Simple Interest Problems with Solutions for Bank Exams
The simple interest on a sum of money for 3 years is ₹240 and the compound interest on the same sum, at the same rate for 2 years is ₹170. The rate of interest is
(A)
(B)
(C)
(D)
Correct Answer : C
How much interest will be received in 2.5 years at the rate of 4 percent simple interest of Rs. 3,680?
(A) Rs. 72
(B) Rs. 368
(C) Rs. 92
(D) Rs. 455
Correct Answer : B
A sum is to be paid back in 3 equal annual instalments. The interest is compound annually at 30% per annum. If each instalment be Rs.21970 then what is the sum?
(A) Rs.39,800
(B) Rs.39,900
(C) Rs.39,950
(D) Rs.39,990
Correct Answer : B
Mohit borrowed Rs. 22000 at 5% simple interest repayable in 5 equal installments. What will be the annual installment payable by him?
(A) Rs 4800
(B) Rs 5500
(C) Rs 4600
(D) Rs 500
Correct Answer : C
If the simple interest on a certain sum of money for 2 years in one fifth of the Principal, then find rate of interest per annum.
(A) 25%
(B) 15%
(C) 10%
(D) 20%
Correct Answer : C
If you are facing any problems in the simple interest problems with solutions, ask me in the comment section without any hesitation.
About author
Vikram Singh
Providing knowledgable questions of Reasoning and Aptitude for the competitive exams.
Read more articles