Start learning →

IBPS Clerk Simple & Compound Interest — practice questions

Explore 16 free Simple & Compound Interest questions in IBPS Clerk Quantitative Aptitude. Open each question or exercise to read its content, reference answers and available explanation.

Practise Simple & Compound Interest with Quill →

Simple & Compound Interest questions and exercises with answers

Showing questions 1–16 of 16.

Find the simple interest on Rs 10,000 borrowed at 15 per cent per annum for 2 years.Read the answer and worked solution →Find the simple interest on Rs 15,000 at 5 per cent per annum after 2 years.Read the answer and worked solution →Rs 20,000 is borrowed for 2 years at 8 per cent compounded annually. What amount is repayable?Read the answer and worked solution →On Rs 20,000 for 2 years at 8 per cent, how much more is compound interest than simple interest?Read the answer and worked solution →On Rs 20,000 at 8 per cent compounded annually, what is the interest for the second year alone?Read the answer and worked solution →Find the compound interest on Rs 12,600 for 2 years at 10 per cent compounded annually.Read the answer and worked solution →Find the compound interest on Rs 8,000 for 2 years at 5 per cent compounded annually.Read the answer and worked solution →Rs 100 is invested at 10 per cent compounded annually. What is the amount at the end of 3 years?Read the answer and worked solution →A city of 20,000 people grows at 5 per cent per annum. What is its population after 3 years?Read the answer and worked solution →A television bought for Rs 21,000 depreciates by 5 per cent in a year. What is its value after one year?Read the answer and worked solution →A city of 12 lakh grows at 4 per cent per annum. What is its population after 2 years?Read the answer and worked solution →Jeans marked Rs 1,450 get a 10 per cent discount, then 5 per cent sales tax. What is finally paid?Read the answer and worked solution →Catch the interest termsRead the answer and worked solution →Interest and taxes: true or false?Read the answer and worked solution →Build compound interest, step by stepRead the answer and worked solution →Knock out the interest mythsRead the answer and worked solution →

Worked practice questions

Find the simple interest on Rs 10,000 borrowed at 15 per cent per annum for 2 years.

  1. Rs 1,500
  2. Rs 2,500
  3. Rs 3,000
  4. Rs 3,500
Show answer and solution

Correct answer: C. Rs 3,000

1. Interest for one year = (15/100) x 10000 = Rs 1,500. 2. Under simple interest the principal never changes. 3. Interest for 2 years = 1500 x 2 = Rs 3,000. 4. The amount repayable would be 10000 + 3000 = Rs 13,000. _Source: syllabus Maths Ch7 'Comparing Quantities', Example 7_

Open this question →

Find the simple interest on Rs 15,000 at 5 per cent per annum after 2 years.

  1. Rs 750
  2. Rs 1,750
  3. Rs 3,000
  4. Rs 1,500
Show answer and solution

Correct answer: D. Rs 1,500

1. Interest for one year = (5/100) x 15000 = Rs 750. 2. Simple interest keeps the same principal each year. 3. Interest for 2 years = 750 x 2 = Rs 1,500. 4. Amount after 2 years = 15000 + 1500 = Rs 16,500. _Source: syllabus Maths Ch7 'Comparing Quantities', TRY THESE after Example 7_

Open this question →

Rs 20,000 is borrowed for 2 years at 8 per cent compounded annually. What amount is repayable?

  1. Rs 23,328
  2. Rs 23,200
  3. Rs 23,128
  4. Rs 24,000
Show answer and solution

Correct answer: A. Rs 23,328

1. Interest for year 1 = (8/100) x 20000 = Rs 1,600. 2. Principal for year 2 = 20000 + 1600 = Rs 21,600. 3. Interest for year 2 = (8/100) x 21600 = Rs 1,728. 4. Amount at the end of year 2 = 21600 + 1728 = Rs 23,328. 5. Using the formula, 20000 x (1.08) squared gives the same Rs 23,328. _Source: syllabus Maths Ch7 'Comparing Quantities', section 7.4_

Open this question →

How to practise

  1. Choose a Simple & Compound Interest question and try to work out your answer.
  2. Open the question to check the correct answer and read its worked solution.
  3. Continue in the app for bite-sized lessons, explanations and review with Quill. You can start without creating an account.

Put it into practice

Continue with Simple & Compound Interest practice for IBPS Clerk. Read explanations as you go. No signup form needed to start.

Practise Simple & Compound Interest →

More Quantitative Aptitude topics

Simple InterestPercentageInterestMensurationMultiplicationNumber PropertiesNumber SensePercentages