SSC Mathematics Topic Wise Solved Papers – Simple Interest & Compound Interest

SSC Mathematics Topic Wise Solved Papers – Simple Interest & Compound Interest

SSC Mathematics Previous Year Question Papers English Reasoning General Awareness

1.A sum of money at compound interest doubles itself in 15 years. It will become eight times of itself in (SSC CGL 1st Sit. 2010)
(a) 45 years
(b) 48 years
(c) 54 years
(d) 60 years

2.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? (SSC CGL 1st Sit. 2010)
(a) 5
(b) 5.5
(c) 6
(d) 6.5

3.What annual payment will discharge a debt of Rs 6,450 due in 4 years at 5% per annum simple interest ? (SSC CGL 1st Sit. 2010)
(a) Rs 1,400
(b) Rs 1,500
(c) Rs 1,550
(d) Rs 1,600

4.In how many years will a sum of Rs 800 at 10% per annum compound interest, compounded semi-annually becomes Rs 926.10?(SSC CGL 2nd Sit. 2010)
(a)1 1/2
(b)1 2/3
(c)2 1/3
(d)2 1/2

5. In how many years will a sum of money double itself at 6 1/4 % simple interest per annum ?(SSC CGL 2nd Sit. 2010)
(a) 24
(b) 20
(c) 16
(d) 12

6. A sum of Rs 12,000, deposited at compound interest becomes double after 5 years. How much will it be after 20 years ? (SSC CGL 2nd Sit. 2010)
(a) Rs 1,44,000
(b) Rs 1,20,000
(c) Rs 1,50,000
(d) Rs 1,92,000

7. A sum of money placed at compound interest doubles itself in 4 years. In how many years will it amount to four times itself ?(SSC CGL 1st Sit. 2011)
(a) 12 years
(b) 13 years
(c) 8 years
(d) 16 years

8. The simple interest on a sum for 5 years is one fourth of the sum. The rate of interest per annum is (SSC CGL 1st Sit. 2011)
(a) 5%
(b) 6%
(c) 4%
(d) 8%

9. The difference between the compound interest and simple interest on Rs 10,000 for 2 years is Rs 25. The rate of interest per annum is (SSC CGL 2nd Sit. 2011)
(a) 5%
(b) 7%
(c) 10%
(d) 12%

10. A sum of Rs 12,000 deposited at compound interest becomes double after 5 years. After 20 years, it will become (SSC CGL 2nd Sit. 2011)
(a)Rs 48,000
(b)Rs 96,000
(c)Rs 1,90,000
(d)Rs 1,92,000

11.Simple interest on a certain sum for 6 years is 9/25 of the sum. The rate of interest is (SSC CGL 2nd Sit. 2011)
(a) 6 %
(b) 6 1/2%
(c) 8 %
(d) 8 1/2%

12.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 (SSC CGL 2nd Sit. 2011)
(a) 5%
(b) 8%
(c)10%
(d)12%

13.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? (SSC CGL 1st Sit. 2012)
(a) Rs 10,500
(b) Rs 11,900
(c) Rs 12,700
(d) Rs 7,700

14.Prabhat look 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 Rs 960 in the deal, then the original amount was: (SSC CGL 1st Sit. 2012)
(a) Rs 3356
(b) Rs 1000
(c) Rs 2000
(d) Rs 3000

15.A person takes a loan of Rs 10,000 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 (SSC CGL 1st Sit. 2012)
(a) 2500
(b) 5200
(c) 2050
(d) 5020

16.The difference between C. I. (Compound Interest) and S.I. (Simple Interest) on a sum of Rs 4,000 for 2 years at 5% p.a. payable yearly is (SSC CGL 2nd Sit. 2012)
(a) Rs 20
(b) Rs 10
(c) Rs 50
(d) Rs60

17.A principal of Rs 10,000, after 2 years compounded annually, the rate of interest being 10% per annum during the first year and 12% per annum during the second year (in rupees) will amount to: (SSC CHSL 2012)
(a) 12,000
(b) 12,320
(c) 12,500
(d) 11320

18. The difference between the interests received from two different banks on Rs 500 for 2 years is Rs 2.50. The difference between their rates is: (SSC CHSL 2012)
(a) 0.5%
(b) 2.5%
(c) 0.25%
(d) 1%

19. A sum becomes Rs 2,916 in 2 years at 8% per annum compound interest. The simple interest at 9% per annum for 3 years on the same amount will be (SSC CHSL 2013)
(a) Rs 625
(b) Rs 600
(c) Rs 675
(d) Rs 650

