# Financial Problems-Simple and Compound Interest (Bank-PO Quantitative-Aptitude): Questions 1 - 6 of 18

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## Question number: 1

» Financial Problems » Simple and Compound Interest

### Question

The compound interest earned by Suresh on a certain amount at the end of 2 years at the rate of 8 % p. a. Was Rs. 1414.4. What was the total amount that Suresh got back at the end of two years in the form of principal plus interest earned? (SBI PO 2012)

### Choices

Choice (4) | Response | |
---|---|---|

a. | Rs. 9, 914.4 | |

b. | Rs. 9014.4 | |

c. | Rs. 8914.4 | |

d. | Rs. 9414.4 |

## Question number: 2

» Financial Problems » Simple and Compound Interest

### Question

The simple interest accrued on an amount of Rs. 22, 500 at the end of four years is Rs. 10, 800. What would be the compound interest accrued on the same amount at the same rate of interest at the end of two years? (IBPS PO 2011)

### Choices

Choice (4) | Response | |
---|---|---|

a. | Rs. 5, 724 | |

b. | Rs. 28, 224 | |

c. | Rs. 8, 586 | |

d. | Rs. 16, 908 |

## Question number: 3

» Financial Problems » Simple and Compound Interest

### Question

What is the difference between the simple and the compound interest on Rs. 7300 at the rate of 6 % p. a for 2 years? (IBPS PO 2013)

### Choices

Choice (4) | Response | |
---|---|---|

a. | 21.34 | |

b. | 31.41 | |

c. | 29.37 | |

d. | 26.28 |

## Question number: 4

» Financial Problems » Simple and Compound Interest

### Question

Find the compound interest on Rs. 20000 in 1 year at 6 % p. a compounded half yearly.

### Choices

Choice (4) | Response | |
---|---|---|

a. | 1218 | |

b. | 1210 | |

c. | 1219 | |

d. | 1217 |

## Question number: 5

» Financial Problems » Simple and Compound Interest

### Question

The difference amounts S. I. for 1 year and C. I. for 2 years at 10 % per annum is Rs. 220. Find the principal.

### Choices

Choice (4) | Response | |
---|---|---|

a. | Rs. 1750 | |

b. | Rs. 3000 | |

c. | Rs. 1600 | |

d. | Rs. 2000 |

## Question number: 6

» Financial Problems » Simple and Compound Interest

### Question

Find the compound interest on Rs. 15000, at 16 % p. a for 9 months compounded quarterly

### Choices

Choice (4) | Response | |
---|---|---|

a. | 1672 | |

b. | 1972 | |

c. | 1872 | |

d. | 1772 |