SSC Multi Tasking (Non-Technical) Staff 2021 MCQ – Numerical Aptitude – Simple & Compound Interest

Interest is defined as the cost of borrowing money as in the case of interest charged on a loan balance. Conversely, interest can also be the rate paid for money on deposit as in the case of a certificate of deposit. Interest can be calculated in two ways, simple interest or compound interest.

Simple interest is calculated on the principal, or original, amount of a loan.
Compound interest is calculated on the principal amount and also on the accumulated interest of previous periods, and can thus be regarded as “interest on interest.”

SSC Multi Tasking (Non-Technical) Staff 2021 MCQ – Numerical Aptitude – Simple & Compound Interest Set A

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SSC Multi Tasking (Non-Technical) Staff 2021 MCQ - Numerical Aptitude - Simple & Compound Interest Set A

1 / 10

A sum was put at a certain rate for 3 yr. Had it been put at 4% high rate, it would have fetched Rs 600 more. The sum was

2 / 10

The RBI lends a certain amount to the SBI on simple interest for two years at 20%. The SBI gives this entire amount to Bharti Telecom on compound interest for two years at the same rate annually. Find the percentage earning of the SBI at the end of two years on the entire amount

3 / 10

At what rate of interest per annum will a sum becomes 5 times in 20 yr at SI ?

4 / 10

At what percent will the compound interest, does a sum of money become 27 times in 3 yr ?

5 / 10

Michael Bolton has $90,000 with him. He purchases a car, a laptop and a flat for $15,000, $13,000 and $35,000 respectively and puts the remaining money in a bank deposit that pays compound interest @15% per annum. After 2 years, he sells off the three items at 80% of their original price and also withdraws his entire money from the bank by closing the account. What is the total change in his asset?

6 / 10

The simple interest on a certain sum of money for 3 yr at 5 percent is Rs 1324.05. What is the simple interest ?

7 / 10

A sum of money placed at compound interest thrice itself in 4 yr. In how many years will it amount to 27 times itself ?

8 / 10

If the simple interest on Rs 1500 increases by Rs 30, when the time increases by 8 yr. The arte precent per annum is

9 / 10

A borrowed Rs 5000 from B at simple interest. After 4 yr, B received Rs 1000 more than the amount given to B on loan. The rate of interest was

10 / 10

The simple interest on a sum of money is equal to the principle and the number of year is equal to the rate percent per annum. The rate percent is

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SSC Multi Tasking (Non-Technical) Staff 2021 MCQ – Numerical Aptitude – Simple & Compound Interest Set B

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SSC Multi Tasking (Non-Technical) Staff 2021 MCQ - Numerical Aptitude - Simple & Compound Interest Set B

1 / 10

A sum of money placed at compound interest thrice itself in 4 yr. In how many years will it amount to 27 times itself ?

2 / 10

The simple interest on a certain sum of money for 3 yr at 5 percent is Rs 1324.05. What is the simple interest ?

3 / 10

Michael Bolton has $90,000 with him. He purchases a car, a laptop and a flat for $15,000, $13,000 and $35,000 respectively and puts the remaining money in a bank deposit that pays compound interest @15% per annum. After 2 years, he sells off the three items at 80% of their original price and also withdraws his entire money from the bank by closing the account. What is the total change in his asset?

4 / 10

A borrowed Rs 5000 from B at simple interest. After 4 yr, B received Rs 1000 more than the amount given to B on loan. The rate of interest was

5 / 10

The simple interest on a sum of money is equal to the principle and the number of year is equal to the rate percent per annum. The rate percent is

6 / 10

Seema invested an amount of Rs 16000 for two years at compound interest and received an amount of Rs 17640 on maturity. What is the rate of interest ?

7 / 10

A sum of money invested at simple interest triples itself in 8 years at simple interest. Find in how many years will it become 8 times itself at the same rate?

8 / 10

If the CI on a certain sum for 2 yr at 4% be Rs 510, What would be the SI ?

