IBPS PO Quantitative Aptitude Questions

With Answers PDF

10 August 2018
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Question 1: The compound interest earned by Suresh on a certain amount at the end of two
years at the rate of 8 p.c.p.a was Rs. 1,414.4. What was the total amount that Suresh got back at
the end of two years in the form of principal plus interest earned?

a) Rs. 9,414.4
b) Rs. 9,914.4
c) Rs. 9,014.4
d) Rs. 8,914.4
e) None of these

Instructions: Directions for the next five questions: Study the following table carefully to answer
the questions. Rate of interest (pcpa) offered by five companies on deposits under different
schemes

Question 2: Mr. X deposited an amount in Scheme II with company C for two years. After that he
withdrew the amount and reinvested only the principal amount in scheme IV of Company B for two
years. Total amount of simple interest accrued from the two schemes is Rs. 14800. What was the
principal amount?

a) Rs. 48000
b) Rs. 42000
c) Rs. 40000
d) Can’t be determined
e)None of these

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Question 3: Company E offers compound interest under Scheme I and Company A offers simple
interest under scheme IV. What will be the difference between the interest earned under Scheme I
of company E and Scheme IV of company A respectively in two years on an amount of Rs. 1.2
lakh?

a) Rs 1428
b) Rs. 1328
c) Rs. 1528
d) Rs. 1548
e) None of these

Question 4: Company D offers compound interest under scheme II and Simple Interest under
Scheme IV. Abhijt invested Rs. 25000 with this company under Scheme IV and after one year
switched to Scheme II along with the interest for one more year. What is the total amount he will
get at the end of two years?

a) Rs. 28939.25
b) Rs. 29838.75
c) Rs. 31748.25
d) Rs. 31738.75
e) None of these

Question 5: Abishek invested an amount of Rs. 45000 for two years with company B under
scheme III, Which offers compound interest, Jeevan invested an equal amount for two years with
company C under Scheme IV, which offer simple Interest. Who earned more interest and how
much?

a) Abhishek, Rs. 1875

b) Jeevan, Rs. 1875
c) Abhishek, Rs. 1962
d) Jeevan, Rs. 1962
e) None of these

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Question 6: Mr. Lal invested Rs. 30000 in company A under Scheme II, which offers simple
interest and Rs. 48000 in Company D under Scheme II, which offers compound interest. What will
be the total amount of interest earned by Mr Lal in two years?

a) Rs. 14728.80
b) Rs. 17428.50
c) Rs. 14827.70
d) Rs. 16728.20
e) None of these

Question 7: What is the difference between the simple and compound interest on Rs.7,300 at the
rate of 6 p.c.p.a. in 2 years?

a) Rs.29.37
b) Rs.26.28
c) Rs.31.41
d) Rs.23.22
e) Rs.21.34

Question 8: A sum of Rs16800 is divided into two parts. One part is lent at the simple interest of
6% per annum and the other at 8% per annum. After 2 years total sum received is Rs19000. The
sum lent at 6% of simple interest is

a) Rs12200
b) Rs12000
c) Rs11000
d) Rs10000
e) None of these

Question 9: Find SI if P = Rs. 1000, R = 20% per annum and duration is 4 years

a) Rs. 400
b) Rs. 600
c) Rs. 800
d) Rs. 850
e) None of these

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Question 10: The effective annual rate of interest corresponding to a nominal rate of 6% per
annum payable half-yearly is:

a) 6.10%
b) 6.11%
c) 6.08%
d) 6.09%
e) None of these

Answers & Solutions:

1) Answer (B)

2) Answer (C)

Let principal amount be Rs. x.

(x×9×2)/100 + (x×9.5×2)/100 = 14800
or (0.18+0.19) = 14800
X = 14800/0.37 = Rs. 40000

3) Answer (A) IBPS Unlimited Tests 2018

Scheme I of company E
CI = 120000 [(1+ 9/100)^2- 1]
= 120000 [((109×109)/(100×100)-1)]
= 120000 × 1881/10000 = Rs. 22572
Scheme IV of company A
SI = (120000×2×10)/100 = Rs. 24000
Difference = 24000 - 22572 = Rs. 1428

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4) Answer (B)

25000 × 109.5/100 = 27375

And again, 27375 × 109/100 = Rs. 29838. 75

5) Answer (D)

Interest earned by Abhishek = 45000 × (1+ 8/100)^2- 45000

= 45000 × 27/25 × 27/25 = 45000
= 52488 - 45000 = 7488

Interest earned by Jeevan = (45000×10.5×2)/100 = 9450

Required difference = 9450 - 7488 = 1962
Hence, Jeevan earned Rs. 1962 more.

6) Answer (B)

(30000×9.5×2)/100 + (48000× 109/100× 109/100- 48000) = 5700 + (57028.8 - 48000)

= 5700 + 9028.8 = Rs. 14728.80

7) Answer (A)

8) Answer (A)

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9) Answer (C)
S.I = PRT/100 = (1000×20×4)/100= Rs. 800

10) Answer (D)

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