SBI PO Quantitative Aptitude Quiz: 22nd April |

Dear Aspirants,

Numerical Ability or Quantitative Aptitude 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 Quantitative Aptitude quiz to help you practice with the best of latest pattern questions.

Directions (1-5): Study the following information carefully and answer the questions given beside.

Krishna invested some money under 20% per annum simple interest in Axis bank. At the end of one – year, he withdrew all amount from the Axis bank and invested in Bandhan bank at the rate of R % per annum under compound interest compounded annually for two years and received Rs. 57600 as total interest from the Bandhan bank. The first year’s interest at Bandhan bank was Rs. 24000.

Q1. In starting, how much money had Krishna invested in Axis bank?

Q2. Total how much interest did Krishna get from the Axis bank and the Bandhan bank together?

Q3. If the rate of interest was interchanged i.e. Axis bank had offered R% per annum simple interest and Bandhan bank had offered 20% per annum compound interest, then how much less money Krishan would have received at the end of 3 years?

Q4. If Krishan had invested the sum of money only in Axis bank for 3 years under 20% per annum simple interest then at the end of 3 years, total how much simple interest he would have received from the Axis bank?

Q5. If the first year’s compound interest at Bandhan bank was same as the simple interest received from the Axis bank at the end of 1 year and the rate of interest for the Bandhan bank remained constant, then what should be the rate of interest for Axis bank?