# Free Mock Test For Banking – Simple Interest || Check Here!!!

0
578

Free Mock Test For Banking – Simple Interest || Check Here!!! Candidates who are looking for an offline mock test for a banking exam can use this opportunity; here we are conducting free mock test series for the aspirants who are tried to achieve your goal. We have to provide free mock tests for all banking aspirants on topics of simple interest. The entire mock test series will be free for the candidate who wants to take the test. Our mock test are available free of cost. A candidate gets the chance to improve their career.

We are conducting the mock test every Tuesday for banking aspirants. Answers and solution keys will be released Tuesday evening at 5 pm. candidates can identify their mistakes sections by practicing our mock test. It’s very useful for banking aspirants. Don’t miss that opportunity. Mock test questions are only standard and the latest concepts. The basic fundamentals and brief Answer keys help to learn the new thing. Mock test questions are available here.

## Simple Interest

1.12000 is divided into two amounts such that the simple interest on the first amount for 3 years at the rate 4% is equal to the simple interest on the second amount for 4 year at the rate 1%. What are the amounts?
A. 4000, 8000 B. 6000, 6000 C. 3000, 9000 D. 5000, 7000 E. None of these
2.A sum of 6400 was subdivided into two investments schemes in such a way that one part was lent at 6% simple interest and the second part was lent at 9% simple interest. If the interest on the second part after 6 years is equal to interest on the first part after 3 years. What is the first part.
A. 1200 B. 1400 C. 1800 D. 2300 E. 4800
3.Seema has Rs. 5200 and she gives some money to Sumit at a 8% p.a. on simple interest for 3 years and rest money to Seeta at a 5% p.a on simple interest for 2 years. If Seema get Rs. 688 of interest find the ratio between the money of Sumit and Seeta.
A. 20 : 7 B. 3 : 10 C. 5 : 4 D. 4 : 3 E. None of these

4.Pinky invested an amount of Rs. 24500 at the rate of 9% per annum. After how many years will she get a simple interest of Rs. 37485 ?
A. 13 years B. 15 years C. 17 years D. 19 years E. None of these

5.Ajay bought Rs.11,000 from a bank to buy a car at 12% simple Interest. If he paid \$ 6,600 as interest while clearing the loan, find the time for which the loan was given.
A.7 B.3 C.4 D.5 E.6
6.Tarun invested an amount of Rs. 10000 at the simple interest rate of 8% per annum and another amount at the simple interest rate of 20% per annum. The total interest earned at the end of one year on the total amount invested became 12% per annum. Find the total amount invested.
A.Rs.12,000 B.Rs.15000 C.Rs.5,000D.Rs.10,000 E.None of these
7.Kailash borrowed some money at the rate of 5% p.a. for the first three years, 8% p.a. for the next five years and 11%p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is Rs. 8800, how much money did he borrow?
A.Rs.7500 B.Rs.8000 C.Rs.9600 D.Rs.10,000 E.Rs.7,000
8.A certain sum of money lent out at simple interest amounts to Rs. 2400 in 4 years and Rs. 3000 in 6 years. Find the rate of interest per annum?
A. 20 % B. 18 % C. 25 % D. 15 % E. 12 %
9.Banu lent Rs. 4500 to Raju for 2 years and Rs. 7500 to Kathir for 4 years at same rate of interest and received altogether Rs. 2340 as interest from both. Find the rate of simple interest?
A. 8 % B. 12 % C. 6 % D. 10 % E. None of these
10.On a certain sum, the simple interest at the end of 5(1/3) years becomes 4/9 of the sum. What is the rate percent ?
A.5.5% B.9.1% C.7.6% D.8.3% E.10%
11.A man invests Rs.8000 for 5 years at 5% p.a. Simple Interest interest reckoned yearly. Income tax at the rate of 20% on the interest earned is deducted at the end of each year. Find the amount at the end of the fifth year.
A. Rs.10,500 B. Rs.10,500 C. Rs.9,600 D. Rs.10,000 E. None of these
12.If the annual rate of simple interest increases from 8% to 13%, a man’s yearly income increases by Rs. 4800. His principal (in Rs.) is:
A.Rs.90,000 B.Rs.96,000 C.Rs.88,000 D.Rs.1,00,000 E.None of these
13.Shrivastava invests Rs. 800 for 2 years at the certain rate of simple interest. After 2 years his invested sum becomes Rs. 1,008. Find out the rate of interest per annum?
A. 9% p.a. B. 10% p.a C. 12% p.a. D. 13% p.a. E. None of these

