Simple Interest Practice Test 31 is a moderate sectional-style set of 20 multiple-choice questions on simple interest, created by ReadyGo Learn for candidates preparing for bank PO, clerk and other banking recruitment exams. It is test 31 in the Simple Interest series on TestMint. This test is free to attempt.
What this test covers
- Simple Interest: 20 questions
Test details
| Questions | 20 |
|---|---|
| Duration | 30 minutes |
| Marks | 1 per question, 20 in total |
| Negative marking | None |
| Difficulty | Mostly moderate |
| Access | Free |
A sample question from this test
Find the simple interest on ₹1600 at 5% per annum for 2 year(s).
- 144
- 192
- 160
- 176
Answer: C. 160. SI = (P × R × T) ÷ 100 = (1600 × 5 × 2) ÷ 100 = ₹160.
How to approach this test
Work out one year of interest first (principal × rate ÷ 100) and multiply by the number of years, converting months to years before you begin.
This set mixes straightforward questions with a few that need an extra step, so it works well as a checkpoint once the basics are comfortable. At 20 questions in 30 minutes, you have about 90 seconds per question on average. After you submit, review every wrong or guessed answer using the explanations.
Keep practising
Continue with the Simple Interest practice page, all Banking mock tests, free mock tests, a guide to preparing this topic and how to review your mistakes.