Previous Year Compound Interest (CI) and Simple Interest (SI) Questions for SSC MTS Exam
SSC MTS 2017
1. A certain sum becomes k times in 6 years at compound interest. In 24 years it will become how many times?
- 4k
- k 4
- k 3
- 3k
2. A sum was invested on simple interest at a certain rate for 2 years. If the interest rate is increased by 4%, then the interest increases by Rs 160. What is the sum (in Rs) invested?
- 2000
- 3000
- 3500
- 4000
3. A certain amount triples in 8 years, when invested at simple interest. In how many years will it become 17 times?
- 56
- 64
- 51
- 75
4. Rs 2300 are invested for 3 years in a scheme of simple interest at a rate of 12% per annum. What is the amount obtained (in Rs) after 3 years?
- 3128
- 3456
- 3724
- 2950
5. A sum of Rs 5000 is invested at a scheme of compound interest. The interest rate is 20%. If the interest is compounded half yearly, then what is interest (in Rs) after 1 year?
- 1000
- 2200
- 1500
- 1050
6. A certain amount becomes 4 times in 8 years, when invested at compound interest. In how many years will it become 256 times?
- 64
- 32
- 20
- 48
7. Rs 3500 are invested for 3 years in a scheme of simple interest at a rate of 16% per annum. What will be the amount (in Rs) obtained after 3 years?
- 5050
- 7200
- 5180
- 4500
8. A certain amount is invested in a scheme of simple interest. It amounts to Rs 3600 in 5 years and Rs 4560 in 8 years. What is the rate of interest (in percentage)?
- 14
- 24
- 16
- 20
9.A certain amount becomes 3 times in 4 years, when invested at compound interest. In how many years will it become 243 times?
- 25
- 60
- 12
- 20
10.Rs 5000 are invested in a scheme of compound interest. If the rate of interest is 12% per annum, then what is the interest earned (in Rs) in 2 years?
- 1450
- 1272
- 1520
- 3450
11.A certain principal is invested in a scheme of compound interest. The amount obtained after 1 year is Rs 2400 and the amount obtained after 2 years is Rs 2880. What is the rate of interest (in percentage)?
- 20
- 15
- 25
- 10
12. A certain amount doubles in 5 years, when invested at simple interest. In how many years will it become 8 times?
- 35
- 40
- 35
- 45
13. An amount of Rs 15000 is invested in a scheme of compound interest. If rate of interest is 10% per annum, then what is the amount (in Rs) obtained after 3 years?
- 17365
- 18150
- 19965
- 20140
14. An amount of Rs 35000 is invested in a scheme of compound interest. If rate of interest is 20% per annum, then what will be the amount (in Rs) obtained after 2 years?
- 56200
- 50400
- 48600
- 42500
15. An amount invested at simple interest gives Rs 2550 interest at rate of 17% per annum in 3 years. What is the principal (in Rs)?
- 4000
- 5000
- 6000
- 4500
16.A certain principal is invested in a scheme of compound interest. The amount obtained after 2 year is Rs 1210 and the amount obtained after 3 years is Rs 1331. What is the rate of interest (in percentage)?
- 5
- 10
- 15
- 20
17. A certain amount is invested in a scheme of simple interest. It amounts to Rs 3096 in 6 years and Rs 3744 in 9 years. What is the rate of interest (in percentage)?
- 12
- 15
- 18
- 20
18. A amount becomes 9 times in 32 years when kept in a scheme of simple interest. In how many years will it become 19 times?
- 72
- 64
- 78
- 84
19. With a given annual interest rate a sum of Rs 10000 gives a total compound interest of Rs 1881 in 2 years. What will be the total simple interest in 3 years for the same principal amount with the same annual interest rate?
- Rs. 2700
- Rs. 3000
- Rs. 2500
- Rs. 2300
20. An amount becomes 5 times in 8 years when kept in a scheme of simple interest. In how many years will it become 16 times?
- 16
- 30
- 24
- 28
21. Same principal is invested in schemes of compound interest and simple interest. The interest obtained in compound interest and simple interest schemes after 2 years are Rs 3360 and Rs 2800 respectively. If the rate of interest is 40%, then what is the principal (in Rs)?
