Simple Interest and Compound Interest SSC CGL Questions

SSC CGL-Quantitative Aptitude

Simple Interest and Compound Interest MCQ Questions


7.
Simple interest on a certain sum is one-fourth of the sum and the interest rate percentage per annum is 4 times the number of years. If the rate of interest increases by 2%, then what will be the simple interest (in ₹) on ₹5,000 for 3 years?
SSC CGL 2021-13.04.2022-1
A.
300
B.
1,500
C.
2,000
D.
1,800
😑 View Answer Rough Work Error
ANSWER :
D. 1,800
8.
A sum of 4,620 is to be paid back in 2 equal annual instalments. How much is each instalment (in ₹) if the interest is compounded annually at 10% per annum?
SSC CGL 2021-13.04.2022-2
A.
2,420
B.
2,552
C.
2,662
D.
2,750
😑 View Answer Rough Work Error
ANSWER :
C. 2,662
9.
If Seema invests ₹17,690 in an account that yields 8.5% p.a. simple interest, then how much (to nearest ₹) will she have after 5 years?
SSC CGL 2021-13.04.2022-3
A.
25,151
B.
21,155
C.
21,551
D.
25,115
😑 View Answer Rough Work Error
ANSWER :
A. 25,151
10.
Joseph deposited a total of Rs.52,500 in a bank in the names of his two daughters aged 15 years aod 16 years in such a way that they would get equal amounts when they become 18 years old. If the bank gives 10% compound interest compounded annually, then what is the amount (in ₹) that Joseph had deposited in the name of his younger daughter?
SSC CGL 2021-18.04.2022-2
A.
25,500
B.
24,500
C.
25,000
D.
26,000
😑 View Answer Rough Work Error
ANSWER :
C. 25,000
11.
A sum of ₹17,200 is lent out at simple interest in two parts for 2 years at 8% p.a. and 10% p.a., respectively. If the total interest received after 2 years is ₹3,008, then the money lent (in ₹) at the rate of 8% p.a. is:
SSC CGL 2021-18.04.2022-3
A.
6,400
B.
9,200
C.
9,800
D.
10,800
😑 View Answer Rough Work Error
ANSWER :
D. 10,800
12.
A sum of ₹18,000 becomes ₹21,780 after 2 years on compound interest compounded annually. What will be the compound interest (in ₹) on the same sum for the same period if the rate of interest increases by 5%?
SSC CGL 2021-19.04.2022-1
A.
1,845
B.
4,670
C.
5,805
D.
5,500
😑 View Answer Rough Work Error
ANSWER :
C. 5,805