Simple and Compound Interest SSC CHSL Questions

SSC CHSL-Quantitative Aptitude

Simple and Compound Interest MCQ Questions


7.
A man invested a total of ₹12,050 in two parts, one at 10% p.a. simple interest for 2 years and the other at the same rate at compound interest, interest being compounded annually, for the same time. The amounts he received from both the parts are equal. The sum (in ₹) invested at the compound interest is:
SSC CHSL 2021-15.04.2021-1
A.
5780
B.
5850
C.
6000
D.
5800
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ANSWER :
C. 6000
8.
If the simple interest for 9 years be equal to 45% of the principal, then the rate of interest per annum is equal to:
SSC CHSL 2021-15.04.2021-2
A.
5%
B.
8%
C.
9%
D.
6%
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ANSWER :
A. 5%
9.
A sum of ₹4,000 amounts to ₹5,008 in three years at simple interest at the rate of x% per annum. If the interest rate becomes (x + 2.6)%, then the revised maturity amount will be:
SSC CHSL 2021-15.04.2021-3
A.
₹5,320
B.
₹5,420
C.
₹5,330
D.
₹5,200
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ANSWER :
A. ₹5,320
10.
In how many years, will ₹5,450 amount to ₹8,175, if invested at simple interest at the rate of 12.5% per annum?
SSC CHSL 2021-16.04.2021-1
A.
6
B.
5
C.
4
D.
3
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ANSWER :
C. 4
11.
A mobile phone is available for ₹79,860 by cash payment or by paying cash of ₹60,000 as down payment and the remaining amount in three equal annual instalments. If the shopkeeper charges interest at the rate of 10% per annum compounded annually, then the amount of each instalment (in ₹) will be:
SSC CHSL 2021-16.04.2021-2
A.
7986
B.
6789
C.
6689
D.
6000
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ANSWER :
A. 7986
12.
The simple interest on a certain sum for 3\( \frac{1}{2} \) years at the rate of 10% per annum is ₹2,940. What will be the compound interest (in ₹) on the same sum for 1\( \frac{1}{2} \) years at the same rate when interest is compounded half-yearly (nearest to a rupee)?
SSC CHSL 2021-16.04.2021-3
A.
1324
B.
1470
C.
1564
D.
1125
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ANSWER :
A. 1324