Special Quant Quiz (Misc.) SSC CGL Tier-II 2016

Q1. A man took a loan of 25220 at compound interest at rate of 5% for a three year. A man promise to return a loan in three equal installment each year. What is the value of each installment?    
(a) 9264 Rs.
(b) 9261 Rs.
(c) 9278 Rs.
(d) 9284 Rs.

Q2. Compound interest of sum borrowed in 1( 1/2) year is 4590 Rs. if rate of interest 6% annually then amount of sum borrowed is?     
(a) 58,000 Rs.
(b) 54,000 Rs.
(c) 52,000 Rs.
(d) 50,000 Rs.
S2. Ans.(d)
Sol. For 6 month rate of interest =6/2=3%
Time =3/2 year
C.I. = 6 + 3 +(6 × 3)/100=9.18%
Let sum borrowed = P
P×9.18/100=4590
P = 50,000 Rs.

Q3. What sum will give 22.12 Rs as the difference between simple interest and compound interest in 3 years. If the rate of interest for first year, second year and third year is 1%, 2% & 3% respectively.   
(a) 20000Rs.
(b) 22500Rs.
(c) 24000Rs.
(d) 23500Rs.
S3. Ans.(a)
Sol. S.I. = 1% + 2% + 3% = 6%
C.I. = 1%, 2%, 3%
1+2+(1×2)/100=3.02%,3%
3.02+3+(3.02×3)/100=6.1106%
C.I – S.I = .1106%
Sum =(22.12 × 100)/.1106⇒20000 Rs

Q4. A mobile can be purchased at 1500 Rs or 350 Rs cash and 3 annual installment of 400 Rs each. What is the rate of interest?  

Q5. A certain sum become 66300 in 10 years. And 99450 Rs  in 20 years. What is the sum?  
(a) 42200 Rs
(b) 44200 Rs
(c) 44800 Rs
(d) 43200 Rs

Q6. If simple interest & compound interest of a certain sum is 400 and 410 respectively. Find out the rate of interest?  
(a) 5%
(b) 6%
(c) 7%
(d) 8%

Q7. The ratio of difference of compound interest and simple interest for 3 years and 2 years is 19 : 6. What is the rate of the interest?

(a) 16( 2/3)%  
(b) 9 (1/11)%  
(c) 10%  
(d) 11 (1/9)%  

 

 

 

 

 

 



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