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Home Aptitude Simple Interest Comments

  • Question
  • A certain bank offers 8% rate of interest on the 1st year and 9% on the 2nd year in a certain fixed deposit scheme. If Rs 17,658 are received after investing for 2 years in this scheme, then what was the amount (in Rs) invested?


  • Options
  • A. 16000
  • B. 15000
  • C. 15500
  • D. 16500

  • Correct Answer
  • 15000 

  • Tags: Bank Exams

    Simple Interest problems


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    • 1. A sum of Rs. 4000 is lent out in two parts, one at 8% simple interest and the other at 10% simple interest. If the annual interest is Rs. 352. The sum lent at 8% is

    • Options
    • A. Rs. 2900
    • B. Rs. 2200
    • C. Rs. 2400
    • D. Rs. 3100
    • Discuss
    • 2. The rate of simple interest per annum at which a sum of money double itself in 162?3 yrs. is

    • Options
    • A. 4%
    • B. 5%
    • C. 6%
    • D. 6 2/3%
    • Discuss
    • 3. A sum becomes Rs 1392 in 2 years and Rs 1488 in 3 years at simple interest. What is the rate (in percentage) of interest per annum?

    • Options
    • A. 8
    • B. 10
    • C. 12
    • D. 8.5
    • Discuss
    • 4. The simple interest on a certain sum of money at the rate of 5% per annum for 8 years is Rs. 840 . Rate of interest for which the same amount of interest can be received on the same sum after 5 years is

    • Options
    • A. 7%
    • B. 8%
    • C. 9%
    • D. 10%
    • Discuss
    • 5. Simple interest on a certain sum of money for 3 years at 18% per annum is half the compound interest on Rs. 9000 for 2 years at 10% per annum. The sum placed on simple interest is:

    • Options
    • A. Rs 3500
    • B. Rs 875
    • C. Rs 1750
    • D. Rs 1400
    • Discuss
    • 6. What is the difference (in Rs) in Compound interest earned in 1 year on a sum of Rs 10,000 at 40% per annum compounded quarterly and annually?

    • Options
    • A. 461
    • B. 346
    • C. 463
    • D. 641
    • Discuss
    • 7. Simple interest on a sum for six months at 5% per annum is Rs 65.5.What is the value (in Rs) of sum ?

    • Options
    • A. 2600
    • B. 2620
    • C. 1320
    • D. 2880
    • Discuss
    • 8. Simple interest on a sum for 5 years is equal to 20% of the principal. In how many years interest will be equal to the principal?

    • Options
    • A. 20
    • B. 25
    • C. 15
    • D. 16
    • Discuss
    • 9. A bank offers 9% p.a. simple interest on an investment. At the end of 4 years the interest earned was $215. How much was invested?

    • Options
    • A. 597.22
    • B. 345
    • C. 456
    • D. 378
    • Discuss
    • 10. An amount of $255 was invested at 8.5% p.a. How long will it take, to the nearest year, to earn $86.70 in interest?

    • Options
    • A. 2years
    • B. 3years
    • C. 4years
    • D. 5years
    • Discuss


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