{"id":20613,"date":"2022-07-27T11:24:00","date_gmt":"2022-07-27T05:54:00","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=20613"},"modified":"2022-07-28T11:26:23","modified_gmt":"2022-07-28T05:56:23","slug":"simple-and-compound-interest-problems-for-bank-exams","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-problems-for-bank-exams\/","title":{"rendered":"Simple Interest and Compound Interest Problems for Bank Exams"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-problems-for-bank-exams\/#Compound_Interest_Questions_Free_eBook\" >Compound Interest Questions | Free eBook<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-problems-for-bank-exams\/#Simple_Interest_Questions_Free_eBook\" >Simple Interest Questions | Free eBook<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-problems-for-bank-exams\/#How_To_Download_SI_CI_Questions_PDF\" >How To Download SI &amp; CI Questions PDF?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-problems-for-bank-exams\/#Sneak_Peek_Into_Free_eBook\" >Sneak Peek Into Free eBook<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-problems-for-bank-exams\/#Ebooks\" >Ebooks<\/a><\/li><\/ul><\/nav><\/div>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>Simple Interest and Compound Interest:<\/strong> Simple and compound interest questions are not the hardest topics in quantitative aptitude, but one needs to be good with logic to answer them correctly. The same formula can be required to be inserted in various forms or ways. From the past years\u2019 exam trends, we have uncovered that there are different types of questions that can come from the simple and compound interest chapter for your banking examinations.&nbsp;<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Therefore, in this blog, we have brought you a free ebook on Simple and Compound Interest Questions important for upcoming banking exams. Download the free ebook now and also <em><strong><span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/banking-insurance-exams\/?ref=contpn\" target=\"_blank\" rel=\"noopener noreferrer\">attempt a free mock test and practice more SI &amp; CI questions.<\/a><\/span><\/strong><\/em><\/span><\/p>\n<p style=\"text-align: center;\"><em><strong>Want To Take A Free Mock Test For IBPS PO?<\/strong><\/em><a href=\"https:\/\/www.oliveboard.in\/banking-insurance-exams\/?ref=contpn\" target=\"_blank\" rel=\"noopener noreferrer\">&nbsp;<span style=\"color: #3366ff;\"><em><strong>Register Here<\/strong><\/em><\/span><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Compound_Interest_Questions_Free_eBook\"><\/span><span style=\"color: #000000;\"><strong>Compound Interest Questions | Free eBook<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.oliveboard.in\/free-ebook-pdf-download\/?ref=Contpn&amp;next=https:\/\/bit.ly\/compound-interest-qs\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-12539\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2017\/10\/35853-O0VVTQ1-300x90.png\" sizes=\"auto, (max-width: 203px) 100vw, 203px\" srcset=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2017\/10\/35853-O0VVTQ1-300x90.png 300w, https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2017\/10\/35853-O0VVTQ1-150x45.png 150w, https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2017\/10\/35853-O0VVTQ1.png 516w\" alt=\"download\" width=\"203\" height=\"61\"><\/a><\/p>\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em><strong><a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/free-ebook-pdf-download\/?ref=contpn\" target=\"_blank\" rel=\"noopener noreferrer\">To Download More Free Ebooks Click Here &amp; Register Yourself<\/a><\/strong><\/em><\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Simple_Interest_Questions_Free_eBook\"><\/span><span style=\"color: #000000;\"><strong>Simple Interest Questions | Free eBook<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.oliveboard.in\/free-ebook-pdf-download\/?ref=Contpn&amp;next=https:\/\/bit.ly\/simple-interest-qs\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-12539\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2017\/10\/35853-O0VVTQ1-300x90.png\" sizes=\"auto, (max-width: 203px) 100vw, 203px\" srcset=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2017\/10\/35853-O0VVTQ1-300x90.png 300w, https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2017\/10\/35853-O0VVTQ1-150x45.png 150w, https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2017\/10\/35853-O0VVTQ1.png 516w\" alt=\"download\" width=\"203\" height=\"61\"><\/a><\/p>\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em><strong><a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/free-ebook-pdf-download\/?ref=contpn\" target=\"_blank\" rel=\"noopener noreferrer\">To Download More Free Ebooks Click Here &amp; Register Yourself<\/a><\/strong><\/em><\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_To_Download_SI_CI_Questions_PDF\"><\/span><strong><span style=\"color: #000000;\">How To Download SI &amp; CI Questions PDF?<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Step 1:<\/strong>&nbsp;Click on the&nbsp;<strong>download link<\/strong>.&nbsp;You will be taken to Oliveboard\u2019s FREE E-Books Page.<\/p>\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-97822\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2022\/06\/image-3.png\" alt=\"fillers questions\" width=\"1809\" height=\"731\"><\/figure>\n<p><strong>Step 2:<\/strong>&nbsp;Register\/Login to the Free E-Books Page of Oliveboard (It is 100% free, You just enter your valid email ID and a password to be able to download the<em><strong>&nbsp; free pdf.<\/strong><\/em><\/p>\n<p><strong>Step 3:<\/strong>&nbsp;After Logging in, you will be able to download the free e-book by clicking on&nbsp;<strong>\u201cclick here\u201d<\/strong>&nbsp;as shown in the snap below.<\/p>\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-97823\" title=\"ibps rrb\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2022\/06\/image-4.png\" alt=\"fillers questions\" width=\"1797\" height=\"899\"><\/figure>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Sneak_Peek_Into_Free_eBook\"><\/span><span style=\"color: #000000;\"><strong>Sneak Peek Into Free eBook<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>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?<br><\/strong><\/span><span style=\"color: #000000;\">A. 200<\/span><br><span style=\"color: #000000;\">B. 270<\/span><br><span style=\"color: #000000;\">C. 250<\/span><br><span style=\"color: #000000;\">D. 280<br><\/span><span style=\"color: #000000;\"><strong>Correct Answer: \u201cB\u201d<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>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:<br><\/strong><\/span><span style=\"color: #000000;\">A. 10%<\/span><br><span style=\"color: #000000;\">B. 10.25%<\/span><br><span style=\"color: #000000;\">C. 10.10%<\/span><br><span style=\"color: #000000;\">D. 10.80%<br><\/span><span style=\"color: #000000;\">Correct Answer: \u201cB\u201d<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><em><strong><a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/banking-insurance-exams\/?ref=contpn\" target=\"_blank\" rel=\"noopener noreferrer\">Test Your Preparation Here By Attempting A Free Mock Test.<\/a><\/strong><\/em><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>Q3) Ramesh invested an amount of Rs. 13,900 divided into 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?<br><\/strong><\/span><span style=\"color: #000000;\">A. 6400<\/span><br><span style=\"color: #000000;\">B. 6500<\/span><br><span style=\"color: #000000;\">C. 7200<\/span><br><span style=\"color: #000000;\">D. 7500<br><\/span><span style=\"color: #000000;\"><strong>Correct Answer: \u201cA\u201d<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>Q4) If the simple interest on a certain sum of money for 4 years at 5% per annum is the same as the simple interest on Rs. 560 for 10 years at a rate of 4% per annum then the sum of money is:<br><\/strong><\/span><span style=\"color: #000000;\">A. 1180<\/span><br><span style=\"color: #000000;\">B. 1120<\/span><br><span style=\"color: #000000;\">C. 1200<\/span><br><span style=\"color: #000000;\">D. 1250<br><\/span><span style=\"color: #000000;\"><strong>Correct Answer: \u201cB\u201d<\/strong><\/span><\/p>\n<p><em><strong>Check Your All India Standing.<\/strong>&nbsp;<\/em><span style=\"color: #3366ff;\"><em><strong><a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/banking-insurance-exams\/?ref=contpn\" target=\"_blank\" rel=\"noopener noreferrer\">Test Your Preparation Here By Attempting A Free Mock Test.<\/a><\/strong><\/em><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>&nbsp;<\/strong><strong>Q5) Rahul invested a 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?<br><\/strong><\/span>A. Rs 5000<br><span style=\"color: #000000;\">B. Rs 6500<\/span><br><span style=\"color: #000000;\">C. Rs 8000<\/span><br><span style=\"color: #000000;\">D. Rs 10000<br><\/span><span style=\"color: #000000;\"><strong>&nbsp;<\/strong><strong>Correct Answer: \u201cA\u201d<\/strong><\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ebooks\"><\/span><span id=\"3_Ebooks\" style=\"color: #000000;\"><span id=\"Ebooks\"><span id=\"5_Ebooks\"><span id=\"8_Ebooks\"><b>Ebooks<\/b><\/span><\/span><\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000000;\">You can download 200+ ebooks important for SSC, Banking, Railway, Insurance, and other government exams here.<\/span><\/p>\n<p><a href=\"https:\/\/www.oliveboard.in\/free-ebook-pdf-download\/?ref=dj\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-58325 size-full\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2020\/05\/ebook-blog.png\" alt=\"ebook\" width=\"495\" height=\"488\"><\/a><\/p>\n<p><span id=\"OliveboardBolt_series_E-books\"><strong>Oliveboard&nbsp;Bolt series E-books:&nbsp;<\/strong><\/span><\/p>\n<ul>\n<li><span style=\"color: #3366ff;\"><em><strong><a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/blog\/gk-bolt-monthly-current-affairs\/\" target=\"_blank\" rel=\"noopener noreferrer\">Oliveboard Bolt \u2013 General Awareness<\/a><\/strong><\/em><\/span><\/li>\n<li><span style=\"color: #3366ff;\"><em><strong><a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/blog\/gk-bolt-monthly-current-affairs\/\" target=\"_blank\" rel=\"noopener noreferrer\">Bolt \u2013 Monthly Current Affairs PDF<\/a><\/strong><\/em><\/span><\/li>\n<li><span style=\"color: #3366ff;\"><em><strong><a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/blog\/banking-awareness-pdf-bolt-ebook\/\" target=\"_blank\" rel=\"noopener noreferrer\">Banking Bolt \u2013 Free E-book for Banking Awareness<\/a><\/strong><\/em><\/span><\/li>\n<li><span style=\"color: #3366ff;\"><em><strong><a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/blog\/economy-bolt-static-gk-ebook\/\" target=\"_blank\" rel=\"noopener noreferrer\">Economy Bolt \u2013 Free E-book for Economy<\/a><\/strong><\/em><\/span><\/li>\n<\/ul>\n\n","protected":false},"excerpt":{"rendered":"<p>Simple Interest and Compound Interest: Simple and compound interest questions are not the hardest topics in quantitative aptitude, but one<\/p>\n","protected":false},"author":1,"featured_media":100803,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,31,705,65],"tags":[8060,6960,67,8061,2508,783,326,8059,6959],"class_list":["post-20613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-bank-exams","category-e-books","category-ibps-po","tag-compound","tag-compound-interest","tag-ibps-po","tag-interest","tag-quantitative-aptitude","tag-questions","tag-rbi-grade-b","tag-simple","tag-simple-interest","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Simple and Compound Interest Problems for Bank Exams | Free eBook<\/title>\n<meta name=\"description\" content=\"Simple and compound interest problems are not hard but they are time-consuming. 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