MATHS

BOOKS - KIRAN PUBLICATION

COMPOUND INTEREST

Questions Asked In Previous Ssc Exams Type I

1. At what percent per annum will Rs 3000/-

amounts Rs 3993/- in 3 years if the Interest is

compounded annually?
 A. 9 %

B. 10 %

C. 11 %

D. 13 %

Answer: B

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2. The compound interest on Rs. 10, 000 in 2

years at 4% per annum, the interest being

compounded half-yearly, is :
 A. Rs.636.80

B. Rs. 824.32

C. Rs. 912. 86

D. Rs. 828. 82

Answer: B

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3. In how many years will Rs2, 000 amounts to

Rs. 2, 420 at 10 % per annum compound

interest?
 A. 3 years

1
B. 2 years
2

C. 2 years

1
D. 1 years
2

Answer: C

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4. A sum of money on compound interest

amounts Rs. 10648 in 3 years and Rs. 9680 in

2 years. The rate of interest per annum is:

 A. 5 %

B. 10 %

C. 15 %

D. 20 %

Answer: B

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5. At what rate percent per annum will Rs.

2304 amounts to Rs. 2500 in 2 years at

compound Interest?
 1
A. 4 %
2

1
B. 4 %
5

1
C. 4 %
6

1
D. 4 %
3

Answer: C

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6. A sum amounts to ? 1352 in 2 yr at 4%

compound interest. The sum is

 A. Rs. 1, 225

B. Rs. 1, 270

C. Rs. 1, 245

D. Rs. 1, 250

Answer: D

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7. The compound interest on Rs. 16000 for 9

months at 20% per annum, if interest being

compounded quarterly is:

 A. Rs. 2, 520

B. Rs. 2, 524

C. Rs. 2, 522

D. Rs. 2, 518

Answer: C

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8. If the rate of interest be 4 % per annum for

first year, 5 % per annum for second year and

6% per annum for third year, then the

compound interest of Rs. 10, 000 for 3 years

will be

A. Rs.1, 600

B. Rs. 1, 625.80

C. Rs. 1, 575.20

D. Rs. 2, 000

Answer: C

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9. The compound interest on Rs. 2000 in 2

years of the rate of interest is 4% per annum

for the first year and 3% per annum for the

second year, will be

A. Rs. 142.40

B. Rs. 140.40

C. Rs. 141.40

D. Rs. 143.40

Answer: A
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10. At what rate per annum will Rs. 32000 yield

a compound interest of Rs. 5044 in 9 months

Interest being compounded quarterly?

A. 20 %

B. 32 %

C. 50 %

D. 80 %

Answer: A
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11. The compound interest on Rs.8, 000 at

15 % per annum for 2 years 4 months,

compounded annually is:

A. Rs. 2980

B. Rs.3091

C. Rs.3109

D. Rs.3100

Answer: C
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12. A certain sum, invested at 4% per annum

compound interest, compounded halfyearly,

amounts to Rs. 7, 803 at the end of one year.

The sum is

A. Rs.7, 000

B. Rs.7, 200

C. Rs.7, 500

D. Rs.7, 700
Answer: C

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13. A certain sum amounts to Rs. 5, 832 in 2

years at 8% per annum compound interest,

the sum is

A. Rs. 5, 000

B. Rs. 5, 200

C. Rs.5, 280

D. Rs. 5, 400
Answer: A

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14. The compound interest on Rs. 6, 000 at

1
10 % per annum for 1 years, when the
2

interest being compounded annually, is

A. Rs.910

B. Rs. 870

C. Rs. 930

D. Rs.900
Answer: C

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15. In how many years will a sum of Rs. 800 at

10 % per annum compound interest,

compounded semi-annually becomes

Rs. 926.10 ?

1
A. 1 years
2

1
B. 2 years
3

1
C. 2 years
3
 1
D. 2 years
2

Answer: A

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16. The compound interest on Rs. 30, 000 at

7% per annum for a certain time is Rs. 4, 347

. The time is

A. 3 years

B. 4 years
 C. 2 years

D. 2.5 years

Answer: C

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17. The amount of Rs. 10, 000 after 2 years,

compounded annually with the rate of interest

being 10 % per annum during the first year

and 12 % per annum during the second year,

would be (In rupees)

 A. Rs. 12, 000

B. Rs. 12, 320

C. Rs. 12, 500

D. Rs. 11, 320

Answer: B

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18. The sum of money that yields a compound

interest of Rs. 420 during the second year at

5% per annum is
 A. Rs. 4, 000

B. Rs. 42, 000

C. Rs. 8, 000

D. Rs. 21, 000

Answer: C

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19. A man saves Rs. 2000 at the end of each

year and invests the money at 5 % compound

interest. At the end of 3 years he will have :

 A. Rs. 4305

B. Rs. 6305

C. Rs. 4205

D. Rs. 2205

Answer: B

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20. The time in which Rs. 80, 000 amounts to

Rs. 92, 610 at 10 % p.a. compound interest,

interest being compounded semi annually is

 1
A. 1 years
2

B. 2 years

1
C. 2 years
2

D. 3 years

Answer: A

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21. A man borrows Rs. 21000 at 10% compound

interest. How much he has to pay equally at

the end of each year, to settle his loan in two

years?

A. Rs. 12000

B. Rs. 12100

C. Rs. 12200

D. Rs. 12300

Answer: B

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22. A sum of Rs. 3, 200 invested at 10 % p.a.

compounded quarterly amounts to Rs.3, 362 .

Compute the time period.

1
A. years
2

B. 1 years

C. 2 years

3
D. years
4

Answer: A

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23. The compound Interest on a cerattain sum

of money for 2 years at 5% is , then

Rs.328

the sum is

A. Rs. 3000

B. Rs. 3600

C. Rs. 3200

D. Rs. 3400

Answer: C

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24. Two years ago, the value of my motorbike

was Rs. 62500. If the value depreciates by 4 %

every year, now its value is

A. Rs.56700

B. Rs. 57600

C. Rs.57500

D. Rs.55700

Answer: B

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25. The compound interest on a sum of money

for 2 years is Rs. 615 and the simple interest

for the same period is Rs. 600 . Find the

principal.

