Compound Interest (SSC) (Part-2)

Total Questions: 50

31. What is the compound interest on ₹62,500 for 2 years at 8% per annum compounded yearly? [SSC CHSL 03/08/2023 (3rd Shift)]

Correct Answer: (c) ₹10,400
Solution:

32. What is the present value of the sum if the interest compounded at the rate of 18% per anmim for two years is ₹981? [SSC CHSL 03/08/2023 (4th Shift)]

Correct Answer: (b) ₹2,500
Solution:

33. What is the compound interest on ₹25,000 for 3 years at 10% per annum compounded yearly? [SSC CHSL 04/08/2023 (2nd Shift)]

Correct Answer: (d) ₹8,275
Solution:

34. Ashok invested ₹18,000 for 3 years at 5% compound interest in a post office. If the interest is compounded once in a year, what sum will he get after 3 years ? [SSC CHSL 04/08/2023 (3rd Shift)]

Correct Answer: (b) ₹20,837.25
Solution:

35. A certain sum was invested at the rate of 10% for a period of 2 years at compound interest and compounded annually. The same sum was invested for the same period and same rate of interest at simple interest. If the difference of compound interest and simple interest was ₹200, find the sum. [SSC CHSL 04/08/2023 (4th Shift)]

Correct Answer: (d) ₹20,000
Solution:

36. Akhilesh invested a certain sum which amounted to ₹82,000 in 2 years at 6% per annum compound interest, compounded annually. What was the sum invested (in ₹) by Akhilesh? (round off to the nearest integer) [SSC CHSL 07/08/2023 (2nd Shift)]

Correct Answer: (c) 72,980
Solution:

37. Kalyan invested a sum of ₹12,000 for two years compounded at 5% and 10%, respectively. What is the compound interest (in ₹) at the end of two years? [SSC CHSL 07/08/2023 (3rd Shift)]

Correct Answer: (d) 1,860
Solution:

38. Radha deposited ₹1,60,000 at a 10% rate of compound interest per annum for two years. If the interest is compounded semi-annually, then what is the compound interest (in ₹)? [SSC CHSL 07/08/2023 (4th Shift)]

Correct Answer: (b) 34,481
Solution:

39. Find the compound interest on ₹10,000 for 1½ years at 20% per annum 2 interest is payable half - yearly [SSC CHSL 08/08/2023 (1st Shift)]

Correct Answer: (b) ₹3,310
Solution:

40. On a sum of money for 2 years compound interest and simple interest are ₹550 and ₹500. Find the rate of interest (in per annum). [SSC CHSL 08/08/2023 (3rd Shift)]

Correct Answer: (c) 20%
Solution: