SSC CGL MAINS MATHS QUIZ

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Question 1:

The difference between compound interest (compounded annually) and simple interest on a certain sum of money at 10% per annum for 2 years is Rs. 40. The sum is ;

Question 2:

A certain sum amounts to ₹ 6655 at 10% p.a. in 3 years. The compound interest on the same sum will amount to ₹ x at 1.5 times the earlier rate in 2 years. If the interest is compounded annually in both cases, what is the value of x ?

Question 3:

What is the compound interest (in Rs.) on a sum of Rs.5,000 for 114 years at 24% per annum, if interest is compounded 5 monthly?

Question 4:

If the simple interest on a sum of money for 3 years at the rate of 10% per annum is ₹ 1500, then what will be the compound interest on the same amount for the same amount of time at the same rate?

Question 5:

Mr. Vinod borrowed Rs. 9000 at 5% per annum compound interest. The compound interest compounded annually for 2 years is:

Question 6:

Mukesh and Karan each invested Rs. 20000 for 5 years at the same rate of interest but Mukesh's investment is compounded annually while karan's investment is charged on simple interest.

Select the correct statement -

(I) Mukesh receive more interest than Karan.

(II) Data is insufficient to calculate the interest.

Question 7:

Arpit lent Rs. 4500 at 20% compound interest per annum for 3 years. What is the difference between the interest earned by him in the 2 nd year only and the interest earned by him in the 3rd year only?

Question 8:

Rs. 2400 becomes Rs. 3000 in 3 years at a certain rate of compound interest. What will be the sum after 6 years?

Question 9:

A certain amount becomes Rs. 5832 in two years and Rs. 6298.56 in three years at compound interest. Find the rate of interest and the amount?

Question 10:

In how many years will a sum of Rs. 800 at 10% per annum compound interest. Compounded semi-annually becomes Rs. 926.10?