Here we have given the SI and CI questions for bank clerk exam practice. The IBPS clerk prelims exam is nearing very soon. Candidates should work hard for all sections. Especially, an extra effort is needed to score a decent mark in the quantitative aptitude section. In application sums, SI and CI is an important topic. For your practice, we have added the SI and CI questions for bank clerk exam. In the IBPS clerk prelims, you can expect around 2 questions from the SI and CI topic.
Normally, in the IBPS clerk prelims bank exam, the SI and CI questions will be at an easy to moderate level. So, practice more SI and CI questions for bank clerk exam to gain speed and accuracy.
Tips to Solve SI and CI Questions
Here are some tips and instructions to solve SI and CI questions in bank clerk exams.
- Read the entire question completely. Understand the given question first. Then you can easily analyze the level of the question.
- You can memorize the conventional formulas of the SI and CI. It will help to solve any question.
- If the question is simple, you can go for the short cut methods.
- The short cut methods will save your time for a greater extent. So, practice SI and CI questions with short cut methods.
So, candidates practice all the SI and CI questions for IBPS clerk exams. For mains also, practice more moderate to hard level questions.
Start Quiz
1) Gopi invests Rs.4400 in a bank in simple interest at 12% per annum for n years and Chandra invests Rs.5400 in the same bank in simple interest at (n + 8)% per annum for 2 years. If Gopi received the interest which is Rs.816 more than the interest received by Chandra, find the value of n.
A.1
B.2
C.3
D.4
E.None of these
2) Anita invested Rs.4000 at the rate of 20% per annum compounded annually for three years. After 3 years, she deposited the total amount into scheme B which gave a simple interest of 10% for 3 years. What is the amount Anita will have at the end of 6 years?
A.Rs.6260
B.Rs.7950.5
C.Rs.8240
D.Rs.8985.6
E.None of these
3) A sum of money invested is doubled itself in 4 years. In how many years will it become nine times itself at the same rate?
A.24 years
B.30 years
C.28 years
D.32 years
E.None of these
4) 40% of Rs.5000 is deposited at 10% p.a compound interest compounded annually and the remaining at 8% p.a in simple interest. Find the interest earned after 3 years.
A.Rs.1300
B.Rs.1345
C.Rs.1382
D.Rs.1390
E.None of these
5) Ramesh borrows Rs.6200 for 2 years at 4% per annum on simple interest. He then gives the amount to Saran at 6% per annum for 2 years on Simple interest. Find the amount he gained.
A.Rs.150
B.Rs.189
C.Rs.248
D.Rs.280
E.None of these
6) Rishi invested Rs.4400 at 12% per annum simple interest and Rs.3000 at 10% per annum compound interest. What is the difference between the simple and compound interest after 2 years?
A.Rs.389
B.Rs.398
C.Rs.418
D.Rs.426
E.None of these
7) A sum when invested in a bank at compound interest at 10% p.a amounts to Rs.8470 in 2 years. When the same sum is invested at 20% p.a at simple interest for 4 years, what is the amount received?
A.Rs.12600
B.Rs.14500
C.Rs.15600
D.Rs.18900
E.None of these
8) Aman takes a loan at a simple interest rate of 6% in the first year with an increase by 0.5% in each further year. He paid interest of Rs. 3807 after four years. Find the amount of the loan taken by him?
A.Rs. 12,723
B.Rs. 13,845
C.Rs. 14,100
D.Rs. 15,784
E.None of these
9) Raj invested a sum of money at a certain rate of SI for a period of three years. Had he invested the same sum for a period of 5 years, the total interest earned by him would have 38% more than the earlier interest amount. Find the rate of interest per annum?
A.11.11%
B.8.25%
C.15.75%
D.12.33%
E.Cannot be determined
10) The simple interest on Rs. P at 15% p.a for 2 years is Rs.300 more than the simple interest on Rs.(P + 500) at 12% for 2 years. What is the interest earned, if (2P + 500) is lent for 2 years at 12% SI rate?
