SBI PO Simple & Compound Interest — practice questions
21 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice SBI PO Simple & Compound Interest in the app →Find the simple interest on Rs 10,000 borrowed at 15 per cent per annum for 2 years.Find the simple interest on Rs 15,000 at 5 per cent per annum after 2 years.Rs 20,000 is borrowed for 2 years at 8 per cent compounded annually. What amount is repayable?On Rs 20,000 for 2 years at 8 per cent, how much more is compound interest than simple interest?On Rs 20,000 at 8 per cent compounded annually, what is the interest for the second year alone?Find the compound interest on Rs 12,600 for 2 years at 10 per cent compounded annually.Find the compound interest on Rs 8,000 for 2 years at 5 per cent compounded annually.Rs 100 is invested at 10 per cent compounded annually. What is the amount at the end of 3 years?A city of 20,000 people grows at 5 per cent per annum. What is its population after 3 years?A television bought for Rs 21,000 depreciates by 5 per cent in a year. What is its value after one year?A city of 12 lakh grows at 4 per cent per annum. What is its population after 2 years?Jeans marked Rs 1,450 get a 10 per cent discount, then 5 per cent sales tax. What is finally paid?Interest, in the banking sense, is best described as:A sum of 10,000 is borrowed at 15% per annum simple interest for 2 years. The amount repayable is:Find the simple interest on 15,000 at 5% per annum for 2 years.Compound interest differs from simple interest because compound interest is calculated on:20,000 is borrowed for 2 years at 8% compounded annually. The compound interest is:For 10,000 at 10% per annum for 2 years, compound interest exceeds simple interest by:Find the simple interest on 5,000 at 8% per annum for 3 years.At simple interest, a sum doubles itself in 8 years. The annual rate is:For the same principal, rate and a period of one year, compound interest compounded annually is: