Compound Interest SSC MTS Questions

Compound Interest

Compound Interest MCQ Questions

1.

Geeta deposited a certain sum of money in her bank account which amounted to ₹27,783 in 3 years at 5% per annum, the interest being compounded annually. What amount did she deposit?
SSC MTS 2023-01.09.2023-1

A.

25,500

B.

25,000

C.

26,000

D.

24,000

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 2023-01.09.2023-2

A.

\(12\tfrac{3}{8}\%\)

B.

\(12\tfrac{4}{8}\%\)

C.

\(12\tfrac{6}{8}\%\)

D.

\(12\tfrac{5}{8}\%\)

ANSWER :

B. \(12\tfrac{4}{8}\%\)

3.
At what rate of interest per annum, compounded annually, will an amount of ₹8000 yield a compound interest of ₹904.2 in 2 years?
SSC MTS 2023-04.09.2023-1
A.
6%
B.
8%
C.
10%
D.
5.5%
ANSWER :
D. 5.5%
4.

Find the compound interest (compounded annually) on ₹2,000 for \(2\tfrac{1}{2}\) years at 10% per annum?
SSC MTS 2023-04.09.2023-2

A.

₹561

B.

₹500

C.

₹521

D.

₹541

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 2023-04.09.2023-3

A.

5%

B.

10%

C.

8%

D.

12%

ANSWER :

B. 10%

6.

₹1,250 at 12% per annum compounded annually will amount to ₹1,568 in:
SSC MTS 2023-05.09.2023-1

A.

4 years

B.

1 year

C.

2 years

D.

3 years

ANSWER :

C. 2 years