# 10 Important MCQ Of Quantitative Aptitude For SBI Clerical Canara Bank PO Railway Exam 2018

**Q1. Ravi borrowed some money at the rate of 4 p.c.p.a for the first three years, at the rate of 8 p.c.p.a for the next two years and at the rate of 9 p.c.p.a for the period beyond 5 years. If he pays a total simple interest of Rs 19550 at the end of 7 years, how much money did he borrow?**

(a) Rs 39500

(b) Rs 42500

(c) Rs 41900

(d) Rs 43000

(e) Rs 45500

**Q2. Mr. X invested an amount for 2 years at 15 percent per annum at simple interest. Had the interest been compounded annually, he would have earned Rs. 450/- more as interest. What was the amount invested?**

(a) Rs. 22,000

(b) Rs. 24,000

(c) Rs. 25000

(d) Rs. 25500

(e) Rs. 20000

**Q3. Two equal sums of money were invested-one at 4 1/2% p.a. and the other at 4% p.a . At the end of 7 years, the simple interest received from the former was exceeded to that received from the latter by Rs 31.50. Each sum was**

(a) Rs 100

(b) Rs 500

(c) Rs 750

(d) Rs 900

(e) Rs 950

**Q4. A certain amount is invested in scheme A for 6 years which offers simple interest at the rate of x% per annum. The same amount is invested in scheme B for 2 years which offers compound interest (compound annually) at the rate of 10% per annum. Interest earned from scheme A is twice to that of earned from scheme B. If the rate of interest of scheme A had been (x + 2)% per annum, the difference between the interest after corresponding periods would have been Rs 3960. What is the amount invested in each scheme?**

(a) Rs 15,000

(b) Rs 12,000

(c) Rs 13,000

(d) Rs 12,500

(e) Rs. 13,500

**Q5. A sum is divided between A and B in the ratio of 1 : 2. A purchased a car from his part, which depreciates at the rate of 100/7% per annum and B deposited his amount in a bank, which pays him 20% interest per annum compounded annually. By what percent will the total sum of money increase after two years due to this investment pattern (approximately)?**

(a) 20.5%

(b) 26.66%

(c) 30%

(d) 25%

(e) 23%

**Q6. A person lent out two equal amounts at 6% and 24% per annum simple interest each for a period of 18 months. he got total interest of Rs 4704. Which of these could be the amount that was lent out in each case if interest is paid half-yearly?**

(a) Rs 14053

(b) Rs 10453

(c) Rs 15450

(d) Rs 13543

(e) Rs 12272

**Q7. A sum of Rs 18,750 is left in will by a father to be divided between two sons, whose present age is 12 and 14 years respectively, such that when they attain maturity at 18, the amount (Principal + interest) received by each at 5% S.I. will be the same. Find the sum allotted at present to each son.**

(a) Rs 9500, Rs 9250

(b) Rs 8000, Rs 1750

(c) Rs 9000, Rs 9750

(d) Rs 8500, Rs 10250

(e) None of these

**Q8. The difference between CI and SI on a certain sum of money at 10% per annum for 3 years is Rs 620. Find the principal if it is known that the interest is compounded annually.**

(a) Rs 2,00,000

(b) Rs 20,000

(c) Rs 10, 000

(d) Rs 1,00, 000

(e) Rs 2,000

**Q9. If the difference between compound interest and simple interest on a certain sum of money for 3 years at 10% p.a. (for both simple and compound interest) be Rs.1488 then find that sum in rupee.**

(a) Rs. 48000

(b) Rs. 31250

(c) Rs. 35500

(d) Rs. 38550

(e) Rs. 35850

**Q10. Find the compound interest at the rate of 10% for 3 years on that principal which in 3 years at the rate of 10% per annum gives Rs 300 as simple interest.**

(a) Rs 331

(b) Rs 310

(c) Rs 330

(d) Rs 333

(e) Rs 341