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IBPS Clerk CWE Exam Quantitative Aptitude Study Material

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Simple and compound interest

A tape recorder is sold for 3500₹ cash, or 1000 ₹cash down payment and the balance in three equal easy installments. If 12 1/2% is the rate of interest compounded annually, find the amount of installment.

a) 1050.65₹
b) 1049.83₹
c) 1000.35₹
d) 1100.45₹

✔Answer

Correct Answer Is : 1049.83₹

Solution Is :

A certain sum when invested at 5% interest compounded annually for 3 years yields an interest of Rs.2,522. Find the Principal?

a) Rs . 12,522
b) Rs. 15,200
c) Rs. 16,000
d) Rs. 1`7,200

✔Answer

Correct Answer Is : Rs. 16,000

Solution Is :

Find the difference between SI and CI on Rs2000 in 2 yr at 6% per annum.

a) Rs 7.30
b) Rs 7.10
c) Rs 7.00
d) Rs 7.20

✔Answer

Correct Answer Is : Rs 7.20

Solution Is :

Anil lent Rs 1000 to soured for 4yr and Rs 3000 to Vinod for 2 yr. If he received Rs 900 as simple interest altogether, the rate of interest is

a) 5%
b) 7%
c) 8%
d) 9%

✔Answer

Correct Answer Is : 9%

Solution Is :

A sum of 800 becomes 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, What amount will the same sum become is 3 years ?

a) 1024
b) 1025
c) 1052
d) 1042

✔Answer

Correct Answer Is : 1052

Solution Is :

A certain sum amounts to 1725 at 15% per annum at simple interest and 1800 in the same time at 20% per annum at simple interest. Find the sum.

a) 1650
b) 1200
c) 1700
d) 1500

✔Answer

Correct Answer Is : 1500

Solution Is :

A sum of money amounts to Rs. 1,352 in 2 years at 4% per annum of compound interest. The sum is

a) Rs. 1,200
b) Rs. 1,250
c) Rs. 1,280
d) Rs. 1,296

✔Answer

Correct Answer Is : Rs. 1,250

Solution Is :

A sum of money lent at simple interest amounts to Rs. 880 in 2 years and to Rs. 920 in 3 years. The sum of money (in rupees) is

a) 700
b) 760
c) 784
d) 800

✔Answer

Correct Answer Is : 800

Solution Is :

At a certain rate of simple interest, a certain sum of money becomes double of itself in 10 years. It will become treble of itself in

a) 15 years
b) 18 years
c) 20 years
d) 30 years

✔Answer

Correct Answer Is : 20 years

Solution Is :

A man invests half his capital at the rate of 10% per annum, onethird at 9% and the rest at 12% per annum. The average rate of interest per annum, which he gets, is

a) 0.09
b) 0.1
c) 0.105
d) 0.12

✔Answer

Correct Answer Is : 0.1

Solution Is :

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IBPS Clerk CWE Exam Quantitative Aptitude Study Material

Simple and compound interest

A tape recorder is sold for 3500₹ cash, or 1000 ₹cash down payment and the balance in three equal easy installments. If 12 1/2% is the rate of interest compounded annually, find the amount of installment.

Correct Answer Is : 1049.83₹

Solution Is :

A certain sum when invested at 5% interest compounded annually for 3 years yields an interest of Rs.2,522. Find the Principal?

Correct Answer Is : Rs. 16,000

Solution Is :

Find the difference between SI and CI on Rs2000 in 2 yr at 6% per annum.

Correct Answer Is : Rs 7.20

Solution Is :

Anil lent Rs 1000 to soured for 4yr and Rs 3000 to Vinod for 2 yr. If he received Rs 900 as simple interest altogether, the rate of interest is

Correct Answer Is : 9%

Solution Is :

A sum of 800 becomes 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, What amount will the same sum become is 3 years ?

Correct Answer Is : 1052

Solution Is :

A certain sum amounts to 1725 at 15% per annum at simple interest and 1800 in the same time at 20% per annum at simple interest. Find the sum.

Correct Answer Is : 1500

Solution Is :

A sum of money amounts to Rs. 1,352 in 2 years at 4% per annum of compound interest. The sum is

Correct Answer Is : Rs. 1,250

Solution Is :

A sum of money lent at simple interest amounts to Rs. 880 in 2 years and to Rs. 920 in 3 years. The sum of money (in rupees) is

Correct Answer Is : 800

Solution Is :

At a certain rate of simple interest, a certain sum of money becomes double of itself in 10 years. It will become treble of itself in

Correct Answer Is : 20 years

Solution Is :

A man invests half his capital at the rate of 10% per annum, onethird at 9% and the rest at 12% per annum. The average rate of interest per annum, which he gets, is

Correct Answer Is : 0.1

Solution Is :

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