A. Rs.6, 500

B. Rs.6000

C. Rs.8, 000

D. Rs.9, 500

Answer: B

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26. Rekha Invested a sum of Rs. 12000 at 5%

per annum compound interest. She received

an amount of Rs.13230 after nyears. Find n.

A. 2.8years

B. 3.0years

C. 2.5years

D. 2.0years

Answer: D
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27. When principal = Rs.S , rate of interest -

2r % p.a, then a person will get after 3 years

at compound interest

65r
A. Rs.
100

3
r
B. Rs. S(1 + )
100

3
r
C. Rs. S(1 + )
50

3
r
D. Rs.3S(1 + )
50

Answer: C
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28. In what time will Rs. 64, 000 amount to

Rs. 68, 921 at 5% per annum, interest being

compounded half yearly?

A. 3 years

1
B. 2 years
3

C. 2 years

1
D. 1 years
2

Answer: D
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29. At what rate of compound inter est per

annum will a sum of Rs. 1200 become

Rs. 1348.32 in 2 years?

A. 7.5 %

B. 6.5 %

C. 7 %

D. 6 %

Answer: D
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30. The compound interest on Rs. 12000 for 9

months at 20% per annum, interest being

compounded quarterly, is :

A. Rs. 1750

B. Rs. 2089.70

C. Rs. 1891.50

D. Rs. 2136.40

Answer: C
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31. The compound interest on Rs. 30, 000 at

7% per annum for a certain time is Rs. 4, 347

. The time is

A. 3

B. 2

C. 4

D. 5

Answer: B
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32. A sum of Rs. 2420 is accumulat ed in 2

years at 10 % compound interest on a certain

amount. Then the original amount is:

A. Rs. 1000

B. Rs. 2000

C. Rs. 1500

D. Rs. 2500

Answer: B
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33. A sum of money invested at compound

Interest amounts to Rs. 800 in 3 years and to

Rs. 840 in 4 years. The rate of interest per

annum is:

1
A. 2 %
2

B. 4 %

C. 5 %

2
D. 6 %
3
Answer: C

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34. In how many years will a sum of Rs. 800 at

10% per annum compounded semi-annually

becomes Rs. 926.10?

1
A. 2 years
2

B. 3 years

C. 2 years

1
D. 1 years
2
Answer: D

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35. A sum of Rs. 2000 amounts to Rs. 4000 in

two years at compound Interest. In how many

years will the same amount become Rs. 8000?

A. 2

B. 4

C. 6

D. 8
Answer: B

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36. The compound Interest on Rs. 64, 000 for

3 years, compounded annually at 7.5 % p.a. is

A. Rs. 14, 400

B. Rs. 15, 705

C. Rs. 15, 507

D. Rs. 15, 075

Answer: C

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37. Find the amount which Shyam will get on

Rs. 4096 , if he gives it for 18 months at

1
12 % per annum, interest being
2

compounded half yearly.

A. Rs. 5, 813

B. Rs. 4, 515

C. Rs. 4, 913
 D. Rs. 5, 713

Answer: C

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38. The compound interest on Rs. 4000 for 4

years at 10 % per annum will be

A. Rs. 1856.40

B. Rs. 1600

C. Rs. 1856
 D. Rs. 1756.60

Answer: A

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39. A man invested a sum of money at

compound interest. It amounted to Rs. 2420

in 2 years and to Rs. 2662 in 3 years. Find the

sum.

A. Rs. 1000
 B. Rs. 2000

C. Rs. 5082

D. Rs. 3000

Answer: B

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40. A sum of Rs. 3000 amounts to Rs. 6000 in

two years at compound interest. The interest

for four years is :

 A. Rs. 9000

B. Rs. 12000

C. Rs. 6000

D. Rs. 3000

Answer: A

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41. If a sum of Rs.12500 is Invested for 1 year at

12% per annum interest being compounded

semiannually, then interest earned is :

 A. Rs.1505

B. Rs.1535

C. Rs. 1545

D. Rs. 1550

Answer: C

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42. A sum of money amounts to Rs. 6655 at

the rate of 10 % compounded annually for 3

years. The sum of money is

 A. Rs. 5000

B. Rs. 5500

C. Rs. 6000

D. Rs. 6100

Answer: A

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43. The compound interest on Rs. 1000 at 10%

p.a. in 3 years :
 A. Rs. 1331

B. Rs. 331

C. Rs. 300

D. Rs. 1300

Answer: B

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44. The compound interest on Rs. 24000 at

1
10 % per annum for 1 years, Interest being
2

compounded semi-annually is:

 A. Rs. 3783

B. Rs. 3777

C. Rs. 3780

D. Rs. 3781

Answer: A

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45. The sum for 2 years gives a compound

interest of Rs. 3225 at the rate of 15 % per

annum. The sum is

 A. Rs. 10000

B. Rs. 20000

C. Rs. 15000

D. Rs. 32250

Answer: A

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46. In 3 years Rs. 3000 amounts to Rs. 3993

at x % compound interest, compounded

annually. The value of x is

 A. 10

B. 8

C. 5

1
D. 1
3

Answer: A

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47. The least number of years in which a sum

of money on 19% p.a. compound interest will

be more than double is

 A. 3 years

B. 4 years

C. 5 years

D. 2 years

Answer: B

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48. A bank offers 15 % compound Interest per

half year. A customer deposits Rs. 2400 each

on 1st January and 1st July of a year. At the end

of the year, the amount he would have gained

by way of Interest is

A. `Rs. 597.81'

B. Rs. 553.5

C. Rs. 557.81

D. Rs. 567.21

Answer: B

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49. What is the compound interest (in Rs.) on

Rs. 12500 at the rate of 12% per annum

compounded yearly for 2 years?

A. 3000

B. 2980

C. 3050

D. 3180

Answer: D

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50. If a certain sum becomes two times in 7

years at compound interest, then in how many

years, it will become eight times ?

A. 14

B. 21

C. 28

D. 35

Answer: B

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51. What will be the amount on Rs. 12500 at

the rate of 20 % per annum compounded

yearly for 3 years?

