Compound Interest (SSC) (Part-2)

Total Questions: 50

11. The difference between the compound interest annually) and simple interest for an amount of ₹85,000 in 2 years is ₹850. Find the rate of interest per annum. [SSC MTS 04/09/2023 (3rd Shift)]

Correct Answer: (b) 10%
Solution:

12. ₹1,250 at 12% per annum compounded annually will amount to 1,568 in: [SSC MTS 05/09/2023 (1st Shift)]

Correct Answer: (c) 2 yrs
Solution:

13. Find the amount of ₹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 05/09/2023 (2nd Shift)]

Correct Answer: (d) ₹87,739.40
Solution:

14. In how many years will a sum of ₹18,000 at 20% per annum compounded half yearly becomes ₹23,958? [SSC MTS 05/09/2023 (3rd Shift)]

Correct Answer: (a) 1½
Solution:

15. 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 06/09/2023 (1st Shift)]

Correct Answer: (b) ₹549
Solution:

16. What sum of money invested at 8% per annum in 1½ years, compounded half-yearly, shall become ₹17,576? [SSC MTS 06/09/2023 (3rd Shift)]

Correct Answer: (d) ₹15,625
Solution:

17. A deposited ₹62,500 at the rate of 8% per annum compounded half yearly, then what is the compound interest at the end of two years? [SSC MTS 08/09/2023 (1st Shift)]

Correct Answer: (d) ₹10,616.16
Solution:

18. Find the amount if ₹10,200 is invested at the rate of 8% per annum 1 compound interest for 1½ years when interest is compounded half yearly (up to two decimal places). [SSC MTS 08/09/2023 (2nd Shift)]

Correct Answer: (b) ₹11,473.61
Solution:

19. What will be the compound interest on ₹30,000 at 10% per annum for 1½ years, when interest is compounded half-yearly? [SSC MTS 08/09/2023 (3rd Shift)]

Correct Answer: (a) ₹4,728.75
Solution:

20. An amount of ₹2,000 amounts to ₹2,880 in 2 years. What will be the rate of interest if compounded annually? [SSC MTS 11/09/2023 (1st Shift)]

Correct Answer: (d) 20%
Solution: