SSC GD CONSTABLE MATHS(COMPOUND INTEREST) QUIZ

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Question 1:

A sum of money, compounded annually, doubles itself in 5 years at compound interest. In how many years will it become four times?

Question 2:

A sum of ₹ 8,000 amounts to ₹ 13,824 in 3 years at $R \%$ p.a., interest compounded annually. What will it amount to in $1 \frac{1}{4}$ years at the same rate, if the interest is compounded half-yearly?

Question 3:

Find the compound interest on ₹ 8,000 at $10 \%$ per annum for $1 \frac{1}{2}$ years if the interest is compounded half yearly.

Question 4:

If the compound interest on a certain sum for two years at 10% per annum compounded annually is ₹ 3,360, then what is the sum?

Question 5:

A sum of ₹ 10,000 amounts to ₹ 13,225 in 2 years at a certain rate per cent per annum, when the interest is compounded annually. What will be the interest (in ₹) on the same sum for the same time at the same rate, when the interest is compounded 8-monthly?

Question 6:

If the compound interest on a certain sum of money for two years at 9 % p.a. is ₹ 3,762, then the sum is :

Question 7:

What is the compound interest (in ₹, nearest to a ₹) on a sum of ₹ 8,000 for 2$\frac{1}{8}$ years at the rate of 16% p.a., interest compounded yearly?

Question 8:

The difference between compound interest compounded annually and simple interest on a certain sum at a rate of 15% per annum for 2 years is ₹ 1,944. Find the compound interest compounded annually (in ₹) on the same sum for the same period at a rate of 10% per annum.

Question 9:

Rameshwar deposited a part of ₹ 3,28,000 in a bank in the name of his daughter aged 18 years, and the balance in the name of his son aged 19 years in such a way that they both receive equal amounts when they become 21 years of age. If the bank gives compound interest at 5% per annum, then how much did he invest in the name of his daughter?

Question 10:

Find the compound interest on ₹ 20,000 at 9% per annum for one year and 4 months, compound annually.