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objective Ques (30 results)
11)

A loan has to be returned in two equal yearly instalments each of ₹44,100. If the rate of interest is 5% p.a.. compounded annually, then the total interest paid is:

SSC CGL 2019
A)

₹ 5,840

B)

₹ 6,000

C)

₹ 6,200

D)

₹ 6,280

12)

A sum amounts to ₹14,395.20 at 9.25 % p.a. simple interest in 5.4 years. What will be the simple interest on the same sum at 8.6 % p.a. in 4.5 years?

SSC CGL 2019
A)

₹3,715.20

B)

₹3,627

C)

₹3,797.76

D)

₹3,672

13)

A certain sum amounts to Rs.280900 in 2 years at 6% per annum, interest compounded annually. The sum is:

SSC CGL 2020
A)

Rs.350000

B)

Rs.250000

C)

Rs.200000

D)

Rs.550000

14)

The compound interest on a certain sum at the end of two years is Rs.408. The simple interest on the same sum for the same time is Rs.400. The rate of interest per annum is:

SSC CGL 2020
A)

8%

B)

4%

C)

80%

D)

40%

15)

If in 13 years a fixed sum doubles at simple interest, what will be the interest rate per year? (Correct to two decimal places)

SSC CGL 2020
A)

7.29%

B)

7.69%

C)

7.92%

D)

8.69%

16)

A man buys two watches ‘A’ and ‘B’ at a total cost of ₹800. He sells both watches at the same selling price, and earns a profit of 18% on watch ‘A’ and incurs a loss of 22% on watch ‘B’. Whatare the cost prices of the two watches? (correct to two places after decimal).

SSC CGL 2020
A)

A = ₹350.32 and B = ₹450.68

B)

A = ₹317 and B = ₹483

C)

A = ₹220 and B = ₹580

D)

A = ₹318.37 and B = ₹481.63

17)

A sum lent out at compound interest amounts to Rs.1,250 in one year and to Rs.1,458 in 3 years at a certain rate percentage p.a. What is the simple interest on the same sum for \(5{2\over5}\) years at the same rate of interest?

SSC CGL 2020
A)

Rs. 600

B)

Rs. 480

C)

Rs. 500

D)

Rs. 520

18)

The simple interest on a sum of Rs. 50,000 at the end of two years is Rs.4,000. What would be the compound interest on the same sum at the same rate for the same period ?

SSC CGL 2020
A)

Rs. 4,040

B)

Rs. 4,080

C)

Rs. 4,008

D)

Rs. 8,000

19)

The rate of simple interest on a sum of money is 5% p.a. for the first 4 years, 8% p.a. for the next 3 years and 10% p.a. for the period beyond 7 years. If the simple interest accrued by the sum over a period of 10 years is Rs.1,850, then the sum is :

SSC CGL 2020
A)

Rs.1,650

B)

Rs. 2,750

C)

Rs. 2,500

D)

Rs.1,500

20)

Amit borrowed a sum of Rs. 25,000 on simple interest. Bhola borrowed the same amount on compound interest(interest compounded yearly). At the end of 2 years, Bhola had to pay Rs. 160 more interest than Amit. The rate of interest charged per annum is:

SSC CGL 2020
A)

\(16\over25\)%

B)

\(8\over25\)%

C)

8%

D)

\(3{1\over8}\)%

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