Compound Interest-Previous Year Questions-Quant-SSC CGL

1. If the compound interest on a certain sum for 2 years at 4% p.a. is Rs. 102, the simple interest at the same rate of interest for two years would be:
(a) Rs. 200
(b) Rs. 50
(c) Rs. 150
(d) Rs. 100

2. On what sum does the difference between the compound interest and the simple interest for 3 years at 10% is Rs. 31?
(a) Rs. 1500
(b) Rs. 1200
(c) Rs. 1100
(d) Rs. 1000

3. If the amount is 2.25 times of the sum after 2 years at compound interest (compound annually), the rate of interest per annum is:
(a) 25%
(b) 30%
(c) 45%
(d) 50%

4.At what percent per annum will Rs. 3000 amounts to Rs. 3993 in 3 years if the interest is compounded annually?
(a) 9%
(b) 10%
(c) 11%
(d) 13%

5. The compound interest on Rs. 10000 in 2 years at 4% per annum, the interest being compounded half-yearly, is:
(a)Rs. 636.80
(b)Rs. 824.32
(c)Rs. 912.86
(d)Rs. 825.82

6. In how many years will Rs. 2,000 amounts to Rs. 2,420 at 10% per annum amount interest?
(a) 3 years
(b) 2\frac{1}{2} years
(c) 2 years
(d) 1\frac{1}{2}  years

7. If the difference between the compound interest, compounded every six months, and the simple interest on a certain sum of money at the rate of 12% per annum for one year is Rs. 36, the sum is:
(a) Rs. 10,000
(b) Rs. 12,000
(c) Rs. 15,000
(d) Rs. 9,000

8. What is the difference between the compound interests on Rs. 5000 for 112 years at 4% per annum compounded yearly and half-yearly?

(a) Rs. 2.04
(b) Rs. 3.06
(c) Rs. 8.30
(d) Rs. 4.80

9. A builder borrows Rs. 2550 to be paid back with compound interest at the rate of 4% per annum by the end of 2 years in two equal yearly installments. How much will each installment be?
(a) Rs. 1352
(b) Rs. 1377
(c) Rs. 1275
(d) Rs. 1283

10. The difference between the simple and compound interest on a certain sum of money at 5% rate of interest per annum for 2 years is Rs. 15. Then the sum is:
(a) Rs. 6,500
(b) Rs. 5,500
(c) Rs. 6,000
(d) Rs. 7,000

11. If the difference between the compound interest and simple interest on a sum of 5% rate of interest per annum for three years is Rs. 36.60, then the sum is:
(a) Rs. 8000
(b) Rs. 8400
(c) Rs. 4400
(d) Rs. 4800

12. A sum of money doubles itself in 4 years compound interest. It will amount to  8 times itself at the same rate of interest in:

(a) 18 years
(b) 12 years
(c) 16 years
(d) 24 years

13. A sum borrowed under compound interest doubles itself in 10 years. When will it become fourfold of itself at the same rate of interest?
(a) 15 years
(b) 20 years
(c) 24 years
(d) 40 years

14. A sum of money invested at compound interest amounts in 3 years to Rs. 2,400 and in 4 years to Rs. 2,520. The difference rate per annum is:
(a) 5%
(b) 6%
(c) 10%
(d) 12%

15. A sum becomes Rs. 4500 after two years and Rs. 6750 after four years at same compound interest. The sum is:
(a) Rs. 4000
(b) Rs. 2500
(c) Rs. 3000
(d) Rs. 3050

16. A sum becomes Rs. 1352 in 2 years at 4% per annum compound interest. The sum is :

(a) Rs. 1,225
(b) Rs. 1,270
(c) Rs. 1,245
(d) Rs. 1,250

17. In what time will 1000 Rs. amounts to 1331 Rs. at 20% per annum, compounded half yearly? (a) 1\frac{1}{2} years
(b) 2 years
(c) 1 years
(d) 2\frac{1}{2} years

18. If the compound interest on a sum of money for 3 years at the rate of 5% per annum is Rs. 252.20, the simple interest on the same sum at the same rate and for same time is :

(a) Rs. 220
(b) Rs. 240
(c) Rs. 245
(d) Rs. 250

19. On a certain sum of money the compound interest for 2 years is Rs. 282.15 and the simple interest for the same period of time is Rs. 270. The rate of interest per annum is:

(a) 6.07%
(b) 10%
(c) 9%
(d) 12.15%

20. The difference between compound interest and simple interest on Rs. 2500 for 2 years at 4% per annum is :

(a) Rs. 40
(b) Rs. 45
(c) Rs. 14
(d) Rs. 4

 

 

 

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