A. Rs. 21080

B. Rs. 21560

C. Rs. 20600

D. Rs. 21600

Answer: D

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52. What will be the amount received on

Rs. 25000 at the rate of 20 % per annum

compounded yearly for 4 years?

A. Rs. 51840

B. Rs. 50350

C. Rs. 53550

D. Rs. 48750

Answer: A

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53. What is the compound interest (in Rs.) for 1

year on a sum of Rs. 20000 at the rate of

40 % per annum compounded half yearly?

A. 8000

B. 8650

C. 8750

D. 8800

Answer: D

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54. A certain sum becomes k times in 5 years

at compound interest. In 30 years it will

become how many times?

A. 5k

B. 6k

C. k 6

D. k 5

Answer: C

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55. If a certain sum becomes 3 times In 6 years

at compound interest, then in how many

years, it will become 81 times?

A. 81

B. 162

C. 27

D. 24

Answer: D

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56. In how many years will Rs 2,000 yield Rs

662 as compound interest at 10% per annum

compounded annually?

A. 3

B. 2

C. 4

D. 5

Answer: A

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57. What is the compound interest earned on

Rs 80,000 at 40% per annum in 1 year

compounded quarterly?

A. 28317

B. 37128

C. 18732

D. 21387

Answer: B

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58. What is the rate of interest (in %) if simple

interest earned on a certain sum for the 3

years is Rs 6,000 and compound interest

earned for 2 years is Rs 4,160?

A. 6

B. 8

C. 12

D. 6

Answer: B

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59. If the amount on a certain principal in 3

years at 12% rate of interest compounded

annually is ₹ 12,000, what will be the amount

(in Rs) after the 4th year?

A. 14330

B. 15440

C. 13440

D. 14550
Answer: C

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60. The amount (in Rs) received at 10% per an

num compound interest after 3 yrs is Rs

1,19,790. What was the principal?

A. 90000

B. 1, 00, 000

C. 80000

D. 75000
Answer: A

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61. In how many months will₹ 8,000 yield ₹

2,648 as compound interest at 20% per annum

compounded semi-annually?

A. 18

B. 24

C. 12

D. 30
Answer: A

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62. What is the compound interest (in Rs.) on

Rs. 2400 at the rate of 20 % per annum

compounded yearly for 2 years?

A. 960

B. 1024

C. 1056

D. 1120
Answer: C

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63. An amount was lent for one year at the

rate of 10 % per annum compounding

annually had the compounding been done half

yearly, the interest would have increased by

Rs. 80. What was the amount (in Rs.) lent?

A. 16000

B. 32000
 C. 48000

D. 64000

Answer: B

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64. If interest being compounded annually

what sum will amount to Rs. 2508.8 in 2 years

at the rate of 12 % per annum at compound

Interest?
 A. Rs. 2000

B. Rs. 2200

C. Rs. 1800

D. Rs. 2500

Answer: A

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65. If the compound interest for the 3rd and

4th year on a certain principal is ₹ 125 and Rs

135 respectively, what is the rate of interest (in

%)?

A. 9

B. 10

C. 8

D. 2

Answer: C

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66. If compound interest received on a certain

amojn in the 2nd year is ₹ 250. What will be

the compound interest (in Rs.) for the 3rd year

on the same amount at 12% rate of interest?

A. 250

B. 300

C. 280

D. 270

Answer: C
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67. The amount received at 8% per annum com

pound interest after 2 year is₹ 72,900. What

was the principal (in ₹)?

A. 65000

B. 67500

C. 60000

D. 62500

Answer: D
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68. At what rate of compund inter est per

annum a sum of Rs. 1800 will become Rs. 2178

in two years?

A. 11 %

B. 12 %

C. 10 %

D. 13 %

Answer: C
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69. A sum amounts to Rs 8,028 in 3 years and

to Rs 12,042 in 6 years at a certain rate percent

per annum, when the interest is compounded

yearly. The sum is:

कोई राशि ब्याज की वार्षिक चक्रवद्धि पर प्रति वर्ष एक

निश्चित दर से 3 वर्षों में 8028 रुपये तथा 6 वर्षों में 12042

रुपये हो जाती है | यह राशि है :

A. Rs. 5, 352

B. Rs. 5, 235
 C. Rs. 5.325

D. Rs. 5, 253

Answer: A

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Questions Asked In Previous Ssc Exams Type Ii

1. If the amount is 2.25 times of the sum after

2 years at compound Interest (compound

annually), the rate of interest per annum is :

 A. 25 %

B. 30 %

C. 45 %

D. 50 %

Answer: D

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2. A sum doubles in 4 years at a certain rate of

compound interest. In how many years does it

amount to 8 times itself at the same rate?

कोई राशि चक्रवृद्धि ब्याज की एक निश्चित दर से 4 वर्षों में

दोगुनी हो जाती है | इसी दर से यह कितने वर्षों में खुद से 8

गुना हो जाएगी ?

A. 18 years

B. 12 years

C. 16 years

D. 24 years

Answer: B

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3. A sum borrowed under compound interest

doubles itself in 10 years. When will it become

fourfold itself at the same rate of interest?

A. 15 years

B. 20 years

C. 24 years

D. 40 years

Answer: B

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4. A sum of Rs. 12000 deposited at compound

interest becomes double after 5 years. How

much will it be after 20 years?

A. Rs. 1, 44, 000

B. Rs. 1, 20, 000

C. Rs. 1, 50, 000

D. Rs.1, 92, 000

Answer: D

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5. A sum of money at compound interest

amounts thrice of itself in 3 years. In how

many years it will be 9 times of itself ?

A. 9 years

B. 27 years

C. 6 years

D. 3 years

Answer: C

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6. A sum of money becomes 1.331 times in 3

years as compound interest. The rate of

interest is

A. 8 %

B. 7.5 %

C. 10 %

D. 50 %

Answer: C

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 3
7. If the amount is 3 times the sum after 3
8

years at compound interest compounded

annually, then the rate of interest per annum

is

A. 25 %

B. 50 %

2
C. 16 %
3

1
D. 33 %
3

Answer: B

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8. If a certain sum becomes 3 times In 6 years

at compound interest, then in how many

years, it will become 81 times?

