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NABARD Grade A Simple & Compound Interest Questions with Answers & Explanations

20 Simple & Compound Interest questions from the Quantitative Aptitude section of NABARD Grade A, 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.

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Question 1

What is the simple interest on ₹18,000 at 10% per annum for 5 years?

  1. A₹9,000
  2. B₹10,800
  3. C₹1,800
  4. D₹9,900
  5. E₹7,200
Show answer
Answer: (A) ₹9,000 SI = P × R × T / 100 = 18000 × 10 × 5 / 100 = ₹9,000.
Question 2

What is the difference between compound interest and simple interest on ₹5,200 for 2 years at 5% per annum?

  1. A₹260
  2. B₹13
  3. C₹23
  4. D₹26
  5. E₹19.50
Show answer
Answer: (B) ₹13 For 2 years, CI − SI = P × (R/100)² = ₹13.
Question 3

What is the difference between compound interest and simple interest on ₹1,600 for 2 years at 10% per annum?

  1. A₹26
  2. B₹32
  3. C₹160
  4. D₹24
  5. E₹16
Show answer
Answer: (E) ₹16 For 2 years, CI − SI = P × (R/100)² = ₹16.
Question 4

What is the simple interest on ₹19,000 at 8% per annum for 4 years?

  1. A₹4,560
  2. B₹1,520
  3. C₹6,080
  4. D₹7,600
  5. E₹6,688
Show answer
Answer: (C) ₹6,080 SI = P × R × T / 100 = 19000 × 8 × 4 / 100 = ₹6,080.
Question 5

What is the compound interest on ₹600 for 2 years at 20% per annum, compounded annually?

  1. A₹384
  2. B₹290.40
  3. C₹258
  4. D₹264
  5. E₹240
Show answer
Answer: (D) ₹264 CI = P[(1 + R/100)² − 1] = ₹264.
Question 6

What is the simple interest on ₹12,000 at 4% per annum for 2 years?

  1. A₹1,056
  2. B₹1,440
  3. C₹960
  4. D₹480
  5. ENone of these
Show answer
Answer: (C) ₹960 SI = P × R × T / 100 = 12000 × 4 × 2 / 100 = ₹960.
Question 7

What is the compound interest on ₹700 for 2 years at 10% per annum, compounded annually?

  1. A₹147
  2. B₹161.70
  3. C₹140
  4. D₹217
  5. ENone of these
Show answer
Answer: (A) ₹147 CI = P[(1 + R/100)² − 1] = ₹147.
Question 8

What is the simple interest on ₹14,500 at 8% per annum for 6 years?

  1. A₹6,960
  2. B₹7,656
  3. C₹1,160
  4. D₹8,120
  5. E₹5,800
Show answer
Answer: (A) ₹6,960 SI = P × R × T / 100 = 14500 × 8 × 6 / 100 = ₹6,960.
Question 9

What is the difference between compound interest and simple interest on ₹600 for 2 years at 10% per annum?

  1. A₹9
  2. B₹6
  3. C₹12
  4. D₹16
  5. E₹60
Show answer
Answer: (B) ₹6 For 2 years, CI − SI = P × (R/100)² = ₹6.
Question 10

What is the simple interest on ₹28,500 at 5% per annum for 3 years?

  1. A₹4,702.50
  2. B₹4,275
  3. C₹5,700
  4. D₹2,850
  5. E₹1,425
Show answer
Answer: (B) ₹4,275 SI = P × R × T / 100 = 28500 × 5 × 3 / 100 = ₹4,275.

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Question 11

What is the compound interest on ₹3,200 for 2 years at 20% per annum, compounded annually?

  1. A₹1,376
  2. B₹1,408
  3. C₹1,280
  4. D₹1,548.80
  5. E₹2,048
Show answer
Answer: (B) ₹1,408 CI = P[(1 + R/100)² − 1] = ₹1,408.
Question 12

What is the simple interest on ₹21,500 at 10% per annum for 2 years?

  1. A₹6,450
  2. B₹2,150
  3. C₹4,300
  4. D₹4,730
  5. ENone of these
Show answer
Answer: (C) ₹4,300 SI = P × R × T / 100 = 21500 × 10 × 2 / 100 = ₹4,300.
Question 13

What is the compound interest on ₹2,800 for 2 years at 10% per annum, compounded annually?

  1. A₹560
  2. B₹646.80
  3. C₹868
  4. D₹588
  5. ENone of these
Show answer
Answer: (D) ₹588 CI = P[(1 + R/100)² − 1] = ₹588.
Question 14

What is the simple interest on ₹12,500 at 12% per annum for 4 years?

  1. A₹1,500
  2. B₹6,000
  3. C₹6,600
  4. D₹4,500
  5. E₹7,500
Show answer
Answer: (B) ₹6,000 SI = P × R × T / 100 = 12500 × 12 × 4 / 100 = ₹6,000.
Question 15

What is the difference between compound interest and simple interest on ₹3,200 for 2 years at 5% per annum?

  1. A₹160
  2. B₹16
  3. C₹12
  4. D₹18
  5. E₹8
Show answer
Answer: (E) ₹8 For 2 years, CI − SI = P × (R/100)² = ₹8.
Question 16

What is the simple interest on ₹7,500 at 5% per annum for 6 years?

  1. A₹2,250
  2. B₹375
  3. C₹1,875
  4. D₹2,625
  5. E₹2,475
Show answer
Answer: (A) ₹2,250 SI = P × R × T / 100 = 7500 × 5 × 6 / 100 = ₹2,250.
Question 17

What is the compound interest on ₹11,600 for 2 years at 5% per annum, compounded annually?

  1. A₹1,307.90
  2. B₹1,769
  3. C₹1,073
  4. D₹1,160
  5. E₹1,189
Show answer
Answer: (E) ₹1,189 CI = P[(1 + R/100)² − 1] = ₹1,189.
Question 18

What is the compound interest on ₹900 for 2 years at 10% per annum, compounded annually?

  1. A₹189
  2. B₹279
  3. C₹207.90
  4. D₹180
  5. ENone of these
Show answer
Answer: (A) ₹189 CI = P[(1 + R/100)² − 1] = ₹189.
Question 19

What is the simple interest on ₹9,500 at 8% per annum for 2 years?

  1. A₹760
  2. B₹2,280
  3. C₹1,672
  4. D₹1,520
  5. ENone of these
Show answer
Answer: (D) ₹1,520 SI = P × R × T / 100 = 9500 × 8 × 2 / 100 = ₹1,520.
Question 20

What is the simple interest on ₹8,000 at 10% per annum for 5 years?

  1. A₹4,000
  2. B₹4,400
  3. C₹800
  4. D₹3,200
  5. E₹4,800
Show answer
Answer: (A) ₹4,000 SI = P × R × T / 100 = 8000 × 10 × 5 / 100 = ₹4,000.

These are RankerClub practice questions written in the NABARD Grade A pattern. They are not official SSC/IBPS/RRB papers.

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