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Explore popular questions from Compound Interest for SSC. This collection covers Compound Interest previous year SSC questions hand picked by experienced teachers.

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Compound Interest

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

A

9%

10%

C

11%

D

13%

Explanation


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Q 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

Rs.824.32

C

Rs.912. 86

D

Rs.828. 82

Explanation

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

A

3 years

B

{tex}2\frac{1}{2}{/tex}years

2 years

D

{tex}1\frac{1}{2}{/tex}years

Explanation

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

3 years

B

{tex}2\frac{1}{2}{/tex}years

C

2 years

D

{tex}3\frac{1}{2}{/tex}years

Explanation

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

A

Rs.200

B

Rs.225

Rs.250

D

Rs.220

Explanation

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

A

5%

10%

C

15%

D

20%

Explanation

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

A

{tex}4\frac{1}{2}{/tex}%

B

{tex}4\frac{1}{5}{/tex}%

{tex}4\frac{1}{6}{/tex}%

D

{tex}4\frac{1}{3}{/tex}%

Explanation

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

A

Rs.1,225

B

Rs.1,270

C

Rs.1,245

Rs.1,250

Explanation

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Q 9. The compound interest on Rs.16,000 for 9 months at 20% per annum, interest being compounded quarterly, is

A

Rs.2,520

B

Rs.2,524

Rs.2,522

D

Rs.2,518

Explanation

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Q 10. 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

Rs.1,575.20

D

Rs.2,000

Explanation

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Q 11. The compound interest on 2000 in 2 years if the rate of interest is 4% per annum for the first year and 3% per annum for the second year, will be

Rs.142.40

B

Rs.140.40

C

Rs.141.40

D

Rs.143.40

Explanation

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Q 12. At what rate per annum will Rs.32000 yield a compound interest of Rs.5044 in 9 months interest being compounded quarterly ?

20%

B

32%

C

50%

D

80%

Explanation


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Q 13. In what time will Rs.10,000 amount to Rs.13310 at 20% per annum compounded half yearly?

{tex}1\frac{1}{2}{/tex}years

B

2 years

C

{tex}2\frac{1}{2}{/tex}years

D

3 years

Explanation

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Q 14. A certain sum of money yields Rs.1261 as compound interest for 3 years at 5% per annum. The sum is

A

Rs.9000

B

Rs.8400

C

Rs.7500

Rs.8000

Explanation

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Q 15. 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

Rs.7,500

D

Rs.7,700

Explanation

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Q 16. A certain sum amounts to Rs.5,832 in 2 years at 8% per annum compound interest, the sum is

Rs.5,000

B

Rs.5,200

C

Rs.5,280

D

Rs.5,400

Explanation

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Q 17. The compound interest on Rs.6,000 at 10% per annum for {tex}1\frac{1}{2}{/tex}years, when the interest being compounded annually, is

A

Rs.910

B

Rs.870

Rs.930

D

Rs.900

Explanation


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Q 18. In what time Rs.8,000 will amount to Rs.9,261 at 10% per annum compound interest, when the interest is compounded half yearly ?

A

{tex}3\frac{1}{2}{/tex}years

{tex}1\frac{1}{2}{/tex}years

C

{tex}2\frac{1}{2}{/tex}years

D

2 years

Explanation

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Q 19. At what rate per cent per annum will a sum of Rs.1,000 amounts to Rs.1,102.50 in 2 years at compound interest ?

5%

B

5.5%

C

6%

D

6.5%

Explanation

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Q 20. In how many years will a sum of Rs.800 at 10% per annum compound interest, compounded semi-annually becomes Rs.926.10 ?

{tex}1\frac{1}{2}{/tex}years

B

{tex}1\frac{2}{3}{/tex}years

C

{tex}2\frac{1}{3}{/tex}years

D

{tex}2\frac{1}{2}{/tex}years

Explanation


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Q 21. An amount of Rs.6,000 lent at 5% per annum compound interest for 2 years will become

A

Rs.600

B

Rs.6,600

C

Rs.6,610

Rs.6,615

Explanation

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Q 22. In what time will Rs.1000 amounts to ₹1331 at 20% per annum, compounded half yearly ?

{tex}1\frac{1}{2}{/tex}years

B

2 years

C

1 year

D

{tex}2\frac{1}{2}{/tex}years

Explanation

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Q 23. 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

2 years

D

2.5 years

Explanation

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Q 24. A sum of Rs.8000 will amount to Rs.8820 in 2 years if the interest is calculated every year. The rate of compound interest is

A

6%

B

7%

C

3%

5%

Explanation