IBPS CLERK Prelims Study Planner 2018 – S.I & C.I-Day 4

Dear Bankersdaily Aspirants,

After the SBI PO, SBI CLERK & IBPS PO Exams IBPS Clerk will be the most expected one to crack the banking job for many aspirants.Since Ibps has also changed the exam pattern similar to SBI,we are providing practise sets in basis of IBPS CLERK 15 Days Study Planner.

Students are advised to practise the questions regularly and crack the IBPS Clerk 2018 which will be held shortly.Since this will be the dream job for most of the aspirants everyone should work hard and act smart to achieve their own destination.

We at Bankersdaily will be providing daily questions for the IBPS CLERK Prelims Exam 2018 through this IBPS CLERK Prelims 2018 – Study Planner to assist the aspirants in their preparation. All the Three sections Quants, Reasoning and English Langauge questions will be available regularly in Bankersdaily.

Quizzes will be released every day by the timing given below:

  • Quantitative Aptitude – 8:00 P.M
  • Reasoning Ability – 8:15 P.M 
  • English Language – 8:30 P.M

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Q.1) Praveen invested certain sum of money in Scheme A for two years at a rate of simple interest 10% pa, he received Rs.2400 at the end of two years. What is the sum of money he invested in scheme A?

a) Rs.15000

b) Rs.18000

c) Rs.12000

d) Rs.12500

e) Rs.18500

Q.2) If Raavanan invested Rs.15000 each, one part under simple interest and another part in compound interest at the rate of 7% p.a. for two years. What is the difference between the simple and compound interest for two years?

a) Rs 73.50

b) Rs 70.50

c) Rs 75.50

d) Rs 74.90

e) Rs 72.80

Q.3) Rajesh had Rs.60000 with him. He divided the amount into two parts such that the simple interest on the first part for 2 years at rate R was 6 times the simple interest on the second part, when the second part had rate as 2/5th the rate R in the first year and 3/5th the rate R in the second year. What is the difference between the two parts?

a) Rs 20000

b) Rs 30000

c) Rs 15000

d) Rs 35000

e) None of the above

Q.4) A sum of money is deposited in a bank, which becomes five times in 10 years at simple interest. What is the rate of interest?

a) 15%

b) 16%

c) 17%

d) 18%

e) None of these

Q.5) An amount of Rs. 400 becomes Rs. 424 in 3 years at a certain rate of simple interest, If the rate of interest increases by 8%, The amount Rs.400 becomes  how much in 2 years?

a) Rs.654

b) Rs.530

c) Rs.420

d) Rs.480

e) None of these

Q.6) Simple interest on a certain sum of money for 4 years at 10% per annum is half the compound interest on Rs.8000 for 3 years at 10% per annum. The sum placed on simple interest is?

a) Rs. 4095

b) Rs. 3095

c) Rs. 3125

d) Rs. 3100

e) Rs.3310

Q.7) The total population of a village is 20000 in the year 2015, of which 45% are females. If the number of males increased by 10% and the number of females increased by 20% in every year, what is the total population in the year 2017?

a) 26270

b) 25270

c) 24270

d) 23270

e) 22270

Q.8) Mani invested Rs.28000 in two different schemes A and B. Scheme A offers at a rate of 12% pa SI and Scheme B offers 10% pa compounded annually. If the sum interchanges in those two schemes A and B interest gets Rs.120 more than the earlier at the end of two years, what is the difference of the two sums?

a) Rs.4000

b) Rs.3000

c) Rs.5000

d) Rs.4500

e) Rs.6400

Q.9) A sum becomes Rs.508.8 in 2 years at 12% per annum compound interest, compounded annually. The simple interest at 24% per annum for 3 years on the same amount will be:

a) Rs.1250

b) Rs.1890

c) Rs.2140

d) Rs.1440

e) Rs.1850

Q.10) Sheela borrowed certain sum from Vanaja for 2 years at simple interest. Sheela lent sum to Girija at the same rate for 2 years at compound interest. At the end of 2 years, she received Rs.33000 as compound interest but paid Rs.30000 as simple interest. Find the sum of money.

a) 60000

b) 75000

c) 72000

d) 64000

e) 70000


Q.1) c

Let the sum be x


Q.2) a

Difference of interest for 2 years =

Q.3) b

Let the first part be ‘x and the second part be ‘y’.

Given that x+y=60000………..(1)


Dividing both sides by  R/100

2x = 6[0.4y + 0.6y]

x = 3y Substituting this value in equation 1,

x = Rs 45000 and y = Rs 15000

Difference = Rs 30000

Q.4) e

Q.5) d

Q.6) e

Let A be the amount obtained when Rs. 4000 is compounded annually.

A = 8000 (1+ 10/100)3

= 10648

C.I = Rs (10648 – 8000) = 2648

S.I = 1324

Therefore, P

Q.7) a

Q.8) a

Let sum invest in scheme A be x and scheme B be (28000-x)


(21% of (28000-x)+24% of x)+120=21% of x+24% of (28000-x)  

Simplify this equation we get, x=12000

Scheme B =28000-12000=16000

Required difference =16000-12000=Rs.4000

Q.9) d

Let the principle be x

Required interest

Alternate method:


For 2 yrs




3yrs SI at 24%=Rs.1440

Q.10) b

Let sum of money be Rs. X and rate of interest R%

Given, difference between CI an SI for 2 yrs

Aspirants can check the Whole planner of IBPS CLERK Prelims Exam 2018 from the below given link. 

IBPS CLERK prelims Exam 2018 – Planner 

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