- 3500
- 4500
- 2500
- 5500
22. A sum was invested for 7 years at a certain annual rate of simple interest. If the interest rate is increased by 8%, then the interest increases by Rs 2240. What is the sum (in Rs) invested?
- 3500
- 4000
- 5000
- 6000
23. A certain principal invested in a scheme of compound interest. The amount obtained after 1 year is Rs 3900 and the amount obtained after 2 years is Rs.5070. What is the rate of interest (in percentage)?
- 25
- 30
- 35
- 37.5
24. An amount invested at simple interest gives Rs 4320 interest at rate of 18% in 4 years. What is the principal (in Rs)?
- 5000
- 5500
- 6000
- 6500
25. Find the simple interest on a capital of Rs 90,000 at a rate of 16.5% per annum for 3 years.
- Rs.44500
- Rs.42500
- Rs.43550
- Rs.44500
26. What will be the annual simple interest rate if a principal amount of Rs 88,000 becomes Rs 1,61,920 in 6 years?
- 11%
- 12%
- 13%
- 14%
27. The population of a state increases at the rate of 10% per annum. If the present population of state is 439230, then what was the population of state 4 years ago?
- 30000
- 300000
- 350000
- 400000
28. What is the sum (in Rs) of money which became Rs 17545 at the rate of 10% per annum compound interest in two years?
- 14500
- 13800
- 12800
- 15200
29. What is the compound interest (in Rs) on a sum of Rs 10000 for 3 years at the rate of 2% per annum compounded annually?
- 492
- 300
- 612
- 624
30. In what time an amount of Rs 1,20,000 would yield an interest of Rs 62,400 if the rate of simple interest at 13% per annum?
- 3 years
- 2 years
- 4 years
- 5 years
31. A sum becomes two times in 7 years at compound interest. In how many years the same sum will become 16 times?
- 21
- 28
- 35
- 19
32. In how much time (in years) will Rs 7200 amount to Rs 8928 at simple interest at the rate of 8% per annum?
- 3
- 4
- 2
- 6
33. If a principal amount becomes Rs 2,07,360 in 4 years with a compound interest rate of 20% per annum, then what is the value of principal amount?
- Rs.111000
- Rs.110000
- Rs.120000
- Rs.100000
34. At a simple rate of interest, an amount of Rs 2100 becomes Rs 2352 in 2 years. If the interest rate is decreased by 1% then what is the new interest in 2 years?
- Rs.210
- Rs.220
- Rs.242
- Rs.252
35. What is the compound interest for a sum of Rs 20000 in 2 years, if the rate of interest is 18% per annum?
- Rs.7748
- Rs.7848
- Rs.7648
- Rs.7948
36.A sum of Rs 9000 brings simple interest of Rs 2970 in three years. If the interest rate is increased by 2 %, what will be the interest in three years on the same capital?
- Rs.3520
- Rs. 3510
- Rs. 3540
- Rs. 3550
37. What sum (in Rs) will amount to Rs 6900 in 5 years at simple interest at the rate of 3%?
- 5250
- 6800
- 6000
- 6300
38. What is the sum (in Rs) of money which will become Rs 29160 at the rate of 8% per annum at compound interest in two years?
- 25000
- 26000
- 28000
- 20000
39. Sita deposited Rs 5,000 at 10% simple interest for 2 years. How much more money will Sita have in her account at the end of two years, if it is compounded semi-annually?
- Rs.50
- Rs.40
- Rs.77.50
- Rs.85.50
40. Rs. 6000 becomes Rs 7200 in 4 years at a certain rate of simple interest. If the rate of interest becomes 1.5 times, then what will be the amount received on the same principal in 5 years?
- Rs.8000
- Rs.8250
- Rs.9250
- Rs.9000
42. What is the sum (in Rs) of money which will become Rs 201840 at the rate of 16% per annum at compound interest in two years?
- 160000
- 150000
- 180000
- 200000
MTS 2019
43.The simple interest on a sum for a certain number of years, same as the rate percentage of the interest, is equal to the sum itself. The number of years is equal to:
- 5
- 10
- 8
- 1
44. A person deposits ₹ 500 for 2 years, ₹ 600 for 5 years and ₹ 1000 for 6 years at the same rate of simple interest. If he earns a simple interest of ₹ 1000, then what is the rate of interest per year?
