IMPORTANT

SIMPLE
INTEREST
QUESTIONS

FOR DIFFERENT BANK EXAMS

Simple Interest Practice Questions Free e-book

Important Simple Interest Practice Questions

For Different Bank Exams

Q1) A portion of $6600 is invested at a 5% annual return, while the remainder is

invested at a 3% annual return. If the annual income from the portion earning a 5%
return is twice that of the other portion, what is the total income from the two
investments after one year?

A. 200
B. 270
C. 250
D. 280

Correct Answer: “B”

Q2) An automobile financier claims to be lending money at the simple interest, but he
includes the interest every six months for calculating the principal. If he is charging
an interest of 10%, the effective rate of interest becomes:

A. 10%
B. 10.25%
C. 10.10%
D. 10.80%

Correct Answer: “B”

Q3) Ramesh invested an amount of Rs. 13,900 divided in two different schemes A and
B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount
of simple interest earned in 2 years be Rs. 3508, what was the amount invested in
Scheme B?

A. 6400
B. 6500
C. 7200
D. 7500

Correct Answer: “A”

Simple Interest Practice Questions Free e-book

Q4) If simple interest on a certain sum of money for 4 years at 5% per annum is same
as the simple interest on Rs. 560 for 10 years at the rate of 4% per annum then the
sum of money is:

A. 1180
B. 1120
C. 1200
D. 1250

Correct Answer: “B”

Q5) Rahul invested certain amount in three different schemes A, B and C with the rate
of interest 10% p.a., 12% p.a. and 15% p.a. respectively. If the total interest accrued in
one year was Rs. 3200 and the amount invested in Scheme C was 150% of the amount
invested in Scheme A and 240% of the amount invested in Scheme B, what was the
amount invested in Scheme B?

A. Rs 5000
B. Rs 6500
C. Rs 8000
D. Rs 10000

Correct Answer: “A”

Q6) A sum of money amounts to Rs. 8400 after 3 years and Rs. 12000 after 6 years at
the same rate of simple interest. The rate of interest per annum is

A) 25%
B) 20%
C) 52%
D) 15%

Correct Answer: “A”

Q7) Sankar borrowed some money at the rate of 4% pa for the first 4 years,6% for the
next 3 years and 7% for the next 10 years. If the total interest paid by him is
Rs.8528,how much money did he borrow?

A) 8200
B) 8328
C) 16728
D) None of these

Correct Answer: “A”

Simple Interest Practice Questions Free e-book

Q8) Babu takes a loan Rs.2000 at 5% simple interest. He returns Rs.1000 at the end of
1 year. How much amount he should pay to clear the due in 2 years.

A) 1000
B) 1150
C) 2150
D) None of these

Correct Answer: “B”

Q9) A sum of money amounts to Rs. 1500 after 3 years and Rs.2000 after 5 years at
the same rate of SI. Find the rate of interest per annum?

A) 30.3%
B) 33.03%
C) 33.33%
D) 30.30%

Correct Answer: “C”

Q10) A sum of Rs.1500 is lent out into 2 parts, one at 10% and another one at 6%. If
the total annual income is Rs.100, Find the money lent at each rate

A) 550,910
B) 520,1250
C) 1250,250
D) 250,1250

Correct Answer: “D”

Q11) Yuvraj invested 1/2 of his capital at 4% and the remainder at10%. If his annual
income is Rs.600,Find the capital

A) 8517
B) 8175
C) 8751
D) 8571

Correct Answer: “D”

Simple Interest Practice Questions Free e-book

Q12) If annual rate is of SI is increased from 8% to 11%, a man’s yearly income

increases by Rs.1500. Find the principal

A) 50,000
B) 5,000
C) 55,000
D) 50,500

Correct Answer: “D”

Q13) A Principal amount give Rs.12750 as SI for 7 years at the rate of 10% to get the
same amount of interest of 10 years, what will be the rate of interest?

A) 5%
B) 7%
C) 9%
D) 4%

Correct Answer: “B”

Q14) The difference between CI and SI on the same sum for 2 yrs at the rate of 25% pa
is Rs.1500. What is the principal lent out in each case?

A) Rs.18000
B) Rs.21000
C) Rs.23000
D) Rs.24000

Correct Answer: “D”

Q15) A sum of money becomes 7/4 of itself in 5years at a certain rate of interest. What
is the rate of interest?

A) 15%
B) 18%
C) 20%
D) 22%

Correct Answer: “A”

Simple Interest Practice Questions Free e-book

Q16) If the difference between CI and SI earned on a certain amount at 15% pa at the
end of 3 years is Rs.3200, find out the principal.

A) Rs.42560
B) Rs.42560
C) Rs.45000
D) Rs.45150

Correct Answer: “D”

Q17) A sum of money lent out at SI amount to Rs.7000 after 2 years and Rs.14000 after
a further period of 5yrs. Find the principal?

A) Rs.6300
B) Rs.5100
C) Rs. 4200
D) Rs.3700

Correct Answer: “C”

Q18) A certain amount of money amounts to Rs. 720 in 2 years and to Rs. 870 in 4(1/2)
years. Find the rate of interest if S.I. is reckoned.

