SSC CGL MATHS QUIZ

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Question 1:

Shyamlal lent some amount at simple interest. He adds interest every six months to calculate the principal amount. If he is charging an interest of 5%, then the effective annual rate of interest (corrected to two decimal places) will be ?

Question 2:

A loan is to be returned in two equal annual instalments. If the rate of interest is $10 \%$ p.a., compounded yearly, and each instalment is ₹ 3,872, then the total interest charged in this instalment scheme is:

Question 3:

A person invested a certain sum at a rate of $5 \%$ per annum on simple interest (SI) for 2 years, while another person invested the same sum for the same period at a compound interest rate of $4 \%$ per annum. The interest at the SI rate is ₹ $184.00$ more than that at the compound interest rate. The sum invested is:

Question 4:

Find the compound interest on a sum of ₹ 9,500,  at an interest rate of $8\%$ in 2 years, compounded half yearly  (correct to two decimal places).

Question 5:

What will be the difference (in Rs) between the compound interest and simple interest on 8000 for 2 years at the rate of $2.5 \%$ per annum?

Question 6:

When the interest is compounded every 8 months, a certain sum of money becomes ₹ 23,958 in 2 years at 15% per annum interest. If the interest is compounded annually, how much will the same amount become at 12% p.a. in the same amount of time? (closest to ₹1)

Question 7:

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

Question 8:

₹ 16,000 is lent out for 2 years at 20% compound interest per annum. If the interest had been compounded half yearly instead of compounded annually, then ₹ x more would have been earned as interest. What is the value of x ?

Question 9:

If the compound interest on a certain sum for 2 years at 4 % per annum is ₹ 1530. What would be the simple interest on the same sum for the same period and at the same rate?

Question 10:

What is the difference between the compound interest on ₹ 3,000 for 1 year at $5 \%$ per annum compounded yearly and that compounded half-yearly?