Simple Interest and Compound Interest SSC CGL Questions

SSC CGL-Quantitative Aptitude

Simple Interest and Compound Interest MCQ Questions


1.
A certain sum is deposited for 4 years at a rate of 10% per annum on compound interest compounded annually. The difference between the interest at the end of 2 years and that at the end of 4 years is ₹5,082. Find the sum (in ₹)
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A.
20,000
B.
25,500
C.
50,820
D.
10,164
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ANSWER :
A. 20,000
2.
A sum invested at compound interest amounts to Rs. 7,800 in 3 years and Rs. 11,232 in 5 years. What is the rate per cent?
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A.
20%
B.
26%
C.
18%
D.
15%
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ANSWER :
A. 20%
3.
A sum of money was borrowed and paid back in two equal annual instalments of Rs.980, allowing 4% compound interest. The sum (in ₹, to the nearest tens) borrowed was:
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A.
1,850
B.
1,960
C.
1,760
D.
2,050
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ANSWER :
A. 1,850
4.
On simple interest, a certain sum becomes Rs.59,200 in 6 years and Rs.72,000 in 10 years. If the rate of interest had been 2% more, then in how many years would the sum have become Rs.76,000 ?
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A.
10
B.
9
C.
8
D.
7
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ANSWER :
B. 9
5.
The simple interest on a certain sum is one-eighth of the sum when the number of years is equal to half of the rate percentage per annum. Find the simple interest (in ₹) on ₹15,000 at the same rate of simple interest for 8 years.
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A.
5,800
B.
5,000
C.
6,000
D.
5,250
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ANSWER :
C. 6,000
6.
A certain sum on simple interest becomes ₹49,600 in 3 years and ₹56,000 in 5 years. If the rate of interest had been 2% more, then in how many years would the sum have doubled?
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A.
10
B.
8
C.
12
D.
20
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ANSWER :
A. 10