A) 12%
B) 10%
C) 12.50%
D) None of these

Correct Answer: “B”

Q19) The Simple Interest on a certain sum of money for 3(1/2) years at 16% p.a. is 60
less than the SI on the same sum for 4(1/2) years at 14% p.a. Find the sum.

A) Rs.875.14
B) Rs.785.12
C) Rs.857.14
D) None of these

Correct Answer: “C”

Simple Interest Practice Questions Free e-book

Q20) A sum was put at S.I. at certain rate for 4 years. Had it been put at 6% higher
rate, it would have fetched Rs.800 more. Find the sum.

A) 1333.33
B) 3333.33
C) 1433.33
D) 3033.33

Correct Answer: “B”

Q21) The SI on a sum of money will be Rs.2500 after 5 years. In the next 5 years
Principal is trebled, what will be the total interest at the end of the 10th year?

A) Rs.20000
B) Rs.10000
C) Rs.15000
D) None of these

Correct Answer: “B”

Q22) A sum of money becomes 8 times at SI rate of 5% p.a. At what rate percent will it
become twelve-fold?

A) 6(6/7)%
B) 5(6/7)%
C) 7(6/7)%
D) None of these

Correct Answer: “C”

Q23) At what percent per annum will be SI on sum of money is equal to 3/5 of the
amount in 5 years.

A) 10%
B) 20%
C) 30%
D) 40%

Correct Answer: “C”

Simple Interest Practice Questions Free e-book

Q24) Priya borrows 1000 rupees at the rate of 11% per annum on SI and rahul borrows
780 rupees at the rate of 15% per annum on SI. In how many years will the amount of
debt of priya and rahul be equal.

A) 31.3/7 yrs
B) 31.2/7 yrs
C) 32.1/7 yrs
D) 32.2/7 yrs

Correct Answer: “A”

Q25) A sum of 8000 rupees is divided between two people A and B at the rate of
interest of 4% and 5% respectively. The total interest earned after 2 years is equal to
750. Then find the ratio of investment between A and B.

A) 3:11
B) 5:11
C) 6:11
D) 7:11

Correct Answer: “B”

Q26) Ravi invested 20000 rupee in fixed deposit at the rate of 10% simple interest.
After every 3 rd year he added interest to principal. Find the interest earned at the end
of 6th year.

A) 7800
B) 8000
C) 7600
D) 8200

Correct Answer: “A”

Q27) A statue is priced at 15000 rupees. But a person wants instalment on the statue.
So, he gave 10000 rupee cash and make an instalment of rupees 650 for 8 months.
Find the rate of interest charged by the shopkeeper.

A) 4%
B) 6%
C) 8%
D) 10%

Correct Answer: “B”

Simple Interest Practice Questions Free e-book

Q28) A sum was put at a certain rate of interest for four years. Had it been put at a rate
of interest 4% higher than the previous rate of interest, it would have fetched Rs. 80
more. What is the sum?

A) 450
B) 500
C) 700
D) 475

Correct Answer: “B”

Q29) A certain sum of money at certain rate of interest becomes Rs 3420 after 2 years
and at same rate after two and a half years becomes Rs 3525. Find the rate percent
per annum.

A) 8.5%
B) 8%
C) 7%
D) 10%

Correct Answer: “C”

Q30) Rs 240 amounts to Rs 259.2 in 2 years, what will Rs 320 amount to in 4 yrs?

A) Rs 454.5
B) Rs 365.2
C) Rs 485.2
D) Rs 371.2

Correct Answer: “D”

Q31) Ramesh divides Rs 4702 among A, B, and C, so that if the amounts being
invested at 4% simple interest, the amounts received after 2, 3 and 4 yrs by A, B, and
C respectively is equal. Find the share of B?

A) Rs 1,458
B) Rs 1,556
C) Rs 2,358
D) Rs 1,237

Correct Answer: “B”

Simple Interest Practice Questions Free e-book

Q32) Rs 6200 is lent in two parts, one part at 6% for 5 years and second part at 8% for
4 years. After 5 years and 4 years respectively, the interests received from both parts
is same. Find the amount lend at 6%.

A) Rs 3,100
B) Rs 3,200
C) Rs 3,550
D) Rs 3,250

Correct Answer: “B”

Q33) Rs 15,000 is to be invested in 2 schemes, one part is invested in scheme A which

offers 9.5% rate of interest and remaining part is invested in scheme B which offers
5% rate on interest. After 3 years, a total of Rs 3600 is received as simple interest.
What is the part invested in scheme A?

A) Rs 10,000
B) Rs 9,000
C) Rs 11,500
D) Rs 10,500

Correct Answer: “A”

Q34) A certain sum of money invested at 4% for 9 years yields Rs 1980 as simple
interest. At what rate of interest the same amount can be received on the same sum
after 6 years?

A) 8.5%
B) 7%
C) 6.5%
D) 6%

Correct Answer: “D”

Q35) The simple interest on a sum of money will be rupees 210 after 3 years. In the
next 3 years, principal become 4 times, then the total interest at the end of 6 years.

A) 1020
B) 1050
C) 1080
D) 1100

Correct Answer: “B”

Simple Interest Practice Questions Free e-book

Q36) A sum of 5000 is invested in which the investor gets 800 as simple interest at the
rate of 4 percent per annum. To get an interest of 2000 rupees on the same sum in the
same number of years, what will be the rate of interest?

A) 5%
B) 10%
C) 15%
D) 20%

Correct Answer: “B”

Q37) Rakesh borrowed rupees 5000 from a bank ABC at simple interest. He pays bank
3000 rupees at the end of 3 years and again he pays 2500 at the end of 5 years from
the date of borrowing, Find the rate of interest charged by bank.

A) 50/21 %
B) 50/19 %
C) 50/23 %
D) 50/23 %

Correct Answer: “B”

Q38) A sum of rupees is divided between three people A, B and C in such a way that
after 2 years, 3 years and 4 years respectively the amount they get is equal. The rate
of interest is 10 percent. Find the ratio in which the amount is divided.

A) 91:43:78
B) 91:84:78
C) 90:43:78
D) 91:47:89

Correct Answer: “B”

Q39) Mohan invested 20000 rupee in fixed deposit at the rate of 10% simple interest.
After every 3rd year he added interest to principal. Find the interest earned at the end
of 6th year.

A) 7800
B) 8000
C) 7600
D) 8200

Correct Answer: “A”

Simple Interest Practice Questions Free e-book

Q40) Arya borrows rupees 6000 from a bank at SI. After 4 years she paid Rs 2500 to
the bank and at the end of 5 years from the date of borrowing he paid Rs 4560 to
settle the account. Find the rate of interest (approx)

A) 3.25%
B) 3.50%
C) 3.85%
D) 4%

Correct Answer: “C”

Q41) A sum of rupees 4800 is lent out in two parts in such a way that the interest on
one part at 10% for 4 years is equal to that on another part at 8% for 7 years. Find the
two sums

A) 2800, 2000
B) 2400, 2400
C) 2600, 2200
D) 2700, 2100

Correct Answer: “A”

Q42) What annual instalment will discharge a debt of rupees 1060 due in 4 years at 4
% simple interest?

A) 200
B) 250
C) 300
D) 400

Correct Answer: “B”

Q43) A person makes a fixed deposit of Rs. 20000 in Bank of India for 3 years. If the
rate of interest be 13% SI per annum charged half yearly. What amount will he get
after 42 months?

A. 29100
B. 28100
C. 27100
D. 26100

Correct Answer: “A”

Simple Interest Practice Questions Free e-book

Q44) Ankita borrowed some money from at the rate of 6% per annum for the first 3
year, @ the rate of 9% per annum for the next 5 year and @ the rate of 13% per annum
for the period beyond 8 year. If she pays a total interest of Rs.8160 at the end of 11
year. How much money did she borrow?

A. 10000
B. 8000
C. 6000
D. 4000

Correct Answer: “B”

Q45) A portion of Rs.6600 is invested at a 5% per annum, while the remainder is

invested at a 3% per annum. If the annual income from the portion earning a 5% per
annum is twice that of the other portion, what is the total income from the two
investments after one year?

A. Rs.270
B. Rs.370
C. Rs.250
D. Rs.280

Correct Answer: “A”

Q46) The Principal on which a simple interest of Rs.55 will be obtained after 9 months
at the rate of 11/3% per annum is ___________

A. 2500
B. 1500
C. 1000
D. 2000

Correct Answer: “D”

Q47) Mr. Raju finds that due to a fall in the rate of interest from 9% to 6%, his yearly
income diminishes by Rs.267. His capital is?

A. Rs.3800
B. Rs.8400
C. Rs.8600
D. Rs.8900

Correct Answer: “D”

Simple Interest Practice Questions Free e-book

Q48) Out of Rs. 50,000 that a man has, he lends Rs. 8,000 at 11/2 % per annum simple
interest and Rs. 24,000 at 6% per annum simple interest. He lends the remaining
money at a certain rate of interest so that he gets total annual interest of Rs. 3,680.
The rate of interest per annum, at which the remaining money is lent, is?

A. 5%
B. 7%
C. 10%
D. 12%

Correct Answer: “C”

Q49) Suresh lends 40% of his money at 15% per annum, 50% of the rest at 10% per
annum and the rest at 18% per annum rate of interest. What would be the annual rate
of interest, if the interest is calculated on the whole sum?

A. 18.5%
B. 14.4%
C. 16.5%
D. 19.5%

Correct Answer: “B”

Q50) Mayank invested a certain sum of money in a simple interest bond, that value
grew to Rs. 300 at the end of 3 year and to Rs. 400 at the end of another 5 year. Then
what was the rate of interest in which he invested his sum?

A. 12%
B. 12.5%
C. 6.67%
D. 8.33%

Correct Answer: “D”

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