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- Quant - Arithmetic
Simple Interest Level - 2
The Simple Interest Level 2 Assessment is an advanced, 50-question module that pushes beyond basic formula application. Designed for higher-level quantitative aptitude prep, it focuses on complex commercial math scenarios, including debt discharge, varying interest rates, and multi-part investments, testing a candidate's analytical reasoning over a suggested 60-minute duration
Choose Normal practice or a Simulated test.
Questions, answer key and solutions.
- Questions
- 50
- Duration
- 75 min
- Marks
- 50
- Attempts
- 100
- Access
- Free
Negative marking
Normal practice, or a Simulated test
The same questions, either way. Normal practice teaches; the simulated test tells you where you stand.
Normal
UntimedEvery question on one page, loading as you scroll. Choose an option and see straight away whether it was right.
- No timer. Nothing to start and nothing to submit. Stop whenever you like.
- Answered as you choose. Tap an option and it is marked at once, with the correct answer shown.
- Solutions in place. The explanation, and the video where one has been added, sit under the question.
- Open to guests. Normal practice needs no sign-in.
Simulated
Timed CBTThe computer-based test format: one clock, a question palette, and a score the moment you submit.
- A clock that does not pause. 75 minutes from the moment you begin, and the paper is submitted for you when it reaches zero.
- Question palette. Answered, not answered and marked for review, section by section, as the real interface has it.
- Full screen, proctored. The test takes over the screen; leaving it three times submits the paper.
- Answers hidden until you submit. The key, the explanations and your score all arrive together at the end.
About this test
This rigorous module strips away the straightforward "find the rate" problems and replaces them with intricate, multi-step word problems. It represents the highest difficulty of non-compounding interest questions typically found in competitive exams.
Target: Tests the ability to handle multiple variables, shifting timelines, and algebraic setups without relying on compound interest formulas. Candidates should aim to complete these 50 questions in 60–70 minutes.
Core Syllabus & Question Types:
Varying Rates of Interest: Calculating total interest when the rate changes over different periods (e.g., R1% for the first 2 years, R2% for the next 3 years). Core logic: Total SI = P * [ (R1T1) + (R2T2) + ... ] / 100.
Partial Investments: Problems where a total sum is split into two or three parts, invested at different rates, often with the condition that the interest earned from each part is equal, or the final amounts are equal.
Annual Installments (Debt Discharge): One of the most challenging topics in Simple Interest. Calculating the equal annual payment required to clear a total debt over a given time. Formula logic: Debt = (Number of installments * Installment Amount) + Total Interest on those installments.
Difference & Ratios: Finding the principal when only the difference in interest from two different sources or two different time periods is provided.
Test structure
How the paper is split, and how long each part runs. A section you have finished cannot be returned to.
| Section | Questions | Time |
|---|---|---|
| Simple Interest Level 2 | 50 | 75 min |
Marking & rules
- Total marks
- 50 across 50 questions.
- Negative marking
- A wrong answer costs marks. Leaving a question unanswered costs nothing.
- Attempts
- 100 in total. An attempt is spent the moment you begin one.
What you get when you submit
The analysis is ready the moment you submit the paper.
Score and accuracy
Marks, percentage, right, wrong and skipped, and the time you took.
Section by section
The same figures for each section, so a weak one cannot hide in an average.
The full answer key
Every question with your answer, the right one, the working, and the video where there is one.
Where you stand
Your score against the spread of everyone else who has sat this test.