Simple Interest is a very important topic for bank exams like SBI PO, IBPS PO and Clerk, RRBs, RBI and SEBI. Also the concept is very useful in our day to today life. In bank exams every year 2/3 questions are asked. So if you struggle to have some basic knowledge of this chapter or you feel some concepts have vanished from your mind you can revise it by the following content given below.

• Question : 1

The selling price of the book is 20% more than the selling price of the bag and the selling price of the bottle is 20% less than the selling price of the bag. If the selling price of the book is Rs.2200 more than the selling price of the bag, then what is the average of the selling price of the bottle and bag?

• Question : 2

A shopkeeper marked an article ‘A’ 60% above the cost price and sold it for Rs. 2016 after giving a certain discount while he sold an article ‘B’ for Rs. 1344. If cost price of article ‘B’ is Rs. 960 and profit percentage earned on selling article ‘B’ is 60% more than discount percentage given on selling article ‘A’ then find the cost price of article ‘A’.

• Question : 3

The simple interest received on a certain sum is Rs. 450 less than the sum invested. If the sum was invested at 10% p.a. for 5 years, then find the simple interest received.

• Question : 4

The simple interest received on a certain sum is Rs. 4500 less than the sum invested. If the sum was invested at 5% p.a. for 15 years, then find the simple interest received.

• Question : 5

The simple interest received on a certain sum is Rs. 500 less than the sum invested. If the sum was invested at 10% p.a. for 6 years, then find the simple interest received.