- 15%
- 5%
- 10%
- 20%
45. If a sum becomes ₹ 4000 after two years and ₹ 6000 after four years at the same rate of compound interest (compounded annually), what is the sum?
- ₹ 2888.88
- ₹ 2666.66
- ₹ 2777.77
- ₹ 2866.66
46.The simple interest for 9 years on a principal is 3/5 of the principal. What is the rate of interest per annum?
- 6%
- 4%
- 6.66 %
- 5.66 %
47. A sum invested at compound interest (compounded annual) amounts to ₹ 750 at the end of first year and ₹ 900 at the end of second year. What is the sum?
- ₹ 700
- ₹ 625
- ₹ 600
- ₹ 650
48. At a fixed simple interest rate, the sum of ₹ 500 becomes ₹ 600 in 2 years. If the interest rate is halved, then the amount of ₹ 500 will be in 2 years.
- ₹ 500
- ₹ 520
- ₹ 560
- ₹ 550
49. The simple interest of two years on a certain amount at an interest rate of 20% per annum is ₹ 250. What is the compound interest (compounded annually) on the same amount for the same period at the same interest rate?
- ₹ 275
- ₹ 900
- ₹ 550
- ₹ 750
50. A sum of ₹ 2000 is invested on compound interest (compounded annually). If the rate of interest is 10% per annum, what will be the amount after 30 months?
- ₹ 2538
- ₹ 2524
- ₹ 2541
- ₹ 2532
51. ₹ 480 is invested at simple interest. It becomes ₹ 520 after 20 months. What is the interest rate per annum?
- 6%
- 5%
- 8%
- 4%
52. A sum of ₹ 2400 becomes ₹ 3600 in 6 years at a certain rate of compound interest (compounded annually). What will be the amount after 12 years at the same rate of interest?
- ₹ 6000
- ₹ 4800
- ₹ 5400
- ₹ 4500
53. A certain sum invested on compound interest (compounded annually) grows to ₹ 5040 in three years. If the rate of interest is 20% for the first year, 40% for the second and 50% for the third year, then what is the sum?
- ₹ 1210
- ₹ 2566
- ₹ 1800
- ₹ 2000
54. A sum of ₹ 1500 is invested at simple interest for x months. If the rate of interest is x/8 % per annum, then the sum grows to ₹ 1590. What is the value of x?
- 3.2
- 2.4
- 32
- 24
55. The compound interest (compounded annually) on a sum of money invested for two years is ₹ 10125. If the rate of interest is 25% per annum, then what is the amount after these two years?
- ₹ 28125
- ₹ 32275
- ₹ 30625
- ₹ 26275
56. A sum of money becomes double of itself in 50 months when invested on simple interest. What is the rate of interest per annum?
- 26%
- 25%
- 20%
- 24%
57. A sum of ₹ 1000 is invested on compound interest (compounding annually) for three years. If the rate of interest is 10% per annum for the first two years and 50% per annum for the third year, then what will be the interest?
- ₹ 612
- ₹ 655
- ₹ 815
- ₹ 756
58. ₹ 20000 is invested on compound interest (compounded half yearly) at the rate of 20% per annum, then what will be the interest after two years?
- ₹ 8800
- ₹ 8824
- ₹ 9282
- ₹ 9428
59. A sum of ₹ 800 invested on simple interest becomes ₹1200 in 8 years. What will be simple interest for 6 years on the sum at the same rate of interest?
- ₹ 240
- ₹ 210
- ₹ 250
- ₹ 300
60. A sum of ₹ 10000 is invested in three schemes of simple interest. The annual interest rates are respectively, 4%, 6% and 10%. ₹ 4000 were invested in the first scheme. If the total interest earned after five years is ₹ 2800, then how much money was invested in the third scheme?
- ₹ 1500
- ₹ 5000
- ₹ 1000
- ₹ 3000
61. A sum of ₹ 1200 is invested at compound interest (compounded half yearly). If the rate of interest is 10% per annum, then what will be the amount after 18 months?
