SIMPLE AND COMPOUND INTEREST (QUANTITATIVE APTITUDE) EPFO UPSC

Total Questions: 30

11. The compound interest accrued on an amount of ₹ 25,500 at the end of three year is ₹ 8,440.5. What would be the simple interest accrued on the same amount at the same rate in the same period?

Correct Answer: (d) ₹ 7,650
Solution:

12. The simple interest obtained on an amount of ₹ 45,000 at the end of 4 year is ₹ 15,300. What would be the approximate compound interest obtained on the same amount at the same rate of interest in the same period?

Correct Answer: (d) ₹ 17,364
Solution:

13. The simple interest accrued on a sum of certain principal is ₹ 1,200 in four year at the rate of 8% p.a. What would be the simple interest accrued on thrice of that principal at the rate of 6% p.a in 3 year?

Correct Answer: (a) ₹ 2,025  
Solution:

14. A sum of money at compound interest doubles itself in 15 years. It will become eight times of itself in

Correct Answer: (a) 45 years  
Solution:

15. What annual payment will discharge a debt of ₹6,450 due in 4 years at 5% per annum simple interest ?

Correct Answer: (b) ₹1,500
Solution:

16. In how many years will a sum of ₹ 800 at 10% per annum compound interest, compounded semi-annually becomes ₹ 926.10 ?

Correct Answer: (a) 1½
Solution:

17. In how many years will a sum of money double itself at 6¼% simple interest per annum?

Correct Answer: (c) 16 years
Solution:

18. A sum of ₹ 12,000, deposited at compound interest becomes double after 5 years. How much will it be after 20 years?

Correct Answer: (d) ₹ 1,92,000
Solution:

19. The simple interest on a sum for 5 years is one fourth of the sum. The rate of interest per annum is

Correct Answer: (a) 5% 
Solution:

20. Simple interest on a certain sum for 6 years is 9/25 of the sum. The rate of interest is

Correct Answer: (a) 6% 
Solution: