NMAT SI & CI MCQs with Solutions: Practice NMAT Previous Year Questions (PYQs)

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Chanpreet Kaur

Content Writer | MBA Professional | Updated on - Nov 28, 2025

SI & CI is an important topic in the Quantitative Aptitude section in NMAT exam. Practising this topic will increase your score overall and make your conceptual grip on NMAT exam stronger.

This article gives you a full set of NMAT SI & CI MCQs with explanations and NMAT previous year questions (PYQs) for effective practice. Practice of Quantitative Aptitude MCQs including SI & CI questions regularly will improve accuracy, speed, and confidence in the NMAT 2025 exam.

NMAT SI & CI MCQs with Solutions

1.
Arun borrowed a sum of money from Jayant at the rate of 8\(\%\) per annum simple interest for the first four years, 10\(\%\) per annum for the next 6 years and 12\(\%\) per annum for the period beyond 10 yerras. If he pays a total of Rs. 12,160 as interest only at the end of 15 years, how much money did he borrow?
- Rs. 12,000
- Rs. 10,000
- Rs. 8,000
- Rs. 9,000
View Solution
2.
A man borrows Rs. 4,000 at 20\(\%\) compound rate of interest. At the end of each year he pays back Rs. 1,500. How much amount should he pay at the end of the third year to clear all his dues?
- Rs. 2,952
- Rs. 2,852
- Rs. 2,592
- Rs. 2,953
View Solution
3.
The compound interest accrued on an amount of Rs, 18000 at the end of three years is Rs 5,958. What would be the simple interest accrued on the same amount at the same rate in the same period?
- Rs 5,100
- Rs 5,400
- Rs 5,700
- Rs 4,800
- None of these
View Solution
4.
One can purchase a flat from a house building society for Rs. 55,000 cash or on the terms that he should pay Rs. 4,275 as cash down payment and the rest in three equal yearly instalments. The society charges interest at the rate of 16\(\%\) per annum compounded half yearly. If the flat is purchased under instalment plan, find the value of each instalment
- Rs. 39,683
- Rs. 19,683
- Rs. 29,683
- Rs. 9,683
View Solution
5.
A sum of Rs. 1,440 is lent out in three parts in such a way that the interests on first part at 2\(\%\) for 3 years, second part at 3\(\%\) for 4 years and third part at 4\(\%\) for 5 years are equal. Then the difference between the largest and the smallest sum is
- Rs. 400
- Rs. 560
- Rs. 460
- Rs. 200
View Solution
6.
A sum of Rs. 18,750 is left by will by a father to be divided between two sons, 12 and 14 years of age, so that when they attain maturity at 18, the amount (principal + interest) received by each at 5 per cent simple interest will be the same. Find the sum allotted at present to each son.
- Rs. 9,500, Rs. 9,250
- Rs. 8,000, Rs. 1,750
- Rs. 9,000, Rs. 9,750
- None of these
View Solution

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NMAT SI & CI MCQs with Solutions

2.A man borrows Rs. 4,000 at 20\(\%\) compound rate of interest. At the end of each year he pays back Rs. 1,500. How much amount should he pay at the end of the third year to clear all his dues?

3.The compound interest accrued on an amount of Rs, 18000 at the end of three years is Rs 5,958. What would be the simple interest accrued on the same amount at the same rate in the same period?

5.A sum of Rs. 1,440 is lent out in three parts in such a way that the interests on first part at 2\(\%\) for 3 years, second part at 3\(\%\) for 4 years and third part at 4\(\%\) for 5 years are equal. Then the difference between the largest and the smallest sum is

6.A sum of Rs. 18,750 is left by will by a father to be divided between two sons, 12 and 14 years of age, so that when they attain maturity at 18, the amount (principal + interest) received by each at 5 per cent simple interest will be the same. Find the sum allotted at present to each son.

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2.
A man borrows Rs. 4,000 at 20\(\%\) compound rate of interest. At the end of each year he pays back Rs. 1,500. How much amount should he pay at the end of the third year to clear all his dues?

3.
The compound interest accrued on an amount of Rs, 18000 at the end of three years is Rs 5,958. What would be the simple interest accrued on the same amount at the same rate in the same period?

5.
A sum of Rs. 1,440 is lent out in three parts in such a way that the interests on first part at 2\(\%\) for 3 years, second part at 3\(\%\) for 4 years and third part at 4\(\%\) for 5 years are equal. Then the difference between the largest and the smallest sum is

6.
A sum of Rs. 18,750 is left by will by a father to be divided between two sons, 12 and 14 years of age, so that when they attain maturity at 18, the amount (principal + interest) received by each at 5 per cent simple interest will be the same. Find the sum allotted at present to each son.