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SBI Clerk Simple Interest — practice questions — page 3

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 61–80 of 80.

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 →A 6,000 rupee loan at 5 per cent for 2 years has a payoff of:Read the answer and worked solution →For a loan quoted in days, the daily rate divides the annual rate by:Read the answer and worked solution →The day count convention described as Actual is paired with:Read the answer and worked solution →Some banks instead treat a year as having how many days?Read the answer and worked solution →Using 360 rather than 365 days makes the interest charged:Read the answer and worked solution →Money the depositor earns from a bank account is also called:Read the answer and worked solution →The total value of an investment after interest is added is its:Read the answer and worked solution →Match each term to what it meansRead the answer and worked solution →Work out the simple interestRead the answer and worked solution →True or false about simple interestRead the answer and worked solution →Order the steps of a loan calculationRead the answer and worked solution →Fill the gaps on interestRead the answer and worked solution →Pick the right answer, quicklyRead the answer and worked solution →Does it raise the interest or lower it?Read the answer and worked solution →Spot the one that does not fitRead the answer and worked solution →

Worked practice questions

Simple interest on 5,000 rupees at 6 per cent for 3 years is:

  1. 900 rupees
  2. 600 rupees
  3. 300 rupees
  4. 150 rupees
Show answer and solution

Correct answer: A. 900 rupees

1. One year of interest is 6 per cent of 5,000, that is 300. 2. Three years give three times that. 3. 300 times 3 comes to 900 rupees. _Source: OpenStax 'Contemporary Mathematics', Ch 6 'Money Management' (CC BY)_

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Simple interest on 8,000 rupees at 5 per cent for 2 years is:

  1. 600 rupees
  2. 800 rupees
  3. 400 rupees
  4. 200 rupees
Show answer and solution

Correct answer: B. 800 rupees

1. One year gives 5 per cent of 8,000, that is 400. 2. Two years double it. 3. The interest is 800 rupees. _Source: OpenStax 'Contemporary Mathematics', Ch 6 'Money Management' (CC BY)_

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Simple interest on 12,000 rupees at 10 per cent for 6 months is:

  1. 900 rupees
  2. 150 rupees
  3. 600 rupees
  4. 300 rupees
Show answer and solution

Correct answer: C. 600 rupees

1. A full year gives 10 per cent of 12,000, that is 1,200. 2. Six months is half a year. 3. Half of 1,200 is 600 rupees. _Source: OpenStax 'Contemporary Mathematics', Ch 6 'Money Management' (CC BY)_

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More Quantitative Aptitude topics

InterestSquare RootsSimple & Compound InterestMensurationPercentagesShortcutsSquares And RootsMultiplication