SSC CGL Exam (tier-I): Quantitative Aptitude: Simple Interest And Compound Interest Free Online Practice Set
20 Questions
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Quiz Description
Questions and Answers
- 1.A sum of money placed at compound interest doubles itself in 4 yr. In how many years will it amount to four times itself?
- A.
12 yr
- B.
13 yr
- C.
8 yr
- D.
16 yr
- 2.The difference between the compound interest and simple interest on Rs. 10000 for 2 yr is Rs. 25. The rate of interest per annum is
- A.
5%
- B.
7%
- C.
10%
- D.
12%
- 3.
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- A.
3%
- B.
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- C.
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- D.
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- 4.Ratio of the principal and the amount after 1 yr is 10 : 12. Then, the rate of interest per annum is
- A.
12%
- B.
16%
- C.
18%
- D.
20%
- 5.At some rate of simple interest, A lent Rs. 6000 to B for 2 yr and Rs. 1500 to C for 4 yr and received Rs. 900 as interest from both of them together. The rate of interest per annum was
- A.
5%
- B.
6%
- C.
8%
- D.
10%
- 6.What annual payment will discharge a debt of Rs. 6450 due in 4 yr at 5% per annum simple interest?
- A.
Rs. 1400
- B.
Rs. 1500
- C.
Rs. 1550
- D.
Rs. 1600
- 7.
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In how many years will a sum of money double itself at simple interest per annum?- A.
24 yr
- B.
20 yr
- C.
16 yr
- D.
12 yr
- 8.In how many years will a sum on Rs. 800 at 10% per annum compound interest, compounded semi-annually becomes Rs. 926.10?
- A.
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- B.
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- C.
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- D.
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- 9.A certain sum amount to Rs. 5832 in 2 yr at 8% per annum compound interest, then the sum is
- A.
Rs. 5000
- B.
Rs. 5200
- C.
Rs. 5280
- D.
Rs. 5400
- 10.In what time will Rs. 10000 amount to Rs. 13310 at 20% per annum compounded half-yearly?
- A.
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- B.
2 yr
- C.
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- D.
3 yr
- 11.In what time Rs. 8000 will amount to Rs. 9261 at 10% per annum compound interest, when the interest is compounded half-yearly?
- A.
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- B.
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- C.
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- D.
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- 12.Simple interest on Rs. 500 for 4 yr at 6.25% per annum is equal to the simple interest on Rs. 400 at 5% per annum for a certain period of time. The period of time is
- A.
4 yr
- B.
5 yr
- C.
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- D.
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- 13.If the difference between the compound and simple interests on a certain sum of money for 3 yr at 5% per annum is Rs. 15.25, then the sum is
- A.
Rs. 2000
- B.
Rs. 1000
- C.
Rs. 1500
- D.
Rs. 2500
- 14.If the simple interest for 6 yr be equal to 30% of the principal, it will be equal to the principal after
- A.
20 yr
- B.
30 yr
- C.
10 yr
- D.
22 yr
- 15.The effective annual rate of interest, corresponding to a nominal rate of 6% per annum payable half-yearly is
- A.
6.06%
- B.
6.07%
- C.
6.08%
- D.
6.09%
- 16.What annual instalment will discharge a debt of Rs. 6450 due in 4 yr at 5% simple interest?
- A.
Rs. 1500
- B.
Rs. 1835
- C.
Rs. 1935
- D.
Rs. 1950
- 17.
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At what rate per cent per annum will the simple interest on a sum of money be of the amount in 10 yr?- A.
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- B.
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- C.
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- D.
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- 18.The difference between the simple and compound interest on a certain sum of money for 2 yr at 4% per annum is Rs. 4. The sum is
- A.
Rs. 2500
- B.
Rs. 2400
- C.
Rs. 2600
- D.
Rs. 2000
- 19.The compound interest on a certain sum of money at a certain rate for 2 yr is Rs. 40.80 and the simple interest on the same sum is Rs. 40 at the same rate and for the same time. The rate of interest per annum is
- A.
2%
- B.
3%
- C.
4%
- D.
5%
- 20.A sum of money becomes eight times of itself in 3 yr at compound interest. The rate of interest per annum is
- A.
100%
- B.
80%
- C.
20%
- D.
10%
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