Compound Interest (SSC) (Part-4)

Total Questions: 11

1. A borrowed a sum of Rs. 1,60,000 from B at 10% per annum simple interest. At the same time he lent the same sum to C at the same time on compounded interest, compounded semi-annually for 2 years. Find the amount (in Rs.) earned by A in the whole transaction. [SSC CGL 17/08/2021 (Afternoon)]

Correct Answer: (c) 2481
Solution:

2. A man borrowed a certain sum and agrees to repay it by paying Rs.4000 at the end of first year and Rs.7700 at the end of second year. If the rate of compound interest compounded annually is 10% per annum, then find the sum (in Rs.) borrowed ? [SSC CGL 17/08/2021 (Evening)]

Correct Answer: (d) 10,000
Solution:

3. A sum of Rs. 3125 amounts to Rs. 3515.20 in 3 years at x% p.a., interest being compounded yearly. What will be the simple interest (in Rs) on the same sum and for the same time at (x + 2)% p.a? [SSC CGL 18/08/2021 (Afternoon)]

Correct Answer: (b) 562.50
Solution:

4. A person borrowed a sum of Rs. 30800 at 10% p.a for 3 years, interest compounded annually. At the end of two years, he paid a sum of Rs. 13268. At the end of 3rd year, he paid Rs. x to clear of the debt. What is the value of x ? [SSC CGL 23/08/2021 (Evening)]

Correct Answer: (c) 26400
Solution:

5. A sum of Rs. 9500 amounts to Rs. 11495 in 2 years at a certain rate percent per annum, interest compounded yearly, ? What is the simple interest (in Rs.) on the same sum for the same time and double the rate ? [SSC CGL 24/08/2021 (Morning)]

Correct Answer: (c) 3800
Solution:

6. Anamika paid Rs. 4965 as compound interest on a loan of Rs. 15000 after 3 years when compounded annually. Suman took a loan of Rs. 10000 at the same rate on simple interest. How much interest did Suman pay after 3 years? [SSC CHSL 12/04/2021 (Morning)]

Correct Answer: (c) 3000
Solution:

7. The simple interest on a certain sum for 3 years at 12% per annum is Rs. 6750. What is the compound interest (in Rs.) on the same sum for 2 years at 20% per annum, if interest is compounded half-yearly? (round off to the nearest Rs.) [SSC CHSL 12/04/2021 (Evening)]

Correct Answer: (b) 8702
Solution:

8. A sum of Rs. 2432 amounts to Rs. 2681.28 in 2 years at a certain rate percent per annum, interest compounded yearly. What will be the simple interest (in Rs.) on the same sum for 4⅜ years at  double the same rate? [SSC CHSL 13/04/2021 (Afternoon)]

Correct Answer: (c) 1064
Solution:

9. A man invested a total of ₹12,050 in two parts, one at 10% p.a. Simple interest for 2 years and the other at the same rate at compound interest, interest being compounded annually, for the same time. The amount he received from the parts are equal. The sum (in ₹) invested at the compound interest is: [SSC CHSL 15/04/2021 (Morning)]

Correct Answer: (c) 6,000
Solution:

10. Krishan invested a sum of 25,000 in two parts. He earned 11% p.a simple interest on part 1 and 10% p.a compound interest compounded annually on part 2. If the total interest received by him after 2 years is ₹5,370, then find the sum invested on simple interest. [SSC CHSL 05/08/2021 (Evening)]

Correct Answer: (b) ₹ 12,000
Solution: