SSC Interest Questions with Answers

Interest

An excellent collection of SSC Interest questions and answers with detailed explanations for competitive exams. Given below are some of the most repeated practice questions on Simple and Compound Interest for SSC CGL, CHSL, JE, GD constable, Stenographer, MTS, and CPO exams. Go through this very important online quiz based on model and previous year asked questions from SSC Interest with solutions to ace the exam.

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Instructions

For the following questions answer them individually

Question 1

The difference between simple interest and compound interest of a certain sum of money at 20% per annum for 2 years is Rs. 48. Then the sum is

Question 2

What annual payment will discharge a debt of Rs. 6,450 due in 4 years at 5% per annum simple interest ?

Question 3

A sum of money lent out at simple interest amounts to Rs. 720 after 2 years and Rs. 1020 after a further period of 5 years. Find the principal.

Question 4

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 12% per annum is Rs 900. What is the value of given sum (in Rs)?

Question 5

Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs 1200 for 2 years at 10% per annum. The sum placed on simple interest is

Question 6

On a certain Principal if the Simple interest for two years is Rs 4800 and Compound interest for the two years is Rs 5088, what is the rate of Interest?

Question 7

The simple interest on a sum of money is $$\frac{1}{9}$$ of the principal and the number of years is equal to rate per cent annum. The rate per annum is

Question 8

If the compound interest on a certain sum for two years at 12% per annum is 2,544, the simple interest on it at the same rate for 2 years will be

Question 9

The time in which 80,000 ambunts to 92,610 at 10% p.a. at compound interest, interest being compounded semi annually is :

Question 10

A certain sum of money will be doubled in 15 years at the rate of simple interest percent per annum

Question 11

There is 100% increase to an amount in 8 years, at simple interest. Find the compound interest of Rs. 8000 after 2 years at the same rate of interest.

Question 12

The simple interest on Rs. 4000 in 3 yr at the rate of $$x%$$ per annum equals to the simple interest on Rs. 5000 at the rate of 12% per annum in 2 yr. The value of $$x$$ is

Question 13

A bank offers 10% compound interest per half year. A customer deposits Rs. 3600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is.

Question 14

A sum of money at compound interest doubles itself in 15 years. It will become eight times of itself in?

Question 15

At what rate per cent per annum will a sum of Rs. 1,000 amount to Rs. 1,102.50 in 2 years at compound interest ?

Question 16

A person takes a loan of Rs. 10,0000 partly from a bank at 8% p.a. and remaining from another bank at 10% p.a. He pays a total interest of Rs. 950 per annum. Amount of loan taken from the first bank (in Rs.) is

Question 17

Simple interest on a certain sum for 6 years is 9/25 of the sum. The rate of interest is

Question 18

The difference between the compound interest and simple interest for the amount Rs. 5,000 in 2 years is Rs.32. The rate of interest is

Question 19

A sum of Rs. 12,000 deposited at compound interest becomes double after 5 years. After 20 years, it will become

Question 20

There is 75% increase in an amount in 5 years at simple interest. What will be the compound interest of Rs 40000 after 2 years at the same rate?

Question 21

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 18% per annum is Rs 81. The sum is ...................

Question 22

A sum of money at compound interest will amount to 650 at the end of the first year and 676 at the end of the second year. The amount of money is

Question 23

A sum of money lent at compound interest for 2 years at 20% per annum would fetch Rs. 482 more, if the interest was payable half yearly than if it was payable annually. The sum is

Question 24

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?

Question 25

If Rs. 5,000 becomes Rs. 5,700 in a year’s time, what will Rs. 7,000 become at the end of 5 years at the same rate of simple interest ?

Question 26

800 becomes 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will 1’ 800 become in 3 years ?

Question 27

If the compound interest on a certain sum for two years at 12% per annum is 2,544, the simple interest on it at the same rate for 2 years will be

Question 28

The simple interest on a sum for 5 years is one fourth of the sum. The rate of interest per annum is

Question 29

The difference between the compound interest and simple interest on a certain sum for 2 years at 10% per annum is 300. Find the sum.

Question 30

The value of a machine depreciates every year by 10%. If its present value is 50,000 then the value of the machine after 2 years is

Question 31

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)?

Question 32

Prabhat took a certain amount as a loan from a bank at the rate of 8% p.a. simple interest and gave the same amount to Ashish as a loan at the rate of 12% p. a. If at the end of 12 years, he made a profit of 960 in the deal, then the original amount was:

Question 33

The compound interest on a certain sum of money at a certain rate per annum for two years is 2,050, and the simple interest on the same amount of money at the same rate for 3 years is 3, 000. Then the sum of money is

Question 34

Which of the following successive discounts is better to a customer
(a) 20%, 15%. 10% or
(b) 25%, 12%, 8% ?

Question 35

The compound interest on =1,800 at 10% per annum for a certain period of time is 378. Find the time in years.

Question 36

The compound interest on a certain sum of money for 2 years at 5% per annum is 410. The simple interest on the same sum at the same rate and for the same time is

Question 37

If ratio of principal and simple interest for 1 year is 25 : 1, then the rate of interest is

Question 38

The rate of simple interest at which a sum of money becomes three times in 25 years is :

Question 39

A sum of money placed at compound interest doubles itself in 4 years. In how many years will it amount to four times itself ?

Question 40

Simple interest on a certain sum is 16/25 of the sum. The rate percent if the rate per cent and time (in years) are equal, is

Question 41

The difference between the compound interest and simple interest on 10,000 for 2 years is 25. The rate of interest per annum is

Question 42

In certain years a sum of money is doubled to itself at 6 1/4 % simple interest per annum, then the required time will be

Question 43

If the difference between S.I. and C.I. for 2 years on a sum of money lent at 5% is 6, then the sum is

Question 44

In what time will 8,000, at 3% per annum, produce the same interest as 6, 000 does in 5 years at 4 % simple interest ?

Question 45

A man borrows Rs. 21000 at 10% compound interest. How much he has to pay equally at the end of each year, to settle his loan in two years ?

Question 46

A shopkeeper marks the price of an article at 80. What will be the selling price, if he allows two successive discounts at 5% each ?

Question 47

A certain sum of money will be doubled in 15 years at what rate of simple interest percent per annum?


Question 48

The interest on a certain sum of money is Rs. 22 and the true discount on the same sum for the same time and at the same rate is Rs. 20, Find the sum.

Question 49

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 9% per annum is Rs 405. The sum is .

Question 50

If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 25088, and Rs 28098.56 respectively, what is the rate of interest?

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