Compound Interest (SSC)

Total Questions: 50

31. What will be the compound interest on a sum of Rs 31,250 for 2 years at 12% p.a., if the interest is compounded 8-monthly? [SSC CGL Tier II (11/09/2019)]

Correct Answer: (b) ₹8116

32. If the compound interest in the third year at 8% p.a. on a certain sum is Rs 3600, then what is the difference between the compound interest in the 4th and 5th year? (nearest to an integer in Rs) [SSC MTS 22/08/2019 (Evening)]

Correct Answer: (d) ₹311
Solution:

33. What is the present value of Rs. 14739 payable in 3 years at the rate of 6.25% yearly compound interest ? [SSC MTS 21/08/2019 (Evening)]

Correct Answer: (b) Rs 12288
Solution:

34. If the rate of interest is 20% per annum, compounded yearly and the interest on a certain sum in the second year is Rs 250, then what will be the interest on the same sum in the fifth year [SSC MTS 20/08/2019 (Morning)]

Correct Answer: (d) ₹432
Solution:

35. A certain sum on invested compound interest (compounded annually) grows to Rs 5040 in three years. If the rate of interest is 20% for the first year, 40% for the second and 50% for the third year, then what is the sum ? [SSC MTS 07/08/2019 (Morning)]

Correct Answer: (d) ₹2000
Solution:

36. The simple interest on a certain sum at 20% p.a for two years is Rs. 250. What is the compound interest (compounded annually) on the same sum at the same rate for the same period? [SSC MTS 05/08/2019 (Evening)]

Correct Answer: (a) ₹275
Solution:

37. A certain amount invested at a certain rate, compounded annually, grows to an amount in five years, which is a factor of 1.1881 more than to what it would have grown in three years. What is the rate percentage ? [SSC CHSL 04/07/2019 (Evening)]

Correct Answer: (a) 9
Solution:

38. Rs 60000 invested at a certain rate for a certain even number of years, compounded annually, grows to Rs 63,654. To how much amount would it grow if it is invested at the same rate for half period? [SSC CHSL 04/07/2019 (Afternoon)]

Correct Answer: (a) Rs 61800
Solution:

39. A sum invested at 8% p.a. amounts to Rs 20280 at the end of one year, when the interest is compounded half yearly. What will be the simple interest on the same sum for 4⅗ years at double the earlier rate of interest ? [SSC CHSL 04/07/2019 (Morning)]

Correct Answer: (b) Rs 13800
Solution:

40. The difference between the compound interest and simple interest on Rs x at 8% per annum for 2 years is Rs 19.20. What is the value of x ? [SSC CGL 10/06/2019 (Afternoon)]

Correct Answer: (d) 3,000
Solution: