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Q:

Townbank offers a term deposit account paying investors 12.5% p.a. simple interest on investments over $100 000 for 2 years or more. Peta decides to invest$150 000 in this account for 2 years. How much interest will Peta earn at the end of the investment?

 A) 57500 B) 47500 C) 37500 D) 67500

Answer:   C) 37500

Explanation:

I = (p x t x r)/100

Subject: Simple Interest
Exam Prep: Bank Exams
Job Role: Bank PO
Q:

What is the ratio of simple interest earned on certain amount at the rate of 12% p.a. for 9 years and that for 12 years?

 A) 1:2 B) 2:3 C) 3:4 D) 4:5

Answer & Explanation Answer: C) 3:4

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3 666
Q:

The difference between simple interest on a certain sum at the rate of 6% per annum for 5 years and 6 years is 25.8. What is the sum (in Rs)?

 A) 480 B)  430 C) 258 D) 516

Answer & Explanation Answer: B)  430

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1 647
Q:

What is the ratio of simple interest earned on certain amount at the rate of 12% for 6 years and that for 12 years?

 A) 1:2 B) 2:3 C) 3:4 D) 4:5

Answer & Explanation Answer: A) 1:2

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3 467
Q:

R borrowed Rs. 1,200 at 13% per annum simple interest. What amount will R pay to clear the debt after 5 years?

 A) Rs.1,860 B) Rs.1,800 C) Rs.1,980 D) Rs.2,000

Answer & Explanation Answer: C) Rs.1,980

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Exam Prep: AIEEE , Bank Exams

1 482
Q:

A sum of Rs 4000 becomes Rs 7000 in 6 years at simple interest. If the rate of interest becomes double of itself, then what will be the amount (in Rs) after 6 years?

 A)  8500 B)  9000 C)  8000 D) 10000

Answer & Explanation Answer: D) 10000

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4 472
Q:

A sum of Rs 800 becomes Rs 1000 in 2 years at simple interest. What is the per annum rate of interest (in percent)?

 A) 12.5 B)  25 C)  8.5 D)  17

Answer & Explanation Answer: A) 12.5

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3 516
Q:

Sachin lent out Rs 60000 in two parts, first at 4% and the second at 10% interest. The yearly average interest comes out to be 6.4%. What are the amounts (in Rs) that were lent at 4% and 10% respectively?

 A) 40000, 20000 B) 48000, 12000 C) 36000, 24000 D) 32000, 28000

Answer & Explanation Answer: C) 36000, 24000

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2 663
Q:

Rs. x invested at 8% simple interest per annum for 5 years yields the same interest as that on Rs. y invested at 7.5% simple interest per annum for 6years. Find x : y.

 A) 40:45 B) 5:6 C) 16:15 D) 9:8

Answer & Explanation Answer: D) 9:8

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2 561