Compound Interest (SSC)

Total Questions: 50

41. A sum of Rs 12,000 amounts to Rs 20,736 in 3 years at a certain rate percent per annum, interest compounded annually. What will the amount of the same sum be in 2 years at the same rate on compound interest ? [SSC CGL 10/06/2019 (Morning)]

Correct Answer: (c) Rs 17,280
Solution:

42. A person borrowed a certain sum at 10% p.a. for three years, interest being compounded annually. At the end of two years, he repaid a sum of Rs. 6634 and at the end of the third year, he cleared off the debt by paying Rs. 13,200. What was the sum borrowed by him? [SSC CGL 06/06/2019 (Evening)]

Correct Answer: (b) Rs. 15,400
Solution:

43. The compound interest on a certain sum in 2½ years at 10% р.а., interest compounded yearly, is Rs 1,623. The sum is: [SSC CGL 04/06/2019 (Afternoon)]

Correct Answer: (b) Rs 6,000
Solution:

44. The interest on Rs 24,000 in years compounded annually when the rates are 8% p.a and 10% p.a for two successive years is: [SSC CPO 16/03/2019 (Afternoon)]

Correct Answer: (b) ₹4512
Solution:

45. The annual interest compounded on any amount is Rs 1,320 for the second year and Rs 1,452 for the third year. What will be the original amount at the beginning of the first year? [SSC CPO 15/03/2019 (Evening)]

Correct Answer: (d) 12,000
Solution:

46. A sum of Rs 18,000 is invested for 16 months at 8% per annum compounded half-yearly. What is the percentage gain? [SSC CPO 12/03/2019 (Evening)]

Correct Answer: (b) 11%

47. If an increase of 40% is observed on an amount in 4 years at simple interest, what will be the compound interest on ₹80,000 after 4 years at the same rate of interest ? [SSC CHSL Tier II (18/11/2024)]

Correct Answer: (d) ₹37,128
Solution:

48. A sum of money at compound interest doubles itself in 4 years. In how many years does the sum become 8 times of itself at the same rate of interest [SSC CPO 27/06/2024 (1st Shift)]

Correct Answer: (b) 12

49. A certain amount of money becomes thrice in 5 years at compound interest. How many years it will take to become 9 times? [SSC CPO 28/06/2024 (1st Shift)]

Correct Answer: (c) 10 years
Solution:

50. The compound interest of ₹6,000 in two years, if the rate of interest is 2.5% per annum for the first year and 2% per annum for the second year, will be: [SSC CHSL Tier II 10/01/2024]

Correct Answer: (a) ₹273
Solution: