What is the simple interest on ₹6,500 at 10% per annum for 4 years?
- A₹2,860
- B₹2,600
- C₹650
- D₹1,950
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Answer: (B) ₹2,600
SI = P × R × T / 100 = 6500 × 10 × 4 / 100 = ₹2,600.
BARC OCES/DGFS Simple & Compound Interest Questions with Answers & Explanations
19 Simple & Compound Interest questions from the Quantitative Aptitude section of BARC OCES/DGFS, each with the correct answer and a worked explanation. Try each question first, then tap Show answer to check. When you're ready, take the timed chapter-wise test to see your all-India rank.
What is the simple interest on ₹23,000 at 6% per annum for 3 years?
- A₹4,140
- B₹1,380
- C₹2,760
- D₹5,520
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Answer: (A) ₹4,140
SI = P × R × T / 100 = 23000 × 6 × 3 / 100 = ₹4,140.
What is the difference between compound interest and simple interest on ₹2,400 for 2 years at 5% per annum?
- A₹9
- B₹6
- C₹12
- D₹16
Show answer
Answer: (B) ₹6
For 2 years, CI − SI = P × (R/100)² = ₹6.
What is the simple interest on ₹24,500 at 6% per annum for 4 years?
- A₹1,470
- B₹5,880
- C₹7,350
- D₹4,410
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Answer: (B) ₹5,880
SI = P × R × T / 100 = 24500 × 6 × 4 / 100 = ₹5,880.
What is the compound interest on ₹1,800 for 2 years at 10% per annum, compounded annually?
- A₹378
- B₹360
- C₹415.80
- D₹558
Show answer
Answer: (A) ₹378
CI = P[(1 + R/100)² − 1] = ₹378.
What is the simple interest on ₹8,500 at 4% per annum for 4 years?
- A₹1,020
- B₹1,360
- C₹1,496
- D₹340
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Answer: (B) ₹1,360
SI = P × R × T / 100 = 8500 × 4 × 4 / 100 = ₹1,360.
What is the difference between compound interest and simple interest on ₹16,000 for 2 years at 5% per annum?
- A₹800
- B₹50
- C₹40
- D₹60
Show answer
Answer: (C) ₹40
For 2 years, CI − SI = P × (R/100)² = ₹40.
What is the simple interest on ₹9,000 at 10% per annum for 5 years?
- A₹5,400
- B₹4,500
- C₹900
- D₹3,600
Show answer
Answer: (B) ₹4,500
SI = P × R × T / 100 = 9000 × 10 × 5 / 100 = ₹4,500.
What is the compound interest on ₹3,500 for 2 years at 20% per annum, compounded annually?
- A₹1,400
- B₹1,540
- C₹1,505
- D₹2,240
Show answer
Answer: (B) ₹1,540
CI = P[(1 + R/100)² − 1] = ₹1,540.
What is the simple interest on ₹29,000 at 4% per annum for 2 years?
- A₹1,160
- B₹2,552
- C₹2,320
- D₹3,480
Show answer
Answer: (C) ₹2,320
SI = P × R × T / 100 = 29000 × 4 × 2 / 100 = ₹2,320.
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Timed Quantitative Aptitude test · 15 questions · instant rank
What is the compound interest on ₹2,400 for 2 years at 10% per annum, compounded annually?
- A₹480
- B₹504
- C₹554.40
- D₹744
Show answer
Answer: (B) ₹504
CI = P[(1 + R/100)² − 1] = ₹504.
What is the simple interest on ₹28,000 at 10% per annum for 5 years?
- A₹2,800
- B₹14,000
- C₹15,400
- D₹16,800
Show answer
Answer: (B) ₹14,000
SI = P × R × T / 100 = 28000 × 10 × 5 / 100 = ₹14,000.
What is the difference between compound interest and simple interest on ₹3,000 for 2 years at 20% per annum?
- A₹120
- B₹180
- C₹240
- D₹130
Show answer
Answer: (A) ₹120
For 2 years, CI − SI = P × (R/100)² = ₹120.
What is the simple interest on ₹24,500 at 5% per annum for 6 years?
- A₹7,350
- B₹6,125
- C₹8,575
- D₹8,085
Show answer
Answer: (A) ₹7,350
SI = P × R × T / 100 = 24500 × 5 × 6 / 100 = ₹7,350.
What is the compound interest on ₹6,400 for 2 years at 5% per annum, compounded annually?
- A₹592
- B₹640
- C₹721.60
- D₹656
Show answer
Answer: (D) ₹656
CI = P[(1 + R/100)² − 1] = ₹656.
What is the simple interest on ₹14,500 at 5% per annum for 6 years?
- A₹3,625
- B₹4,785
- C₹725
- D₹4,350
Show answer
Answer: (D) ₹4,350
SI = P × R × T / 100 = 14500 × 5 × 6 / 100 = ₹4,350.
What is the simple interest on ₹15,500 at 6% per annum for 2 years?
- A₹930
- B₹1,860
- C₹2,790
- D₹2,046
Show answer
Answer: (B) ₹1,860
SI = P × R × T / 100 = 15500 × 6 × 2 / 100 = ₹1,860.
What is the simple interest on ₹9,500 at 10% per annum for 4 years?
- A₹3,800
- B₹4,180
- C₹2,850
- D₹950
Show answer
Answer: (A) ₹3,800
SI = P × R × T / 100 = 9500 × 10 × 4 / 100 = ₹3,800.
What is the difference between compound interest and simple interest on ₹1,500 for 2 years at 10% per annum?
- A₹150
- B₹22.50
- C₹25
- D₹15
Show answer
Answer: (D) ₹15
For 2 years, CI − SI = P × (R/100)² = ₹15.
These are RankerClub practice questions written in the BARC OCES/DGFS pattern. They are not official SSC/IBPS/RRB papers.
