SSC Quantitative Aptitude Simple Interest Question Bank

done Simple and Compound Interest (II) Total Questions - 47

• question_answer1)
  The sum for 2 yr gives a compound interest of Rs. 3225 at 15% rate. Then, sum is [SSC CGL Tier II, 2017]
  A)
  Rs. 10000 done clear
  B)
  Rs. 20000 done clear
  C)
  Rs. 15000 done clear
  D)
  Rs. 32250 done clear
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• question_answer2)
  In 3 yr, Rs. 3000 amounts to Rs. 3993 at x% compound interest, compounded annually. The value of x is [SSC CGL Tier II, 2017]
  A)
  10 done clear
  B)
  8 done clear
  C)
  5 done clear
  D)
  8 done clear
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• question_answer3)
  A man borrowed some money and agreed to pay-off by paying Rs. 3150 at the end of the 1st year and Rs. 4410 at the end of the 2nd year. If the rate of compound interest is 5% per annum, then the sum is [SSC CGL Tier II, 2017]
  A)
  Rs. 5000 done clear
  B)
  Rs. 6500 done clear
  C)
  Rs. 7000 done clear
  D)
  Rs. 9200 done clear
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• question_answer4)
  Rs. 260200 is divided between Ram and Shyam so that the amount that Ram receives in 4 yr is the same as that Shyam receives in 6 yr. If the rerest is compounded annually at the rate of 4% per annum, then Ram's share is [SSC CGL Tier II, 2017]
  A)
  Rs. 125000 done clear
  B)
  Rs. 135200 done clear
  C)
  Rs. 152000 done clear
  D)
  Rs. 108200 done clear
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• question_answer5)
  A sum of Rs. 7930 is divided into 3 parts and given on loan at 5% simple interest to A, B and C for 2 yr, 3 yr and 4 yr, respectively. If the amounts of all three are equal after their respective periods of loan then the A received a loan of [SSC CGL Tier II, 2015]
  A)
  Rs. 2750 done clear
  B)
  Rs. 2760 done clear
  C)
  Rs. 2800 done clear
  D)
  Rs. 3050 done clear
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• question_answer6)
  The simple interest on a sum of money is \[\frac{8}{25}\] of the sum. If the number of years is numerically half the rate per cent per annum, then the rate per cent per annum is [SSC CGL Tier II, 2016]
  A)
  \[5\] done clear
  B)
  \[4\] done clear
  C)
  \[8\] done clear
  D)
  \[6\frac{1}{4}\] done clear
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• question_answer7)
  A sum of money placed at compound interest doubles itself in 5 yr. It will amount to eight times itself at the same rate of interest in [SSC CGL Tier n, 2015]
  A)
  15 yr done clear
  B)
  12 yr done clear
  C)
  20 yr done clear
  D)
  10 yr done clear
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• question_answer8)
  A sum of money is paid back in two annual instalments of Rs. 17640 each, allowing 5% compound interest compounded annually. The sum borrowed was [SSC CGL Tier II, 2015]
  A)
  Rs. 32800 done clear
  B)
  Rs. 32400 done clear
  C)
  Rs. 32200 done clear
  D)
  Rs. 32000 done clear
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• question_answer9)
  Prakash lends a part of Rs. 20000 at 8% simple interest and remaining at \[\frac{4}{3}%\] simple interest. His total income after a year was Rs. 800. Find the sum lent at 8%. [SSC CGL Tier II, 2014]
  A)
  Rs. 8000 done clear
  B)
  Rs. 12000 done clear
  C)
  Rs. 6000 done clear
  D)
  Rs. 10000 done clear
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• question_answer10)
  A man borrows money at 3% per annum interest payable yearly and lend it immediately at 5% interest (compound) payable half-yearly and thereby gains Rs. 330 at the end of the year. The sum borrowed is [SSC CGL Tier II, 2014]
