Compound Interest (SSC) (Part-3)

Total Questions: 50

11. A sum becomes Rs. 33800 in 2 years and Rs. 43,940 in 3 years, when lent in a scheme of compound interest (compounding annually). If double the sum is invested in the same scheme for 2 years, then what will be the amount obtained at the end of 2 years ? [SSC MTS 13/06/2023 (Morning)]

Correct Answer: (b) Rs. 67600
Solution:

12. If interest is being compounded half yearly and rate of interest is 20 percent per annum, then in how much time (in months) Rs.15000 will become Rs. 19965 at compound interest ? [SSC MTS 13/06/2023 (Evening)]

Correct Answer: (d) 18
Solution:

13. Rs. 30000 is lent at compound interest (compounded annually) for 3 years. If the rate of interest is 10 percent for the first year, 20 percent for the second year and 30 percent for the third year, then what will be the total compound interest ? [SSC MTS 14/06/2023 (Afternoon)]

Correct Answer: (a) Rs. 21480
Solution:

14. The amount received on a certain sum after 3 years and 5 years on compound interest (compounding annually) is Rs. 20,736 and Rs. 29,859.84 respectively. What is that sum? [SSC MTS 14/06/2023 (Evening)]

Correct Answer: (d) Rs. 12000
Solution:

15. On a certain sum the compound interest (compounding annually) for fourth year is Rs. 15000 and the compound interest (compounding annually) for sixth year is Rs. 25350. What is the rate of interest per annum ? [SSC MTS 20/06/2023 (Morning)]

Correct Answer: (b) 30 percent
Solution:

16. Simple interest and compound interest (Compounding annually) on a principal at a certain rate of interest for 2 years is Rs.1600 and Rs. 1760 respectively. What is the principal ? [SSC CHSL 10/03/2023 (1st Shift)]

Correct Answer: (d) 4000
Solution:

17. Nutan gets two offers of loan from a bank and an app. The app offered Rs.10,000 at 15 Percent per annum compounded annually for 2 years and the bank offered the same amount at the same rate and for the same time but on simple interest. Find the difference between the interests. [SSC CHSL 10/03/2023 (3rd Shift)]

Correct Answer: (d) Rs.225
Solution:

18. If 10 percent per annum rate of compound interest compounded yearly is equivalent to the x percent compound interest compounded half yearly, then what is the value (Approximate) of x ? [SSC CHSL 14/03/2023 (2nd Shift)]

Correct Answer: (c) 4.88 percent
Solution:

19. Rajeev invested Rs.3,000 for 2 years at compound interest (compounded annually) in a company which paid him interest of Rs.1320 What will be the annual rate of interest at which Rajeev invested his money? [SSC CHSL 15/03/2023 (4th Shift)]

Correct Answer: (d) 20%
Solution:

20. A person borrowed Rs. 8000 on compound interest at the rate of 20 percent per annum. If the interest is compounded half yearly, then what will be the amount to be paid after 1.5 years [SSC CHSL 16/03/2023 (3rd Shift)]

Correct Answer: (a) Rs. 10648
Solution: