Dear Readers, IBPS is conducting Online Examination for the recruitment of Probationary Officers (PO) and Clerical Cadre. Preliminary Examination of IBPS PO is scheduled from 7^{th} Oct 2017 and for IBPS Clerk from 2nd Dec 2017. To enrich your preparation here we have providing new series of Practice Questions on Quantitative Aptitude. Candidates those who are appearing in IBPS PO/Clerk Exam can practice these questions daily and make your preparation effective.

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Question 1 of 10

1. Question

Tanuja invested Rs. X in a scheme 1 offering simple interest at 10% pa for two years. She invested the whole amount she received from scheme 1 in another scheme 2 offering simple interest at 12% pa for five years. If the difference between the interest earned from scheme 1 and scheme 2 was Rs.1300, what is the value of X.

Correct

Correct Answer is: e)

2500

Incorrect

Correct Answer is: e)

2500

Question 2 of 10

2. Question

Divide Rs. 11000 into two parts such that the simple interest on the first part for years at 10% pa is equal to the simple interest on the second part for 4 years at 4% pa.

Correct

Correct Answer is: c)

Rs.6000 and Rs.5000

Required ratio=S1:S2

S1 = 11000*6/11 = Rs.6000

And S2 = 11000*5/11 = Rs.5000

Incorrect

Correct Answer is: c)

Rs.6000 and Rs.5000

Required ratio=S1:S2

S1 = 11000*6/11 = Rs.6000

And S2 = 11000*5/11 = Rs.5000

Question 3 of 10

3. Question

The money invested in Jan DhanYojana doubles itself in 17 years 6 months. What is the rate of interest per annum if the interest is simple?

Correct

Incorrect

Question 4 of 10

4. Question

Find compound interest on a sum of Rs.12000 for two years at 8% pa compounded half yearly.(Calculate approximate value)

Correct

Correct Answer is: c)

Incorrect

Correct Answer is: c)

Question 5 of 10

5. Question

If sum of money deposited at compound interest becomes double in 3 years , when will the money be eight times at the same rate of interest?

Correct

Correct Answer is: c)

9 years

Incorrect

Correct Answer is: c)

9 years

Question 6 of 10

6. Question

Gorakh invested a sum of money at a certain rate of simple interest for a period of four years. Had he invested the same sum for a period of six years, the total interest earned by him would have been fifty per cent more than the earlier interest amount. What was the rate of interest percent per annum?

Correct

Correct Answer is: d)

Incorrect

Correct Answer is: d)

Question 7 of 10

7. Question

The difference between the amount of simple interest and compound interest accrued on an amount of Rs.26000 at the end of 3 years is Rs.2994.134. What is the rate of interest pcpa?

Correct

Correct Answer is: a)

19

Incorrect

Correct Answer is: a)

19

Question 8 of 10

8. Question

Rinkuinvests Rs.800 at simple rate of interest 12% pa for 2 years. Tinku invest a certain sum at compound rate of interest 10% pa compounded annually for 3 years. The amount that Rinku and Tinku receive individually are in the ratio of : respectively.

Correct

Correct Answer is: d)

1000

Incorrect

Correct Answer is: d)

1000

Question 9 of 10

9. Question

If the rate percent increases by 2% the simple interest increases by Rs.108. If the time period is increased by two years the simple interest will be Rs.180 more. Find the principal.

Correct

Correct Answer is: e)

Incorrect

Correct Answer is: e)

Question 10 of 10

10. Question

Amar borrowed some money from Amina. The rate of interest for first two years is 8% pa, for the next three years is 11% pa and for the period beyond Five years is 14% pa. Amina got an amount of Rs.10920 as an interest at the end of eight years. Then what amount was borrowed by Amar?

Correct

Correct Answer is: d)

12000

Incorrect

Correct Answer is: d)

12000

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