SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - SSC CGL MCQ

# SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - SSC CGL MCQ

Test Description

## 20 Questions MCQ Test - SSC CGL Previous Year Questions: Simple & Compound Interest - 1

SSC CGL Previous Year Questions: Simple & Compound Interest - 1 for SSC CGL 2024 is part of SSC CGL preparation. The SSC CGL Previous Year Questions: Simple & Compound Interest - 1 questions and answers have been prepared according to the SSC CGL exam syllabus.The SSC CGL Previous Year Questions: Simple & Compound Interest - 1 MCQs are made for SSC CGL 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for SSC CGL Previous Year Questions: Simple & Compound Interest - 1 below.
Solutions of SSC CGL Previous Year Questions: Simple & Compound Interest - 1 questions in English are available as part of our course for SSC CGL & SSC CGL Previous Year Questions: Simple & Compound Interest - 1 solutions in Hindi for SSC CGL course. Download more important topics, notes, lectures and mock test series for SSC CGL Exam by signing up for free. Attempt SSC CGL Previous Year Questions: Simple & Compound Interest - 1 | 20 questions in 20 minutes | Mock test for SSC CGL preparation | Free important questions MCQ to study for SSC CGL Exam | Download free PDF with solutions
 1 Crore+ students have signed up on EduRev. Have you?
SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 1

### A sum of  ₹ 1200 is invested at compound interest (compounded half yearly). If the rate of interest is 10% per annum, then what will be the amount after 18 months?    (SSC MTS 2018)

Detailed Solution for SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 1

P = 1200
Time = 18 month for half yearly time becomes twice
= 18 × 2 = 36 month = 3 year
Rate = 10% = 5% = for half yearly
Let the principal = 125

Total amount → 125 + 6.25 + 6.25 + 6.25 + 0.3125 + 0.3125 + 0.3125 + 0.015625
⇒ 144.703125 unit 125 unit → 1200 (given)

SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 2

### A sum of ₹ 10000 is invested in three schemes of simple interest. The annual interest rates are respectively, 4%, 6% and 10%. ₹ 4000 were invested in the first scheme. If the total interest earned after five years is ₹ 2800, then how much money was invested in the third scheme?    (SSC MTS 2018)

Detailed Solution for SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 2

Let the amount invested in third scheme is x then amount invested in second scheme is 1000 – 4000 – x = (6000 – x)

Hence, money invested in third scheme = ₹ 1000.

SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 3

### The difference between compound interest and simple interest on ₹ x at 15% per annum for 2 years is ₹ 9. What is the value of x? (SSC CGL-2018)

Detailed Solution for SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 3

For 2 years,

SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 4

The difference between the compound interest and simple interest on ₹ x at 8% per annum for 2 years is ₹ 19.20. What is the value of x?    (SSC CGL-2018)

Detailed Solution for SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 4

We know that, for time 2 years,
Difference between C.I. & S.I.

SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 5

A borrowed a sum of  ₹ 3,000 from his friend B on 31 December 2007 on the condition that he would return the same after one year with simple interest at 15% per annum. However, A gets into a position of returning the sum on 31 August 2008. How much amount had A to return to B?    (SSC CHSL-2018)

Detailed Solution for SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 5

Rate of interest (r) = 15%
time (t) = 8 months =

SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 6

A sum of ₹ 12,800 is invested partly at 15% per annum and the remaining at 12% per annum simple interest. If the total interest at the end of 3 years is ₹ 5,085, then how much money was invested at 15% per annum?    (SSC Sub. Ins. 2018)

Detailed Solution for SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 6

Let the money invested at 15% p.a. is x.
then amount invested at 12% p.a. is (12800 – x)
ATQ.

SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 7

A sum of ₹ 18,000 is invested for 16 months at 8% per annum compounded half-yearly. What is the percentage gain at the end of 16 months, to the nearest whole number?    (SSC Sub. Ins. 2018)

Detailed Solution for SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 7

SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 8

An amount was lent for two years at the rate of 20% per annum compounding annually. Had the compounding been done half yearly, the interest would have increased by 241. What was the amount (in ₹) lent?    (SSC Sub. Ins. 2017)

Detailed Solution for SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 8

Let sum ₹ = x C.I.
when compounded half yearly

∴ x = 10000
∴ sum = ₹ 10000

SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 9

What is the compound interest (in ₹) on ₹ 12500 at the rate of 12% per annum compounded yearly for 2 years?    (SSC Sub. Ins. 2017)

Detailed Solution for SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 9

Here,
P = 12500, R = 12%, T = 2 years, C.I. = ?