- ₹ 1389.15
- ₹ 1185.45
- ₹ 1563.25
- ₹ 1295.35
62. The compound interest for two years at 12% per annum is ₹ 477. What is the Principal amount (in₹) invested?
- 1875
- 1500
- 2000
- 1650
63. The simple interest on a sum of money for 2 years at certain rate of interest is ₹ 320. The compound interest, compounded annually on the same sum for the same duration and at the same rate of interest is ₹ 384. The sum (in₹ ) is:
- 400
- 250
- 200
- 309
64. Ramesh borrowed ₹ 12000 at the rate of 13% per annum simple interest. What amount will Ramesh pay in 5 years to repay the loan?
- ₹ 18800
- ₹ 20000
- ₹ 19800
- ₹ 18600
65. At what rate percent per annum in 3 years will the amount of ₹ 6000 become ₹ 7986, if interest is compounded annually?
- 10%
- 8%
- 12.5%
- 11%
66. Simple interest on an amount of ₹ 2,800 at the end of 3 years is ₹ 420. What will be the simple interest on ₹ 3200 for the same rate and same period?
- ₹ 480
- ₹ 560
- ₹ 440
- ₹ 640
67. What will be the compound interest (compounded annually) of 3 years at the rate of 12.5% on an amount of ₹ 5120?
- ₹ 2280
- ₹ 1960
- ₹ 2120
- ₹ 2170
68. A certain sum amounts to ₹ 20720 in four years and ₹ 24080 in six years at a certain rate of simple interest. The sum (in Rs.) is:
- 11000
- 12000
- 14000
- 15000
69. A sum of ₹ 50,000 is lent partly at 4% and remaining at 5% per annum. If the yearly simple interest on the average is 4.6%, the two parts are:
- ₹ 22500,₹ 27500
- ₹ 15000, ₹ 35000
- ₹ 20000, ₹ 30000
- ₹ 25000, ₹ 25000
70. If the compound interest rate is 20% per annum, compounded half yearly, then what will be the interest of two years on the principal of ₹ 100000?
- ₹ 46,410
- ₹ 44,000
- ₹ 21,000
- ₹ 33,100
71. A principal increases by 21% over 2 years with compound interest. What will be the simple interest in 4 years at the same interest rate at ₹ 1000?
- ₹ 320
- ₹ 400
- ₹ 360
- ₹ 420
72. What is the effective annual rate of interest corresponding to a rate of 10% per annum compounded half-yearly?
- 10.75%
- 10.5%
- 10%
- 10.25%
73. X took a loan of ₹ 5000 on simple interest, the rate of interest being the same as the number of years for which the loan was taken. If the interest paid was ₹ 1800, then what was the rate of interest?
- 6.5%
- 6%
- 5%
- 5.5%
74. If the difference between simple and compound interest on a sum of money for 2 years at 5% p.a is ₹ 125, the sum is (in Rs.)?
- 50000
- 5000
- 10000
- 1000
75. At the rate of 8% the amount invested earns a simple interest of ₹ 240 after 3 years. If the rate of interest had been 5% more. then how much more interest would it have earned?
- ₹ 105
- ₹ 180
- ₹ 150
- ₹ 135
76. How much will a principal of ₹ 5000 invested on compound interest (compounded annually) amount to, in three years at a rate of 50% per annum?
- ₹ 16,375
- ₹ 11,250
- ₹ 16,875
- ₹ 17,275
77. The simple interest on ₹ x for m years at a rate of r% is equal to the same on ₹ y for n years at the rate of s%, then x / y is equal to:
- nr/ms
- ns/mr
- ms/nr
- mr/ns
78. How long will it take for the principal of ₹ 640 to become an amount of ₹ 768 with a simple interest rate of 2.5% per annum?
- 10 years
- 8 years
- 9 years
- 11 years
79. A principal increases by 50% over five years at a simple interest rate. What will be the compound interest for 3 years at ₹ 20000 with the same interest rate?
- ₹ 6620
- ₹ 3310
- ₹ 5760
- ₹ 2880
80. What is the compound interest on ₹ 5000 in 2 years at the rate of 20% per annum? (interest compounded half yearly)
- ₹ 2340.50
- ₹ 2275.50
- ₹ 2290.50
- ₹ 2320.50
81. A sum becomes ₹ 500 in 5 years and ₹ 600 in 7 years at a certain rate percent p.a at of simple interest. What is the sum?
