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SBI Clerk Simple & Compound Interest Questions with Answers & Explanations

20 Simple & Compound Interest questions from the Numerical Ability section of SBI Clerk, 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 compound interest on ₹500 for 2 years at 20% per annum, compounded annually?

  1. A₹215
  2. B₹220
  3. C₹320
  4. D₹242
  5. E₹200
Show answer
Answer: (B) ₹220 CI = P[(1 + R/100)² − 1] = ₹220.
Question 2

What is the simple interest on ₹21,000 at 6% per annum for 4 years?

  1. A₹6,300
  2. B₹3,780
  3. C₹5,544
  4. D₹1,260
  5. E₹5,040
Show answer
Answer: (E) ₹5,040 SI = P × R × T / 100 = 21000 × 6 × 4 / 100 = ₹5,040.
Question 3

What is the simple interest on ₹11,500 at 5% per annum for 5 years?

  1. A₹575
  2. B₹2,875
  3. C₹2,300
  4. D₹3,450
  5. E₹3,162.50
Show answer
Answer: (B) ₹2,875 SI = P × R × T / 100 = 11500 × 5 × 5 / 100 = ₹2,875.
Question 4

What is the simple interest on ₹2,500 at 10% per annum for 3 years?

  1. A₹500
  2. B₹250
  3. C₹750
  4. D₹1,000
  5. E₹825
Show answer
Answer: (C) ₹750 SI = P × R × T / 100 = 2500 × 10 × 3 / 100 = ₹750.
Question 5

What is the compound interest on ₹2,400 for 2 years at 10% per annum, compounded annually?

  1. A₹554.40
  2. B₹744
  3. C₹480
  4. D₹504
  5. ENone of these
Show answer
Answer: (D) ₹504 CI = P[(1 + R/100)² − 1] = ₹504.
Question 6

What is the simple interest on ₹12,000 at 4% per annum for 5 years?

  1. A₹1,920
  2. B₹2,640
  3. C₹2,880
  4. D₹480
  5. E₹2,400
Show answer
Answer: (E) ₹2,400 SI = P × R × T / 100 = 12000 × 4 × 5 / 100 = ₹2,400.
Question 7

What is the difference between compound interest and simple interest on ₹2,900 for 2 years at 20% per annum?

  1. A₹232
  2. B₹126
  3. C₹174
  4. D₹116
  5. E₹580
Show answer
Answer: (D) ₹116 For 2 years, CI − SI = P × (R/100)² = ₹116.
Question 8

What is the simple interest on ₹15,000 at 8% per annum for 6 years?

  1. A₹7,920
  2. B₹8,400
  3. C₹7,200
  4. D₹1,200
  5. E₹6,000
Show answer
Answer: (C) ₹7,200 SI = P × R × T / 100 = 15000 × 8 × 6 / 100 = ₹7,200.
Question 9

What is the difference between compound interest and simple interest on ₹2,000 for 2 years at 10% per annum?

  1. A₹200
  2. B₹40
  3. C₹30
  4. D₹20
  5. ENone of these
Show answer
Answer: (D) ₹20 For 2 years, CI − SI = P × (R/100)² = ₹20.
Question 10

What is the simple interest on ₹5,500 at 6% per annum for 3 years?

  1. A₹1,320
  2. B₹1,089
  3. C₹660
  4. D₹330
  5. E₹990
Show answer
Answer: (E) ₹990 SI = P × R × T / 100 = 5500 × 6 × 3 / 100 = ₹990.

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Question 11

What is the difference between compound interest and simple interest on ₹500 for 2 years at 20% per annum?

  1. A₹30
  2. B₹20
  3. C₹100
  4. D₹40
  5. ENone of these
Show answer
Answer: (B) ₹20 For 2 years, CI − SI = P × (R/100)² = ₹20.
Question 12

What is the simple interest on ₹13,000 at 6% per annum for 3 years?

  1. A₹3,120
  2. B₹2,574
  3. C₹2,340
  4. D₹1,560
  5. E₹780
Show answer
Answer: (C) ₹2,340 SI = P × R × T / 100 = 13000 × 6 × 3 / 100 = ₹2,340.
Question 13

What is the compound interest on ₹2,400 for 2 years at 5% per annum, compounded annually?

  1. A₹222
  2. B₹270.60
  3. C₹246
  4. D₹240
  5. E₹366
Show answer
Answer: (C) ₹246 CI = P[(1 + R/100)² − 1] = ₹246.
Question 14

What is the simple interest on ₹9,500 at 5% per annum for 4 years?

  1. A₹475
  2. B₹2,090
  3. C₹2,375
  4. D₹1,900
  5. E₹1,425
Show answer
Answer: (D) ₹1,900 SI = P × R × T / 100 = 9500 × 5 × 4 / 100 = ₹1,900.
Question 15

What is the compound interest on ₹5,200 for 2 years at 5% per annum, compounded annually?

  1. A₹533
  2. B₹586.30
  3. C₹520
  4. D₹481
  5. E₹793
Show answer
Answer: (A) ₹533 CI = P[(1 + R/100)² − 1] = ₹533.
Question 16

What is the simple interest on ₹26,500 at 12% per annum for 3 years?

  1. A₹3,180
  2. B₹12,720
  3. C₹6,360
  4. D₹9,540
  5. E₹10,494
Show answer
Answer: (D) ₹9,540 SI = P × R × T / 100 = 26500 × 12 × 3 / 100 = ₹9,540.
Question 17

What is the compound interest on ₹9,200 for 2 years at 5% per annum, compounded annually?

  1. A₹1,403
  2. B₹851
  3. C₹920
  4. D₹1,037.30
  5. E₹943
Show answer
Answer: (E) ₹943 CI = P[(1 + R/100)² − 1] = ₹943.
Question 18

What is the simple interest on ₹21,000 at 8% per annum for 4 years?

  1. A₹7,392
  2. B₹5,040
  3. C₹1,680
  4. D₹6,720
  5. E₹8,400
Show answer
Answer: (D) ₹6,720 SI = P × R × T / 100 = 21000 × 8 × 4 / 100 = ₹6,720.
Question 19

What is the simple interest on ₹14,500 at 4% per annum for 3 years?

  1. A₹1,914
  2. B₹580
  3. C₹2,320
  4. D₹1,740
  5. E₹1,160
Show answer
Answer: (D) ₹1,740 SI = P × R × T / 100 = 14500 × 4 × 3 / 100 = ₹1,740.
Question 20

What is the compound interest on ₹14,800 for 2 years at 5% per annum, compounded annually?

  1. A₹1,517
  2. B₹1,369
  3. C₹2,257
  4. D₹1,480
  5. E₹1,668.70
Show answer
Answer: (A) ₹1,517 CI = P[(1 + R/100)² − 1] = ₹1,517.

These are RankerClub practice questions written in the SBI Clerk pattern. They are not official SSC/IBPS/RRB papers.

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