A. 81

B. 162

C. 27

D. 24

Answer: D
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9. If a certain sum becomes 4 times in 4 years

at compound Interest, then in how many

years, it will become 64 times?

A. 5

B. 12

C. 16

D. 24

Answer: B
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10. A sum of money becomes 1.331 times in 3

years as compound interest. The rate of

interest is

A. 10

B. 20

C. 15

D. 30

Answer: C
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11. A sum becomes two times in 7 years at

compound interest. In how many years the

same sum will become 16 times?

A. 21

B. 28

C. 35

D. 19

Answer: B
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Questions Asked In Previous Ssc Exams Type Iii

1. A sum of money amounts to Rs. 4, 840 in 2

years and to Rs. 5, 324 in 3 years at

compound interest compounded annually. The

rate of interest per annum is :

A. A) 10 %

B. B) 9 %
 C. C) 11 %

D. D) 8 %

Answer: A

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2. An amount of money appreciates to Rs.

7000 after 4 years and to Rs. 10000 after 8

years at a certain compound interest

compounded annually. The initial amount for

money was :
 A. A) Rs. 4, 700

B. B) Rs. 4, 900

C. C) Rs.4, 100

D. D) Rs.4, 300

Answer: B

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3. A sum of money invested at compound

interest amounts to Rs. 650 at the end of first

year and Rs. 676 at the end of second year. The

sum of money is:

A. A) Rs. 600

B. B) Rs.540

C. C) Rs. 625

D. D) Rs. 560

Answer: C

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4. A sum of money invested at com pound

interest amounts in 3 years to Rs. 2, 400 and

in 4 years to . The interest rate per

Rs. 2, 520

annum is:

A. 5 %

B. 6 %

C. 10 %

D. 12 %

Answer: D
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5. A sum of money is invested at 20 %

compound interest (compounded annually). It

would fetch Rs. 723 more in 2 years if interest

is compounded half yearly. The sum is

A. Rs. 15, 000

B. Rs.30, 000

C. Rs.20, 000

D. Rs.7.500
Answer: B

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6. On a certain sum of money, the simple

interest for 2 years is Rs. 350 at the rate of

4% per annum. It was invested at compound

interest at the same rate for the same

duration as before, how much more Interest

would be earned?

A. Rs. 3.50
 B. Rs. 7

C. Rs. 14

D. Rs. 35

Answer: B

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7. A certain amount grows at an an nual

interest rate of 12 % , compounded monthly.

Which of the following equations can be

solved to find the number of years, y. that it

would take for the investment to increase by a

factor of 64 ?

A. 64
12y
= (1.01)

1
B. = (1.04)12y
64

C. 64 = (1.04)12y

D. 8 = (1.01)6y

Answer: A

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8. The compound interest on a certain sum for

2 years at 10 % per annum is . The

Rs. 525

simple interest on the same sum for double

the time at half the rate per cent per annum

is:

A. Rs. 520

B. Rs. 550

C. Rs. 500

D. Rs. 515

Answer: C
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9. A sum of Rs. 8000 becomes Rs. 12500 in 2

years at a certain rate of compound interest.

What will be the sum (in Rs.) after 3 years?

A. 13175

B. 14225

C. 12575

D. 15625

Answer: D
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10. A sum of Rs. 8000 is borrowed at

compound Interest at the rate of 7% per

annum. What will be the amount (in Rs.) after

2 years?

A. 1154.4

B. 13600

C. 9159.2

D. 9428.6
Answer: C

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11. A sum of Rs. 6000 becomes Rs. 7200 in 2

years, when invested in a scheme of simple

interest. If the same sum is invested in a

scheme of compound interest with same

yearly interest rate (compounding of Interest

is done yearly), then what will be the amount

(in Rs.) after 3 years?

 A. 7434

B. 8244

C. 7864

D. 7986

Answer: D

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12. A sum of Rs. 20000 becomes Rs. 32000 in

12 years, when invested in a scheme of simple

interest. If the same sum is invested in a

scheme of compound Interest with same

yearly interest rate (compounded annually),

what will be the amount (in Rs.) after 2 years?

A. 21750

B. 22050

C. 23250

D. 24650

Answer: B

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13. A sum of Rs. 2500 becomes Rs. 8100 in 2

years at a certain rate of compound interest.

What will be the sum (in Rs.) after 4 years?

A. 29824

B. 36284

C. 41624

D. 26244

Answer: D

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14. A sum of Rs. 6000 is borrowed at

compound interest at the rate of 8% per

annum. What will be the amount (in Rs.) after

2 years?

A. 6998.4

B. 6960

C. 6784.4

D. 6869.4

Answer: A

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15. A sum of Rs. 15000 is lent at compound

Interest (compounded annually) at an interest

rate of 20 % per annum. If the interest is

compounded half yearly, then how much more

interest in Rs.) will be obtained in one year?

A. 225

B. 150

C. 75

D. 300
 Answer: B

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Questions Asked In Previous Ssc Exams Type Iv

1. If the compound interest on a certain sum

for 2 years at 3% per annum is Rs. 101.50,

then the simple interest on the same sum at

the same rate and for the same time will be

A. A) Rs. 90.00
 B. B) Rs.95.50

C. C) Rs.100.00

D. D) Rs. 98.25

Answer: C

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2. On a certain sum of money the compound

interest for 2 years is Rs. 282.15 and the

simple interest for the same period of time is

Rs. 270. The rate of Interest per annum is

 A. 6.07 %

B. 10 %

C. 9 %

D. 12.15 %

Answer: C

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3. If the compound interest on a certain sum

for 2 years at 3% per annum is ,

Rs. 101.50
then the simple interest on the same sum at

the same rate and for the same time will be

A. A) Rs. 400

B. B) Rs. 480

C. C) Rs. 450

D. D) Rs. 460

Answer: B

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4. The simple interest on a sum of money at

