Compound Interest SSC MTS Questions

SSC MTS-Numerical and Mathematical Ability

Compound Interest MCQ Questions


13.
Find the amount if Rs.10,200 is invested at the rate of 8% per annum compound interest for \(1\tfrac{1}{2}\) yers when interest is compounded half yearly (upto two decimal places)
SSC MTS 2021-08.09.2023-2
A.
₹11,743.61
B.
₹11,473.61
C.
₹11,764.28
D.
₹11,347.28
😑 View Answer Rough Work Error
ANSWER :
B. ₹11,473.61
14.
The income of a company increases 25% per annum. If its income is Rs. 26,64,000 in the year 1999. what was its income in the year 1997?
SSC MTS 2021-08.09.2023-2
A.
₹16,50,000
B.
₹17,04,960
C.
₹15,50,000
D.
₹17,50,000
😑 View Answer Rough Work Error
ANSWER :
B. ₹17,04,960
15.
What will be the compounded interest on Rs.30,000 at 10% per annum for \(1\tfrac{1}{2}\) years. When interest is compounded half yearly?
SSC MTS 2021-08.09.2023-3
A.
₹4,728.75
B.
₹4,800.75
C.
₹5,728.75
D.
₹4,928.75
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ANSWER :
A. ₹4,728.75
16.
What is the compound interest on ₹24,000 for 2 years at the rate of 10% per annum, if interest is compounded annually?
SSC MTS 2022-05.07.2022-1
A.
₹5,280
B.
₹4,820
C.
₹6,080
D.
₹5,040
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ANSWER :
D. ₹5,040
17.
For a sum of ₹5,000, what is the difference between the compound interest and simple interest for 2 years if the rate of interest is 5% per annum, and in the case of compound interest, the interest is compounded annually?
SSC MTS 2022-05.07.2022-2
A.
₹10.5
B.
₹12.5
C.
₹25
D.
₹7.5
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ANSWER :
B. ₹12.5
18.
sum of money becomes two times of itself in 8 years at simple interest, and it becomes four times of itself in 2 years at compound interest, when interest is compounded annually. Find the ratio of the rate of simple interest to the rate of compound interest offered per year.
SSC MTS 2022-05.07.2022-3
A.
2:3
B.
3:5
C.
5:3
D.
1:8
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ANSWER :
D. 1:8