= 15680 – 12500 = 3180
∴ Compound interest = ₹ 3180

SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 10

The simple interest on sum for 5 years is 3/5th of the sum. The rate of interest per annum is:    (SSC MTS 2017)

Detailed Solution for SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 10

Here
Let P = x

T = 5
R = ?
According to question,

∴ The rate of interest per annum 12%

SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 11

A sum of ₹ 400 becomes ₹ 448 at simple interest in 2 years. In how many years will the sum of ₹ 550 amounts to ₹ 682 at the same rate?    (SSC CGL 2017)

Detailed Solution for SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 11

Here,
P = 400
A = 448
T = 2 years
R = ?
∵ A = P + S. I
∴ S. I = A – P
= 448 – 400 = 48

Now P = 550
A = 682
R = 6%
T = ?
∵ S - I = 682 – 550 = 132

SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 12

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 ₹ 64. What is the sum (in ₹)?  (SSC CGL 2017)

Detailed Solution for SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 12

According to question,

SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 13

A certain sum of money triples itself in 5 years at simple interest. In how many years it will be five times?    (SSC CGL 2017)

Detailed Solution for SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 13

Here,
P = x, T = 5, A = 3x
∴ S.I = 3x – x = 2x

Now, P = x
A = 5x
∴ S.I.  = 5x – x = 4x
T = ?

SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 14

A person lent certain sum of money at 5% per annum simple interest and in 15 years the interest amounted to ₹ 250 less than the sum lent. What was the sum lent (in ₹)?    (SSC CGL 2017)

Detailed Solution for SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 14

Let principal = x
Then,
∴ Simple Interest = x – 250
According to question,

100 x – 25000 = 75x
25x = 25000

SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 15

A sum of ₹ x was put at simple interest at a certain rate for 2 years. Had it been put at 3% higher rate, it would have fetched ₹ 300 more. The value of 4x  is    (SSC Sub. Ins. 2016)

Detailed Solution for SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 15

Let the sum be ₹ x & original rate R%, then,

6x = 300 × 100 ⇒ x = 5000
The value of 4x = 4 ×5000 = 20000

SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 16

A sum of money placed at compound interest double itself at 2 years. The year it will take to amount 4 times itself is    (SSC Sub. Ins. 2016)

Detailed Solution for SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 16

Let the sum be ₹ 1 which becomes ₹ 2 after 2 years

Let the sum of ₹ 1 becomes ₹ 4 after 'n' years

n = 4 years

SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 17

Alipta got some amount of money from her father. In how many years will the ratio of the money and the interest obtained from it be 10 : 3 at 6% simple interest per annum?    (SSC CGL 2nd Sit. 2016)

Detailed Solution for SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 17

Let principal = 10x
Interest = 3x

SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 18

What would be the compound interest of ₹ 25000 for 2 yrs. at 5% per annum    (SSC CGL 1st Sit. 2016)

Detailed Solution for SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 18

SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 19

The simple interest on a certain sum of money at the rate of 5% per annum for 8 years is ₹ 840. Rate of interest for which the same amount of interest can be received on the same sum after 5 years is    (SSC CGL 1st Sit. 2016)

Detailed Solution for SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 19

When P = P, R = 5%, T = 8yr, then SI = 840

P = 2100
Case II: When P = 2100, R = ?, T = 5, SI = 840

or R = 8%

SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 20

A certain sum will amount to ₹ 12,100 in 2 years at 10% per annum of compound interest, interest being compounded annually. The sum is:    (SSC CGL 1st Sit. 2016)

Detailed Solution for SSC CGL Previous Year Questions: Simple & Compound Interest - 1 - Question 20

Final rate of interest for two pens

Let principal be P.

P = 100 × 100 = ₹ 10000

Information about SSC CGL Previous Year Questions: Simple & Compound Interest - 1 Page
In this test you can find the Exam questions for SSC CGL Previous Year Questions: Simple & Compound Interest - 1 solved & explained in the simplest way possible. Besides giving Questions and answers for SSC CGL Previous Year Questions: Simple & Compound Interest - 1, EduRev gives you an ample number of Online tests for practice