Compound Interest (SSC) (Part-2)

Total Questions: 50

41. Basanthi deposited ₹50,000 in a co operative bank which is giving compound interest at the rate of 10% per annum. What will be her interest in the 3rd year ? [SSC CHSL 08/08/2023 (4th Shift)]

Correct Answer: (b) ₹6,050
Solution:

42. The difference between the simple interest and the compound interest on a certain amount at 9% per annum for two years is ₹162, what is the principal ? [SSC CHSL 09/08/2023 (1st Shift)]

Correct Answer: (c) ₹20000
Solution:

43. What is the present value of ₹9,360 at an interest rate 20% at the end of two years compounded annually? [SSC CHSL 09/08/2023 (3rd Shift)]

Correct Answer: (c) ₹6,500
Solution:

44. If the difference between the simple interest and the compound interest for 3 years at the rate of 10% per annum on a certain sum is equal to ₹310, then that sum of money is: [SSC CHSL 10/08/2023 (1st Shift)]

Correct Answer: (d) ₹10,000
Solution:

45. What is the difference between the compound interest on ₹6,400 for 1 year at 5% per annum compounded yearly and half - yearly? [SSC CHSL 10/08/2023 (3rd Shift)]

Correct Answer: (c) ₹4
Solution:

46. In what time will ₹3,20,000 amount to 4,05,000 if compounded at 12.5% per annum ? [SSC CHSL 10/08/2023 (4th Shift)]

Correct Answer: (b) 2 Years
Solution:

47. A sum of ₹10,000 was invested at a rate of 10% per annum for a period of 2 years, compounded half-yearly. Find the compound interest. [SSC CHSL 11/08/2023 (4th Shift)]

Correct Answer: (d) ₹2,155.0625
Solution:

48. What sum will become ₹9,826 in 18 months if the rate of interest is 2½% per annum and the interest is compound half - yearly? [SSC CHSL 14/08/2023 (1st Shift)]

Correct Answer: (d) ₹9,466.55
Solution:

49. The difference between the simple and compound interest on a certain sum of money at an 8% rate of interest per annum for two years is ₹56. Find the sum. [SSC CHSL 17/08/2023 (1st Shift)]

Correct Answer: (a) ₹8,750
Solution:

50. Compound interest on a certain sum of money invested for 1.5 years at the rate of 10% per annum, compounded half yearly is Rs. 5,044. What is the sum ? [SSC CHSL 17/08/2023 (2nd Shift)]

Correct Answer: (a) ₹32,000
Solution: