Simple and Compound Interest SSC CHSL Questions

SSC CHSL-Quantitative Aptitude

Simple and Compound Interest MCQ Questions


1.
Anamika paid ₹4,965 as compound interest on a loan of ₹15,000 after 3 years when compounded annually. Suman took a loan of ₹10,000 at the same rate on simple interest. How much interest did Suman pay after 3 years?
SSC CHSL 2021-12.04.2021-1
A.
₹4,500
B.
₹4,000
C.
₹3,000
D.
₹3,500
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ANSWER :
C. ₹3,000
2.
The compound interest (in ₹., to the nearest integer) on ₹.8,950 for 2 years at the rate of 9% per annum, compounded annually, is:
SSC CHSL 2021-12.04.2021-2
A.
1523
B.
1683
C.
1685
D.
1468
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ANSWER :
B. 1683
3.
The simple interest on a certain sum for 3 years at 12% p.a. is ₹6,750. What is the compound interest(in ₹) on the same sum for 2 years at 20% p.a., if interest is compounded half-yearly? (rounded off to the nearest ₹)
SSC CHSL 2021-12.04.2021-3
A.
8000
B.
8702
C.
6750
D.
7729
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ANSWER :
B. 8702
4.
What is the simple interest on a sum of ₹99,000 at \(12\left(\dfrac{1}{2}\right)\%\) per annum for a period of 9 months?
SSC CHSL 2021-13.04.2021-1
A.
₹8,281.25
B.
₹9,282.25
C.
₹7,281.25
D.
₹9,281.25
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ANSWER :
D. ₹9,281.25
5.
A sum of ₹2,432 amounts to ₹2,681.28 in 2 years at a certain rate per cent per annum, interest compounded yearly. What will be the simple interest (in ₹) on the same sum for \(4\dfrac{3}{8}\)years at double the same rate?
SSC CHSL 2021-13.04.2021-2
A.
1276.8
B.
1094.4
C.
1064
D.
1368
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ANSWER :
C. 1064
6.
A sum of money amounts to ₹28,224 in 2 years and to ₹29,635.20 in 3 years when invested on compound interest, compounded annually. What is the sum of money?
SSC CHSL 2021-13.04.2021-3
A.
₹26,880
B.
₹26,095
C.
₹26,000
D.
₹25,600
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ANSWER :
D. ₹25,600