Most Exclusive Questions on Compound Interest for SSC CGL Tier-II Exam. As you know, SSC CGL Tier-II exam is going to be held across India from 11-13th September. You all must be busy in your preparation for the D-Day. From Compound Interest & Simple Interest you can expect around 5-6 questions from this topic in your exam. To help you in your preparation, we have selected some exclusive questions on Compound Interest that will act as an icing on the cake. We have also provided a detailed solution below each question to help you with the method or approach.
Most Exclusive Questions on Compound Interest for SSC CGL Tier-II Exam
1. There is 40% increase in an amount in 8 years at simple interest. What will be the compound interest of Rs. 20000 after 3 years at the same rate?
A. Rs 3152.5B. Rs 6305
C. Rs 7881.25
D. Rs 4728.75
2.Rajeev invested Rs 4800 for 2 years at compound interest in a company which paid him interest of Rs 2112 . What will be the rate of interest (in percent) at which Rajeev invested his money?
A. 10B. 15
C. 20
D. 18
r = 20
3.What annual payment will discharge a debt of Rs. 580 in 5 years, the rate of simple interest being 8% p.a.?
A. 120B. 100
C. 80
D. 78
4.The compound interest on ₹ 30,000 at 7% per annum for a certain time is ₹ 4,347. The time is
A. 3 yearsB. 4 years
C. 2 years
D. 2.5 years
5.Find the annual instalment at which, a sum of Rs. 66200 can be paid back in 3 equal instalments at 10% per annum compounded annually.
A. Rs. 26620B. Rs. 28720
C. Rs. 29760
D. Rs. 25640
6.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?
A. 14.4B. 12.4
C. 10.4
D. 16.4
7.A scooty is sold by an automobile agency for Rs 19200 cash or for Rs 4800 cash down payment together with five equal monthly installments. If the rate of interest charged by the company is 12 % per annum , then find each installment.
A. Rs 2964.70B. Rs 2900
C. Rs 2896.50
D. Rs 1200
Balance of the price to be paid through installments
19200 – 4800= 14400
Formula :
Where A =
⇒
⇒ 15120 = 5x +
⇒ x= Rs 2964.70
8.Himanshu is a mediator. He borrows some money from his friend at 3% per annum interest payable yearly and lends it immediately to one of his client at 5% per annum compound interest (compounded half-yearly) and thereby gains Rs. 660 at the end of the year. The sum borrowed is
A. Rs. 34000B. Rs. 33000
C. Rs. 32500
D. Rs. 32000
9.If a person invests a certain amount of money in a fixed deposit scheme offering 12% per annum compound interest for the 1st year and 15% per annum for the 2nd year and receives an amount of Rs.15456 after two years. What is the amount invested?
A. 14000B. 11435
C. 11500
D. 12000
10.If the amount received at the end of 2nd and r3rd year at compound interest on a certain principal is Rs 9,600 and Rs 10,272 respectively, what is the rate of interest (in%)?
A. 7B. 8
C. 6
D. 5
SSC CGL 2018 Tier II FREE Mock Test: Attempt Now
After receiving many requests from the CGL aspirants, we have decided to re-open the course sale at a discounted price. The offer on the SSC CGL Tier-II overall Course has been extended until 11th September 2019. You can reap the fruit of success by enrolling in the course. Enrol now and make each day count with BYJU'S Exam Prep.
BYJU'S Exam Prep Classroom Presents SSC CGL Tier II Course: Enrol Now
BYJU'S Exam Prep today to score better
Comments
write a comment