A.Rs.1750
B.Rs.2350
C.Rs.3480
D.Rs.4810
E.None of these
Try SI AND CI Questions For Online Mock Test
Answers :
1) Answer: D
Interest received by Gopi = 4400 * n * 12/100 = 528n
Interest received by Chandra = 5400 * (n + 8) * 2/100 = 108n + 864
528n – 108n – 864 = 816
=> n = 4
2) Answer: D
Amount received by Anita after 3 years = 4000 * (1.2)3Â = Rs.6912
Amount received by Anita after 6 years = 6912 + 6912 * 0.10 * 3 = Rs.8985.6
3) Answer: D
2P – P = P * 4 * R/100
R = 25%
9P = P + (P * 25 * N/100)
N = 32
4) Answer: C
Interest earned = P[(1 + r/100)n – 1] + Pnr/100
= (40% of 5000) [(1 + 10/100)3 – 1] + (60% of 5000) * 3 * 8/100
= 662 + 720
= Rs.1382
5) Answer: C
Required gain = 6200 * 6/100 * 2 – 6200 * 4/100 * 2
= 744 – 496
= Rs.248
6) Answer: D
SI = 4400 * 12 * 2/100 = 1056
CI = 3000 * (1 + 10/100)2 – 3000
= Rs.630
Difference = 1056 – 630 = Rs.426
7) Answer: A
Sum invested = x
x * (1 + 10/100)2Â = 8470
=> x = Rs.7000
Amount received by SI= 7000 * 4 * 20/100 + 7000
= Rs.12600
8) Answer: C
Let the amount of principal = Rs. x
So, according to the question,
x × (6/100 + 6.5/100 + 7/100 + 7.5/100) = 3807
x × (6 + 6.5 + 7 + 7.5)/100 = 3807
x × 27/100 = 3807
x = 3807 × 100/27
x = 14,100
9) Answer: E
In the question we don’t have any information regarding principal and the rate of interest.
So, we cannot find the solution of this question.
10) Answer: C
P * 15% * 2 = (P + 500) * 12% * 2 + 300
30%P=24%P+120+300
6%P=420
=> P = Rs.7000
Required interest = (2P + 500) * 2 * 12/100 =14500*2*12/100
= Rs.3480
Start Quiz
11) The difference between the simple interest and compound interest for 3 years at 12 % per annum is Rs. 1123.2. Find the sum?
A.Rs. 30000
B.Rs. 36000
C.Rs. 32000
D.Rs. 25000
E.None of these
12) The simple interest on a sum of money is 1/16 of the sum. If the number of years is equal to the rate percent per annum, then the rate percent per annum is
A.3 1/3
B.6 2/3
C.2 ½
D.7 ½
E.None of these
13) Ovi borrowed a certain amount of money in a bank which offers 10% per annum compound interest for 2 years. Ovi invested half of the amount in scheme A which offers 20% per annum simple interest and after four years the amount becomes Rs.3600. Find the interest amount paid by Ovi to bank in after 2 years.
A.Rs.780
B.Rs.840
C.Rs.760
D.Rs.800
E.Rs.720
14) Rahul deposited Rs.(x + 2000) in bank which will offer simple interest at 15% per annum. After 2 years Rahul received the total amount from bank which is Rs.3640 and then invested Rs.5x in scheme A which is offering compound interest at 20% per annum. What is the total amount earned by Rahul from scheme A after 2 years?
A.Rs.5760
B.Rs.4560
C. Rs.3490
D.Rs.6760
E.None of these
15) Divide Rs. 11000 into two parts such that the simple interest on the first part for 3 years at 5 % per annum is equal to the simple interest on the second part for 2 years at 9 % per annum. Find the two parts?
A.Rs. 7000, Rs. 4000
B.Rs. 6000, Rs. 5000
C.Rs. 3000, Rs. 8000
D.Rs. 4000, Rs. 7000
E.Rs. 8000, Rs. 3000
16) Rahul invests a certain amount of money in scheme A which offers simple interest at the rate of 20% per annum for 2 years. He also invests the same amount of money in scheme B which offers compound interest at the same rate of interest for same time period. If the interest earned from scheme B is Rs.36 more than the interest earned from scheme A, find the sum?
A.Rs.1200
B.Rs.1100
C.Rs.1000
D.Rs.1300
E.None of these
17) A certain sum of money lent out at simple interest, amounts to Rs. 19500 in 3 years and Rs. 22500 in 5 years. Find the rate of interest per annum?
A.10 %
B.12 %
C.8 %
D.14 %
E.None of these
18) Sam invests Rs.7000 at the compound interest scheme at x% per annum for 6 years and Rahul invests same amount on same scheme at the same rate of interest for three years. If the end of the scheme ratio of the amount received by Sam to Rahul is 27:8, find the rate of interest per annum?
A.20%
B.30%
C.40%
D.50%
E.None of these
19) Rajesh deposited a certain amount to bank at simple interest rate of 10% per annum in the first year and it increased by 2% per annum every year. If he got Rs.9000 as interest at the end of three years, what is the deposited amount?
A.Rs.20000
B.Rs.25000
C.Rs.28000
D.Rs.18000
E.None of these
20) The sum Rs.16000 invested equally at two different rates of interest and the difference between the simple interest is Rs.1200 for 3 years. Find the difference between the rates of interest?
A.10%
B.5%
C.8%
D.12%
E.None of these
Try SI AND CI Questions For Online Mock Test
Answers :
11) Answer: D
The difference between the simple interest and compound interest for 3 years is,
Difference = [Sum* r2Â * (r + 300)]/1003
1123.2 = [Sum*144*312]/1003
Sum = (1123.2*100*100*100)/(144*312)
Sum = Rs. 25000
12) Answer: C
S.I = (1 / 16) P
(1 / 16) P = (P × r × r) / 100 (Here n=r)
1 / 16 = r2Â / 100
r2Â =100/16
r = 10 / 4 = 2 ½ %
13) Answer: B
Let Borrowed amount=x
Simple interest=P * N * R/100
CI=P * (1 + R/100)n – P
x/2 * 20 * 4/100=3600 – x/2
4x/10 + x/2=3600
9x=36000
x=Rs. 4000
CI=4000 * (1 + 10/100)2 – 4000
=Rs. 840
14) Answer: A
SI=P * N * R/100
SI=3640 – x – 2000=1640 – x
1640 – x=(x + 2000) * 15 * 2/100
164000 – 100x = 30x + 60000
130x=104000
x=Rs. 800
CA=P * (1 + R/100)n
CA=(5 * 800) * (1 + 20/100)2
=Rs. 5760
15) Answer: B
Let two parts be x and 11000 – x
(x*3*5)/100 = [(11000 – x)*9*2]/100
15x = 198000 – 18x
33x = 198000
x = 198000/33 = 6000
Two parts are Rs. 6000 and Rs. 5000
16) Answer: E
Difference = P * r * r/(100 * 100)
36 = P * 20 * 20/(100 * 100)
P = 900
17) Answer: A
In 5 years, amount = 22500
In 3 years, amount = 19500
S.I for 2 years = 22500 – 19500 = 3000
S.I for 1 year = 3000/2 = Rs. 1500
S.I for 3 year = 1500*3 = Rs. 4500
Principle = 19500 – 4500 = Rs. 15000
According to the question,
(15000 * 3 * r) / 100 = 4500
r = (4500 * 100) / (15000 * 3) = 10 %
18) Answer: D
CI = P * (1 + R/100)n – P
Sam received the amount = 7000 * (1 + x/100)6
Rahul received the amount = 7000 * (1 + x/100)3
[7000 * (1 + x/100)6]/ [7000 * (1 + x/100)3]= 27/8(1 + x/100)3Â = 27/8
1 + x/100 = 3/2
100 + x = 150
x = 50%
19) Answer: B
P*1*10/100+P*1*12/100+P*14*1/100=9000
10P+12P+14P=900000
P=Rs.25000
20) Answer: B
8000*R1*3/100-8000*R2*3/100=1200
80*3(R1-R2) =1200
R1-R2=5%
Download SI AND CI Questions for SBI/ IBPS Clerk Prelims Exam 2021 PDF
Try IBPS Clerk Free Online Mock Test
Try SBI Clerk Free Online Mock Test
