SSC CGL Exam (Tier-I): Quantitative Aptitude: Simple Interest And Compound Interest Free Online Practice Set

20 Questions | Total Attempts: 881

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SSC CGL Exam (Tier-I): Quantitative Aptitude: Simple Interest And Compound Interest Free Online Practice Set

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. 
    • A. 

      3%

    • B. 
    • C. 
    • D. 
  • 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. 
    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. 
    • B. 
    • C. 
    • D. 
  • 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. 
    • B. 

      2 yr

    • C. 
    • 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. 
    • B. 
    • C. 
    • D. 
  • 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. 
    • D. 
  • 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. 
    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. 
  • 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%