SSC CGL Quantitative Aptitude Sample Questions 2016 – Interest

   1.  A sum becomes double in 8 years. Find the rate of simple interest per annum.

(A)        10%

(B)        12.5%

(C)        15%

(D)        20%

    2.  The compound interest on Rs.1800 at 10% per annum for a certain period of time is Rs.378. Find the time (in years).

(A)        3 years

(B)        2.5 years

(C)        2 years

(D)        1.5 years

    3.  The simple interest on Rs.4000 in 3 years at the rate of x% per annum equals the simple interest on Rs.5000 at the rate of 12% per annum in 2 years. What is the value of x?

(A)        10

(B)        6

(C)        8

(D)        9

    4.  A certain amount of money earns Rs.5400 as simple interest in 3 years. If it earns a compound interest of Rs.3762 at the same rate of interest in 2 years. Find the amount of investment.

(A)        Rs.21000

(B)        Rs.16000

(C)        Rs.18000

(D)        Rs.20000

    5.  The difference between the compound interest and the simple interest on a certain sum of money at 20% per annum for 2 years is Rs.480. What is the sum of money?

(A)        Rs.10000

(B)        Rs.12000

(C)        Rs.15000

(D)        Rs.20000

    6.  If the simple interest on a certain sum of money for 3 years at the rate of 10.75% per annum is Rs.19350, what will be the compound interest on the same sum of money for the same period at the rate of 10% per annum?

(A)        Rs.21504.66

(B)        Rs.21405

(C)        Rs.19860

(D)        Rs.20505

Answers:

   1.   (B)

   2.   (C)

   3.   (A)

   4.   (D)

   5.   (B)

   6.   (C)

For our previous sample paper on Profit & Loss questions kindly click on this link:

http://ssc.examsavvy.com/2016/04/ssc-cgl-quantitative-aptitude-sample_19.html