  A)
  Rs. 17000 done clear
  B)
  Rs 16500 done clear
  C)
  Rs. 15000 done clear
  D)
  Rs. 160005 done clear
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• question_answer11)
  Two years ago, the value of my motorbike was Rs. 62500. If the value depreciates by 4% every year, now its value is [SSC CGL Tier II, 2014]
  A)
  Rs. 56700 done clear
  B)
  Rs. 57600 done clear
  C)
  Rs. 57500 done clear
  D)
  Rs. 55700 done clear
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• question_answer12)
  If the compound interest on a sum for 2 yr at \[12\frac{1}{2}%\] per annum is Rs. 510, the simple interest on the same sum at the same rate for the same period of time is [SSC CGL Tier II, 2014]
  A)
  Rs. 400 done clear
  B)
  Rs. 450 done clear
  C)
  Rs. 460 done clear
  D)
  Rs. 480 done clear
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• question_answer13)
  The compound interest on a certain sum of money for 2 yr at 5% is Rs. 328, then the sum is [SSC CGL Tier II, 2014]
  A)
  Rs. 3000 done clear
  B)
  Rs. 3600 done clear
  C)
  Rs. 3200 done clear
  D)
  Rs. 3400 done clear
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• question_answer14)
  If a sum of money compounded annually becomes 1.44 times of itself in 2 yr, then the rate of interest per annum is
  A)
  25% done clear
  B)
  22% done clear
  C)
  21% done clear
  D)
  20% done clear
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• question_answer15)
  What sum will give Rs. 244 as the difference between simple interest and compound interest at 10% in \[1\frac{1}{2}yr\] compounded half yearly?
  A)
  Rs. 40000 done clear
  B)
  Rs. 36000 done clear
  C)
  Rs. 32000 done clear
  D)
  Rs. 28000 done clear
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• question_answer16)
  The compound interest on Rs. 5000 for 3 yr at 10% per annum will amount to
  A)
  Rs. 1654 done clear
  B)
  Rs. 1655 done clear
  C)
  Rs. 1600 done clear
  D)
  Rs. 1565 done clear
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• question_answer17)
  A sum of Rs. 3200 invested at 10% per annum compounded quarterly amounts to Rs. 3362. Compute the time period.
  A)
  \[\frac{1}{2}yr\] done clear
  B)
  \[1\,yr\] done clear
  C)
  \[2y\] done clear
  D)
  \[\frac{3}{4}y\] done clear
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• question_answer18)
  The ratio of amounts for 3 yr and 2 yr at the fixed rate of interest on a fixed amount is 21 : 20, then rate of interest is
  A)
  7% done clear
  B)
  6% done clear
  C)
  5% done clear
  D)
  4% done clear
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• question_answer19)
  Divide Rs. 15494 between A and B so that A's share at the end of 9 yr may be equal to B's share at the end of 11 yr, compound interest being 20% per annum. Then A's share is
  A)
  Rs. 8000 done clear
  B)
  Rs. 9140 done clear
  C)
  Rs. 9144 done clear
  D)
  Rs. 9414 done clear
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• question_answer20)
  The principal amount which yields a compound interest of Rs. 208 in the second year at 4% is
  A)
  Rs. 5000 done clear
  B)
  Rs. 10000 done clear
  C)
  Rs. 13000 done clear
  D)
  Rs. 6500 done clear
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• question_answer21)
  An amount is invested in a bank at compound rate of interest. The total amount, including interest, after first and third year is Rs. 1200 and Rs. 1587 respectively. What is the rate of interest?
