Dear Readers, Important Practice Aptitude Questions with solution for Upcoming SBI Clerk Exam, candidates those who are preparing for those exams can use this practice questions.

**1).**Rs. 58,750 amounts to Rs. 79,900 in four years at simple interest. What is the rate of interest paid?

a)ย ย 14

b)ย ย 13

c)ย ย 12

d)ย ย 16

e)ย ย 9

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**2).**How much will a sum of Rs.12,0007 deposited at a rate of 9% per annum (simple interest) for 13 years amount to ?

a)ย ย Rs. 14,040

b)ย ย Rs.20,650

c)ย ย Rs.13,404

d)ย ย Rs.27,800

e)ย ย Rs.26,040

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**3).**The simple interest accrued in 2 years on a principal of Rs.24000 is one-eighth of the principal. What is the rate of simple interest p.c.p.a?

a)ย ย 5

b)ย ย 4.5

c)ย ย 6.25

d)ย ย 7.25

e)ย ย None of these

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**4).**Mr.Phanse invests an amount of Rs.24,200 at the rate of 4 p.c.p.a for 6 years to obtain a simple interest. Later he invests the principal amount as well as the amount obtained as simple interest for another 4 years at the same rate of interest. What amount of simple interest will he obtain as the end of the last 4 years?

a)ย ย Rs. 4,800

b)ย ย Rs. 4,850.32

c)ย ย Rs. 4,801.28

d)ย ย Rs. 4,700

e)ย ย None of these

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**5).**In how many years will Rs. 4400 amount to Rs. 5984 at 4 p.c.p.a simple interest?

a)ย ย 9

b)ย ย 6

c)ย ย 8

d)ย ย 7

e)ย ย None of these

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**6).**What would be the compound interest obtained on an amount of Rs. 7,790 at the rate of 10 p.c.p.a. after two years?

a)ย ย Rs.1532.60

b)ย ย Rs.1495.90

c)ย ย Rs.1653.50

d)ย ย Rs.1635.90

e)ย ย None of these

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**7).**What is the difference between the simple and compound interest earned from a sum of Rs.13,033 at a rate of 13 percent per annum for a period of 3 years (rounded off to 2 digits after decimal)?

a)ย ย Rs.5,082.87

b)ย ย Rs.689.41

c)ย ย Rs.5,772.28

d)ย ย Rs.680.94

e)ย ย None of these

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**8).**How much will a sum of Rs.7,250 amount to in a span of 2 years, at 6 p.c.p.a rate of compound interest (Rounded off to the nearest integer)?

a)ย ย Rs.8,176

b)ย ย Rs.8,146

c)ย ย Rs.8,216

d)ย ย Rs.8,170

e)ย ย Rs.8,190

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**9).**A sum of Rs.3200 becomes Rs.3456 in two years at a certain rate of simple interest. What is the rate of interest per annum?

a)ย ย 5.5%

b)ย ย 6%

c)ย ย 4%

d)ย ย 4.5%

e)ย ย None of these

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**10).**A sum of Rs.2200 is invested at two different rates of interest. The difference between the interests got after 4 years is Rs.202.40. What is the difference between the rates of interest?

a)ย ย 3.3%

b)ย ย 2.3%

c)ย ย 3.5%

d)ย ย 2.5%

e)ย ย None of these

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__Answers__**:ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย**

**1).e)ย 2).e)ย 3).c)ย 4).c)ย 5).a)ย 6).d)ย 7).e)ย 8).b)ย 9).c)ย 10).b)**

__Solutions:__**ย**

**1).**S.I = 79900 – 58750 = Rs.21150

We know S.I = (PรRรT)/100

Rate = [(S.I ร 100)] / [(Principal ร Time)]

= (21150 ร 100) / (58750 ร 4)= 9% per annum

**Answer: e)**

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**2).**S.I = (12000 ร 9 ร 13)/ 100

= Rs. 14040

:. Amount = 12000 รท 14040 = Rs. 26040

**Answer: e)**

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**3).**S.I = (1/8) ร principle

= (1/8) ร 24000

= Rs. 3000

:. Rate= (S.I ร 100) / (Principal ร Time)

= (3000 ร 100) / (24000ร2)

= 6.25% per annum

**Answer: c)**

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**4).**CASE: I

S.I = (PรRรT)/100

= Rs. [(24200ร4ร6)/100]

=Rs. 5808

:. Amount = Principal + SI

= Rs. (24200 + 5808) = Rs. 30008

CASE: II

S.I= Rs. [(30008ร4ร4)/100]

= Rs. 4801.28

**Answer: c)**

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**5).**S.I = 5984 โ 4400 = 1584

Time= (S.I ร 100)/ (Principal ร Rate)

= (1584 ร 100) / (4400 ร 4)

= Rs. 9

**Answer: a)**

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**6).**C.I = P [1 + (R/100)]

^{T}โ P

ร C.I = P {[1 + (R/100)]

^{T}ย โ 1}ร C.I = 7790 [1 + (10/100)]

^{2}โ 1= 7790 [(121/100)-1]

= (7790 ร 21)/100

= Rs. 1635.9

**Answer: d)**

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**7).**S.I = (13033 ร 13 ร 3)/100

= Rs. 508.17

C.I = 13033 [1 + (13/100)]

^{3}โ 1= 13033 ร 0.44 = Rs. 5772.28

Difference = 5772.28 โ 508.17

= Rs. 5264.11

**Answer: e)**

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**8).**A= P [1 + (R/100)]

^{T}

= 7250 [1 + (6/100)]

^{2}= 7250 ร (1.06)

^{2}= Approx.ย Rs.8146

**Answer: b)**

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**9).**Interest = 3456 โ 3200 = Rs. 256

:. Rate = (S.I ร 100) / (Principal ร Time)

= (256 ร 100) / (3200ร2)

= 4% per annum

**Answer: c)**

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**10).**If the rates of interest be r

_{1}and r

_{2}% per annum, then

[2200 ร 4(r

_{1}โ r_{2})] / 100 = 202.40ร r

_{1}โ r_{2}= (202.40 ร 100) / (2200 ร 4)=2.3% per annum

**Answer: b)**

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