Quantitative Aptitude Quiz for SBI Clerk Exam: 2nd June 2018

Dear students,

Quantitative Aptitude Quiz for SBI Clerk Exam: 2nd June 2018
Numerical Ability for SBI Clerk Prelims 2018

Today is the Day 42 of the SBI Clerk 60 Days Study PlanNumerical 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. The ratio of difference between CI and SI on a sum with the same rate of interest for 3 years and CI and SI for 2 years on the same sum with the same rate of interest is 33: 10. Find rate of interest.
(a) 15%
(b) 30%
(c) 10%
(d) 20%
(e) 25%

Q2. A sum of money invested at 20% rate compounded annually would have fetched Rs. 246 more in one year if CI was compounded half yearly. Find the sum of money invested.
(a) Rs.21400
(b) Rs.24600
(c) Rs.28500
(d) Rs.25400
(e) Rs.22500

Q3. A sum of Rs. 125 becomes Rs. 343 in 3 years. Find the rate of interest if it is compounded annually.
(a) 30%
(b) 20%
(c) 25%
(d) 40%
(e) 50%

Q4. A sum amounts to Rs. 8000 in 3 years and Rs. 27000 in 6 years when compounded annually. Find the rate of interest.
(a) 30%
(b) 25%
(c) 50%
(d) 40%
(e) 20%

Q5. Find the difference between compound interest calculated half yearly and simple interest calculated per annum on a sum of Rs. 7000 at 20% rate of interest after one and half years.
(a) Rs. 323
(b) Rs. 217
(c) Rs. 523
(d) Rs. 417
(e) Rs. 227

Solutions (1-5):

Q6. Equal amount of sum is invested in CI and SI scheme at 20% rate p.a. If CI received in 2nd year only is Rs. 192 more than SI received in 5th year. Find sum invested in both the schemes.
(a) Rs. 4800
(b) Rs. 5400
(c) Rs. 8100
(d) Rs. 7200
(e) Rs. 9600

Q7. A sum of Rs. 18000 is invested in two schemes, partly at 25% rate compounded annually and remaining at 15% rate compounded annually. If total CI received at the end of 2 years from both the schemes is Rs. 8685, then find amount invested at 15% rate?
(a) Rs. 6000
(b) Rs. 5000
(c) Rs. 4000
(d) Rs. 3500
(e) Rs. 5500

Q8. Raj took a loan of Rs. 5 lakhs for 2 years for MBA course from a bank. The bank fixes 10% rate of CI at the time of course duration and 20% rate of CI thereafter. If Raj paid half of the loan amount at end of 2 years, then find the remaining amount to be paid by Raj to clear all his dues in the next 2 years?
(a) Rs. 611000
(b) Rs. 440000
(c) Rs. 355000
(d) Rs. 511200
(e) Rs. 722400

Q9. A man borrowed Rs. 8000 at 10% rate of interest compounded annually. If he paid Rs. 2200 at the end of every year, then what amount would he pay at the end of 3rd year to clear all his dues?
(a) Rs. 5566
(b) Rs. 6176
(c) Rs. 5756
(d) Rs. 5480
(e) Rs. 4876

Q10. A certain sum of money becomes double in 4 years at certain rate of interest when compounded annually. After how many years will it become 16 times?
(a) 12 years
(b) 15 years
(c) 16 years
(d) 10 years
(e) 14 years

Solutions (6-15):

Q11. Amount of Rs. P is put at 10% compound interest per annum. If interest obtained only for third year is 4840, then find the value of ‘P’.
(a) 35,000
(b) 40,000
(c) 30,000
(d) 50,000
(e) 45,000

Q12. X invested Rs. P at 10% per annum, Y invested Rs. (P – 4000) at the rate of 12% per annum. If at the end of two years, total compound interest received is Rs. 6412.8, then find the capital invested by Y.
(a) 16000 Rs.
(b) 12000 Rs.
(c) 10000 Rs.
(d) 14000 Rs.
(e) 18000 Rs.
Q13. A man invested Rs. 2250 at the rate of R% for 3/2years on S.I. and got a total interest of Rs. 506.25. The total amount received in SI scheme along with an additional amount of Rs. 43.75 is reinvested at the same rate of interest R% on C.I. annually. Find the total C.I. received by the man at the end of two years.
(a) Rs 1030
(b) Rs. 903
(c) Rs. 730
(d) Rs. 830
(e) Rs. 907

Q14. Find the principal amount invested by Ajay in a scheme which offers CI at 10% rate, if C.I. earned in 2nd year was Rs. 440.
(a) Rs 3500
(b) Rs 2250
(c) Rs 3850
(d) Rs 4000
(e) Rs 5000

Q15. Veer invested Rs. 40000 at the rate of 20% compound interest. If first year interest is calculated half yearly and second year interest is calculated annually, then find the total interest that Veer gets after 2 years.
(a) 18080Rs.
(b) 19080 Rs.
(c) 18800Rs.
(d) 18600Rs.
(e) 18500Rs.

Solutions (11-15):

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keshav mishra said...

Amount of Rs. P is put at 10% compound interest per annum. If interest obtained only for third year is 4840, then find the value of ‘P’. iska ans galat hai kya

Anonymous said...

10% 3yrs -amt=10^3=1000 3rd yr interst=121 121==4840 1==40 1000==40000=p