simple and compound interest Model Questions & Answers, Practice Test for ibps po prelims 2023

Ms. Maya deposits an amount of Rs. 17,800 and obtained Rs. 31,684 at the end of 6 years. What was the rate of simple interest per year?

Amount of S.I. accrued on an amount of Rs. 28,500 in seven years is Rs. 23940. What is the rate of interest per annum?

A merchant commences with a certain capital and gains annually at the rate of 25 p.c. At the end of 3 years he has Rs. 10,000. What was his original capital ?

The simple interest accrued on a sum of certain principal is Rs. 2000 in five years at the rate of 4% per annum. What would be the compound interest accrued on same principal at same rate in two years ?

A father divides Rs. 5100 between his two sons, Mohan and Sohan who are 23 and 24 at present in such a way that if their shares are invested at compound interest @ 4% p.a., they will receive equal amount on attaining the age of 26 years. Mohan’s share is