Simple Interest and Compound Interest – SSC CGL Tier 1 previous year questions

Here is the compilation of all previous year question of Ratio and Proportion – Quantitative aptitude with answers.

Question 1 – A certain sum of money triples itself in 5 years at simple interest. In how many years it will be five times? [08-AUG-2017 Shift-1]

Options:
1) 5
2) 8
3) 10
4) 15

Correct Answer: 10

Question 2 – The difference of compound interest and simple interest for 3 years and for 2 years are in ratio 23 : 7 respectively. What is rate of interest per annum (in %)? [08-AUG-2017 Shift-2]

Options:
1) 200/7
2) 100/7
3) 300/7
4) 400/7

Correct Answer: 200/7

Question 3 – The simple interest on a sum of money for 10 years is Rs 3130. If the principal becomes 5 times after 5 years, then what will be the total interest (in Rs) obtained after 10 years? [08-AUG-2017 Shift-3]

Options:
1) 6260
2) 7825
3) 9390
4) 15650

Correct Answer: 9390

Question 4 – The difference between the compound interest compounding half yearly for 1 year and the simple interest for 1 year on a certain sum of money lent out at 8% per annum is Rs 64. What is the sum (in Rs)? [09-AUG-2017 Shift-1]

Options:
1) 40000
2) 42000
3) 44000
4) 44800

Correct Answer: 40000

Question : 5 – A, B and C invested amounts in the ratio 3 : 4 : 5 respectively. If the schemes offered compound interest at the rate of 20% per annum, 15% per annum and 10% per annum respectively, then what will be the ratio of their amounts after 1 year? [09-AUG-2017 Shift-1]

Options:
1) 3 : 15 : 25
2) 6 : 6 : 5
3) 36 : 46 : 55
4) 12 : 23 : 11

Correct Answer: 36 : 46 : 55

Question 6 – If Rs 2500 becomes to Rs 2970.25 in 2 years at compound interest compounded annually, then what is the yearly rate of interest (in %)?[09-AUG-2017 Shift-2]

Options:
1) 7
2) 9
3) 11
4) 13

Correct Answer: 9

Question 7 – A certain sum of money amounts to Rs 918 in 2 years and Rs 969 in 3.5 years at simple interest. What is the rate of interest (in %)?[09-AUG-2017 Shift-3]

Options:
1) 4
2) 5
3) 6
4) 8

Correct Answer: 4

Question 8 –

Options:
1) 25/7
2) 4
3) 31/7
4) 33/7

Correct Answer: 25/7

Question:9)Simple Interest received by a person in 10 years on a principal of Rs 9500 is 130% of the principal. What is the rate of interest (in %) per annum?[11-AUG-2017 Shift-3]

Options:
1) 12
2) 13
3) 15
4) 19

Correct Answer: 13

Question:10)The difference between compound interest and simple interest on a sum for 2 year at 20% per annum is Rs 200. If the interest is compounded half yearly, then what is the difference (in Rs) between compound and simple interest for 1st year?[12-AUG-2017 Shift-1]

Options:
1) 50
2) 75
3) 100
4) 150  

Correct Answer: 50

Question:11) If a certain sum of money become thrice of itself in 5 years 4 months at simple interest, then what will be the yearly rate of interest (in %)?[ 12-AUG-2017 Shift-2]

Options:
1) 18.75
2) 27.5
3) 37.5
4) 42.25

Correct Answer: 37.5

Question:12)A person invested a total sum of Rs 7900 in three different schemes of simple interest at 3%, 5% and 8% per annum. At the end of one year he got same interest in all three schemes. What is the money (in Rs) invested at 3%?[12-AUG-2017 Shift-3]

Options:
1) 2900
2) 3500
3) 4000
4) 5600  

Correct Answer: 4000

Question:13) A sum amounts to Rs 7727.104 at the rate of 12% per annum compounded annually after three years. What is the value of principal (in Rs)?[16-AUG-2017 Shift-1]

Options:
1) 5000
2) 5200
3) 5350
4) 5500

Correct Answer: 5500

Question:14) A person lent certain sum of money at 10% per annum simple interest. In 20 years the interest amounted to Rs 500 more than the sum lent. What was the sum lent (in Rs)?[16-AUG-2017 Shift-2]

Options:
1) 200
2) 500
3) 1000
4) 250

Correct Answer: 500

Question:15)Rohan borrowed a certain sum of money at simple interest. Rate of interest was 3% per annum for first 3 years, 4% per annum for next 5 years and 6% per annum for next 7 years. If he paid Rs 2059 as interest, then what is the sum borrowed (in Rs)?[16-AUG-2017 Shift-3]

Options:
1) 2400
2) 2500
3) 2900
4) 3100

Correct Answer: 2900

Question:16)What is the difference (in Rs) between the compound interests on Rs. 4000 for 1 year at 12% per annum compounded yearly and half-yearly?[17-AUG-2017 Shift-1]

Options:
1) 14.4
2) 12.4
3) 10.4
4) 16.4

Correct Answer: 14.4

Question:17) If the amount received at the end of 2nd and 3rd year as Compound Interest on a certain Principal is Rs 2100, and Rs 2268 respectively, what is the rate (in %) of interest?[17-AUG-2017 Shift-2]

Options:
1) 7
2) 8
3) 9
4) 10

Correct Answer: 8

Question:18) If in 2 years at simple interest the principal increases by 18%, what will be the compound interest (in Rs) earned on Rs 7000 in 3 years at the same rate?[17-AUG-2017 Shift-3]

Options:
1) 1865.2
2) 2065.2
3) 1965.2
4) 1765.2

Correct Answer: 2065.2

Question:19) The simple and compound interest that can be earned in two years at the same rate is Rs 1500 and Rs 1575 respectively. What is the rate (% per annum) of interest?[18-AUG-2017 Shift-1]

Options:
1) 8
2) 10
3) 12
4) 5

Correct Answer: 10

Question:20) If compound interest received on a certain amount in the 2nd year is Rs 1200, what will be the compound interest (in Rs) for the 4th year on the same amount at 10% rate of interest?[18-AUG-2017 Shift-2]

Options:
1) 1452
2) 1320
3) 1552
4) 1420

Correct Answer: 1452

Question:21) The compound interest earned in two years at 15% per annum is Rs 20640. What is the sum invested (in Rs)?[18-AUG-2017 Shift-3]

Options:
1) 64000
2) 60000
3) 56000
4) 52000

Correct Answer: 64000

Question:22)Ganesh invested an amount of Rs x in a fixed deposit scheme offering 5% per annum for 1st year and 15% per annum for 2nd year and received an amount of Rs 9660 after two years. What is the value of x (in Rs)?[19-AUG-2017 Shift-1]

Options:
1) 9000
2) 8000
3) 8500
4) 8200

Correct Answer: 8000

Question:23)If the amount received at 10% per annum Compound interest after 3 yrs is Rs 19965, then what will have been the principal (in Rs) amount?[19-AUG-2017 Shift-2]

Options:
1) 16000
2) 15000
3) 17000
4) 18000

Correct Answer: 15000

Question:24) An amount fetched a total simple interest of Rs. 3200 at the rate of 6.25 %/yr in 4 years. What is the amount (in Rs)?[19-AUG-2017 Shift-3]

Options:
1) 13800
2) 11800
3) 12800
4) 14800

Correct Answer: 12800

Question:25) If in 3 years at simple interest the principal increases by 18%, what will be the compound interest (in Rs) earned on Rs. 25,000 in 3 years at the same rate?[20-AUG-2017 Shift-1]

Options:
1) 4775.4
2) 5774.4
3) 4557.4
4) 5575.4

Correct Answer: 4775.4

Question:26) At what rate of compound interest (in %) per annum will a sum of Rs. 15,000 become Rs. 18,150 in 2 years?[20-AUG-2017 Shift-2]

Options:
1) 11
2) 10
3) 9
4) 12

Correct Answer: 10

Question:27)If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 1,800, and Rs 1,926 respectively, what is the rate of interest?[20-AUG-2017 Shift-3]

Options:
1) 7.5%
2) 7%
3) 6%
4) 6.5%

Correct Answer: 7%

Question:28) In 4 years at simple interest the principal increases by 32%. What will be the compound interest earned (in Rs) on Rs. 24,000 in 3 years at the same rate?[21-AUG-2017 Shift-1]

Options:
1) 5233
2) 6332
3) 5332
4) 6233

Correct Answer: 6233

Question:29) The amount received at 10% per annum Compound interest after 3 yrs is Rs 5324. What was the principal (in Rs)?[21-AUG-2017 Shift-2]

Options:
1) 4100
2) 4200
3) 4000
4) 4300

Correct Answer: 4000

Question:30) The simple and compound interest that can be earned in two years at the same rate is Rs 1,000 and Rs 1,040 respectively. What is the rate (percent per annum) of interest?[21-AUG-2017 Shift-3]

Options:
1) 9
2) 10
3) 8
4) 11

Correct Answer: 8

SSC CGL Simple and Compound Interest 2016 Question

Question:31).The simple interest on a sum for 5 years is two-fifth of the sum. The rate of interest per annum is?[31 August 2016- Morning Shift]

Options:
1) 0.1
2) 0.08
3) 0.06
4) 0.04

Correct Answer: 0.08

Question:32)The compound interest on a certain sum for 2 yearsat 10% per annum isRs. 525 . The simple interest on the same sum for double the time at half the rate percent per annum is : [30 August 2016- Afternoon Shift]

Options:
1) Rs.520
2) Rs.550
3) Rs. 500
4) Rs. 515

Correct Answer: Rs. 500

Question:33).A sum of ₹ 3000 yields an interest of ₹ 1080 at 12% per annum simple interest in how many years ?[29 August 2016- Morning Shift]

Options:

1) 4 Years
2) 3 Years
3) 5 years
4) 2½ Years

Correct Answer: 3 Years

Question:34).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?[29 August 2016- Evening Shift]

Options:
1) 2
2) 4
3) 6
4) 8

Correct Answer: 4

Question:35)The difference between the simple interest and compound interest (compounded annually) on Rs. 40,000 for 3 years at 8% per annum is?[28 August 2016- Morning Shift]

Options:
1) Rs.684.32
2) Rs.788.48
3) Rs.784.58
4) Rs.4000

Correct Answer: Rs.788.48

Question:36)The difference between compound interest and simple interest on a certain sum of money for 2 years at 5% per annum is Rs. 41. What is the sum of money?[28 August 2016- Evening Shift]

Options:
1) Rs.7200
2) Rs.9600
3) Rs.16400
4) Rs.8400

Correct Answer: Rs.16400

Question:37)The simple interest on Rs. 2000 for 2 years at Rs. 75 per thousand per annum will be?[27 August 2016- Morning Shift]

Options:
1 ) Rs.150
2 ) Rs.300
3 ) Rs.600
4 ) Rs.400

Correct Answer:  Rs.300

Question:38)The difference between simple and compound interest (compounded annually) on a sum of money for 3 years at 10% per annum is Rs. 93. The sum (in Rs.) is:[27 August 2016- Evening Shift]

Options:
1) 30000
2) 30300
3) 3000
4) 3030

Correct Answer: 3000

Question:39)The compound interest on Rs. 64,000 for 3 years, compounded annually at 7.5% p.a. is?[1 September 2016- Morning Shift]

Options:
1) Rs. 14,400
2) Rs. 15,705
3) Rs. 15,507
4) Rs. 15,075

Correct Answer:Rs. 15,507

Question:40)The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. The rate of interest per annum is?[1 September 2016- Evening Shift]

Options:
1) 6%
2) 7%
3) 8%
4) 9%

Correct Answer: 8%

Question:41)The amount of Rs. 10,000 after 2 years, compounded annually with the rate of interest being 10% per annum during the first year and 12% per annum during the second year, would be (in rupees)?[2 September 2016- Morning Shift]

Options:
1) 11,320
2) 12,000
3) 12,320
4) 12,500

Correct Answer: 12,320

Question:42)The difference between the compound interest and the simple interest on Rs. 6250 at 8% per annum in 2 years is?[2 September 2016- Evening Shift]

Options:
1) Rs.30
2) Rs.40
3) Rs.50
4) Rs.60

Correct Answer: Rs.40

Question:43)The difference between the compound interest and the simple interest on Rs. 6250 at 8% per annum in 2 years is?[2 September 2016- Evening Shift]

Options:
1) Rs.30
2) Rs.40
3) Rs.50
4) Rs.60

Correct Answer: Rs.40

Question:44)At what percent of simple interest will a sum of money double itself in 15 years?[3 September 2016- Morning Shift]

Options:

  1. 6 1/3 %
  2. 6 2/3 %
  3. 6 1/2 %
  4. 6%

Correct Answer: 6 2/3 %

Question:45).The difference between compound interest and simple interest on Rs. 5000 for 2 years at 8% per annum payable yearly is?[3 September 2016- Evening Shift]

Options:
1) Rs.30
2) Rs.31
3) Rs.33
4) Rs.32

Correct Answer: Rs.32

Question:46)If the simple interest on Rs. 400 for 10 years is Rs. 280, then rate of interest per annum is?[4 September 2016- Morning Shift]

Options:
1) 7%
2) 7 ½ %
3) 7 ¼ %
4) 8 ½ %

Correct Answer: 7%

Question:47)A sum of money amounts to Rs. 6655 at the rate of 10% compounded annuallly for 3 years. The sum of money is?[6 September 2016]

Options:
1) Rs.5000
2) Rs.5500
3) Rs.6000
4) Rs.6100

Correct Answer: Rs.5000

Question:48)The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Rs. 1. The sum (in Rs.) is:[09 September 2016- Morning Shift]

Options:
1) 620
2) 630
3) 640
4) 625

Correct Answer: 625

Question:49).If a sum of money doubles itself in 8 yrs, then the interest rate in percentage is ?[10 September 2016- Evening Shift]

Options:

1) 8 ½%
2) 10%
3) 10 ½ %
4) 12 ½ %

Correct Answer: 12 ½ %

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