20. A sum of money becomes 1.331 times in 3 years as compound interest. The rate of interest is (SSC Multitasking 2013)
(a) 50%
(b) 8%
(c) 7.5%
(d) 10%

21. A person deposited Rs 500 for 4 years and Rs 600 for 3 years at the same rate of simple interest in a bank. Altogether he received Rs 190 as interest. The rate of simple interest per annum was (SSC Multitasking 2013)
(a) 3%
(b) 4%
(c) 5%
(d) 2%

22. A sum of money placed at compound interest doubles itself in 5 years. It will amount to eight times of itself in : (SSC Sub. Ins. 2013)
(a) 15 years
(b) 12 years
(c) 10 years
(d) 20 years

23. The value of a machine depreciates every year by 10%. if its present value is Rs 50,000 then the value of the machine after 2 years is___ (SSC CGL 1st Sit. 2013)
(a) Rs 40,500
(b) Rs 40,050
(c) Rs 45,000
(d) Rs 40,005

24. The time in which Rs 80,000 amounts to Rs 92,610 at 10%p.a. at compound interest, interest being compounded semi annually is: (SSC CGL 1st Sit. 2013)
(a)3 years
(b)1 1/2 years
(c)2 years
(d)2 1/2 years

25. 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. (SSC CGL 1st Sit. 2013)
(a) Rs 220
(b) Rs 200
(c) Rs 210
(d) Rs 212

26. 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. (SSC CGL 1st Sit. 2013)
(a) Rs 2500
(b) Rs 2000
(c) Rs 2250
(d) Rs 2125

27. The simple interest an Rs 4,000 in 3 years at the rate of x% per annum equals the simple interest on Rs 5,000 at the rate of 12% per annum in 2 years. The value of x is (SSC CGL 2nd Sit. 2013)
(a) 8%
(b) 9%
(c) 10%
(d) 6%

28. Two equal sums were borrowed at 8% simple interest per annum for 2 years and 3 years respectively. The difference in the interest was Rs 56. The sums borrowed were (SSC CGL 2nd Sit. 2013)
(a) Rs 800
(b) Rs 700
(c) Rs 560
(d) Rs 350

29. If the compound interest on a certain sum for two years at 12% per annum is Rs 2,544, the simple interest on it at the same rate for 2 years will be (SSC CGL 2nd Sit. 2013)
(a) Rs 2,400
(b) Rs 2,500
(c) Rs 2,480
(d) Rs 2.440

30. X borrowed some money from a source at 8% simple interest and lent it to Y at 12% simple interest on the same day and gained Rs 4,800 after 3 years. The amount X borrowed, in Rs, is (SSC Multitasking 2014)
(a) 42,000
(b) 60,000
(c) 1,20,000
(d) 40,000

31. A man borrowed some money from a private organization at 5% simple interest per annum. He lended 50% of this money to another person at 10% compound interest per annum and thereby the man made a profit of Rs 3205 in 4 years. The man borrowed (SSC CGL 2nd Sit. 2014)
(a) Rs 80,000
(b) Rs 1,00,000
(c) Rs 1,20,000
(d) Rs 1,50,000

32. Ram borrows a certain sum of money at 8% per annum simple interest and Rahim borrows Rs 2,000 at 5% per annum simple interest. If the interest at the end of 3 years is equal, then the amount borrowed by Ram is (SSC Multitasking 2014)
(a) Rs 1,250
(b) Rs 1,500
(c) Rs 2,000
(d) Rs 1,000

33. A sum amounts double in 8 years by simple interest. Then the rate of simple interest p.a. is (SSC Sub. Ins. 2014)
(a) 10%
(b) 12.5%
(c) 15%
(d) 20%

34. Rekha invested a sum of Rs 12000 at 5% per annum compound interest. She received an amount of Rs 13230 after n years. Find n. (SSC Sub. Ins. 2014)
(a) 2.8 years
(b) 3.0years
(c) 2.3 years
(d) 2.0 years

35. The population of a village increases by 5% annually. If its present population is 4410, then its population 2 years ago was (SSC CHSL 2014)
(a) 4500
(b) 4000
(c) 3800
(d) 3500

36. A sum of Rs 210 was taken as a loan. This is to be paid back in two equal installments. If the rate of interest be 10% compounded annually, then the value of each installment is (SSC CHSL 2014)
(a) Rs 127
(b) Rs 121
(c) Rs 210
(d) Rs 225

