SBI CLERK|APPRENTICE EXAM 2021|QUANT QUESTIONS

 for more simple and compound interest question click on this:

1. The simple interest on a certain principal for a time period of 2 years at 16%p.a. is Rs. 1280. If

the same principal is invested at 10% p.a. compound interest compounded annually, what will be

the amount after 2 years?

1) 800          

2) 900              

3) 4840                

4) 630                     

5) 1050


2. Kiran borrowed a sum of 5100 from a bank and promised to pay the amount in 2 annual equal

installments at the rate of 4% per annum C.I. find the value of each installment?

1) 2700                

2) 2810                

3) 2704                    

4) 2604        

5) 2900


3.Anil purchases a suit for 1720 cash or for 1000 cash down payments and two monthly installments of 

1) 120%                

2) 100%                

3) 80%                      

4) 135%                  

5)150%


4. A sum of money amounts to Rs. 240 after a year at 20% per annum compound interest. What will be

the amount if ten times the money invested in the above scheme is invested in another scheme for two

years where the interest is compounded annually, but the rate in this scheme is half of the rate of

previous scheme?

1) 2400        

2) 2420                  

3) 2480                    

4) 2460                     

5) 2500


5.  Karthik invested two different amounts in two different plans. One of the plans returns 20%

compound interest per annum (compounded annually) and the other plan returns 20% simple interest

per annum. If the total compound interest earned in two years from the former plan is equal to the

simple interest earned in four years in latter plan, what was the respective ratio of amounts invested in

the two plans?

1) 20:11                

2) 40:21                

3) 40:11                    

4) 11:15                  

5) 11:20


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