BANKING Content

SBI PO 2017 Quant Test 52

Instructions

For the following questions answer them individually

Question 1

A man borrowed Rs. 5000 at 6 1/4% per annum simple interest for 6 yr. Instead of clearing the loan at the end of 6 yr, if he returns the loan with interest at the end of 4 yr, .how much does the man save?

Question 2

Sum of money becomes Rs.13,380 after 3 years and Rs. 20,070 after 6 years on compound interest. The sum is:

Question 3

A bank calculates interest compounded every six months. Rahul invests Rs. 1000 in this bank for 1.5 years at the interest rate of 10% per annum. How much will Rahul get at the end of the term?

Question 4

What will be the simple interest on a principal amount of 15000 with a rate of 10% for 3 years?

Question 5

What will be the difference between compound interest and simple interest on an amount of Rs. 20000 with a rate of 20% for 2 years?

Leaderboard
#NameOverall Score
1himanshu latawa15
2Sachin Sachin15
3Ankul Prakash15
4Sai Varun15
5Mohini Krishnan15
6Ishan15
7shiv bishnoi15
8maneesh sharma15
9Anvesh15
10Nikita Arora15

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