Simple Interest and Compound Interest SSC CGL Questions

Simple Interest and Compound Interest MCQ Questions

13.
The compound interest on a certain sum of money at 21% p.a. for 2 years is ₹11,138.40 (interest compounded yearly). The total amount received (in ₹) after 2 years is:
SSC CGL 2021-19.04.2022-2
A.
31,538.40
B.
24,000.50
C.
35,138.40
D.
28,315.40
ANSWER :
C. 35,138.40
14.
What is the compound interest (in ₹) at the rate of 10%, compounded annually, for 3 years on the principal which in 8 years at the rate of 12% per annum gives ₹4,800 as simple interest?
SSC CGL 2021-19.04.2022-3
A.
1,455
B.
1,655
C.
2,045
D.
1,505
ANSWER :
B. 1,655
15.
The difference between compound interest compounded annually and simple interest on a certain sum at a rate of 15% per annum for 2 years is ₹1,944. Find the compound interest compounded annually (in ₹) on the same sum for the same period at a rate of 10% per annum.
SSC CGL 2021-20.04.2022-1
A.
27,216
B.
18,060
C.
18,44
D.
20,500
ANSWER :
C. 18,44
16.
The simple interest on a sum of money at 10% per annum for 4 years is ₹3,200. What will be the amount (in ₹) of the same sum for the same period at the same rate of interest when the interest is compounded annually?
SSC CGL 2021-20.04.2022-2
A.
11,217.80
B.
11,172.80
C.
11,127.80
D.
11,712.80
ANSWER :
D. 11,712.80
17.
Divide ₹66,300 between A and B in such a way that the amount that A receives after 8 years is equal to the amount B receives after 10 years, with compound interest being compounded annually at a rate of 10% per annum
SSC CGL 2021-20.04.2022-3
A.
A = ₹35,520, B = ₹30,810
B.
A = ₹35,200, B = ₹31,100
C.
A = ₹37,000, B = ₹29,300
D.
A = ₹36,300, B = ₹30,000
ANSWER :
D. A = ₹36,300, B = ₹30,000
18.
Amit lent a sum of ₹5,000 on simple interest for 10 years in such a way that the rate of interest is 6% per annum for the first 2 years, 8% per annum for the next 2 years and 10% per annum beyond 4 years. How much interest (in ₹) will he earn at the end of 10 years?
SSC CGL 2021-21.04.2022-1
A.
5,000
B.
4,400
C.
4,200
D.
3,500
ANSWER :
B. 4,400