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SBI Clerk Interest — practice questions — page 3

Explore 105 free Interest questions in SBI Clerk Quantitative Aptitude. Open each question or exercise to read its content, reference answers and available explanation.

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Interest questions and exercises with answers

Showing questions 61–90 of 105.

Oksana's CD was worth how much after 4 years?Read the answer and worked solution →Compounding monthly for 30 years would need how many periods?Read the answer and worked solution →Working out 360 periods one by one is described as:Read the answer and worked solution →Compounding monthly means the number of periods per year is:Read the answer and worked solution →Compounding quarterly means the number of periods per year is:Read the answer and worked solution →A CD in these examples stands for a certificate of:Read the answer and worked solution →Cody's account at 4.5 per cent compounded how many times a year?Read the answer and worked solution →Simple interest or compound interest?Read the answer and worked solution →Match each case to its figureRead the answer and worked solution →True or false about compoundingRead the answer and worked solution →Order one year of compoundingRead the answer and worked solution →Sort each figure by whose account it isRead the answer and worked solution →Fill the gaps on compound interestRead the answer and worked solution →Spot the one that does not fitRead the answer and worked solution →Pick the right answer, quicklyRead the answer and worked solution →The word percent comes from a Latin phrase meaning:Read the answer and worked solution →Any percent is a number divided by:Read the answer and worked solution →Can a percent be greater than 100?Read the answer and worked solution →The amount borrowed on which interest is charged is the:Read the answer and worked solution →The percent of principal paid as interest each year is the:Read the answer and worked solution →Simple interest is calculated on:Read the answer and worked solution →To find simple interest, the percent calculation is multiplied by the:Read the answer and worked solution →The principal plus the interest owed is called the loan:Read the answer and worked solution →Simple interest on 4,000 rupees at 5.5 per cent for 4 years is:Read the answer and worked solution →Simple interest on 20,000 rupees at 6.75 per cent for 4 months is:Read the answer and worked solution →Simple interest on 5,000 rupees at 6 per cent for 3 years is:Read the answer and worked solution →Simple interest on 8,000 rupees at 5 per cent for 2 years is:Read the answer and worked solution →Simple interest on 12,000 rupees at 10 per cent for 6 months is:Read the answer and worked solution →Simple interest on 15,000 rupees at 4 per cent for 5 years is:Read the answer and worked solution →A 10,000 rupee loan at 8 per cent for 3 years has a payoff of:Read the answer and worked solution →

Worked practice questions

Oksana's CD was worth how much after 4 years?

  1. $5,726.54
  2. $5,627.54
  3. $5,672.54
  4. $5,762.54
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Correct answer: B. $5,627.54

1. The principal was $5,000 at 3 per cent. 2. Interest compounded annually for four years. 3. The CD was worth $5,627.54. _Source: OpenStax, Contemporary Mathematics, Ch 6 'Money Management'_

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Compounding monthly for 30 years would need how many periods?

  1. 330
  2. 390
  3. 360
  4. 300
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Correct answer: C. 360

1. There are twelve months in a year. 2. The term runs for thirty years. 3. That gives 360 periods. _Source: OpenStax, Contemporary Mathematics, Ch 6 'Money Management'_

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Working out 360 periods one by one is described as:

  1. Not realistic
  2. Not relevant
  3. Not reliable
  4. Not reasonable
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Correct answer: D. Not reasonable

1. The step by step method breaks down at that scale. 2. A formula is used instead. 3. The long approach is not a reasonable one. _Source: OpenStax, Contemporary Mathematics, Ch 6 'Money Management'_

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More Quantitative Aptitude topics

Simple InterestSquare RootsSimple & Compound InterestMensurationPercentagesShortcutsSquares And RootsMultiplication