SIMPLE AND COMPOUND INTEREST (QUANTITATIVE APTITUDE) EPFO UPSC

Total Questions: 30

21. The difference between the compound interest and simple interest for the amount ₹ 5,000 in 2 years is ₹ 32. The rate of interest is

Correct Answer: (b) 8%
Solution:

22. A sum becomes ₹ 2,916 in 2 years at 8% per annum compound interest. The simple interest at 9% per annum for 3 years on the same amount will be

Correct Answer: (c) ₹ 675
Solution:

23. A person deposited ₹ 500 for 4 years and ₹ 600 for 3 years at the same rate of simple interest in a bank. Altogether he received ₹ 190 as interest. The rate of simple interest per annum was

Correct Answer: (c) 5%
Solution:

24. A sum of money placed at compound interest doubles itself in 5 years. It will amount to eight times of itself in :

Correct Answer: (a) 15 years 
Solution:

25. The simple interest an ₹ 4,000 in 3 years at the rate of x% per annum equals the simple interest on ₹ 5,000 at the rate of 12% per annum in 2 years. The value of x is

Correct Answer: (c) 10%
Solution:

26. If the compound interest on a certain sum for two years at 12% per annum is ₹ 2,544, the simple interest on it at the same rate for 2 years will be

Correct Answer: (a) ₹ 2,400 
Solution:

27. A certain amount of money earns ₹ 540 as Simple Interest in 3 years. If it earns a Compound Interest of ₹ 376.20 at the same rate of interest in 2 years, find the amount. (in rupees)

Correct Answer: (d) 2000
Solution:

28. The simple interest accrued on an amount of ₹ 2,500 at the end of six years is ₹ 1,875. What would be the simple interest accrued on an amount of ₹ 6,875 at the same rate and same period?

Correct Answer: (d) None of these
Solution:

29. What amount a man would have received on a principal of ₹ 4,000 after two years at simple interest at the rate of 5 per cent per annum?

Correct Answer: (c) ₹ 4,400
Solution:

30. A certain sum of money amounts to ₹ 1008 in 2 years and the same sum of money amounts to ₹ 1164 in 3 years and 6 months at simple interest. Find the sum and the rate of interest.

Correct Answer: (b) ₹ 800, 13% p.a.
Solution: