Simple Interest and Compound Interest

1. How much will you earn as interest if you deposit Tk. 1,000 in a bank account for 2 years at 10%
considering simple interest rate?

(IFIC Bank : CO - 2013)

a. 120 b. 200 c. 210 d. 300 e. None of these

2. How much interest will Tk. 10,000 earn in 9 months at an annual rate of 6%?

(Bangladesh Bank : AD – 2001)

a. 900 b. 750 c. 600 d. 450

3. What will be the simple interest for 1 year and 4 months on a sum of Tk. 25,800 at the rate of 14% per
annum?

(Janata Bank : AEO – 2019)

a. Tk. 4,816 b. Tk. 2,580 c. Tk. 4,815 d.. None of these

4. If the rate of simple interest is 12% per annum the amount that would fetch interest of Tk. 6,000 per
annum is-

(PKB : EO – 2019)

a. Tk. 50,000 b. Tk. 7,200 c. Tk. 72,000 d. None of these

5. What amount of money invested would earn interest of Tk. 200 over 4 years at 10% simple interest rate?

(Bangladesh Bank : AD – 2001)

a. 400 b. 500 c. 600 d. None of these

6. What amount of money (in TK) will grow to Tk. 2,380 in 8 years if the simple rate of interest applied is
5% per annum?

(BDBL : SO – 2011)

a. 1,200 b. 1,300 c. 1,500 d. 1,700 e. None of these

7. A bank pays simple interest rate of 8% on investment. If you invest Taka. 5,000 in the bank, how much
money would you get after 8 years?

(BKB : Officer - 2017)

a. 9,255 b. 3,200 c. 5,320 d. 8,200 e. None of these

8. A sum of Tk. 1,600 gives a simple interest of Tk. 400 in 2 years. The rate of interest per annum is?

(Bangladesh Bank : AD - 2013)

1 1 2
a. 6% b. 6 % c. 12 % d. 16 % e. None of these
4 2 3

9. What simple interest rate will Sumon need to secure to make Tk. 2,500 in interest on a Tk. 10,000
principal over 5 years?

(Agrani Bank : Officer – 2018)

a. 3% b. 4% c. 5% d. 6% e. None of these

10. A bond gets matured in 10 years. Ram invested Tk. 42,000 in this bond and received Tk. 105,000 once
the bond matured. If the bond was under simple interest, then what was the rate of interest per annum?

(Rupali and Janata Bank : Officer – 2019)

a. 10% b. 12.5% c. 15% d. 7.5% e. None of these

11. If interest of Tk. 500 in 4 years and interest of Tk. 600 in 5 years collectively is Tk. 500, then what is
the interest rate?

(IFIC Bank : MTO – 2017 ; IFIC Bank : TSO – 2018)

a. 5% b. 6% c. 10% d. 12% e. None of these

12. The simple interest on a certain sum of money at the rate of 5% per annum for 8 years is Tk. 840. At
what rate of interest the same amount of interest can be received on the same sum after 5 years?

(Pubali Bank : TAT - 2017)

a. 6% b. 8% c. 9% d. 10%

13. Bank X pays a simple interest of Taka 80 on a principal of Taka 1,000 annually. Bank Y pays a simple
interest of Taka 140 on a principal of Taka 1,000 annually. What is the ratio of the interest rates Of Bank
X to Bank Y?

(Bangladesh Bank : AD – 2012)

a. 4 : 7 b. 6 : 8 c. 9 : 18 d. 2 : 4

Page 1 of 9
14. At a simple interest rate of 10% per year, how many years will it take for a principal amount Tk. 500 to
earn an interest amount of Tk. 100?

(Uttara Bank : CO – 2011)

a. 2 b. 3 c. 4 d. Cannot be determined

15. How much time will it take for an amount of Tk. 450 to yield Tk. 81 as interest at 4.5% per annum of
simple interest?

