 \% {/tex} of the amount invested in scheme {tex} B , {/tex} what was the amount invested in scheme {tex} B ? {/tex}

A

{tex} \mathrm {Rs. 8000} {/tex}

{tex} \mathrm {Rs. 5000} {/tex}

C

{tex} \mathrm {Rs. 6500} {/tex}

D

{tex} \mathrm {Cannot\, be\, determined} {/tex}

E

{tex} \mathrm {None \,of \,these} {/tex}

##### Explanation  Q 16.

Correct1

Incorrect-0.25

What should be the simple interest obtained on an amount of {tex}Rs. \ 5,760{/tex} at the rate of {tex}6 \% {/tex} p. a. after {tex}3 \ years{/tex}?

Rs. 1036.80

B

Rs. 1666.80

C

Rs.1336.80

D

Rs.1063.80

E

None of these

##### Explanation Q 17.

Correct1

Incorrect-0.25

Asmita invests an amount of Rs.9535 at the rate of 4 per cent per annum to obtain a total amount of Rs.11442 on simple interest after a certain period. For how many year did she invest the amount to obtain the total sum?

A

10 years

B

2 years

5 years

D

4 years

E

None of these

##### Explanation  Q 18.

Correct1

Incorrect-0.25

Girish invested a certain amount at the rate of 8{tex} \% {/tex} p.a. for 6 year to obtain an amount of Rs.28,046. How much amount did Girish obtain as simple interest?

A

Rs.12,550

Rs.9,096

C

Rs.18,950

D

Cannot be determined

E

None of these

##### Explanation  Q 19.

Correct1

Incorrect-0.25

What is the interest received on a principal of Rs.450 for 2 yea
if the interest received on Rs.1 after four year at the same rate of simple interest is Rs.0.40 ?

Rs.90

B

Rs.180

C

Rs.36

D

Cannot be determined

E

None of these

##### Explanation Q 20.

Correct1

Incorrect-0.25

Arunima invests an amount of Rs.10,250@4%p.a to obtain a total amount of Rs.12,710 on simple interest after a certain period. For how many year did she invest the amount to obtain the total sum?

6 years

B

8 years

C

5 years

D

4 years

E

None of these

##### Explanation Q 21.

Correct1

Incorrect-0.25

The simple interest accrued on an amount of {tex} 84,000 {/tex} at the end of three year is Rs.30,240 . What would be the compound interest accrued on the same amount at the same rate in the same period?

A

Rs.30,013.95

B

Rs.31,013.95

C

Rs.32,013.95

D

Rs.33,013.95

Rs.34,013.95

##### Explanation Q 22.

Correct1

Incorrect-0.25

A principal of Rs.10,000 after 2 years compounded annualy, the rate of interest being 10{tex} \% {/tex} p.a. during the first year and 12{tex} \% {/tex} p.a. during the second year will amount to:

A

{tex} 12,000 {/tex}

{tex} 12,320 {/tex}

C

{tex} 12,500 {/tex}

D

{tex} 11,320 {/tex}

E

None of these

##### Explanation Q 23.

Correct1

Incorrect-0.25

An amount is lent at {tex} y \% {/tex} p.a. S. I for two years. However, is it had been lent at 2{tex} y \% {/tex} p.a. S.I. for {tex} x {/tex} more years, then the interest would have been 5 times the earlier interest. Find the value of {tex} y {/tex} .

A

2

3

C

4

D

5

E

None of these

##### Explanation Q 24.

Correct1

Incorrect-0.25

Ms. Sandhya deposits an amount of Rs.31,400 to obtain a simple interest at the rate of 12 per cent per annum for 8 years. What total amount will Ms. Sandhya get at the end of 8 years?

A

Rs.31,444

Rs.61,544

C

Rs.41,544

D

Rs,31,144

E

None of these

##### Explanation Q 25.

Correct1

Incorrect-0.25

Two equal sums of money were invested, one at {tex} 4 \% {/tex} and the other at {tex} 4.5 \% {/tex}. At the end of {tex} \mathrm {7} {/tex} years, the simple interest received from the latter exceeded to that received from the former by {tex} \mathrm {Rs. 31.50} . {/tex} Each sum was:

A

{tex} \mathrm {Rs. 1,200} {/tex}

B

{tex} \mathrm {Rs. 600} {/tex}

C

{tex} \mathrm {Rs. 750} {/tex}

{tex} \mathrm {Rs. 900} {/tex}

E

None of these

##### Explanation  