37. A certain amount of money earns Rs 540 as Simple Interest in 3 years. If it earns a Compound Interest of Rs 376.20 at the same rate of interest in 2 years, find the amount, (in rupees) (SSC Sub. Ins. 2015)
(a) 2100
(b) 1600
(c) 1800
(d) 2000

38.The compound interest on Rs 12000 for 9 months at 20% per annum, interest being compounded quarterly is: (SSC CHSL 2015)
(a) Rs 1750
(b) Rs 1891.10
(c) Rs 2136.40
(d) Rs 2089.70

39.The income of a company increases 20% per annum. If its income is Rs 26,64,000 in the year 2012, then its income in the year 2010 was: (SSC CHSL 2015)
(a) Rs 28,20,000
(b) Rs 28,55„000
(c) Rs 18,50,000
(d) Rs 21,20,000

40.The population of a town increases by 5% every year. If the present population is 9261, the population 3 years ago was (SSC CGL 1st Sit. 2015)
(a) 5700
(b) 6000
(c) 7500
(d) 8000

41.In certain years a sum of money is doubled itself at 6 1/4 % simple interest per annum, then the required time will be (SSC CGL 1st Sit. 2015)
(a)12 1/2 years
(b)8 years
(c)10 2/3 years
(d)16 years

42.A certain sum will amount to Rs 12,100 in 2 years at 10% per annum of compound interest, interest being compounded annually. The sum is: (SSC CGL 1st Sit. 2016)
(a) Rs 12000
(b) Rs 6000
(c) Rs 8000
(d) Rs 10000

43.The simple interest on a certain sum of money at the rate of 5% per annum for 8 years is Rs. 840. Rate of interest for which the same amount of interest can be received on the same sum after 5 years is (SSC CGL 1st Sit. 2016)
(a) 7%
(b) 8%
(c) 9%
(d) 10%

44.What would be the compound interest of Rs 25000 for 2 yrs. at 5% per annum (SSC CGL 1st Sit. 2016)
(a) 2500
(b) 2562.5
(c) 2425.25
(d) 5512.5

45.Alipta got some amount of money from her father. In how many years will the ratio of the money and the interest obtained from it be 10:3 at 6% simple interest per annum? (SSC CGL 2nd Sit. 2016)
(a) 7 years
(b) 3 years
(c) 5 years
(d) 4 years

46.A sum of money placed at compound interest double itself at 2 years. The year it will take to amount 4 times itself is (SSC Sub. Ins. 2016)
(a) 6
(b) 4
(c) 8
(d) 3

47.A sum of Rs x was put at simple interest at a certain rate for 2 years. Had it been put at 3% higher rate, it would have fetched Rs 300 more. The value of 4x is (SSC Sub. Ins. 2016)
(a) Rs 16,000
(b) Rs 20,000
(c) Rs 36,000
(d) Rs 24,000

48.A person lent certain sum of money at 5% per annum simple interest and in 15 years the interest amounted to Rs 250 less than the sum lent. What was the sum lent (in Rs)? (SSC CGL 2017)
(a) 1000
(b) 1500
(c) 2400
(d) 3000

49.A certain sum of money triples itself in 5 years at simple interest. In how many years it will be five times? (SSC CGL 2017)
(a) 5
(b) 8
(c) 10
(d) 15

50.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)? (SSC CGL 2017)
(a) 40000
(b) 42000
(c) 44000
(d) 44800

51.A sum of Rs 400 becomes Rs 448 at simple interest in 2 years. In how many years will the sum of Rs 550 amounts to Rs 682 at the same rate? (SSC CGL 2017)
(a) 2
(b) 3
(c) 3.5
(d) 4

52.The simple interest on sum for 5 years is 3/5 th of the sum. The rate of interest per annum is: (SSC MTS 2017)
(a)12 1/2%
(b)10 %
(c)12%
(d)8%

53.What is the compound interest (in Rs) on Rs 12500 at the rate of 12% per annum compounded yearly for 2 years? (SSC Sub. Ins. 2017)
(a) 3000
(b) 2980
(c) 3050
(d) 3180

54.An amount was lent for two years at the rate of 20% per annum compounding annually. Had the compounding been done half yearly, the interest would have increased by 241. What was the amount (in Rs) lent? (SSC Sub. Ins. 2017)
(a)10000
(b)12000
(c)20000
(d)24000

Hints & Solutions