SIMPLE AND COMPOUND INTEREST (QUANTITATIVE APTITUDE) EPFO UPSC

Total Questions: 30

1. Anil invested an amount for three years at a simple interest rate of 9% p.a. He got an amount of ₹ 19,050 at the end of three years. What principal amount did he invest?

Correct Answer: (d) None of these
Solution:

2. What will be the compound interest on an amount of ₹ 5,000 for a period of 2 years at 8% p.a.?

Correct Answer: (d) None of these
Solution:

3. What is the interest received on a principal of ₹ 450 for 2 years if the interest received on ₹ 1 after four years at the same rate of simple interest is ₹ 0.40?

Correct Answer: (a) ₹ 90  
Solution:

4. Ms. Sandhya deposits an amount of ₹ 31,400 to obtain a simple interest at the rate of 12 per cent per annum for 8 years. What total amount will Ms. Sandhya get at the end of 8 years?

Correct Answer: (b) ₹ 61,544
Solution:

5. What amount of compound interest can be obtained on the principal amount of ₹ 15800 at the rate of 6 per cent per annum at the end of 2 year?

Correct Answer: (c) ₹ 1,952.88
Solution:

6. Sudhanshu invested ₹ 15,000 at interest @ 10% p.a for one year. If the interest is compounded every six months what amount will Sudhanshu get at the end of the year?

Correct Answer: (a) ₹ 16,537.50  
Solution:

7. Ms Suchi deposits an amount of ₹ 24,000 to obtain a simple interest at the rate of 14% p.a. for 8 years. What total amount will Ms Suchi get at the end of 8 years?

Correct Answer: (c) ₹50880
Solution:

8. The simple interest accrued on an amount of ₹ 84,000 at the end of three year is ₹ 30,240. What would be the compound interest accrued on the same amount at the same rate in the same period?

Correct Answer: (d) ₹ 34,013.95
Solution:

9. What will be the difference between the compound interest and simple interest at the rate of 5% p.a. on an amount of ₹ 4,000 at the end of two years?

Correct Answer: (a) ₹ 10  
Solution:

10. If the compound interest accrued on an amount of ₹14,500 in two years is ₹ 4676.25, what is the rate of interest % p.a.?

Correct Answer: (c) 15
Solution: