The Written Examination of the upcoming SBI Associate Bank Clerk Exam to be conducted on 7 October & 14 October 2012 will consist of one objective type paper based on five parts namely:**a)General Awarenessb)General Englishc)Quantitative Aptituded)Reasoning Abilitye)Marketing Aptitude/ Computer Knowledge**

Quantitative Segment Questions are framed to test how capable are the aspirants in appropriately using numbers.The scope of the test will be computation of whole numbers, decimals, fractions & relationships between numbers;percentage & ratio, time & distance; profit, loss & discount; Simple Interest & Compound Interest; Ratio & Proportion etc.

Shweta Shrivastava, an expert at jagranjosh has prepared some important sample Questions on the concept of

**"Simple Interest"**from the Quantitative Aptitude segment.

Simple interest is the most basic type of interest.It is the amount of money paid on a loan.If a person X borrows some money from another person Y for a certain period, then after that specified period, X (borrower) has to return the borrowed money with some additional money.This additional money that X (borrower) has to pay is called

**Interest**. The actual borrowed money is called

**Principal or Sum**. The Principle and interest together is called

**amount**, and the time for which X the borrower has been used the borrowed money is called the

**time**. The interest that X has to pay for every 100 rupees each year is called

**rate percent per annum**.If the interest on a sum borrowed for a certain period is reckoned uniformly, then it is called

**Simple Interest**and it is denoted by S.I.

**FORMULAE**:

Let Principle = P, Rate =R% per annum, and Time = T years. Then

S.I. = ((P ×R ×T)/100)**Find here **the Sample Questions on "Simple Interest"