# RBI Grade B

RBI Grade B

Simple Interest is a very important topic for bank exams like SBI PO, IBPS PO and Clerk, RRBs, RBI and SEBI. Also the concept is very useful in our day to today life. In bank exams every year 2/3 questions are asked. So if you struggle to have some basic knowledge of this chapter or you feel some concepts have vanished from your mind you can revise it by the following content given below.

**Question : 1****The simple interest on a sum of money is 2/5 of the sum. If the number of years is numerically half the rate per annum, then find the rate percent per annum.****Answer: 8.9%****Question : 2****The simple interest on a sum of money is 3/8 of the sum. If the number of years is numerically half the rate per annum, then find the rate percent per annum.****Answer: 8.7%****Question : 3****The simple interest on a sum of money is 6/25 of the sum. If the number of years is numerically half the rate per annum, then find the rate percent per annum.****Answer: 6.9%****Question : 4****The simple interest on a sum of money is 5/16 of the sum. If the number of years is numerically half the rate per annum, then find the rate percent per annum.****Answer: 7.9%****Question : 5****The simple interest on a sum of money is 7/10 of the sum. If the number of years is numerically half the rate per annum, then find the rate percent per annum.****Answer: 11.8%**