Simple & Compound Interest · SSC CGL previous year questions

Rs. 1500 is lent out at 6% per annum simple interest for 3 years. Find the amount after 3 years.

1. A.1900
2. B.2000
3. C.1600
4. D.1770

A certain sum amounts to Rs. 1,600 in two years and to Rs. 2,000 in three years at compound interest when compounded annually. Find the rate of interest.

1. A.21%
2. B.19%
3. C.25%
4. D.20%

What will the ratio be of the simple interest earned on a given amount at the same interest rate over 6 years compared to that earned over 9 years?

1. A.1:3
2. B.1:4
3. C.2:3
4. D.None of these

A sum amounts to ₹6,600 in 2 years and ₹7,200 in 4 years at simple interest. What is the rate of interest per annum?

1. A.6%
2. B.8%
3. C.5%
4. D.9%

A sum of money doubles itself at compound interest in 15 years. In how many years will it become eight times?

1. A.45
2. B.40
3. C.42
4. D.35

A sum of money becomes three times itself in 3 years at compound interest. What is the rate of interest?

1. A.44.20%
2. B.33.30%
3. C.100%
4. D.88%

A certain sum becomes 4 times itself in 8 years at simple interest. In how many years will it become 12 times itself at the same rate?

1. A.Option 1
2. B.Option 2
3. C.Option 3
4. D.Option 4

A sum of money invested at compound interest amounts to twice itself in 4 years. In how many years will it become 8 times itself?

1. A.12 years
2. B.10 years
3. C.13 years
4. D.15 years

If A, B, and C are three amounts of money such that B is the simple interest on A, and C is the simple interest on B, all for the same time and at the same rate of interest, then which of the following is true?

1. A.Option 1
2. B.Option 2
3. C.Option 3
4. D.Option 4

At what rate of simple interest will ₹2,000 become ₹2,520 in 4 years?

1. A.7.5%
2. B.6.5%
3. C.7.8%
4. D.6.8%

A sum becomes 2.5 times of itself in 5 years under simple interest. In how many years will it become 5 times itself at the same rate?

1. A.Option 1
2. B.Option 2
3. C.Option 3
4. D.Option 4

Reena borrowed Rs. 1200 at simple interest for a number of years equal to the rate of interest. At the end of the loan term, she paid Rs. 432 in interest. What was the interest rate?

1. A.6%
2. B.7%
3. C.8%
4. D.9%

Rs. 900 is lent at a certain rate of simple interest. After 9 months, another Rs. 600 is lent at a rate that is 1.5 times the original rate. If the total simple interest after 1 year is Rs. 72, find the original rate.

1. A.6.4%
2. B.4.5%
3. C.8.2%
4. D.5.6%

If ₹5000 amounts to ₹6050 over 2 years with compound interest, what is the annual interest rate?

1. A.10%
2. B.9%
3. C.8%
4. D.11%

A sum becomes 4 times its original value in 6 years under compound interest. In how many years will it become 16 times of the original amount?

1. A.9 years
2. B.12 years
3. C.15 years
4. D.18 years

If the amount at the end of the 2nd year and 3rd year on a certain principal at compound interest is ₹12,000 and ₹13,200 respectively, find the rate of interest per annum.

1. A.8%
2. B.7%
3. C.10%
4. D.5%

A certain amount grows to ₹6,400 in 2 years and ₹7,040 in 3 years. Determine the interest rate.

1. A.10%
2. B.9%
3. C.8%
4. D.11%

An amount is said to double in 5 years with compound interest. How many years will it take for the amount to grow to 8 times its original value?

1. A.15
2. B.16
3. C.17
4. D.18

A sum becomes ₹6,600 in 2 years and ₹7,920 in 3 years at compound interest. What is the original principal?

1. A.₹4,000.33
2. B.₹5,583.33
3. C.₹4,583.33
4. D.₹6,583.33

If ₹1,875 becomes ₹2,625 in 4 years, what will ₹24,000 become at the end of 9 years at the same rate of interest, under simple interest?

1. A.₹43,200
2. B.₹21,600
3. C.₹45,600
4. D.₹34,800

The simple interest on a sum for 6 years is three-fifth of the sum. The rate of interest per annum is:

1. A.3%
2. B.7%
3. C.10%
4. D.5%

A cell phone is available for Rs.600 or for Rs.300 cash down payment together with Rs.360 to be paid after two months. Find the rate of interest charged under this scheme.

1. A.60%
2. B.20%
3. C.120%
4. D.50%

A sum of ₹1,456, when invested for ten years, amounts to ₹2,366 on maturity. Find the rate of simple interest per annum that was to be paid on the sum invested.

1. A.5.75%
2. B.6.25%
3. C.6.15%
4. D.6.5%

The following table shows the expenditures (in thousands of rupees) of a company in different categories from 2015 to 2019. Year Salary Fuel and Transport Bonus Interest on loans Taxes 2015 288 98 3 23.4 83 2016 343 112 2.52 32.5 108 2017 324 101 3.84 41.6 74 2018 336 133 3.68 36.4 88 2019 420 142 3.96 49.6 98 What is the average amount (in ₹) paid by the company on fuel and transport per year from 2015 to 2019?

1. A.1,15,200
2. B.1,17,200
3. C.1,16,500
4. D.1,18,200

What is the rate of interest per annum for simple interest at which ₹1,040 amounts to ₹1,230 in years?

1. A.Option 1
2. B.Option 2
3. C.Option 3
4. D.Option 4