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Practice Test 6
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SSC CGL Simple and Compound Interest Verified Practice Test 6

15 structurally validated Simple and Compound Interest questions with unique options, mapped answers and explanations.

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SSC CGL Practice Session

SSC CGL Simple and Compound Interest Verified Practice Test 6

15 structurally validated Simple and Compound Interest questions with unique options, mapped answers and explanations.

Questions
15
Marking
+2 correct, -0.5 wrong
Format
15-question practice session
Preview all 15 questions in SSC CGL Simple and Compound Interest Verified Practice Test 6 (no login required)
  1. Rate

    1. At what rate will Rs. 1200 earn Rs. 240 SI in 4 years?

    • A. 4%
    • B. 5% (Correct)
    • C. 6%
    • D. 7%

    Explanation: R = SI x 100 / PT.

  2. Time

    2. In how many years will Rs. 1000 amount to Rs. 1200 at 10% SI?

    • A. 1
    • B. 2 (Correct)
    • C. 3
    • D. 4

    Explanation: Interest = Rs. 200, so t = 200 x 100 / (1000 x 10).

  3. Compound Interest

    3. CI on Rs. 2000 at 10% for 2 years is:

    • A. Rs. 380
    • B. Rs. 400
    • C. Rs. 420 (Correct)
    • D. Rs. 440

    Explanation: Amount = 2420, so CI = 420.

  4. Difference SI and CI

    4. Difference between CI and SI on Rs. 3000 for 2 years at 10% is:

    • A. Rs. 20
    • B. Rs. 25
    • C. Rs. 30 (Correct)
    • D. Rs. 35

    Explanation: Difference for 2 years = P x r^2 / 10000.

  5. Principal

    5. If SI is Rs. 360 at 6% for 3 years, principal is:

    • A. Rs. 1800
    • B. Rs. 1900
    • C. Rs. 2000 (Correct)
    • D. Rs. 2100

    Explanation: P = SI x 100 / RT.

  6. Annual Increase

    6. A sum becomes Rs. 4840 in 2 years at 10% CI. Principal is:

    • A. Rs. 3800
    • B. Rs. 3900
    • C. Rs. 4000 (Correct)
    • D. Rs. 4100

    Explanation: Principal = 4840 / 1.21.

  7. Simple Interest

    7. SI on Rs. 6000 at 5% for 1 year is:

    • A. Rs. 250
    • B. Rs. 280
    • C. Rs. 300 (Correct)
    • D. Rs. 320

    Explanation: SI = 6000 x 5 / 100.

  8. Half-Yearly CI

    8. At 14% compounded half-yearly, the rate per half-year is:

    • A. 5%
    • B. 6%
    • C. 7% (Correct)
    • D. 8%

    Explanation: Half-yearly rate is half of the annual rate.

  9. Amount from SI

    9. If SI is Rs. 240 on Rs. 800, amount is:

    • A. Rs. 980
    • B. Rs. 1000
    • C. Rs. 1020
    • D. Rs. 1040 (Correct)

    Explanation: Amount = 800 + 240.

  10. Growth

    10. If a sum doubles in 6 years at CI, it becomes four times in:

    • A. 10 years
    • B. 12 years (Correct)
    • C. 14 years
    • D. 16 years

    Explanation: Doubling twice takes 6 + 6 years.

  11. Present Worth

    11. What principal will amount to Rs. 1560 in 2 years at 20% SI?

    • A. Rs. 1100
    • B. Rs. 1200
    • C. Rs. 1300 (Correct)
    • D. Rs. 1400

    Explanation: A = P(1 + rt/100) = 1.4P.

  12. Compound Amount

    12. At 5% CI for 2 years, Rs. 4000 becomes:

    • A. Rs. 4200
    • B. Rs. 4300
    • C. Rs. 4410 (Correct)
    • D. Rs. 4520

    Explanation: 4000 x 1.05 x 1.05.

  13. SI

    13. SI on ₹4500 at 8% per annum for 3 years is:

    • A. ₹1050
    • B. ₹1080 (Correct)
    • C. ₹1200
    • D. ₹1350

    Explanation: SI = 4500×8×3/100 = 1080.

  14. CI

    14. CI on ₹5000 at 10% per annum for 2 years is:

    • A. ₹1000
    • B. ₹1025
    • C. ₹1050 (Correct)
    • D. ₹1100

    Explanation: A = 5000×1.1² = 6050. CI = 1050.

  15. Rate

    15. At what rate will ₹2400 become ₹3000 in 5 years (SI)?

    • A. 4%
    • B. 5% (Correct)
    • C. 6%
    • D. 8%

    Explanation: SI=600. R=600×100/(2400×5)=5%.