(Pubali Bank : JO – 2019 ; BKB : CO – 2017 ; BDBL : SO - 2017)

a. 3.5 years b. 4 years c. 4.5 years d. 5 years e. None of these

16. In 4 years, Tk. 6,000 amounts to Tk. 8,000. In what time at the same rate will Tk. 525 amounts to
Tk.700?

(Uttara Bank : Cash - 2017)

a. 2 b. 3 c. 4 d. 5 e. None of these

17. Hasib took a loan of Tk. 1400 with simple interest for as many years as the rate of interest. If he paid
Tk.126 as interest at the end of the loan period, what was the rate of interest?
(Mercantile Bank – 2015)
a. 3% b. 6% c. 9% d. 12% e. None of these

18. If the interest of Tk. H at H% in 4 years is Tk. H, then H =?

(BDBL : SO - 2017)

a. 25 b. 30 c. 20 d. 32 e. None of these

19. A sum of money at simple interest amounts to Tk. 815 in 3 years and to Tk. 854 in 4 years. The sum is-

(Exim Bank : CO - 2013 ; Pubali Bank : SO – 2014 ; Pubali Bank : TAJO Cash – 2019)

a. Tk. 650 b. Tk. 698 c. Tk. 690 d. Tk. 700 e. None of these

20. A sum of money amounts to Tk. 9,800 after 5 years and Tk. 12,005 after 8 years at the same rate of
simple interest. The rate of interest per annum is :-

(Rupali Bank - 2013)

a. 5% b. 8% c. 12% d. 15% e. None of these

Page 2 of 9
21. In what time period will simple interest on Tk. 5,00 at 5% be equal to the interest on Tk. 4,00 for 5
years at 5%?

(Agrani Bank : SO - 2017)

a. 3 years b. 4 years c. 5 years d. 6 years e. None of these

22. Rahim invested in all Tk. 2600 in three different schemes at 8%, 4%, and 6% per annum simple interest.
At the end of the year, he received the same interest in all the three schemes. What is the money invested
in scheme having 4% rate of interest?

[Sonali Bank : Officer Cash FF - 2019]

a. Tk. 700 b. Tk. 800 c. Tk. 50 d. Tk. 1200 e. None of these

23. A man losses Tk. 55.50 yearly when the annual rate of interest fall from 11.5% to 10%. His capital is :

(Pubali Bank : SO - 2013)

a. 3,700 b. 7,400 c. 8,325 d. 1,110 e. None of these

24. Rahim borrowed Tk. 800 at 6% per annum and Karim borrowed Tk. 600 at 10% per annum. After how
much time, will they both have equal debts?

(Basic Bank : AM - 2018)

50 83 44 20
a. years b. years c. years d. years e. None of these
3 3 3 3

25. Tk. 800 becomes Tk. 956 in a 3 years at certain rate of simple interest. If the rate of interest is increased
by 4%, what amount will Tk. 800 become ion 3 years?

(Bangladesh Bank : AD - 2016)

a. Tk. 1,052 b. Tk. 1020.80 c. Tk. 1,025 d. None of these

26. A sum of Tk. 600 amounts to Tk. 720 in 4 years at simple interest. What will it amount to if the rate of
interest is increased by 2%.

(Janata Bank : EO – 2017)

a. 750 b. 768 c. 800 d. 992 e. None of these

27. What is the rate of simple interest for the first 4 years if the sum of Tk. 360 becomes Tk. 540 in 9 years
and the rate of interest for the last 5 years is 6%?

(Combined 6 Bank's & 2 Fin.Inst : SO - 2019)

a. 4% b. 5% c. 3% d. 6% e. None of these

Page 3 of 9
28. Two banks offer interest rate of 6% and 7% respectively on savings account. Mr. Faruq deposited a
total amount of Tk. 4000 in the banks and in one year his interest income was Tk. 250. Find the deposit in
the bank with 7% interest rate?

(One Bank : SCO – 2017)

a. Tk. 3,000 b. Tk. 2,000 c. Tk. 1,500 d. Tk. 1,000 e. None of these

29. The simple interest on a sum of money will be Tk. 600 after 10 years. If the principal is treble after 5
years. What will be the total interest at the end of the tenth year?

(Sonali Bank - 2018)

a. Tk. 600 b. Tk. 900 c. Tk. 1,200 d. Tk. 1,500 e. None of these

30. At simple interest of 5%, 6% and 8% for 3 consecutive years, the interest earned is Tk. 760. What is the
principal?
(PKB : EO – 2019)
a. Tk. 4,000 b. Tk. 4,600 c. Tk. 3,200 d. Tk. 3,600 e. None of these

31. P charges at 7% per annum simple interest to Q and R and lends a certain sum to R and Tk. 2,500 to Q.
After 4 years, P completely receives Tk. 1,120 as interest from Q and R. Find the sum lent to R?

(Sonali Bank : SO – 2019)

a. Tk. 1500 b. Tk. 3100 c. Tk. 6400 d. Tk. 900 e. None of these

32. A man deposits Tk. 600 in a Bank at 10% interest rate compounded annually. At the end of the second
year, what will be the total amount including interest?

(Bangladesh Bank : Officer Cash – 2001)

a. 626 b. 660 c. 670 d. 720 e. 726

33. The compound interest on Tk. 2,800 for 18 months at 10% per annum is-

(BD House Building : FC – 2017)

a. Tk. 441.35 b. Tk. 434 c. Tk. 436.75 d. Tk. 420 e. None of these

34. How much interest will Tk. 1,000 earn in one year at an annual interest rate of 20% if interest rate
compounded every 6 months?

(Bangladesh Bank – AD : 2010 ; PKB – EO : 2018)

a. 200 b. 205 c. 208 d. 210 e. 213

Page 4 of 9
35. What will be the compound interest on a sum of Tk. 25,000 after 3 years at the rate of 12% p.a.?

(Janata Bank : AEO - 2015)

a. Tk. 9,000.30 b. Tk. 9,720 c. Tk. 10483.30 d. Tk. 10,123.20

36. The compound interest on Tk. 10,000 for 4 years at 5% per annum will be approximately -

(Bangladesh Bank : AD - 2006)

a. Tk. 2,000 b. Tk. 2,025 c. Tk. 2,050 d. Tk. 2,155 e. None of these

37. Albert invested an amount of Tk. 8,000 in a fixed deposit scheme for 2 years at compound interest rate
5% per annum. How much amount will Albert get on maturity of the fixed deposit?

(DBBL : Off - 2012)

a. Tk. 8,600 b. Tk. 8,620 c. Tk. 8,820 d. Tk. 9,000 e. None of these

38. Compound interest on a certain sum for 2 years at 10% per annum is Tk. 420.what would be the simple
interest at the same rate and for the same time?

(Sonali Bank : Cash - 2018)

a. Tk. 100 b. Tk. 200 c. Tk. 300 d. Tk. 400 e. None of these

39. How much interest will Tk. 1,000 earn in one year at an annual rate of 8%, if the interest is compound
every 6 months?

(Bangladesh Bank : AD - 2001)

a. Tk. 80 b. Tk. 88 c. Tk. 81.6 d. Tk. 816 e. None of these

40. The compound interest on a certain sum for 2 years at 10% per annum is Tk. 525. The simple interest
on the same sum for the double time at half the rate of interest per annum is :-

(PKB : Cash - 2014)

a. Tk. 400 b. Tk. 500 c. Tk. 600 d. Tk. 800 e. None of these

41. If the compound interest on a sum for 2 years at 12.5% per annum is Tk. 510, the simple interest on
same sum, same rate, for the same period of time is?

(Bangladesh Bank : AD - 2014)

a. Tk. 400 b. Tk. 450 c. Tk. 460 d. Tk. 480 e. None of these

Page 5 of 9
42. The simple interest received on a sum of money at the end of 10 years is two times of the principal. At
the same rate of interest, what would the ratio of principal and compound interest received at the end of
two years?

(Combined 4 Bank - 2019)

a. 25 : 11 b. 20 : 9 c. 20 : 11 d. None of these

43. Compound interest on a certain sum at the rate of 12% per annum after 2 years is Tk. 1,42,464. Find
the simple interest on that sum at the rate of 15% per annum for 7 years.

(Sonali Bank : Officer FF - 2019)

a. Tk. 5,68,000 b. Tk. 5,86,000 c. Tk. 5,88,000 d. Tk. 5,66,000 e. None of these

44. The difference between the compound interest and simple interest on a certain amount of money at 5%
per annum for 2 years is Tk. 15. Find the principal amount.

(National Bank - 2015)

a. Tk. 4,500 b. Tk. 7,500 c. Tk. 5,000 d. Tk. 6,000 e. None of these

45. The difference between the compound interest and the simple interest on a certain sum at 5% per annum
for 2 years is TK. 1.50. The sum is –

(Janata Bank – ARE : 2019)

a. Tk. 500 b. Tk. 400 c. Tk. 350 d. Tk. 6,00 e. None of these

46. The difference between simple interest and compound interest on a sum of money at 20% per annum
for 3 years is Tk. 48. What is sum?

