Quantitative Aptitude for IBPS PO Mains 2016

Hello Students! We've introduced  "25 Days Study Plan for IBPS PO Mains 2016". By following this plan you can study and prepare better in a more disciplined way. We'll cover all type of questions that are asked in Bank PO exam. So, follow this dedicated post for the QUANT Section.

Today is DAY 13 of the study plan and in Quantitative Aptitude today’s chapter is Simple and Compound Interest.

Q1. What sum of money will amount to Rs. 520 in 5 years and to Rs. 568 in 7 years at simple interest?
(a) Rs. 400
(b) Rs. 120
(c) Rs. 510
(d) Rs. 220
(e) None of these

Q2. Nehul invested certain amount in three different schemes A, B and C with the rate of interest 10% per annum, 12% per annum and 15% per annum, respectively. If the total interest accrued in one year was Rs. 3200 and the amount invested in scheme C was 150% of the amount invested in scheme A and 240% of the amount invested in scheme B, what was the amount invested in scheme B?
(a) Rs. 8000
(b) Rs. 5000
(c) Rs. 6500
(d) Cannot be determined
(e) None of these

Q3. Simple interest on a certain sum is 16/25 of the sum. The rate per cent if the rate per cent and time (in years) are equal is:
(a) 6%
(b) 8%
(c) 10%
(d) 12%
(e) None of these

Q4. Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9% p.a. for the next five years and 13% p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is Rs. 160, the money borrowed by him was:
(a) 12,000
(b) 6,000
(c) 8,000
(d) 10,000
(e) None of these

Q5. The simple interest on a sum of money is 1/9th of the principal and the number of years is equal to the rate per annum. The rate per cent per annum is equal to:
(a) 3%
(b) 1/3%
(c) 1/10%
(d) 3 1/3%
(e) None of these

Q6. Arun lends Rs. 20,000 to two of his friends. He gives Rs. 12,000 to the first at 8% p.a. simple interest. Arun wants to makes a profit of 10% on the whole. The simple interest rate at which he should lend the remaining sum of money to the second friend is:
(a) 8%
(b) 16%
(c) 12%
(d) 13%
(e) None of these

Q7. The simple interest accrued on an amount of Rs. 22,500 at the end of four years is Rs. 10,800. What should be the compound interest accrued on the same amount at the same rate of interest at the end of two years?
(a) Rs. 16,908
(b) Rs. 5,724
(c) Rs. 28,224
(d) Rs. 8,586
(e) None of these

Q8. A person received a simple interest of Rs. 1,000 on a certain principal at the rate of 5% p.a. in 4 years. What compound interest will would that person receive on twice the principal in two years at the same rate?
(a) Rs. 1,000
(b) Rs. 1,005
(c) Rs. 11,025
(d) Rs. 10,125
(e) None of these

Q9. If a sum of money placed at compound interest, compounded annually, doubles itself in 5 years, then the same amount of money will be 8 times of itself in
(a) 25 years
(b) 20 years
(c) 15 years
(d) 10 years
(e) None of these
Q10. A sum of money lent at compound interest amounts to Rs. 1460 in 2 years and to Rs. 1606 in 3 years. The rate of interest per annum is:
(a) 12%
(b) 11%
(c) 10.5%
(d) 10%
(e) None of these

Q11. What is the difference between the compound interest and simple interest on Rs. 4000 at 5% per annum for 2 years?
(a) 10
(b) 11
(c) 20
(d) 100
(e) None of these

Q12. The simple interest accrued on a certain principal is Rs. 2,000 in five years at the rate of 4 percent p.a. What would be the compound interest accrued on the same principal at the same rate in two years
(a) Rs. 716
(b) Rs. 724
(c) Rs. 824
(d) Rs. 816
(e) None of these

Q13. Sonika invested an amount of Rs. 5800 for 2 years. At what rate of compound interest will she get an amount of Rs. 594.50 at the end of two years?
(a) 5 percent Pa
(b) 4 percent Pa
(c) 6 percent pa
(d) 8 percent Pa
(e) None of these

Q14. What would be the compound interest accrued on an amount of Rs. 7,400 @ 13.5 per cent p.a. at the end of two years? (rounded off to two digits after decimal)
(a) Rs. 2,136.87
(b) Rs. 2,306.81
(c) Rs. 2,032.18
(d) Rs. 2,132.87
(e) None of these

Q15. What would be the compound interest accrued on an amount of Rs. 8000 at the rate of 15 per cent p.a. in three years?
(a) Rs. 4283
(b) Rs. 4051
(c) Rs. 4167
(d) Rs. 4325
(e) None of these