Interest Quiz 2
Practice quiz on Interest (Mathematics). 5 real exam questions.
About This Quiz
Interest Quiz 2 — Questions with Solutions
All 5 questions from this quiz with the correct answer and explanation. Attempt them yourself first, then open each solution to check your reasoning.
Q1.Find the simple interest on ₹8,000 at 5% per annum for 3 years.
- A.₹1,000
- B.₹1,200
- C.₹1,300
- D.₹1,400
Show answer
Answer: B. ₹1,200
SI = (8000×5×3)/100 = ₹1,200.
Q2.What is the compound interest on ₹5000 at 10% per annum for 2 years (compounded annually)?
- A.₹1000
- B.₹1100
- C.₹1050
- D.₹950
Show answer
Answer: C. ₹1050
Amount = 5000 × (1.1)² = 6050 ⇒ CI = 6050 − 5000 = ₹1050.
Q3.What is the simple interest on ₹4500 at 8% for 3 years?
- A.₹960
- B.₹1080
- C.₹1120
- D.₹1200
Show answer
Answer: B. ₹1080
SI = 4500 × 8 × 3 ÷ 100 = ₹1080.
Q4.What is the simple interest on ₹1000 at 5% for 2 years?
- A.₹50
- B.₹75
- C.₹100
- D.₹150
Show answer
Answer: C. ₹100
SI = PRT/100 = 1000×5×2/100 = 100.
Q5.Simple interest on ₹2000 at 5% for 2 years is:
- A.₹150
- B.₹200
- C.₹250
- D.₹300
Show answer
Answer: B. ₹200
SI = (2000×5×2)/100 = 200
Frequently Asked Questions
Is Interest Quiz 2 free to attempt on AajExam?
Yes. Interest Quiz 2 is completely free. You only need a free AajExam account to track your score, view detailed solutions and unlock cross-attempt analytics.
How long does it take to complete Interest Quiz 2?
Interest Quiz 2 runs on a 1-minute timer in real exam-style conditions. The clock starts the moment you click Start, mirroring the time pressure of the actual exam.
Are detailed solutions provided?
Yes. Every question on Interest Quiz 2 ships with a complete step-by-step solution, the underlying concept, and (where applicable) shortcut tricks. You can also discuss any question with the AajExam community.
Can I attempt Interest Quiz 2 multiple times?
Yes. You can attempt this quiz as many times as you like. Each attempt is recorded separately so you can track improvement in score, accuracy and time-management.
Which government exams does this quiz prepare me for?
Interest questions appear regularly in SSC CGL, CHSL, MTS, GD; IBPS PO, Clerk; SBI PO, Clerk; RRB NTPC, Group D; UPSC prelims and most State PSC exams. The specific weightage varies by exam — check the exam pattern on the corresponding AajExam exam page for details.