Compound Interest SSC MTS Questions

SSC MTS-Numerical and Mathematical Ability

Compound Interest MCQ Questions


1.
Geeta deposited a certain sum of money in her bank account which amounted to Rs.27,783 in 3 years at 5% per annum, the interest being compounded annually. What amount did she deposit?
SSC MTS 2021-01.09.2023-1
A.
25,500
B.
25,000
C.
26,000
D.
24,000
😑 View Answer Rough Work Error
ANSWER :
D. 24,000
2.
A sum of money becomes ₹6,400 in 3 years and ₹8,100 in 5 years on compound interest compounded annually. Find the rate of interest per annum.
SSC MTS 2021-01.09.2023-2
A.
\(12\tfrac{3}{8}\%\)
B.
\(12\tfrac{4}{8}\%\)
C.
\(12\tfrac{6}{8}\%\)
D.
\(12\tfrac{5}{8}\%\)
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ANSWER :
B. \(12\tfrac{4}{8}\%\)
3.
At what rate of interest per annum, compounding annually, will an amount of Rs.8000 yield a compound interest of Rs.904.2 in 2 years?
SSC MTS 2021-04.09.2023-1
A.
6%
B.
8%
C.
10%
D.
5.5%
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ANSWER :
D. 5.5%
4.
Find the compound interest (compunded annually) at Rs.2,000 for \(2\tfrac{1}{2}\) years at 10% per annum?
SSC MTS 2021-04.09.2023-2
A.
₹561
B.
₹500
C.
₹521
D.
₹541
😑 View Answer Rough Work Error
ANSWER :
D. ₹541
5.
The difference between the compound interest (compounded annually) and simple interest for an amount of ₹85,000 in 2 years is ₹850. Find the rate of interest per annum.
SSC MTS 2021-04.09.2023-3
A.
5%
B.
10%
C.
8%
D.
12%
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ANSWER :
B. 10%
6.
Rs.1250 at 12% per annum compounded annually will amount to Rs.1,568 in ?
SSC MTS 2021-05.09.2023-1
A.
4 years
B.
1year
C.
2years
D.
3years
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ANSWER :
C. 2years