Where can I find Simple Interest Questions for Bank Exams?

Candidates can check Simple Interest Questions for Bank Exams on Bankersadda.

Is Simple Interest important for bank exams?

Yes, Simple Interest is an important arithmetic topic frequently asked in IBPS, SBI, RBI, and RRB exams.

What types of questions are asked from Simple Interest?

Questions are mainly based on Principal, Rate, Time, Amount, and Interest calculations.

How can I improve speed in Simple Interest questions?

Regular practice, formula revision, and shortcut calculation methods help improve speed and accuracy.

What is the difference between Simple Interest and Compound Interest?

In Simple Interest, interest is calculated only on the original principal, while Compound Interest is calculated on both principal and accumulated interest.

Simple Interest Questions for Bank Exams

Bank exams require strong numerical ability, and one of the most important topics in the quantitative aptitude section is Simple Interest. Questions from this chapter are frequently asked in prelims and mains exams because they check your calculation speed, accuracy, and formula application skills. To help candidates strengthen this topic, we have compiled some Simple Interest questions covering basic to advanced levels for effective practice and better exam preparation.

Simple Interest Questions for Bank Exams

Regular practice of different question types improves calculation speed, accuracy, and overall confidence during the exam. Understanding formulas, concepts, and shortcut methods is important for solving questions quickly. With continuous revision and practice, candidates can easily strengthen this topic and perform better in upcoming banking examinations.

Q1. A borrowed Rs. 5000 from B at simple interest. After 4 years, B received Rs. 1000 more than the amount given to A on loan. The rate of interest was:
(a) 5%
(b) 25%
(c) 20%
(d) 4%
(e) None of these

Q2. The sum of money that will give Re 1 as interest per day at 5% per annum simple interest is:
(a) Rs.3650
(b) Rs.36500
(c) Rs.730
(d) Rs.7300
(e) None of these

Q3. A man deposits Rs. 4000 in a bank at 15% per annum and Rs. 6000 in another bank at 16% per annum. Find the rate of interest for the whole sum.
(a) 15.86%
(b) 31%
(c) 14.6%
(d) 15.6%
(e) None of these

Q4. The simple interest on a sum of money is equal to the principal and the number of years is equal to the rate per cent per annum. Find the rate per cent.
(a) 25%
(b) 100%
(c) 10%
(d) Can’t be possible
(e) None of these

Q5. What annual payment will discharge a debt of Rs. 9270 due 3 years hence at the rate of 3% simple interest ?
(a) Rs. 3000
(b) Rs. 2000
(c) Rs. 2500
(d) Rs. 3500
(e) None of these

Q6. A certain sum is invested for certain time. It amounts to Rs. 400 at 10% per annum. But when invested at 4% per annum, it amounts to Rs. 200. Find the time.
(a) 100 years
(b) 75 years
(c) 50 years
(d) 60 years
(e) None of these

Q7. Sudarshan has Rs. 1500, part of which he lent at 3 per cent and the rest at 2 per cent. The whole annual interest was Rs. 32. How much did he lend at 2 per cent ?
(a) Rs. 200
(b) Rs. 1300
(c) Rs. 300
(d) Rs. 1200
(e) None of these

Q8. Rs. 1,200 amounts to Rs. 1,632 in 4 years at a certain rate of simple interest. If the rate of interest is increased by 1%, it would amount to how much ?
(a) Rs. 1635
(b) Rs. 1644
(c) Rs. 1670
(d) Rs. 1680
(e) None of these

Q9. Shudhir invested Rs. 16000 in a scheme which earned him simple interest @ 15% per annum. After two years he withdrew the principal amount plus interest and invested the entire amount in another scheme for two years, which earned him compound interest @ 12% per annum. What would be the total interest earned by Sudhir at the end of 4 years?
(a) Rs. 9792
(b) Rs. 10152.11
(c) Rs. 9012.14
(d) Rs. 6,000
(e) None of these

Q10. A certain sum of money amounted to Rs. 1020 at 9% in a time in which Rs. 720 amounted to Rs. 880 at 4%. If the rate of interest is simple, find the sum.
(a) Rs. 680
(b) Rs. 780
(c) Rs. 700
(d) Rs. 580
(e) None of these

Q11. Rs. 7930 is so divided into three parts such that their amounts after 2, 3 and 4 years respectively are equal, the simple interest being at the rate of 5% per annum. Find the difference between the greatest and the smallest parts of the sum.
(a) Rs. 250
(b) Rs. 230
(c) Rs. 280
(d) Rs. 330
(e) None of these

Q12. The amount of a certain sum with simple interest for 20 years is Rs. 586.40 and with simple interest for 10 years more is Rs. 696.35. Find the rate per cent per annum at which interest is reckoned.
(a) 3%
(b) 4%
(c) 5%
(d) 8%
(e) None of these

Q13. Rakesh borrows Rs. 3500 from a bank at SI. After three years he paid Rs. 1500 to the bank and at the end of 5 years from the date of borrowing he paid Rs. 2725 to the bank to settle the account. Find the rate of interest.
(a) 10%
(b) 5%
(c) 2.5%
(d) 4%
(e) None of these

Q14. Out of a certain sum, 1/3rd is invested at 3%, 1/6th at 6% and the rest at 8%. If the simple interest for 2 years from all these investments amounts to Rs. 600, find the original sum.
(a) Rs. 5000
(b) Rs. 6000
(c) Rs. 5200
(d) Rs. 5500
(e) None of these

Q15. On Rs. 3000 invested at a simple interest at rate of 6 per cent per annum, Rs. 900 is obtained as interest in certain years. In order to earn Rs. 1600 as interest on Rs. 4000 in the same number of years, what should be the rate of simple interest ?
(a) 7%
(b) 8%
(c) 9%
(d) Data inadequate
(e) None of these

Important Simple Interest Concepts to Remember

Simple Interest is one of the most important arithmetic topics in bank exams. Candidates should understand the basic formulas and concepts to solve questions quickly and accurately in the examination.