  A)
  10% done clear
  B)
  3.9% done clear
  C)
  12% done clear
  D)
  15% done clear
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• question_answer22)
  The difference between compound and simple rates of interest on Rs. 10000 for 3 yr at 5% per annum is
  A)
  Rs. 76.25 done clear
  B)
  Rs. 76.75 done clear
  C)
  Rs. 76.50 done clear
  D)
  Rs. 76 done clear
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• question_answer23)
  A took two loans altogether for Rs.1200 from B and C, B claimed 14% simple interest per annum, while C claimed 15% per annum. The total interest paid by A in one year was Rs. 172. Then, A borrowed
  A)
  Rs. 800 from C done clear
  B)
  Rs. 625 from C done clear
  C)
  Rs. 400 from B done clear
  D)
  Rs. 800 from B done clear
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• question_answer24)
  If the simple interest on Rs. x at a rate of \[a%\] for m yr is same as that on Rs. y at a rate of \[{{a}^{2}}%\] for \[{{m}^{2}}yr,\] then \[x:y\] is equal to
  A)
  \[m:a\] done clear
  B)
  \[am:1\] done clear
  C)
  \[\frac{1}{m}:\frac{1}{a}\] done clear
  D)
  \[\frac{1}{am}:1\] done clear
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• question_answer25)
  A person has left an amount of Rs. 120000 to be divided between his two sons ages 14 yr and 12 yr such that they get equal amounts when each attains 18 yr of age. If the amount gets a simple interest of 5% per annum, the younger son's share at per cent is
  A)
  Rs. 48800 done clear
  B)
  Rs. 57600 done clear
  C)
  Rs. 62400 done clear
  D)
  Rs. 84400 done clear
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• question_answer26)
  If a sum of money placed at compound interest, compound annually, doubles itself in 5 yr, then the same amount of money will be 8 times of itself in
  A)
  25 yr done clear
  B)
  20 yr done clear
  C)
  15 yr done clear
  D)
  10 yr done clear
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• question_answer27)
  On a certain sum, the simple interest at the end of \[6\frac{1}{4}yr\]becomes \[\frac{3}{8}\] of the sum. The rate of interest is
  A)
  5% done clear
  B)
  6% done clear
  C)
  7% done clear
  D)
  8% done clear
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• question_answer28)
  The simple interest on any amount is \[\frac{2}{9}\] of principal. If number of years is twice the rate of interest, then for how many years that amount was given?
  A)
  2 done clear
  B)
  \[6\frac{2}{3}\] done clear
  C)
  4 done clear
  D)
  None of these done clear
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• question_answer29)
  At which rate of simple interest, the amount Rs. 4200 will be Rs. 6216 in 8 yr?
  A)
  5% done clear
  B)
  3% done clear
  C)
  6% done clear
  D)
  4% done clear
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• question_answer30)
  The simple interest received on any amount is Rs. 1200 for 12 yr. If principal is thrice after 4 yr, then the simple interest in the end of 12 yr, is
  A)
  Rs. 2000 done clear
  B)
  Rs. 2400 done clear
  C)
  Rs. 2600 done clear
  D)
  Rs. 2800 done clear
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• question_answer31)
  Aru lent some money at the rate of simple interest of 6% for 8 yr. He received Rs. 312 less than its principal as a interest. The principal is
  A)
  Rs. 300 done clear
  B)
  Rs. 350 done clear
  C)
  Rs. 600 done clear
  D)
  Rs. 425 done clear
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• question_answer32)
  A part of amount Rs. 10000 was invested at the rate of interest of 8% and remaining at 10% per annum. If average annual interest rate is 9.2%, then these two parts are
  A)
  Rs. 4000, Rs. 6000 done clear
  B)
  Rs. 4500, Rs. 5500 done clear
  C)
  Rs. 5000, Rs. 5000 done clear
  D)
  Rs. 3500, Rs. 6500 done clear
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• question_answer33)
  The difference between compound interest and simple interest on Rs. 8000 at 5% per annum for 3 yr is
  A)
  Rs. 50 done clear
  B)
  Rs. 60 done clear
  C)
  Rs. 61 done clear
  D)
  Rs. 600 done clear
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• question_answer34)
  If the simple interest on a sum of money for 2 yr at 5% per annum is Rs. 50, what will be the compound interest on the same sum at the same rate for the same time?
  A)
  Rs. 51.25 done clear
  B)
  Rs. 52 done clear
  C)
  Rs. 54.25 done clear
  D)
  Rs. 60 done clear
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• question_answer35)
  A sum is invested at compound interest payable annually. The interest in two successive years was Rs. 500 and Rs. 540. The sum is
  A)
  Rs. 3750 done clear
  B)
  Rs. 5000 done clear
  C)
  Rs. 5600 done clear
  D)
  Rs. 6250 done clear
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• question_answer36)
  A sum of money placed at compound interest doubles itself in 5 yr. In how many years, it would amount to 8 times of itself at the same rate of interest?
