Simple Interest Practice Test 34 is a challenging short drill of 15 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 34 in the Simple Interest series on TestMint. This test is free to attempt.
What this test covers
- Simple Interest: 15 questions
Test details
| Questions | 15 |
|---|---|
| Duration | 25 minutes |
| Marks | 1 per question, 15 in total |
| Negative marking | None |
| Difficulty | Mostly challenging |
| Access | Free |
A sample question from this test
Find the simple interest on ₹7400 at 12% per annum for 5 year(s).
- 3,996
- 5,328
- 4,440
- 4,884
Answer: C. 4,440. SI = (P × R × T) ÷ 100 = (7400 × 12 × 5) ÷ 100 = ₹4,440.
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 leans hard, with multi-step questions, so treat it as a stretch: attempt the questions you can see a method for first and return to the rest. At 15 questions in 25 minutes, you have about 100 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.