problems on simple interest and compound interest for bank exams - Interview Questions

problems on simple interest and compound interest for bank exams

Ramakant wants to earn Rs. 1500 interest on his deposits. He plans to buy a sack of grains with the interest. He puts Rs. 5,000 into his account that earns 2.5% interest. How long will he need to leave his money in the account to earn this interest that would help him buy the sack of grains ?

Answer : C . 12 years

Alok deposits Rs.5000 in his bank account for 5 years to earn an interest of 12%. What amount will he get after 5 years ?

Answer : D . 8000

The simple interest earned on a certain amount is double the amount when invested for 10 years. What is the interest rate being offered ?

Answer : B. 20%

If the simple interest on a certain sum of money is 4/25 of the sum and the rate percent equals the number years, then the rate of interest per annum is ?

Answer : A. 4 %…

Vijay invested Rs.50,000 partly at 10% and partly at 15%. His total income after a year was Rs.7000. How much did he invest at the rate of 10% ?

Answer : A. 40,000…

A certain sum amounts to Rs. 7000 in 2 years and to Rs. 8000 in 3 years. Find the sum ?

Answer : C. Rs 5359.37…

The ratio of the amount for two years under compound interest annually and for one year under simple interest is 6:5. When the rate of interest is same, then the value of rate of interest is ?

Answer : A. 20 %…