14.What will be the simple interest earned on an amount of Rs. 4,800 at 8.5 p.c.p.a., at the end of 2 years 3 months?
A. Rs. 11.0 B. Rs. 898.2 C. Rs. 799.0 D. Rs. 805.4 E. Rs. 918.0
15.A sum of money is divided into three parts. First part is Rs. 1000 more than second and Rs. 2000 more than third. Total interest generated in three years when first, second and third parts are invested at rates of 20%, 15% and 10% per annum in simple interest, respectively, is Rs. 7050. What was the total sum of money?
A. Rs. 12000 B. Rs. 15000 C. Rs. 18000 D. Rs. 24000 E. Rs. 30000
16.Mr. Taneja lends a part of Rs. 20,000 at 8% SI and the remaining at 4/3 % SI. His total income after a year was Rs. 800. Find the sum lent at 8%.
A. Rs. 8000 B. Rs. 18000 C. None D. Rs. 4000 E. Rs. 10000
17.The simple interest on a certain sum for 8 months at 4% per annum is Rs. 129 less than the simple interest on the same sum for 15 months at 5% per annum. What is the sum ?
A. Rs. 2580 B. Rs. 2400 C. Rs. 2529 D. Rs. 2900 E. Rs. 3600
18.A sum of Rs. 16800 is divided into two parts. One part is lent at the simple rate of interest 6% per annum and the other at 8% per annum. After 2 years the total sum received is Rs. 19000. The sum lent at the rate of 6% simple interest is
A. Rs. 12200 B. Rs. 12000 C. Rs. 11000 D. Rs. 10000 E. None of these
19.A person invested Rs 28000 at a simple interest rate of 8% per annum in such a way that his two sons Amit and Rakesh whose ages are 13 years and 14 years respectively will receive equal amount of money when they attain the age of 21 years. What is the share of Amit?
A. 7255 B. 11753 C. 73220 D. 20500 E. 13650
20.Rohit invested Rs 19500 in a bank which offers interest at a rate of 7% per annum for 5 years but due to urgent need he withdrew his investment after 3 years then find the amount he received after 3 years if the bank charges Rs 840 as penalty for early withdrawal?
A. 24555 B. 21753 C. 23220 D. 20500 E. 22755
21.Out of Rs. 60,000 that Rahul has, he lends Rs. 10,000 at 11/2 % per annum simple interest and Rs. 32,000 at 6% per annum simple interest. He lends the remaining money at a certain rate of interest so that he gets total annual interest of Rs. 4000. The rate of interest per annum, at which the remaining money is lent, is?
A.5% B.7.5% C.8% D.8.5% E.10%
22.Vivek invests Rs 15000 as fixed deposit at a bank at the rate of 10% per annum SI. But due to some pressing needs he has to withdraw the entire money after 5 years, for which the bank allowed him a lower rate of interest. If he gets Rs 8250 less than what he would have got at the end of 10 years, the rate of interest allowed by the bank is
A.8% B.8.5% C.9% D.9.5% E.10%
23.Manish borrows 8000 at simple interest from a money lender. At the end of 3 years, he again borrows 7000 and closes his account after paying 8415 as interest after 8 years from the time he made the first borrowing. Find the rate of interest.
A.6% B.6.5% C.8% D.8.5% E.9%
24.The rate of Simple Interest in SBI & BOB are in the ratio of 5:7. Gokul wants to deposit his total savings in two banks in such a way that he receives equal half-yearly interest from both banks. He should deposit in both banks SBI & BOB in the ratio of
A.4:5 B.7:5 C.9:5 D.8:5 E.5:9
25. If simple interest on a certain sum of money for 6 years at 5% per annum is same as the simple interest on Rs. 650 for 9 years at the rate of 12% per annum then the sum of money is
A.Rs.2340 B.Rs.3240 C.Rs.2400 D.Rs.3500 E.None of these