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SBI Clerk Simple Interest — practice questions — page 2

Explore 80 free Simple 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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Simple Interest questions and exercises with answers

Showing questions 31–60 of 80.

The percent of principal paid as interest each year is the annual:Read the answer and worked solution →The length of time until a loan must be paid off is its:Read the answer and worked solution →The day a loan is issued is called the:Read the answer and worked solution →Simple interest differs from a plain percent calculation by also being:Read the answer and worked solution →The total a borrower must repay is often called the loan:Read the answer and worked solution →Interest paid to a lender is almost always rounded:Read the answer and worked solution →When the future value is paid out, the amount is typically rounded:Read the answer and worked solution →In the future value formula, the amount invested at the start is the:Read the answer and worked solution →A term given in months is converted to years by dividing by:Read the answer and worked solution →A term given in days is converted to years using a denominator of:Read the answer and worked solution →An investment reaching a future value of $1,100.50 ran for:Read the answer and worked solution →Someone who invests in a company's stock acts as the:Read the answer and worked solution →Match each term to what it namesRead the answer and worked solution →Sort each item by whose side it is onRead the answer and worked solution →True or false about simple interestRead the answer and worked solution →Order a simple interest calculationRead the answer and worked solution →Fill the gaps on simple interestRead the answer and worked solution →Rounded up, or rounded down?Read 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 →

Worked practice questions

The percent of principal paid as interest each year is the annual:

  1. Percentage range
  2. Percentage record
  3. Percentage rate
  4. Percentage ratio
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Correct answer: C. Percentage rate

1. It applies for each year the money is borrowed. 2. The larger the sum, the more must be repaid. 3. It is the annual percentage rate. _Source: OpenStax, Contemporary Mathematics, Ch 6 'Money Management'_

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The length of time until a loan must be paid off is its:

  1. Tier
  2. Trace
  3. Trend
  4. Term
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Correct answer: D. Term

1. It is fixed when the loan is made. 2. It is measured in years for an annual rate. 3. It is the term of the loan. _Source: OpenStax, Contemporary Mathematics, Ch 6 'Money Management'_

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The day a loan is issued is called the:

  1. Origination date
  2. Origination datum
  3. Origination detail
  4. Origination decree
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Correct answer: A. Origination date

1. The date it must be repaid is when the loan is due. 2. The other end of the period has its own name. 3. It is the origination date. _Source: OpenStax, Contemporary Mathematics, Ch 6 'Money Management'_

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More Quantitative Aptitude topics

InterestSquare RootsSimple & Compound InterestMensurationPercentagesShortcutsSquares And RootsMultiplication