(Sample Material) India Post Payments Bank (IPPB) Study Kit "Simple Interest"
Sample Materials of India Post Payments Bank (IPPB) Study Kit
Subject: Numerical Ability
Topic: Simple Interest
1. A farmer borrowed
4200 at 10% per annum. At the end of 5 yr he cleared his
account by paying
5000 and a cow. The cost of the cow is
(1)
1300
(2)
1240
(3)
1200
(4)
1340
(5) None of these
2. The difference between the simple interest received from two different
sources on
5200 for 2½ yr is
65. The difference between their rates of
interest is
(1) 0.5%
(2) 0.25%
(3) 0.4%
(4) 0.75%
(5) None of these
3. A sum of
8000 was lent partly at 7% and partly at 9%
simple interest. If the total annual interest be
620, the ratio in which the
money was lent at given rates is
(1) 5 : 3
(2) 1 : 4
(3) 2 : 3
(4) 3 : 4
(5) None of these
4.
2000 is invested at 10% per annum simple interest. If the interest is added
to the principal every 10 yr, the amount will become
4600 after
(1) 12½ yr
(2) 11 yr
(3) 12 yr
(4) 11½ yr
(5) None of these
5. A bicycle is sold for
2200 cash or
1500 cash down payment and
770 to be
paid after 4 months. What is the rate of interest charged in the instalment
scheme?
(1) 10%
(2) 20%
(3) 30%
(4) 40%
(5) None of these
