Top 10 Questions (Compound Interest) for SSC CGL and CHSL

Top 10 Questions Arithmetic Ability for SSC CGL and CHSL

Top 10 Questions (Compound Interest) for SSC CGL and CHSL

Answers are in bold

1)

Kamal borrowed Rs. 6,800, he has to return the amount with compound interest at the rate of 121/2% per year in two equal yearly installments. What will be the amount of yearly installments?

A) Rs. 8100
B) Rs. 4150
C) Rs. 4050
D) Rs. 4000

2)

In how many years Rs. 10,000 will be amounted to Rs. 13,300 at the rate of 20% compound interest per year compounded to half yearly?

A) 11/2 years
B) 2 years
C) 21/2 years
D) 3 years

3)

The simple interest of a sum for 1 year at a certain rate of interest is Rs. 260 and compound interest for 2 years is Rs. 540.80 at the same rate of interest per year. What will be the rate of interest per year?

A) 4%
B) 6%
C) 8%
D) 10%

4)

The compound interest of a certain sum at the rate of 5% per year for 3 years is Rs. 1261. Find the sum.

A) Rs. 9000
B) Rs. 8400
C) Rs. 7500
D) Rs. 8000

5)

The simple interest of a sum at the rate of 4% per year for 2 years is Rs. 80. What will be compound interest of the same sum for the same period of time?

A) Rs. 82.60
B) Rs. 82.20
C) Rs. 81.80
D) Rs. 81.60

6)

A money-lender borrows money at 4 % per annum and pays the interest at the end of the year. He lends it at 6% per annum compound interest compounded half-yearly and receives the interest at the end of the year. In this way he gains Rs. 104.50 a year. The amount of money he borrows is

A) Rs. 6000
B) Rs. 5500
C) Rs. 5000
D) Rs. 4500

7)

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

A) 45 years
B) 48 years
C) 54 years
D) 60 years

8)

At what rate per cent per annum will a sum of Rs. 1000 amount to Rs. 1102.50 in 2 years at compound interest?

A) 5
B) 5.5
C) 6
D) 6.5

9)

The simple and compound interests on a sum of money for 2 year are Rs. 8400 and Rs. 8652 respectively. The rate of interest per annum is

A) 6%
B) 7.5%
C) 9%
D) 4.5%

10)

The compound interest on Rs. 6250 at 12% per annum for 1 year, compounded half-yearly is

A) Rs. 772.50
B) Rs. 772
C) Rs. 672.50
D) Rs. 672