BANK · Quantitative Aptitude

Simple Interest questions with answers

Build accuracy with explanation-led practice, then open a focused search or timed exam drill.

Practise this topic →View BANK guide
PRACTICE PREVIEW

Five questions to begin your revision

Open each answer only after choosing your own response.

01Medium · ✓ Verified answer

Banking examinations practice check: Find the simple interest on ₹1,600 at 5% per year for 2 years.

  1. ₹144
  2. ₹192
  3. ₹160
  4. ₹176
Check answer and explanation +
C — ₹160

Simple interest = principal × rate × time ÷ 100 = ₹1,600 × 5 × 2 ÷ 100 = ₹160. The displayed answer was independently recomputed during publication.

Source: NCERT Mathematics Classes VI–X · Simple Interest; mapped to the published Banking examinations quantitative/numeracy area; answer independently recomputed. Syllabus-aligned practice—not a previous-year question.
02Medium · ✓ Verified answer

Banking examinations high-priority drill: Find the simple interest on ₹1,800 at 6% per year for 3 years.

  1. ₹360
  2. ₹324
  3. ₹342
  4. ₹306
Check answer and explanation +
B — ₹324

Simple interest = principal × rate × time ÷ 100 = ₹1,800 × 6 × 3 ÷ 100 = ₹324. The displayed answer was independently recomputed during publication.

Source: NCERT Mathematics Classes VI–X · Simple Interest; mapped to the published Banking examinations quantitative/numeracy area; answer independently recomputed. Syllabus-aligned practice—not a previous-year question.
03Medium · ✓ Verified answer

Banking examinations foundation revision: Find the simple interest on ₹2,000 at 7% per year for 4 years.

  1. ₹560
  2. ₹580
  3. ₹540
  4. ₹600
Check answer and explanation +
A — ₹560

Simple interest = principal × rate × time ÷ 100 = ₹2,000 × 7 × 4 ÷ 100 = ₹560. The displayed answer was independently recomputed during publication.

Source: NCERT Mathematics Classes VI–X · Simple Interest; mapped to the published Banking examinations quantitative/numeracy area; answer independently recomputed. Syllabus-aligned practice—not a previous-year question.
04Medium · ✓ Verified answer

Banking examinations speed-building set: Find the simple interest on ₹2,200 at 8% per year for 2 years.

  1. ₹374
  2. ₹330
  3. ₹396
  4. ₹352
Check answer and explanation +
D — ₹352

Simple interest = principal × rate × time ÷ 100 = ₹2,200 × 8 × 2 ÷ 100 = ₹352. The displayed answer was independently recomputed during publication.

Source: NCERT Mathematics Classes VI–X · Simple Interest; mapped to the published Banking examinations quantitative/numeracy area; answer independently recomputed. Syllabus-aligned practice—not a previous-year question.
05Medium · ✓ Verified answer

Banking examinations accuracy checkpoint: Find the simple interest on ₹2,400 at 9% per year for 3 years.

  1. ₹624
  2. ₹696
  3. ₹648
  4. ₹672
Check answer and explanation +
C — ₹648

Simple interest = principal × rate × time ÷ 100 = ₹2,400 × 9 × 3 ÷ 100 = ₹648. The displayed answer was independently recomputed during publication.

Source: NCERT Mathematics Classes VI–X · Simple Interest; mapped to the published Banking examinations quantitative/numeracy area; answer independently recomputed. Syllabus-aligned practice—not a previous-year question.
✓

Know what you are practisingVerified and AI-generated records remain labelled separately. Previous-exam claims appear only when the source record supports them.

See every Simple Interest question →
CONTINUE LEARNING

Related BANK topics