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Compound Interest Questions for SSC Stenographer & IB (ACIO) 2017

Compound Interest Questions for SSC Stenographer & IB (ACIO) 2017_40.1

Dear students, Here we are providing different questions from Compound Interest topic of quantitative aptitude for different Government exam.Compound interest is an important topic with respect to all Government exams , you will find at least 1 question in every paper.Practice more and Fulfill all your dreams of getting a government job. Best of luck.
Q1. If a sum of money Rs. 200000 amounts to Rs. 266200 in 3 years at compound interest. Find the rate of interest?
(a) 20%
(b) 30%
(c) 40%
(d) 10%

Q2. At what rate p.a. will Rs. 54000 yield a C.I of Rs. 5582 in 9 months, interest being compounded quarterly?
(a) 10/3%
(b) 40/3%
(c) 20/3%
(d) 25%

Q3. If a certain sum of money at the rate of interest compounded annually becomes 4 times in 6 years. In how much time it will become 256 times?
(a) 48
(b) 24
(c) 36
(d) 60

Q4. If a certain amount of money becomes 64000 in 2 years and Rs. 125000 in 5 years. Find the principal & rate of interest being compounded yearly?
(a) 50% , 40900
(b) 25% , 40960
(c) 35% , 40970
(d) None of these

Q5. S.I & C.I on a certain sum of money is 600 Rs. & 610 Rs. respectively. Find the principal if time is 2 years?
(a) 9000
(b) 8000
(c) 7000
(d) 12000

Q6. If the difference between S.I & C.I on a sum of Rs. 5000, for 2 years is Rs. 128. Find the rate of interest?
(a) 10%
(b) 16%
(c) 20%
(d) 25%

Q7. A man wants to invest Rs. 16850 in bank account of his 2 sons, whose ages are 12 years & 16 years in such a way so that they will get equal amount at an age of 120 years at the rate of 33⅓% compounded annually. Find the share of younger son?
(a) 4050
(b) 4080
(c) 4090
(d) 4085

Q8. A sum of money amounts to Rs. 6690 after 3 years & to Rs. 10,035 after 6 years on compound interest. Find the sum
(a) 4460
(b) 4590
(c) 4910
(d) 5000

Q9. If compound interest on a certain sum at 16⅔% for 3 years is Rs. 1270, find the simple interest on the same sum at the same rate and for the  same period?
(a) 1090
(b) 1080
(c) 1020
(d) 1060

Q10. The difference between the compound & the simple interest on a sum for 2 years at 10% per annum, when the interest is compounded annually is Rs. 28. If the yearly interest were compounded half yearly, the difference in the two interest will be 
(a) 49
(b) 43.41
(c) 30
(d) 39.41

Q11. A sum of Rs. 13,360 was borrowed at 8¾% per annum compound interest and paid back in 2 years in two equal annual installments. What was the amount of each installment?
(a) Rs. 5769
(b) Rs. 7000
(c) Rs. 7569
(d) Rs. 7500

Q12. The compound interest on a certain sum of money at a certain rate per annum for 2 years is Rs. 2050, and the simple interest on the same amount of money at the same rate for 3 years is Rs. 3000. Find the sum of money is
(a) Rs. 20,000
(b) Rs. 18,000
(c) Rs. 21,000
(d) Rs. 25,000

Q13. A sum of Rs. 3200  at 10% p.a. compounded quarterly amounts, to 3362. Compute the time period?
(a) 1/2 year
(b) 1 year
(c) 2 year
(d) 3/4 year

Q14. A certain amount of money earns Rs. 540 as a simple interest in 3 years. If it earns a compound interest of Rs. 376.20 at the same rate of interest in 2 years. Find the amount?
(a) 1600
(b) 1800
(c) 2100
(d) 2000

Q15. The compound interest on Rs. 12000 for 9 months at 20% p.a., interest being compounded quarterly is:
(a) 1891.50
(b) 2089.70
(c) 2136
(d) 1750

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