RBI Assistant / Numerical Ability

RBI Assistant Simple Interest practice questions

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2 practice questions Answer explanations Why each answer works

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Sample practice

Simple Interest questions with answers

Question 1 / Simple Interest

What is the simple interest on Rs. 5,000 at 8% per annum for 3 years?

A. Rs. 1,200

B. Rs. 1,250

C. Rs. 1,300

D. Rs. 1,400

Correct answer

A. Rs. 1,200

Why

Simple interest = 5000 x 8 x 3 / 100 = Rs. 1,200.

Question 2 / Simple Interest

Backup practice: What is the simple interest on Rs. 5,000 at 8% per annum for 3 years?

A. Rs. 1,200

B. Rs. 1,250

C. Rs. 1,300

D. Rs. 1,400

Correct answer

A. Rs. 1,200

Why

Simple interest = 5000 x 8 x 3 / 100 = Rs. 1,200.

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