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Simple Interest Problems with Solutions for Bank Exams

4 years ago 16.8K Views
Q :  

The simple interest on a sum of money for 3 years is ₹240 and the compound interest on the same sum, at the same rate  for 2 years is ₹170. The rate of interest is 

(A)

(B)

(C)

(D)

Correct Answer : C

Q :  

How much interest will be received in 2.5 years at the rate of 4 percent simple interest of Rs. 3,680?

(A) Rs. 72

(B) Rs. 368

(C) Rs. 92

(D) Rs. 455

Correct Answer : B

Q :  

A sum is to be paid back in 3 equal annual instalments. The interest is compound annually at 30% per annum. If each instalment be Rs.21970 then what is the sum?

(A) Rs.39,800

(B) Rs.39,900

(C) Rs.39,950

(D) Rs.39,990

Correct Answer : B

Q :  

Mohit borrowed Rs. 22000 at 5% simple interest repayable in 5 equal installments. What will be the annual installment payable by him?

(A) Rs 4800

(B) Rs 5500

(C) Rs 4600

(D) Rs 500

Correct Answer : C

Q :  

If the simple interest on a certain sum of money for 2 years in one fifth of the Principal, then find rate of interest per annum. 

(A) 25%

(B) 15%

(C) 10%

(D) 20%

Correct Answer : C

If you are facing any problems in the simple interest problems with solutions, ask me in the comment section without any hesitation.

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