Compound Interest SSC GD Questions

SSC GD-Elementary Mathematics

Compound Interest MCQ Questions


1.
Find CI on ₹8,000 at 15% for 2 years 4 months compounded annually.
SSC GD 2021-30.11.2021-1
A.
₹12,008
B.
₹1,264
C.
₹11,109
D.
₹3,109
😑 View Answer Rough Work Error
ANSWER :
D. ₹3,109
2.
A sum of money becomes ₹12,600 after 6 years and ₹21,000 after 9 years on compound interest. The sum invested is:
SSC GD 2021-30.11.2021-1
A.
₹45,000
B.
₹4,600
C.
₹4,536
D.
₹4,436
😑 View Answer Rough Work Error
ANSWER :
C. ₹4,536
3.
The compound interest on a certain sum for 2 years at 10% per annum is ₹651 (interest compounded yearly). The simple interest on the same sum for double the time at half the rate of interest per annum is:
SSC GD 2021-30.11.2021-2
A.
₹600
B.
₹630
C.
₹520
D.
₹620
😑 View Answer Rough Work Error
ANSWER :
D. ₹620
4.
A man borrows ₹15,000 at 15% p.a. compound interest. At the end of every year, he pays ₹2,500 as part repayment. How much does he still owe after three such instalments?
SSC GD 2021-30.11.2021-2
A.
₹14,131.87
B.
₹13,175.66
C.
₹12,150
D.
₹12,642.50
😑 View Answer Rough Work Error
ANSWER :
A. ₹14,131.87
5.
In what time will ₹8,000 become ₹9,261 at 5% per annum, compounded annually?
SSC GD 2021-02.12.2021-1
A.
3 years
B.
5 years
C.
2 years
D.
4 years
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ANSWER :
A. 3 years
6.
A sum amounts to ₹37044 in 3 years at 5% p.a., interest being compounded yearly. If the same sum amounts to ₹ in 16 months at 12% p.a., when the interest is compounded 8-monrhly, then the value of is:
SSC GD 2021-02.12.2021-1
A.
38724.30
B.
32374.80
C.
37324.80
D.
33247.80
😑 View Answer Rough Work Error
ANSWER :
C. 37324.80