(Combined 5 Bank Cash - 2019)

a. Tk. 550 b. Tk. 375 c. Tk. 500 d. Tk. 400 e. None of these

47. The difference in taka between simple and compound interest at 5% annually on a sum of TK.5,000
after 2 years is –

(Bangladesh Bank – officer : 2019 ; Rupali Bank – officer – 2019)

a. 12.5 b. 25 c. 50 d. 500

Page 6 of 9
48. What will be the difference in take between simple and compound interest at 10% on a sum of Tk. 1,000
after 4 years?

(Bangladesh Bank : AD – 2018 ; BKB – CO – 2017 : Agrani Bank – SO – 2017)

a. 31.90 b. 32.10 c. 44.90 d. 64.10 e. None of these

49. If the compound interest of a certain sum of money for two successive years be Tk. 225 and Tk. 238.50.
What is the rate of interest per annum?

(PKB : EO - 2019)

a. 5% b. 7% c. 10% d. 6% e. 12.5%

50. The sum of money invested at compound interest amounts to Tk. 4,624 in 2 years and to Tk. 4,913 in 3
years. The sum of money is?

(Pubali Bank : SO - 2017)

a. Tk. 4,096 b. Tk. 4,260 c. Tk. 4,335 d. Tk. 4,360 e. None of these

51. At What rate of compound interest per annum will a sum of Tk. 1,200 become Tk.1348.32 in 2 years?

(Rupali Bank : JO - 2017)

a. 6% b. 7% c. 6.5% d. 7.5% e. None of these

52. A sum of money is borrowed and paid back in two annual installments of Tk. 882 each allowing 5%
compound interest. The sum borrowed was –

(Janata Bank : EO - 2017)

a. Tk. 1,620 b. Tk. 1,640 c. Tk. 1,680 d. Tk. 1,700

53. At a simple interest rate of 10% per year, how many years will it take for a principal of Tk. 500 to earn
an interest amount of Tk. 100?

(Uttara Bank : Ass off - 2011)

a. 3 b. 2 c. 2.5 d. Cannot be determined

54. Annie invested a certain sum of money in a bank that paid simple interest. The amount grew to Tk. 240
at the end of 2 years. She waited for another 3 years and got a final amount of Tk. 300. What was the
principal amount she invested at the beginning?

(Mutual Trust Bank : MTO - 2014 ; UCBL : PO - 2017)

a. Tk. 200 b. Tk. 150 c. Tk. 210 d. Tk. 175 e. None of these

Page 7 of 9
55. An amount of money becomes Tk. 1,860 at an interest rate of 8% in 3 years. How many years the money
would take to become Tk. 2,040 at the same interest rate?

(Agrani Bank : SO - 2010)

a. 4.5 years b. 5 years c. 6 years d. 7.5 years e. None of these

56. A sum of money lent out at simple interest amounts to Tk. 720 after 2 years and to Tk. 1,020 after a
further period of 5 years. The sum is -

(Janata Bank : EO - 2017)

a. Tk. 600 b. Tk. 500 c. Tk. 700 d. Tk. 710 e. None of these

57. A man deposited Tk. 1,000 in a bank at 10% compounded annually. If the rate increases to 15% in the
second year what will be the amount after second year?

(DBDL : MTO - 2009)

a. Tk. 1,200 b. Tk. 1,250 c. Tk. 1,265 d. Tk. 1,350 e. None of these

58. Laboni bought a 1 year Tk. 10,000 certificate of deposit that paid interest at an annual rate of 8%
compound semiannually, what was the total amount of interest paid on his certificate at maturity?

(Midland Bank - 2015)

a. Tk. 1,464 b. Tk. 864 c. Tk. 816 d. Tk. 800 e. Tk. 480

59. A man is in need of money for 120 days. He asked the banker and the banker charged Tk. 360 at the
rate of 6%. What was the amount asked for?

(MTB - 2017 ; Exim Bank - 2018)

a. Tk. 16,000 b. Tk. 15,000 c. Tk. 18,000 d. None of these

Page 8 of 9