SSC CGL Exam Tier-I: Simple And Compound Interest Quiz!

20 Questions | By Jagranjosh | Updated: Mar 19, 2022 | Attempts: 1005

Questions

Settings

Create your own Quiz

SSC CGL Exam Tier-I: Simple And Compound Interest Quiz! - Quiz

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.

The simple interest on a sum of money is of the principal and the number of years is equal to the rate percent per annum. The rate percent per annum is equal to
- A.
  
  3%
- B.
- C.
- D.
4.

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%
5.

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
6.

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
7.

At what time will Rs. 10000 amount to Rs. 13310 at 20% per annum compounded half-yearly?
- A.
- B.
  
  2 yr
- C.
- D.
  
  3 yr
8.

In what time Rs. 8000 will amount to Rs. 9261 at 10% per annum compound interest, when the interest is compounded half-yearly?
- A.
- B.
- C.
- D.
9.

A certain sum amounts 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 how many years will a sum of Rs. 800 at 10% per annum compound interest, compounded semi-annually becomes Rs. 926.10?
- A.
- B.
- C.
- D.
11.

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.
- D.
12.

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
13.

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
14.

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%
15.

What annual installment 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
16.

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
17.

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%
18.

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%
19.

At what rate per cent per annum will the simple interest on a sum of money be of the amount in 10 yr?
- A.
- B.
- C.
- D.
20.

The 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%