Compound Interest (SSC) (Part-2)

Total Questions: 50

21. What is the compound interest (in ₹) on ₹20,500 for 2 years at 10% per annum, if the interest is compounded annually ? [SSC MTS 11/09/2023 (2nd Shift)]

Correct Answer: (b) 4,305
Solution:

22. In how many years will ₹1,60,000 become ₹2,79,841 at a compound interest (Compounded annually) rate of 15% per annum? [SSC MTS 11/09/2023 (3rd Shift)]

Correct Answer: (d) 4
Solution:

23. Hema invested ₹1,728 at the rate of compound interest (Compounded annually) for 3 years. She got ₹4,096 after the specified period. Find the rate of interest per annum. [SSC MTS 12/09/2023 (1st Shift)]

Correct Answer: (c) 33 ⅓%
Solution:

24. A sum of ₹15,000 was lent for 3 years at the rate of 4%, 5%, 6% per annum, respectively, at compound interest for the first year, second year and third year compounded annually. Find the compound interest for 3 years. [SSC MTS 12/09/2023 (3rd Shift)]

Correct Answer: (c) ₹2,362.80
Solution:

25. On what sum of money will the difference between the simple interest and compound interest (Compounded annually) for 3 years at 5% per annum be ₹15.25? [SSC MTS 13/09/2023 (1st Shift)]

Correct Answer: (d) ₹2,000
Solution:

26. Find the compound interest (in ₹) on ₹500 in 2 years at 20% per annum if the interest being compounded half yearly. [SSC MTS 13/09/2023 (3rd Shift)]

Correct Answer: (a) 232.05
Solution:

27. Mr Kalra borrowed ₹1,35,000 to meet the son's expenses of his education. If the rate of interest is 12% per annum compounded annually, then how much amount will he have to make after 2 years and 3 months to settle the account? [SSC MTS 14/09/2023 (1st Shift)]

Correct Answer: (a) ₹1,74,424.32
Solution:

28. What is the amount (in ₹) due on a sum of money ₹12,500 after one year if the compound interest is payable half-yearly at 12% per annum ? [SSC MTS 14/09/2023 (3rd Shift)]

Correct Answer: (d) 14,045
Solution:

29. Find the compound interest on ₹50,000 for one year at 8% per annum when compounded half yearly. [SSC CHSL 02/08/2023 (2nd Shift)]

Correct Answer: (c) ₹4,080
Solution:

30. In how many years will ₹40000 amount to ₹46656 at the rate of 8% compound interest per annum? [SSC CHSL 02/08/2023 (3rd Shift)]

Correct Answer: (b) 2
Solution: