Practice Interest Quiz 2 for IBPS Clerk 2018
If you are preparing for Banking, Insurance and other Competitive Recruitment or Entrance exams, you will likely need to solve a section on Quant. Interest Quiz 2 for Banking & Insurance Exams will help you learn concepts on an important topic in Quant – Simple & compound Interest. This Interest Quiz 2 is important for exams such as IBPS PO, IBPS Clerk, IBPS RRB Officer, IBPS RRB Office Assistant, IBPS SO, SBI PO, SBI Clerk, SBI SO, Indian Post Payment Bank (IPPB) Scale I Officer, LIC AAO, GIC AO, UIIC AO, NIACL AO, NICL AO.
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Interest Quiz 2 for Banking & Insurance Exams –
A sum of money double itself at simple interest in 15 years and 6 months. In how many years would itself?
The difference between compound interest and simple interest on a sum for 2 years at 10% per annum, when the interest is compounded annually is Rs. 16. If the interest were compounded half yearly, the difference in two interests would be:
A builder borrows Rs. 2550 to be paid back with compound interest at the rate of 4% per annum by the end of 2 years in two equal yearly installments. How much will each installment be?
A lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is:
A sum of money doubles itself in 4 years at compound interest. It will amount to 8 times itself at the same rate of interest in
What annual installment will discharge a debt of Rs 2,360 due in four years at 12% p.a. simple interest?
Compound interest and simple interest for 2 years on a principal are 328 rupees and 320 rupees respectively. Find the rate of interest.
An automobile financier claims to be lending money at 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:
Hari and Prasad have equal amount. Hari invests all his amount at 10% compounded annually for 2 years and Prasad invested 1/4 at 10% compound interest (annually) and rest at r% p.a. at simple interest for the same 2 years period. The amount received by both at the end of 2 years is same .What is the value of r?
A person lent out a certain sum on simple interest and the same sum on compound interest at a certain rate of interest per annum. He noticed that the ratio between the difference of compound interest and simple interest of 3 years and that of 2 years is 25 : 8. The rate of interest per annum is:
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