4% per annum for 2 years is . The

Rs. 80

compound interest in the same sum for the

same period is

A. A) Rs.82.60

B. B) Rs. 82.20

C. C) Rs.81.80

D. D) Rs. 81.60

Answer: D
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5. The compound interest on a certain sum of

money at 5% per annum for 2 years is

Rs. 246. The simple interest on the same sum

for 3 years at 6 % per annum is

A. Rs.435

B. Rs. 450

C. Rs.430

D. Rs. 432
Answer: D

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6. The simple interest and compound Interest

(compounded annually) on a certain sum of

money with a given rate for a period of 2 years

are Rs.900 and Rs. 954 respectively. The sum

of money is

A. Rs. 3700

B. Rs. 3650
 C. Rs. 3850

D. Rs. 3750

Answer: D

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7. 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.
 A. Rs. 2500

B. Rs. 2000

C. Rs. 2250

D. Rs. 2125

Answer: D

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8. A man borrowed some money from a private

organisation 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. 3, 205 in 4 years. The man borrowed.

A. Rs. 80, 000

B. Rs. 1, 00, 000

C. Rs. 1, 20, 000

D. Rs. 1, 50, 000

Answer: B

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9. 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).

A. 1600

B. 1800

C. 2000

D. 2100

Answer: C
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10. The simple and compound interest that

can be earned in two years at the same rate is

Rs. 1, 000 and Rs. 1, 040 respectively. What is

the rate (per cent per annum) of interest?

A. 9

B. 10

C. 8

D. 11
Answer: C

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11. The simple interest on a sum of money for 3

years is Rs. 240 and the compound interest

on the same sum, at the same rate for 2 years

is Rs. 170. The rate of interest is:

A. 8 %

1
B. 29 %
6

1
C. 12 %
2
 5
D. 5 %
17

Answer: C

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12. The simple interest on a certain sum of

money for 2 years at5 % is Rs. 1600. The

compound interest at the same rate after 3

years interest compound annually, is

A. Rs. 2520
 B. Rs.2522

C. Rs.2555

D. Rs.2535

Answer: B

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13. There is 40 % Increase in an amount in 8

years at simple interest. What will be the

compound interest (In rupees) of Rs30000

after 2 years at the same rate ?

 A. 6150

B. 7687.5

C. 4612.5

D. 3075

Answer: D

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14. If the difference between the compound

interest, compounded every six months, and

the simple interest on a certain sum of money

at the rate of 12 % per annum for one year is

36, the sum is :

A. Rs. 10, 000

B. Rs.12, 000

C. Rs. 15, 000

D. Rs. 9, 000

Answer: A

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15. What is the difference between compound
1
Interest on Rs. 5, 000 for 1 years at 4% per
2

annum according as the interest is

compounded yearly or halfyearly?

A. Rs. 2.04

B. Rs. 3.06

C. Rs. 8.30

D. Rs. 4.80

Answer: A
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16. The difference between the simple and

compound Interest on a certain sum of money

at 5% rate of interest per annum for 2 years is

15. Then the sum is :

A. Rs. 6, 500

B. Rs. 5, 500

C. Rs. 6, 000

D. Rs. 7, 000
Answer: C

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17. If the difference between the compound

Interest and simple interest on a sum at 5%

rate of interest per annum for three years is

Rs. 36.60, then the sum is

A. Rs. 8000

B. Rs. 8400

C. Rs. 4400
 D. Rs. 4800

Answer: D

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18. The difference between compound interest

(compounded annually) and simple interest on

a sum of Rs. 1000 at a certain rate of interest

for 2 years is Rs. 10. The rate of interest per

annum is:

A. 5 %
 B. 6 %

C. 10 %

D. 12 %

Answer: C

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19. The difference between the compound and

the simple interest on a sum for 2 years at

10 % per annum, when the interest is

compounded annually, is 28. If the interest

were compounded halfyearly, the difference in

the two interests will be

A. Rs.44

B. Rs. 28.35

C. Rs. 43.41

D. Rs. 43.29

Answer: C

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20. A sum of Rs. 6, 000 is deposited for 3

years at 5% per annum compound interest

(compounded annually). The difference of

interests for 3 and 2 years will be

A. Rs.75.00

B. Rs. 30.75

C. Rs. 330.75

D. Rs. 375.00

Answer: C
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21. The difference between compound interest

and simple interest on a certain sum of money

for 3 years at 5% per annum is Rs. 122. Find the

principal.

A. Rs.16, 000

B. Rs. 15, 000

C. Rs. 12, 000

D. Rs. 10, 000

Answer: A

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22. On a certain sum of money lent out at

16 % p.a. the difference between the

compound interest for 1 year, payable half

yearly, and the simple interest for 1 year is

Rs. 56 . The sum is

A. Rs. 1080

B. Rs. 7805
 C. Rs. 8750

D. Rs. 5780

Answer: C

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23. What sum will give Rs. 244 as the

difference between simple interest and

1
compound interest at 10 % in 1 years
2

compounded half yearly?

 A. Rs. 40, 000

B. Rs. 36, 000

C. Rs. 32, 000

D. Rs. 28, 000

Answer: C

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24. Find the difference between the compound

interest and the simple interest on Rs. 32.000

at 10 % p.a. for 4 years.

 A. Rs. 2051.20

B. Rs. 2052.50

C. Rs. 2025.20

D. Rs. 2501.20

Answer: A

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25. If the difference of the compound Interest

and the simple interest on a sum of money for

3 years is . Find the sum of money, if
Rs. 186

the rate of interest in both cases be 10 % .

A. Rs. 5500

B. Rs. 7200

C. Rs. 6500

D. Rs. 6000

Answer: D

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26. The difference between compound Interest

and simple interest on an amount of Rs.

15, 000 for 2 years is . The rate of

Rs. 96

interest per annurn is

A. 6 %

B. 7 %

C. 8 %

D. 9 %

Answer: C
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27. There is 40 % increase in an amount in 10

years at simple interest. What will be the

compound Interest of Rs. 30000 after 3 years

at the same rate? .

A. Rs. 3745.92

B. Rs. 7491.84

C. Rs. 9364.8

D. Rs. 5618.88
Answer: A

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28. There is 40 % increase in an amount in 8

years at simple interest. What will be the

compound Interest on Rs. 10000 after 3 years

at the same rate?

A. A) Rs. 1576.25

B. B) Rs. 6305

C. C) Rs. 7881.25
 D. D) Rs. 4728.7

Answer: A

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29. The difference between simple and

compound interests compounded annually on

a certain sum of money for 2 years at 4 % per

annum is Rs. 8. The sum is

A. A) Rs. 10000
 B. B) Rs. 20000

C. C) Rs. 5000

D. D) Rs. 15000

Answer: C

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30. The difference of compound in terest and

simple interest for 3 years and for 2 years are

in ratio 23 : 7 respectively. What is rate of

interest per annum (in %)?

 200
A.
7

100
B.
7

300
C.
7

400
D.
7

Answer: A

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31. What will be the difference (in Rs.) between

compound Interest and simple interest for 4

years on a principal of Rs. 12000 at the rate of

20 % per annum?

A. 3324.8

B. 2818.4

C. 3576.6

D. 3283.2

Answer: D

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32. In 2 years at simple interest the principal in

creases by 8%. What will be the compound

interest earned (in Rs) on Rs 10 lakhs in 2 years

at the same rate?

A. 86000

B. 81600

C. 90000

D. 94000

Answer: B
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33. What is the difference (in Rs.) in Compound

Interest earned in 1 year on a sum of

Rs. 25, 000 at 20 % per annum compounded

semi-annually and annually?

A. 125

B. 250

C. 500

D. 375
Answer: B

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34. If in 2 years at simple interest the principal

increases by 16 % , what will be the compound

interest earned (in Rs.) on Rs. 25, 000 in 2

years at the same rate?

A. 4000

B. 2160

C. 2000
 D. 4160

Answer: D

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35. What is the difference (in ₹) between the

com pound interests on ₹ 12,500 for 1 year at

8% per annum compounded yearly and

halfyearly?

A. 16
 B. 25

C. 20

D. 40

Answer: C

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36. What is the difference (in Rs.) between

compound interest (compounded annually)

and simple interest for 3 years on a principal

of Rs. 4000 at the rate of 30 % per annum?

 A. 976

B. 1024

C. 1188

D. 1276

Answer: C

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37. The compound Interest on a cer tain sum

for 2 years at the rate of 5% per annum

compounded annually is Rs. 205 . What is the

simple interest in the same case?

A. A) Rs. 210

B. B) Rs. 220

C. C) Rs. 250

D. D) Rs. 200

Answer: D

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38. A sum of Rs15,000 is lent at 16% p.a.

compound interest. What is the difference

between the compound interest for the

second year and the third year?

15000 रुपये की राशि को 16% प्रति वर्ष चक्रवृद्धि ब्याज पर

उधार दिया जाता है | दूसरे वर्ष और तीसरे वर्ष के चक्रवृद्धि

ब्याज में अंतर ज्ञात करें |

A. Rs. 544

B. Rs. 445.44

C. Rs. 454.88
 D. Rs. 548

Answer: B

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Questions Asked In Previous Ssc Exams Type V

1. A builder borrows Rs. 2550 to be paid back

with compound interest at the rate of 4% per

annum by the end of 2 years in two equal

yearly installments. How much will each

installment be?

A. Rs. 1352

B. Rs. 1377

C. Rs. 1275

D. Rs. 1283

Answer: A

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2. A person purchased a scooter for 16,224

cash down payment and in 2 equal annually

installment of 16224 each. If rate of interest is

4% compound interest find out the cash price

of the scooter.

A. Rs40000

B. Rs. 46824

C. Rs. 46000

D. Rs. 50000

Answer: B
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3. A loan of Rs. 12, 300 at 5% per annum

compound interest, is to be repaid in two

equal annual instalments at the end of every

year. Find the amount of each Instalment.

A. Rs. 6, 651

B. Rs. 6, 615

C. Rs. 6, 516

D. Rs. 6, 159
Answer: B

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4. A sum of Rs. 210 was taken as a loan. This is

to be paid back in two equal instalments. If the

rate of interest be 10 % compounded

annually, then the value of each instalment is

A. Rs. 127

B. Rs. 121

C. Rs. 210
 D. Rs. 225

Answer: B

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5. Rs 16,820 is divided between two brothers of

age 27 years and 25 years. They invested their

money at 5% per annum compound interest in

such a way that both will receive equal

amount at the age of 40 years. The share (in)

of elder brother is
 A. 8280

B. 8410

C. 8820

D. 8000

Answer: C

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6. A sum of money is paid back in two annual

instalments of Rs.17, 640 each, allowing 5%

compound interest compounded annually. The

sum borrowed was

A. RS. 32, 800

B. Rs. 32, 200

C. Rs. 32, 000

D. Rs. 32, 400

Answer: A

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7. Mr. Dutta desired to deposit his retirement

benefit of Rs.3 lacs partly to a post office and

partly to a bank at 10 % and 6% interests

respectively. If his monthly interest income

was , then the difference of his

Rs. 2000

deposits in the post office and in the bank

was:

A. Rs. 50, 000

B. RS. 40, 000

C. Nil
 D. Rs.1, 00, 000

Answer: C

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8. The income of a company in creases 20 %

per year. If the income is Rs. 26, 64, 000 in the

year 2012, then its income in the year 2010 was

A. Rs. 28, 55, 000

 B. Rs. 18, 50.000

C. Rs. 28, 20, 000

D. Rs. 21, 20, 000

Answer: B

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9. Rajeev invested Rs. 4500 for 2 years at

compound interest in a company which pald

him interest of Rs. 1980. What will be the rate

of interest (in per cent) at which Rajeev

invested his money?

A. 10

B. 15

C. 20

D. 18

Answer: C

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10. A sum amounts to Rs. 2420 in 2 years

when invested at compound interest. If

principal is , then what is the rate of

Rs. 2000

interest (in %)?

A. A) 15

B. B) 10

C. C) 8

D. D) 12

Answer: B
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11. A certain principal is invested in a scheme

of compound interest. The amount obtained

after 2 years is Rs. 1210 and the amount

obtained after 3 years is Rs. 1331. What is the

rate of interest (In percentage)?