9 / 10

Anish borrowed Rs 15000 at the rate of 12% and another amount at the rate of 15% for two yr. The total interest paid by him was Rs 9000. How much did he borrow ?

10 / 10

A sum of money amounts to Rs 6690 after 3 yr and to Rs 10035 after 6 yr on compound interest. The sum is

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SSC Multi Tasking (Non-Technical) Staff 2021 MCQ – Numerical Aptitude – Simple & Compound Interest Set C

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SSC Multi Tasking (Non-Technical) Staff 2021 MCQ - Numerical Aptitude - Simple & Compound Interest Set C

1 / 10

Seema invested an amount of Rs 16000 for two years at compound interest and received an amount of Rs 17640 on maturity. What is the rate of interest ?

2 / 10

A sum of money invested at simple interest triples itself in 8 years at simple interest. Find in how many years will it become 8 times itself at the same rate?

3 / 10

If the CI on a certain sum for 2 yr at 4% be Rs 510, What would be the SI ?

4 / 10

Anish borrowed Rs 15000 at the rate of 12% and another amount at the rate of 15% for two yr. The total interest paid by him was Rs 9000. How much did he borrow ?

5 / 10

A sum of money amounts to Rs 6690 after 3 yr and to Rs 10035 after 6 yr on compound interest. The sum is

6 / 10

A sum was put at a certain rate for 3 yr. Had it been put at 4% high rate, it would have fetched Rs 600 more. The sum was

7 / 10

The RBI lends a certain amount to the SBI on simple interest for two years at 20%. The SBI gives this entire amount to Bharti Telecom on compound interest for two years at the same rate annually. Find the percentage earning of the SBI at the end of two years on the entire amount

8 / 10

At what rate of interest per annum will a sum becomes 5 times in 20 yr at SI ?

9 / 10

At what percent will the compound interest, does a sum of money become 27 times in 3 yr ?

10 / 10

If the simple interest on Rs 1500 increases by Rs 30, when the time increases by 8 yr. The arte precent per annum is

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SSC Multi Tasking (Non-Technical) Staff 2021 MCQ – Numerical Aptitude – Simple & Compound Interest Set D

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SSC Multi Tasking (Non-Technical) Staff 2021 MCQ - Numerical Aptitude - Simple & Compound Interest Set D

1 / 13

What is the amount of equal instalment, if a sum of Rs 1428 due 2 years hence has to be completely repaid in 2 equal annual instalments starting next year.

2 / 13

A difference between the interest received from two different banks on Rs 400 for 2 years is Rs 4. What is the difference between their rates?

3 / 13

A sum of money is borrowed and paid back in two equal annual instalments of ` 882, allowing 5% compound interest. The sum borrowed was

4 / 13

After how many years will a sum of Rs 12,500 become Rs 17,500 at the rate of 10% per annum?

5 / 13

Sundaran invested an amount of Rs 10000 at compound interest rate of 10 percent per annum for a period of 3 yr. How much will he get after 3 yr ?

6 / 13

A certain sum is invested for certain time, it amounts to Rs 450 at 7% per annum. Bt when invested at 5% per annum, It amounts to Rs 350. The time is

7 / 13

The compound interest on Rs 350 for 1 yr at 4% per annum, the interest being payble half yearly, will be

8 / 13

The simple interest on a certain sum of money for 2 yr at 6% per annum is Rs 300. The compound interest at the same rate for the same time will be

9 / 13

A certain sum of money amounts to Rs 1125 in 5 yr and to Rs 1200 in 8 yr. The sum is

10 / 13

A sum of money doubles itself at compound interest in 15 yr. In how many years will it becomes eight times ?

11 / 13

In what time does a sum of money becomes four times at the simple interest rate of 10% per annum ?

12 / 13

Harsh makes a fixed deposit of Rs 20,000 with the Bank of India for a period of 3 years. If the rate of interest be 13% SI per annum charged half-yearly, what amount will he get after 42 months?

13 / 13

What annual instalment will discharge a debt of Rs 47250 due 3 yr hence at the rate of 5% simple interest ?

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