simple interest problems for bank exams - Interview Questions

simple interest problems for bank exams

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 %…