Simple Interest (SI) and Compound Interest (CI) are among the most important arithmetic topics in the Quantitative Aptitude section of major banking examinations, including SBI PO, SBI Clerk, IBPS PO, IBPS Clerk, IBPS RRB, RBI Assistant, NIACL AO, NICL Assistant, and other Bank & Insurance Exams. Questions from this topic test your understanding of interest calculations, percentage concepts, and arithmetic applications. Regular practice helps improve calculation speed and accuracy in both Prelims and Mains.
Simple and Compound Interest Problems for Bank Exams – FREE Practice PDF
Prepare effectively with our FREE Simple & Compound Interest Practice PDF, designed according to the latest bank & insurance exam pattern. The study material includes concept-based explanations and exam-orientated questions with detailed solutions to help you master these important topics.
Simple and Compound Interest Problems for Bank Exams – FREE Live Quiz
Once you’ve completed the practice PDF, test your preparation through our FREE Simple & Compound Interest Live Quiz. The quiz features the latest Bank & Insurance exam pattern questions and provides an exam-like experience to help you improve your speed, accuracy, and calculation skills.
1. Which component represents the original sum of money borrowed or invested in interest calculations?
2. Which of the following formulas represents the total money repaid (Amount)?
3. According to the core formulas, how is the Rate percentage calculated using one year’s interest?
4. On what value is Simple Interest always calculated?
5. What is the growth pattern of Compound Interest over time?
6. What is the relationship between Simple Interest (SI) and Compound Interest (CI) for a duration of T = 1 year?
7. Which type of interest maintains a linear growth pattern where the interest earned each year remains identical?
8. Over an extended period, which type of interest yields faster total growth?
9. What is the formula for the difference between Compound Interest and Simple Interest for 2 years?
10. What is the formula for the difference between Compound Interest and Simple Interest for 3 years?
11. Under half-yearly compounding, how are the annual rate (R) and time period (T) adjusted?
12. Under quarterly compounding, how are the annual rate (R) and time period (T) adjusted?
13. Which shortcut formula determines the time period (T) under Simple Interest when Principal (P), Interest (SI), and Rate (R) are given?
14. The difference between Compound Interest and Simple Interest on Rs. 10,000 for 2 years at 5% per annum is:
15. The difference between Compound Interest and Simple Interest on Rs. 8,000 for 2 years at 10% per annum is:
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16. The difference between Compound Interest and Simple Interest on Rs. 15,000 for 2 years at 8% per annum is:
17. The difference between Compound Interest and Simple Interest on Rs. 20,000 for 2 years at 6% per annum is:
18. The difference between Compound Interest and Simple Interest on Rs. 5,000 for 3 years at 10% per annum (compounded annually) is:
19. The difference between Compound Interest and Simple Interest on Rs. 8,000 for 3 years at 5% per annum (compounded annually) is:
20. The difference between Compound Interest and Simple Interest on a sum for 2 years at 5% per annum is Rs. 25. Find the sum.
21. The difference between Compound Interest and Simple Interest on a sum for 2 years at 10% per annum is Rs. 400. Find the sum.
22. The difference between Compound Interest and Simple Interest on a sum for 2 years at 8% per annum is Rs. 128. Find the sum.
23. The difference between Compound Interest and Simple Interest on a sum for 2 years at 6% per annum is Rs. 72. Find the sum.
24. Find the amount on Rs. 10,000 at 10% per annum for 1 year, compounded half-yearly.
25. Find the amount on Rs. 8,000 at 20% per annum for 1 year, compounded half-yearly.
26. Find the amount on Rs. 16,000 at 10% per annum for 1.5 years, compounded half-yearly.
27. Find the amount on Rs. 12,000 at 8% per annum for 1 year, compounded half-yearly.
28. Find the amount on Rs. 10,000 at 8% per annum for 0.5 year, compounded quarterly.
29. Find the amount on Rs. 16,000 at 20% per annum for 0.5 year, compounded quarterly.
30. Find the amount on Rs. 8,000 at 40% per annum for 0.5 year, compounded quarterly.
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