A. A) 5

B. B) 10

C. C) 15

D. D) 20
Answer: B

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12. A certain bank offers 8% rate of Interest

on the 1st year and 9% on the 2nd year in a

certain fixed deposit scheme. If Rs. 17, 658 are

received after investing for 2 years in this

scheme, then what was the amount (in Rs.)

invested?

A. A) 16000
 B. B) 15000

C. C) 15500

D. D) 16500

Answer: B

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Questions Asked In Previous Ssc Exams Type Vi

1. A person deposited a sum of Rs.6, 000 in a

bank at 5% per annum simple interest.

Another person deposited Rs. 5, 000 at 8%

per annum compound interest. After two

years, the difference of their interests will be

A. Rs. 230

B. Rs. 232

C. Rs. 832

D. Rs. 600

Answer: B

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2. A money-lender borrows money at 4% per

annum and pays the Interest at the end of the

year. He lends it at 6% per annum compound

interest compounded half yearly and receives

the interest at the end of the year. In this way,

he gains Rs.104.50 a year. The amount of

money he borrows, is

A. Rs. 6, 000

B. Rs. 5, 500

C. Rs. 5, 000

D. Rs. 4, 500
Answer: C

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3
3. A sum of Rs. 13, 360 was borrowed 8 %
4

per annum compound interest and paid back

in two years in two equal annual instalments.

What was the amount of each instalment?

A. Rs.5, 769

B. Rs. 7, 569

C. Rs. 7, 009
 D. Rs. 7, 500

Answer: B

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4. Sita deposited Rs. 5, 000 at 10 % simple

interest for 2 years. How much more money

will Sita have in her account at the end of two

years, if it is compounded semiannually.

A. Rs. 50
 B. Rs. 40

C. Rs. 77.50

D. Rs. 85.50

Answer: C

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5. A man gave 50 % of his savings of

RS. 84, 100 to his wife and divided the

remaining sum among his two sons A and B of

15 and 13 years of age respectively. He divided

it in such a way that each of his sons, when

they attain the age of 18 years, would receive

the same amount at 5% compound interest

per annum. The share of B was

A. Rs. 20, 000

B. Rs. 20, 050

C. Rs. 22, 000

D. Rs. 22, 050

Answer: A

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6. Find the rate percent per annum, if Rs.2000

amounts to Rs.2, 315.25 In a year and a half,

interest being compounded half yearly.

A. 11.5 %

B. 10 %

C. 5 %

D. 20 %

Answer: B

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7. The sum of money which when given on

compound interest at 18 % per annum would

fetch Rs.960 more when the interest is

payable half yearly than when it was payable

annually for 2 years is :

A. Rs. 60, 000

B. Rs. 30, 000

C. Rs. 40, 000

D. Rs. 50, 000

Answer: D

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8. The amount on Rs. 25, 000 in 2 years at

annual compound interest, if the rates for the

successive years be 4% and 5% per annum

respectively is:

A. Rs. 30, 000

B. Rs. 26, 800

C. Rs.27, 300
 D. Rs. 28.500

Answer: C

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9. The amount of Rs. 10, 000 after 2 years,

compounded annually with the rate of interest

being 10 % per annum during the first year

and 12 % per annum during the second year,

would be (In rupees)

A. Rs. 11, 320

 B. Rs. 12, 000

C. Rs. 12, 320

D. Rs. 12, 500

Answer: C

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10. On a certain principal if the simple interest

for two years is Rs. 1400 and compound

interest for the two years is Rs.1449, what Is

the rate of interest?

 A. `7 per cent

B. 3.5 per cent

C. 14 per cent

D. 10.5 per cent

Answer: A

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11. A man borrowed some money and agreed

to pay- off by paying Rs 3150 at the end of the

1st year and Rs 4410 at the end of the 2nd

year. If the rate of compound interest is 5%

per annum, then the sum is:

A. Rs. 5000

B. Rs. 6500

C. Rs. 7000

D. Rs.9200

Answer: C

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12. Rs. 260200 is divided between Ram and

Shyam so that the amount that Ram receives

in 4 years is the same as that Shyam receives

in 6 years. If the interest is compounded

annually at the rate of 4% per annum then

Ram's share is

A. Rs. 125000

B. Rs. 135200

C. Rs.152000

D. Rs. 108200
Answer: B

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13. B borrows Rs.5, 000 from A at 6% p.a.

simple interest and lends it to C at compound

Interest of 10 % p.a. If B collects the money

back from C after 2 years and repays A, the

profit made by B in the transaction is

A. A) Rs. 1, 050

B. B) Rs. 500
 C. C) Rs. 450

D. D) Rs. 600

Answer: C

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14. An amount was lent for two years at the

rate of 20 % per annum compounded

annually. Had the compounding been done

half yearly, the interest would have Increased

by Rs. 241. What was the amount (in Rs.) lent?

 A. 10000

B. 12000

C. 20000

D. 24000

Answer: A

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15. An amount was lent for one year at the rate

of 18 % per annum compounding annually.

Had the compounding been done half yearly,

the interest would have increased by 324.

What was the amount (in Rs.) lent?

A. A) 32000

B. B) 36000

C. C) 40000

D. D) 72000

Answer: C

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16. What is the rate of interest (in %) if simple

interest earned on a certain sum for the 3rd

year is₹2,000 and compound interest earned

in 2 years is₹4,160?

A. A) 8

B. B) 10

C. C) 12

D. D) 6

Answer: A
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17. A sum of Rs. 20,000 is invested for 15

months at the interest of 10% per annum

compounded half yearly. What is the

percentage gain, correct to one decimal place,

at the end of 15 months?

20,000 रुपये की एक राशि 15 माह के लिए 10% प्रति वर्ष

अर्धवार्षिक चक्रवृद्धि पर निवेश की जाती है | 15 माह के अंत

में एक दशमलव स्थान तक लाभ प्रतिशत ज्ञात करें |

A. 13.0 %

B. 13.1 %
 C. 12.8 %

D. 12.9 %

Answer: A

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18. A sum of Rs. 20,000 is invested for 15

months at the interest of 10% per annum

compounded half yearly. What is the

percentage gain, correct to one decimal place,

at the end of 15 months?

