Simple and Compound Interest SSC CHSL Questions

SSC CHSL-Quantitative Aptitude

Simple and Compound Interest MCQ Questions


13.
A sum of ₹x amounts to ₹9,246 in 4 years and to ₹11,298.75 in 7 and a half years, at y% p.a. simple interest. The values of x and y are, respectively:
SSC CHSL 2021-19.04.2021-1
A.
6900 and 8.5
B.
6800 and 8.5
C.
6500 and 8
D.
7200 and 7.5
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ANSWER :
A. 6900 and 8.5
14.
A sum of ₹x amounts to ₹8,563.50 in 3 and a half years and to ₹10,527 in 7 years at y% p.a. simple interest. The value of x and y, respectively, are:
SSC CHSL 2021-19.04.2021-2
A.
6600 and 8
B.
6800 and \(8\frac{1}{2}\)
C.
6600 and \(8\frac{1}{2}\)
D.
7000 and 8
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ANSWER :
C. 6600 and \(8\frac{1}{2}\)
15.
In how many years, the compound interest, if compounded annually on a sum of ₹60,000 at rate of 8% per annum is ₹9,984?
SSC CHSL 2021-19.04.2021-3
A.
3
B.
1
C.
4
D.
2
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ANSWER :
D. 2
16.
A man invests ₹7,000 at 8% per annum simple interest for 2 years and ₹10,000 at compound interest at the same rate for the same period, compounded annually. What will be the total interest and the total amount (in ₹) respectively, on maturity?
SSC CHSL 2021-04.08.2021-1
A.
19,748 and 2,874
B.
2,748 and 19,784
C.
19,784 and 2,784
D.
2,784 and 19,784
😑 View Answer Rough Work Error
ANSWER :
D. 2,784 and 19,784
17.
Varun and Madhur invested ₹25,000 each in different schemes. Varun earned simple interest at 11% per annum, whereas Madhur earned compound interest at 10% per annum compounded annually. Who received more interest after 2 years and how much?
SSC CHSL 2021-04.08.2021-2
A.
Madhur, ₹302.50
B.
Madhur, ₹250
C.
Varun, ₹500
D.
Varun, ₹250
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ANSWER :
D. Varun, ₹250
18.
If the difference between the compound interest compounded annually and the simple interest on a certain sum of money for three years at 10% per annum is ₹279, then the sum (in ₹) is:
SSC CHSL 2021-04.08.2021-3
A.
10000
B.
8000
C.
7500
D.
9000
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ANSWER :
D. 9000