What is the simple interest on ₹3,000 at 5% per annum for 2 years?
Correct answer
B. ₹300
Why
Simple interest = 3000 x 5 x 2 / 100 = 300.
RBI Assistant / Numerical Ability
RBI Assistant Simple and Compound Interest practice questions
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Simple and Compound Interest questions with answers
What is the simple interest on ₹3,200 at 6% per annum for 3 years?
Correct answer
A. ₹576
Why
Simple interest = 3200 x 6 x 3 / 100 = 576.
What is the simple interest on ₹3,400 at 8% per annum for 4 years?
Correct answer
D. ₹1,088
Why
Simple interest = 3400 x 8 x 4 / 100 = 1088.
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