20,000 रुपये की एक राशि 15 माह के लिए 10% प्रति वर्ष

अर्धवार्षिक चक्रवृद्धि पर निवेश की जाती है | 15 माह के अंत

में एक दशमलव स्थान तक लाभ प्रतिशत ज्ञात करें |

A. 12.5 %

B. 13.6 %

C. 13.0 %

D. 13.4 %

Answer: C

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Test Yourself

1
1. Find compound Interest on Rs.10,000 for 3
2

years at 10% per annum, compounded yearly.

A. Rs. 3675.50

B. Rs.3775.50

C. Rs. 3875.50

D. Rs. 3975.50

Answer: D

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2. Find compound interest on Rs. 5000 for 2

years at 10% per annum, compounded half-

yearly.

A. Rs. 1077.5

B. Rs. 1072.5

C. Rs. 1000

D. Rs. 1100

Answer: A

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3. At what rate per annum will Rs. 32000 yield

a compound interest of Rs. 5044 in 9 months

Interest being compounded quarterly?

A. 20 %

B. 32 %

C. 50 %

D. 80 %

Answer: A
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4. Find the present worth of Rs. 9261 due 3

years hence at 5% per annum compounded

yearly.

A. Rs. 8000

B. Rs. 8200

C. Rs. 8500

D. Rs. 8700

Answer: A
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5. In what time will Rs. 15625 amount to Rs.

17576 at 4% per annum, compounded yearly?

A. 4 years

B. 2.5 years

C. 3 years

D. 3.5 years

Answer: C

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6. A sum amounts to Rs. 9680 in 2 years and to

Rs.10648 in 3 years compounded annually. Find

the principal and the rate of interest per

annum.

A. 12 % : Rs. 7500

B. 10 % , Rs. 8000

C. 11 % : Rs. 11000

D. None of these
Answer: B

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7. Divide Rs. 10230 into two parts such that the

first part after 10 years is equal to the second

part after 7 years, compound inter est being

20% per annum com pounded yearly.

A. Rs. 4150 , Rs. 56080

B. Rs. 3950, Rs. 6280

C. Rs. 3750 , Rs. 6480

 D. Rs. 3550 , Rs. 6680

Answer: C

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8. A sum of Rs. 1682 is to be divided between A

and B who are respectively 20 years and 22

years old. They invest their shares at 5% per

annum, compounded annually. At the age of

25 years both receive equal amounts. Find the

share of each.
 A. Rs. 730, Rs. 952

B. Rs. 750 , Rs. 932

C. Rs. 700 , Rs. 982

D. Rs. 800 , Rs. 882

Answer: D

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9. A sum of money was lent at 10% per annum,

compounded annually, for 2 years. If the

interest was compounded half-yearly, he would

have received Rs. 220.25 more. Find the sum.

A. Rs. 40000

B. Rs. 45000

C. Rs. 48000

D. Rs. 50000

Answer: A

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10. Ram invests Rs. 5000 in a bond which gives

Interest at 4% per annum during the first year,

5% during the second year and 10% during

the third year. How much does he get at the

end of third year?

A. Rs. 7000

B. Rs. 5006

C. Rs. 6006

D. Rs. 5506

Answer: C
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11. Find the ratio of simple interest to

compound interest for 2 years at 4% per

annum, compounded yearly in case of

compound interest.

A. 50 : 53

B. 50 : 51

C. 49 : 50

D. 48 : 53
Answer: B

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12. If SI on a certain sum of money at 4% per

annum for 2 years be Rs. 125, what would be

the interest if it was to be compounded

annually at the same rate and for the same

time period?

A. Rs. 127.50

B. Rs. 125.50
 C. Rs. 135.50

D. Rs. 138

Answer: A

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13. The compound interest on a sum of money

at 5% per annum for 3 years is Rs. 2522. What

would be the simple interest on this sum at

the same rate and for the same period ?

 A. Rs. 2500

B. Rs. 2400

C. Rs. 2450

D. Rs. 2350

Answer: B

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14. The simple interest on a certain sum for 2

years is 50 and the compound interest is 55.

Find the rate of interest per annum and the

sum.

A. 6% P.a. Rs. 200

B. 15% P.a. ,Rs. 150

C. 20% P.a. ,Rs. 125

D. 18% P.a. , Rs. 175

Answer: C

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15. If the difference between simple and

compound interest on some principal amount

at 20% per annum for three years is Rs. 48,

then the principal amount is:

A. Rs. 450

B. Rs. 5375

C. Rs. 390

D. None of these

Answer: B
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16. If the difference between CI and SI on a

certain sum at 4% per annum for 2 years is Rs.

25, find the sum.

A. Rs. 18625

B. Rs. 16625

C. Rs. 14625

D. Rs. 15625

Answer: D
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17. The simple interest accrued on a sum of

certain principal is Rs. 6500 in eight years at

the rate of 13 per cent per year. What would be

the compound interest accrued on that

principal at the rate of 8 per cent per year in 2

years?

A. Rs. 1040

B. Rs. 1020

C. Rs. 1060
 D. Rs. 1200

Answer: A

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18. The compound interest accrued on an

amount of Rs. 22,000 at the end of two years

is Rs. 5,596.8. What would be the sim ple

interest accrued on the same amount at the

same rate in the same period ?

A. Rs.5,420
 B. Rs.5,360

C. Rs.5,280

D. Rs.5,140

Answer: C

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19. A sum of money was invested for 14 years

was in Scheme A which offers simple interest

at a rate of 8 % p.a. The amount received from

Scheme A after 14 years was then invested for

two years in Scheme B which offers com

pound interest (compounded annually) at a

rate of 10% p.a. If the interest received from

Scheme B was Rs. 6,678, what was the sum

invested in Scheme A ?

A. Rs. 15,500

B. Rs. 14,500

C. Rs. 16,500

D. Rs. 15,000

Answer: D
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