Simple & Compound Interest [ Beginners Level ] Quiz For SSC CGL : 7th December

Q1. Rs. 2500 was borrowed for 3 years. What will be the compound interest if the rate of interest for first year is 3% per annum, second year is 4% per annum and for third year is 5% per annum respectively?
(a) 311.90
(b)440
(c) 450
(d) 410.80

Q2. A sum of money becomes 16 times of itself in 2 years if compounded half yearly. How much time it will take to become 27 times if compounded yearly.
(a) 3 years
(b) 4 years
(c) 5years
(d) 6 years

Q3. The difference of S.I and C.I on an amount of Rs. 30000 for 2 years is Rs. 147. What is the rate of Interest?
(a) 8 %
(b) 10 %
(c) 9 %
(d) 7 %

Q4. If the ratio of difference of S.I and C.I. for two years and 3 years is 4:13 . Find the rate of interest.
(a) 20 %
(b) 25 %
(c) 30 %
(d) 40 %

Q5. Rs. 39030 is divide between ‘a’ and ‘b’ in such a way that amount given to ‘a’ on C.I. in 7 years is equal to amount given to ‘b’ on C.I. in 9 years. Find the part of ‘a’. If the rate of interest is 4%.
(a) 20200
(b) 20900
(c) 20280
(d) 20100

Q6. What will be the difference between simple and compound interest on a sum of Rs. 4500 put for 2 years at 5% per annum?
(a) 12.45
(b) 12.95
(c) 11.25
(d)10.25

Q7. What will be the amount if a sum of Rs. 5000 is placed at compound interest for 3 years while rate of interest for the first, second and third years is 2%, 3% and 4% respectively?
(a) 5473.12
(b) 5463.12
(c) 5163.12
(d) 5353.12

Q8. The compound interest on Rs. 10,000 in 2 years at 4% per annum the interest being compounded half yearly, is :
(a) 824.3216 Rs
(b) 804.3216 Rs
(c) 814.3216 Rs
(d) 834.3216 Rs

Q9. The compound interest on a certain sum of money invested for 2 years at 5% per annum is Rs. 328. The simple interest on the sum, at the same rate and for the same period will be?
(a) 340
(b)320
(c)330
(d)390

Q10. A sum of Rs. 2000 amounts to Rs. 4000 in two years at compound interest. In how many years does the same amount becomes Rs. 8000.
(a) 2
(b) 4
(c) 6
(d) 8