Simple Interest Questions for SBI Clerk Exam:30th April 2018

Dear Students,

Numerical Ability for SBI Clerk Exam 2018
Numerical Ability for SBI Clerk Prelims 2018

Today is the Day 8 of the SBI Clerk 60 Days Study Plan and the topic for Today's Numerical Ability Practice Questions is Simple InterestNumerical Ability Section has given heebie-jeebies to the aspirants when they appear for a banking examination. As the level of every other section is only getting complex and convoluted, there is no doubt that this section, too, makes your blood run cold. The questions asked in this section are calculative and very time-consuming. But once dealt with proper strategy, speed, and accuracy, this section can get you the maximum marks in the examination. Following is the Numerical Ability quiz to help you practice with the best of latest pattern questions.

Q1.  A borrows Rs. 800 at the rate of 12% per annum simple interest and B borrows Rs. 910 at the rate of 10% per annum, simple interest. In how many years will their amounts of debt be equal? 
(a) 18
(b) 20
(c) 22
(d) 24
(e) 28

Q2.  A person deposited Rs. 400 for 2 years, Rs. 550 for 4 years and Rs. 1200 for 6 years. He received the total simple interest of Rs. 1020. The rate of interest per annum is (rate of interest in each case is same)  
(a) 10%
(b) 5%
(c) 15%
(d) 20%
(e) 25%

Q3.  A certain sum of money becomes three times of itself in 20 years at simple interest. In how many years does it become double of itself at the same rate of simple interest?                           
(a) 8 years
(b) 10 years
(c) 12 years
(d) 14 years
(e) 16 years

Q4.  The simple interest on a certain sum for 8 months at 4% per annum is Rs. 129 less than the simple interest on the same sum for 15 months at 5% per annum. The sum is:  
(a) Rs. 2580
(b) Rs. 2400
(c) Rs. 2529
(d) Rs. 3600
(e) Rs. 4800

Q5.  Mohan lent some amount of money at 9% simple interest and an equal amount of money at 10% simple interest each for two years. If his total interest was Rs. 760, what amount was lent in each case?  
(a) Rs. 1700
(b) Rs. 1800
(c) Rs. 1900
(d) Rs. 2000
(e) Rs. 2400

Solutions (1-5):




Q6.  Rs. 12,000 is divided into two parts so that the simple interest on the first part for 3 years at 12% per annum may be equal to the simple interest on the second part for 4½ years at 16% per annum. The ratio of the first part to the second part is   
(a) 2 : 1
(b) 1 : 2
(c) 2 : 3
(d) 3 : 2
(e) 3 : 5

Q7.  Abhay gave Rs 1200 on loan. Some amount he gave at 4% per annum on simple interest and remaining at 5% per annum on simple interest. After 2 years he got Rs 110 as interest. Then the amounts given at 4% and 5% per annum simple interest are respectively.
(a) Rs 500, Rs 700
(b) Rs 400, Rs 800
(c) Rs 800, Rs 300
(d) Rs 1100, Rs 1100
(e) Rs 1000, Rs 1100

Q8. A Money double itself in 8 years in how many years it will be 5 times?  
(a) 40 years
(b) 32 years
(c) 24 years
(d) 30 years
(e) 20 years

Q9.  A lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both as interest. The rate of interest per annum is  
(a) 7%
(b) 5%
(c) 57/8%
(d) 10%
(e) 15%

Q10.  Gopal lent Rs. 5000 into two parts to two men, one at 4% and another at 5%. After 1 years he gains the interest at 4.2% per annum on the total money. Find the money lent on 4%. 
(a) Rs. 5000
(b) Rs. 4000
(c) Rs. 5500
(d) Rs. 4500
(e) Rs. 3500

Solutions (6-10):



Q11.  Raghav borrowed some money at the rate of 4 p.c.p.a for the first three years, at the rate of 8 p.c.p.a for the next two years and at the rate of 9 p.c.p.a for the period beyond 5 years. If he pays a total simple interest of Rs 19550 at the end of 7 years, how much money did he borrow?
(a) Rs 39500
(b) Rs 42500
(c) Rs 41900
(d) Rs 43000
(e) Rs 45500

Q12.  Two equal sums of money were invested-one at 9/2%  p.a. and the other at 4% p.a. At the end of 7 years, the simple interest received from the former was exceeded to that received from the latter by Rs 31.50. Each sum was 
(a) Rs 100
(b) Rs 500
(c) Rs 750
(d) Rs 900
(e) Rs 950

Q13.  A sum is divided between P and Q in the ratio of 1 : 2. A purchased a car from his part, which depreciates at the rate of 14 2/7% per annum and Q deposited his amount in a bank, which pays him 20% interest per annum compounded annually. By what percent will the total sum of money increase after two years due to this investment pattern (approximately)?
(a) 20.5%
(b) 26.66%
(c) 30%
(d) 25%
(e) 23%

Q14.  A person lent out two equal amounts at 6% and 24% per annum simple interest each for a period of 18 months. he got total interest of Rs 4704. Which of these could be the amount that was lent out in each case if interest is paid half-yearly?
(a) Rs 14053
(b) Rs 10453
(c) Rs 15450
(d) Rs 13543
(e) Rs 12272

Q15.  A sum of Rs 18,750 is left in will by a father to be divided between two sons, whose present age is 12 and 14 years respectively, such that when they attain maturity at 18, the amount (Principal + interest) received by each at 5% S.I. will be the same. Find the sum allotted at present to each son.
(a) Rs 9500, Rs 9250
(b) Rs 8000, Rs 1750
(c) Rs 9000, Rs 9750
(d) Rs 8500, Rs 10250
(e) None of these

Solutions (11-15):





    
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