Sample Materials of SSC CGL (Tier -2) Study Kit

Subject: Numerical Aptitude

Topic: Compound Interest

1. The difference between compound interest and simple interest on an amount of Rs 15,000 for 2 years is Rs 96. What is the rate of interest per annum?

(a) 8
(b) 11
(c) 12
(d) None of these

2. The difference between simple and compound interests and compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs) is:

(a) 625
(b) 620
(c) 640
(d) 660

3. The compound interest on a sum of money for 2 years is Rs 832 and the simple interest on the same sum for the same period is Rs 800. The difference between the compound interest and the simple interest for 3 years will be:

(a) Rs 50
(b) Rs 67
(c) Rs 98.56
(d) Rs 75.45

4. The difference between the simple interest on a certain sum at the rate of 10% per annum for 2 years and compound interest which is compounded every 6 months is Rs 124.05. What is the principal sum?

(a) Rs 9000
(b) Rs 8000
(c) Rs 10,000
(d) Rs 13,000

5. The difference between compound interest and simple interest on a sum for 2 years at 10% per annum, when the interest is compounded annually is Rs 16. If the interest were compounded half-yearly, the difference in two interests would be:

(a) Rs 24.81
(b) Rs 30
(c) Rs 31.61
(d) Rs 35

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