Compound Interest (SSC)

Total Questions: 50

21. A borrows an amount of ₹3,600 from B at a rate of 20% simple interest for 2 years and lends 75% of this amount to Cat 20% compound interest for 2 years. A uses the remaining amount for his personal purpose. Find the total loss incurred by A. [SSC MTS 12/07/2022 (Afternoon)]

Correct Answer: (c) ₹1,152
Solution:

22. In what time will ₹3,90,625 amount to ₹4,56,976 at 8% per annum, interest being compounded half - yearly? [SSC CHSL 08/06/2022 (Afternoon)]

Correct Answer: (a) 2 years
Solution:

23. A certain sum is invested at 26% p.a, interest compounded annually. In how many years (approx) will it double ? [SSC CHSL 01/06/2022 (Morning)]

Correct Answer: (b) 3
Solution:

24. Divide ₹66,300 between A and B in such a way that the amount that A receives after 8 years is equal to the amount that B receives after 10 years; with interest compound being compounded annually at a rate of 10% per annum. [SSC CGL 20/04/2022 (Evening)]

Correct Answer: (d) A = ₹36,300, B = ₹30,000
Solution:

25. A certain sum was invested for three years in a scheme in which the interest gets compounded annually. During the first two years, the scheme provided growth at the rates of 80% and 60%, respectively, but during the third year there was a decline by 40%. What was the overall interest rate for three years? [SSC MTS 12/10/2021 (Afternoon)]

Correct Answer: (b) 20%
Solution:

26. A sum of ₹5,760 amounts to ₹7,200 in 4 years and to x in 12 years at a certain rate percent per annum, when the interest is compounded yearly in both the cases. What is the value of x ? [SSC MTS 06/10/2021 (Evening)]

Correct Answer: (b) 11250
Solution:

27. Atul borrowed a sum of Rs. 12000 and agreed to repay it by paying Rs. 4800 at the end of first year and Rs. 9240 at the end of second year. What is the rate of compound interest compounded annually ? [SSC CGL 24/08/2021 (Afternoon)]

Correct Answer: (a) 10%
Solution:

28. A and B together borrowed a sum of ₹51,750 at an interest rate of 7% p.a. compound interest in such a way that to settle the loan, A paid as much amount after three years as paid by B after 4 years from the day of borrowing. The sum (in ₹) borrowed by A was: [SSC CGL 05/03/2020 (Afternoon)]

Correct Answer: (d) 26,750
Solution:

29. A certain sum amounts to Rs 4,205.55 at 15% p.a. In 2⅖ years, interest compounded yearly. The sum (in) is: [SSC CGL Tier II (13/09/2019)]

Correct Answer: (d) 3,000

30. A sum of Rs 18000 is lent at 10% p.a. compound interest, compounded annually. What is the difference between the compound interest for 3rd year and 4th year ? [SSC CGL Tier II (11/09/2019)]

Correct Answer: (b) Rs 217.80