  A)
  7 yr done clear
  B)
  10 yr done clear
  C)
  15 yr done clear
  D)
  20 yr done clear
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• question_answer37)
  If the rate of interest be 4% per annum for first year, 5% per annum for second year and 6% per annum for third year, then the compound interest of Rs. 10000 for 3 yr will be
  A)
  Rs. 1575.20 done clear
  B)
  Rs.1600 done clear
  C)
  Rs. 1625.80 done clear
  D)
  Rs. 2000 done clear
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• question_answer38)
  A money lender borrows money at 4% per annum and pays interest at the end of the year. He lends it at 6% per annum compound interest compounded half-yearly and receives the interest at the end of the year. Thus, he gains Rs. 104.50 a year. The amount of money he borrows, is
  A)
  Rs. 4500 done clear
  B)
  Rs. 5000 done clear
  C)
  Rs. 5500 done clear
  D)
  Rs. 6000 done clear
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• question_answer39)
  What will be the compound interest obtained on a principal amount of Rs. 5500 at the rate of 3% per annum after 2 yr?
  A)
  Rs. 343.95 done clear
  B)
  Rs. 324.95 done clear
  C)
  Rs. 354.95 done clear
  D)
  Rs. 334.95 done clear
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• question_answer40)
  The population of a town, 2 yr ago was 45000. It increased by 12% in the first year and decreased by 15% in the second year. What was the population of the town at the end of 2 yr?
  A)
  57960 done clear
  B)
  42840 done clear
  C)
  44820 done clear
  D)
  50400 done clear
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• question_answer41)
  A loan of Rs. 12300 at 5% per annum compound interest, is to be repaid in two equal annual instalments at the end of every year. The amount of each instalment is
  A)
  Rs. 6651 done clear
  B)
  Rs. 6615 done clear
  C)
  Rs. 6516 done clear
  D)
  Rs. 6156 done clear
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• question_answer42)
  The compound interest on Rs. 6000 at 10% per annum for \[1\frac{1}{2}yr,\] when the interest being compounded annually, is
  A)
  Rs. 930 done clear
  B)
  Rs. 830 done clear
  C)
  Rs. 950 done clear
  D)
  Rs. 850 done clear
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• question_answer43)
  In what time Rs. 8000 will amount to Rs. 9261 at 10% per annum compound interest, when the interest is compounded half-yearly?
  A)
  \[3\frac{1}{2}yr\] done clear
  B)
  \[1\frac{1}{2}yr\] done clear
  C)
  \[2\frac{1}{2}yr\] done clear
  D)
  \[2\,yr\] done clear
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• question_answer44)
  The compound interest accrued on an amount at the end of 2 yr at the rate of 16% per annum is Rs. 3041.28. What is the amount?
  A)
  Rs. 8000 done clear
  B)
  Rs. 8800 done clear
  C)
  Rs. 9000 done clear
  D)
  Rs. 9900 done clear
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• question_answer45)
  If the interest compounded half-yearly, then what is the amount on Rs. 16000 at the rate of compound interest of 10% for 2 yr?
  A)
  Rs. 19448 done clear
  B)
  Rs. 17243 done clear
  C)
  Rs. 19880 done clear
  D)
  Rs. 18973 done clear
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• question_answer46)
  What will be the amount of Rs. 2560 at the rate of interest of 25% for 6 months, if interest calculated per quarter?
  A)
  Rs. 3320 done clear
  B)
  Rs. 8290 done clear
  C)
  Rs. 2980 done clear
  D)
  Rs. 2890 done clear
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• question_answer47)
  What will be the amount of Rs. 60000 at the rate of interest of 4% for \[1\frac{1}{2}yr,\] if interest is calculated half-yearly?
  A)
  Rs. 63672.48 done clear
  B)
  Rs. 64896 done clear
  C)
  Rs. 6791.84 done clear
  D)
  Rs. 62424 done clear
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