(Sample Material) IBPS Clerk Study Kit "Numerical Ability - Compound Interest"
Sample Materials of IBPS Clerk Study Kit
Subject: Numerical Ability
Topic: Compound Interest
Q.1 A sum of money lent at compound interest for 2 years at 20% per annum would fetch Rs. 482 more, if the interest was payable half-yearly than if it was payable annually. The sum is:
(1) Rs.12,000
(2) Rs.20,000
(3) Rs.40,000
(4) Rs.60,000
(5) None of these
Q.2 Sum of money becomes Rs. 13,380 after 3 years and Rs. 20,070 after 6 years on compound interest. The sum is:
(1) Rs.9200 (2) Rs.9000
(3) Rs.8920
(4) Rs.9040
(5) None of these
Q.3 What annual payment will discharge a debt of Rs. 1025 due in 2 years at the rate of 5% compound interest?
(1) Rs.650
(2) Rs.551.25
(3) Rs.560
(4) Rs.660.75
(5) None of these
Q.4 The compound interest on Rs.10240 at 6¼% percent annum for 2 yr 73 days is
(1) Rs.1464.50
(2) Rs.1664.50
(3) Rs.1480
(4) Rs.1580.50
(5) None of these
Q.5 A deposited Rs. 5000 in a bank at 5% per annum simple interest. B deposited Rs. 8000 at 6% per annum compound interest. After 2 yr, the difference between their interests will be
(1) Rs.244.40
(2) Rs.488.80
(3) Rs.366.60
(4) Rs.122.20
(5) None of these
