Compound Interest SSC MTS Questions

SSC MTS-Numerical and Mathematical Ability

Compound Interest MCQ Questions


7.
Find the amount of Rs.75,000 for one year at the rate of 16% per annum, if the interest is compounded quarterly. (rounded off to two decimal places)
SSC MTS 2021-05.09.2023-2
A.
₹87,379.40
B.
₹89,773.40
C.
₹87,937.40
D.
₹87,739.40
😑 View Answer Rough Work Error
ANSWER :
D. ₹87,739.40
8.
In how many years will a sum of Rs.18,000 at 20% per annum compounded half yearly becomes Rs.23,958?
SSC MTS 2021-05.09.2023-3
A.
\(1\tfrac{1}{2}\)
B.
\(3\tfrac{1}{2}\)
C.
\(1\tfrac{1}{4}\)
D.
\(2\tfrac{1}{2}\)
😑 View Answer Rough Work Error
ANSWER :
A. \(1\tfrac{1}{2}\)
9.
What is the difference between the compound interest, interest compounded half yearly on ₹72,000 for 1.5 years at 10% per annum and its simple interest for 3 years at 5% per annum?
SSC MTS 2021-06.09.2023-1
A.
₹559
B.
₹549
C.
₹540
D.
₹449
😑 View Answer Rough Work Error
ANSWER :
B. ₹549
10.
At what rate per annum will a sum of ₹6,400 fetch a compound interest (compounded annually) of ₹1,344 in 2 years?
SSC MTS 2021-06.09.2023-2
A.
10%
B.
8%
C.
12%
D.
5%
😑 View Answer Rough Work Error
ANSWER :
A. 10%
11.
What sum of money invested at 8% per annum in \(1\tfrac{1}{2}\) years, compounded half yearly, shall become ₹17,576?
SSC MTS 2021-06.09.2023-3
A.
₹16,500
B.
₹15,000
C.
₹15,525
D.
₹15,625
😑 View Answer Rough Work Error
ANSWER :
D. ₹15,625
12.
A deposited Rs.62,500 at the rate of 8% per annum compounded half yearly, then what is the compound interest at the end of the two years?
SSC MTS 2021-08.09.2023-1
A.
₹18,161.12
B.
₹12,171.72
C.
₹10,821.18
D.
₹10,616.16
😑 View Answer Rough Work Error
ANSWER :
D. ₹10,616.16