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December 28, 2021

Compound interest:Quantitative aptitude practice questions with Answers for SSC CGL TIER -I

Quantitative  aptitude 

practice questions with Answers for SSC CGL TIER -I

SET - 1
Compound  interest:

1. At what percent per annum will 3000/- amounts to 3993/- in 3 years if the interest is compounded annually?

(1) 9%     (2) 10%     (3) 11%     (4) 13%

2. The compound interest on 10,000 in 2 years at 4% per annum, the interest being compounded half-yearly, is :

(1) 636.80   (2) 824.32    (3) 912. 86   (4) 828. 82

3. In how many years will 2,000 amounts to 2,420 at 10% per annum compound interest?

(1) 3 years       (2) 2(1/2)years          (3) 2 years          (4) 1(1/2)years

4. In what time will 1000 becomes 1331 at 10% per annum compounded annually ?

(1) 3 years (2) 2(1/2)years(3) 2 years (4) 3(1/2) years

5. The principal, which will amount to 270.40 in 2 years at the rate of 4% per annum compound interest, is

(1) 200       (2) 225    (3) 250     (4) 220

6. A sum of money on compound interest amounts to 10648 in 3 years and 9680 in 2 years. The rate of interest per annum is :

(1) 5%     (2) 10%   (3) 15%     (4) 20%

7. At what rate per cent per annum will 2304 amount to 2500 in 2 years at compound interest ?

(1) 4(1/2)% (2) 4(1/5)%(3) 4(1/6)% (4) 4(1/3)%

8. A sum becomes 1,352 in 2 years at 4% per annum compound interest. The sum is

(1) 1,225      (2) 1,270  (3) 1,245    (4) 1,250

9. The compound interest on 16,000 for 9 months at 20% per annum, interest being com￾pounded quarterly, is

(1) 2,520     (2) 2,524    (3) 2,522   (4) 2,518

10. If the rate of interest be 4% per annum for first year, 5% per an￾num for second year and 6% per annum for third year, then the compound interest of 10,000 for 3 years will be

(1) 1,600     (2) 1,625.80     (3) 1,575.20  (4) 2,000


Answers :

1.      2                       6.   2

2.      2                       7.   3

3.      3                      8.    4

4.      1                      9.    3

5.       3                     10.  3

Note : In ssc cgl ,Quantitative  aptitude  25 questions : 50 marks for tier -1.

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