Numerical Ability for SBI Clerk Prelims Exam 2018 (SI and CI)

Dear Students,

Numerical Ability for SBI Clerk Prelims Exam 2018 (SI and CI)
Numerical Ability for SBI Clerk Prelims 2018

Numerical 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 SI and CI quiz on Numerical Ability to help you practice with the best of latest pattern questions.

Q1. 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 total from both as interest. The rate of interest per annum is:   

Q2. A and B borrowed Rs. 2,000 and Rs. 3,000 respectively at the same rate of interest for 5/2 years. If B paid Rs. 125 more interest than A, find the rate of interest.     
(a) 7%
(b) 8%
(c) 6%
(d) 5%
(e) 4%

Q3. The simple interest on a sum of money for 3 years is Rs. 240 and the compound interest on the same sum, at the same rate for 2 years is Rs. 170. The rate of interest is : 
(a) 12.5%
(b) 5.5%
(c) 8%
(d) 15%
(e) 10%

Q4. In certain years a sum of money is doubled itself at 25/4% simple interest per annum, then the required time will be 
Q5. A money lender lends Rs. 400 for 3 years to a person and lends Rs. 500 for 4 years to the other person at the same rate of simple interest. If altogether he receives Rs. 160 as interest, what is the rate of interest per annum 
(a) 5%
(b) 7%
(c) 9%
(d) 10%
(e) 15%

Solutions (1-5):

Q6. A man borrows some amount at the rate of 12% per annum at simple interest. After 6 years 8 months, he paid Rs. 720 as an interest. Find the amount borrowed by him.   
(a) Rs. 900
(b) Rs. 960 
(c) Rs. 920
(d) Rs. 1620 
(e) Rs. 1200

Q7. A person invests Rs. 12,000 as fixed deposit at a bank at the rate of 10% per annum simple interest. But due to some needs he has to withdraw the entire money after 3 years, for which the bank allowed him a lower rate of interest. If he gets Rs. 3320 less than what he would have got at the end of 5 years, the rate of interest allowed by the bank is :   

Q8. If the compound interest on a certain sum for two years at 12% per annum is Rs. 2,544, the simple interest on it at the same rate for 2 years will be:   
(a) Rs. 2400
(b) Rs. 2500
(c) Rs. 2480 
(d) Rs. 2440
(e) Rs. 2450

Q9. A principal of Rs. 10,000, after 2 years compounded annually, the rate of interest being 10% per annum during the first year and 12% per annum during the second year (in rupees) will amounts to   
(a) Rs. 12,000
(b) Rs. 12,320 
(c) Rs. 12,500
(d) Rs. 21,000 
(e) Rs. 15,000

Q10. In what time will Rs. 64,000 amounts to Rs. 68,921 at 5% per annum interest being compounded half yearly?   

Solutions (6-10):

Q11. The difference between CI and SI for 3 years is 992. If rate of Interest is 10%. Find the Principal?   
(a) Rs. 22000
(b) Rs. 30000
(c) Rs. 28000
(d) Rs. 32000
(e) Rs. 35000

Q12. A sum of Rs. 3000 amounts to Rs. 6000 in two years at compound interest. The interest for four years is   
(a) Rs. 9000
(b) Rs. 12000
(c) Rs. 6000
(d) Rs. 3000
(e) Rs. 8000

Q13. The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is:   
(a) Rs. 600
(b) Rs. 550
(c) Rs. 500
(d) Rs. 450 
(e) Rs. 400

Q14. What does Rs. 250 amounts to in 2 years with compound interest at the rate of 4% in the 1st year and 8% in the second year?   
(a) Rs. 280 
(b) Rs. 280.80 
(c) Rs. 468 
(d) Rs. 290.80 
(e) Rs. 285.80

Q15. On a certain sum of money, the difference between the compound interest for a year, payable half-yearly, and the simple interest for a year is Rs. 180. If the rate of interest in both the cases is 10%, then the sum is:  
(a) 60,000
(b) 72,000
(c) 62,000
(d) 54,000
(e) 50,000

Solutions (11-15):

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