BANKING Content

Simple and compound interest for IBPS PO 1

Instructions

For the following questions answer them individually

Q 1

The compound interest earned by Suresh on a certain amount at the end of two years at the rate of 8 p.c.p.a was Rs. 1,414.4. What was the total amount that Suresh got back at the end of two years in the form of principal plus interest earned?

Q 2

If the difference in compound interest and simple interest for a principal amount of 5000 with a rate of 10% is 50. Find the duration for which interests were calculated?

Q 3

If the amount Rs. 102300 is distributed among 33 children. What would be the difference in the amount that each child would have got had the number of children been 100?

Q 4

Mr. Shah’s monthly income is Rs. 54550. In an entire year, he spends 32% of his annual salaries on groceries, he spend 12% on repairs and 10% he pays to his servant. If half of the remaining amount he invests in fixed deposits, what is the amount invested by him in fixed deposits?

Q 5

A certain amount earns simple interest of Rs 1,750/- after 7 years. Had the interest been 2% more how much more interest would it have earned ?

Leaderboard
# Name Overall Score
1 Somnath Dutta Banik 5
2 prudhvi J 5
3 Sai Varun 5
4 Charulatha 5
5 Ram Veer Singh 5
6 Apurva jhawa 5
7 sreedhar 5
8 swarna 5
9 Navnee Rajput 5
10 Priyanka Laha 5
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