- ₹ 300
- ₹ 400
- ₹ 200
- ₹ 250
82. ₹ 3600 invested on compound interest becomes ₹ 4900 in 2 years (interest compounded annually). What is the interest rate per year?
- 18.33 %
- 17.33 %
- 15.66 %
- 16.66 %
83. What will be the compound interest on a sum of ₹ 31250, at 12% compound interest ( interest compounded yearly) in 2 years 8 months?
- ₹ 11048
- ₹ 11096
- ₹ 11068
- ₹ 11086
84. A certain sum amounts to ₹ 12096 at 8% p.a. in 5.5 years at simple interest. What will be the simple interest on the same sum at 10% p.a. in 8 years?
- ₹ 6760
- ₹ 6810
- ₹ 6680
- ₹ 6720
85. If the rate of interest is 20% per annum, compounded yearly and the interest on a certain sum in the second year is ₹ 250, then what will be the interest on the same sum in the fifth year?
- ₹ 518
- ₹ 400
- ₹ 360
- ₹ 432
86. A person borrowed an amount at 8% annual simple interest and in 8 years, the interest received was ₹ 5,490, which was less than the amount borrowed. This amount was:
- ₹ 15,500
- ₹ 15,250
- ₹ 14,280
- ₹ 15,600
87. A fixed amount is lent at a rate of x% simple interest per annum for x/2 years. The simple interest of the amount is equal to one third of the amount. What is the value of x?
- 12
- 10
- 9
- 6
88. Any amount invested at a compound interest rate of 10% per annum becomes ₹ 19965 in 3 years. This amount will become ₹ x in 2 years at the same interest rate. If in both cases the interest is compounded annually, what is the x value?
- 18855
- 18768
- 18867
- 18876
89. Pankaj invests an amount divided into three different schemes A, B and C at 10%, 12% and 15% per annum, respectively, and the accumulated total interest in one year is ₹ 3200. The amount invested in plans A, B and C is in the ratio of 8: 5: 12. What amount does he invest in Plan B?
- ₹ 5500
- ₹ 4500
- ₹ 5000
- ₹ 4000
90. In how many years will a money become triple of itself at the rate of 10% per annum simple interest?
- 25
- 20
- 15
- 18
91. If compound interest is compounded annually, then what sum, at rate of 8% compounded interest will the amount be ₹ 24494.40 in 2 years?
- ₹ 21200
- ₹ 22400
- ₹ 21000
- ₹ 22000
92. The difference between 2 years compound interest and simple interest on an amount at 20% per annum is ₹ 200. The amount is:
- ₹ 3000
- ₹ 4500
- ₹ 4000
- ₹ 5000
93. What is today's value of ₹ 14739 payable in 3 years at 6.25% compound annual interest rate?
- ₹ 12184
- ₹ 12288
- ₹ 12473
- ₹ 12148
94. If the simple interest on a rate of ₹ 28000 for 3 years in a year is ₹ 225 more than the simple interest of the same rate in 3 years on an amount of ₹ 27000, then what will be the simple interest of 13/5 years on ₹ 35500 at the same rate ?
- ₹ 6966.50
- ₹ 6922.50
- ₹ 6953.00
- ₹ 6723.50
95. What is the simple interest on ₹ 35000 at 18/7% per annum for a period of 9 months?
- ₹ 675
- ₹ 600
- ₹ 875
- ₹ 700
96. The compound interest on a certain sum at 15% p.a. compounded yearly for 2 years 4 months is ₹ 9327. The sum is:
- ₹ 24000
- ₹ 25000
- ₹ 20000
- ₹ 27000
97. A sum of ₹ 9000 amounts to ₹ 13356 at a certain rate percent per annum in 4.4 years at simple interest. What will be the simple interest on the same sum at double the rate for 7/3 years?
- ₹ 4640
- ₹ 4760
- ₹ 4260
- ₹ 4620
98. What is the compound interest on the sum of ₹ 15625 for 2 years at 12% per annum, if the interest is compounded on 8-months?
- ₹ 3075
- ₹ 4058
- ₹ 3675
- ₹ 4088
99. If the compound interest in the third year at 8 % p.a. on a certain sum is ₹ 3600, then what is the difference between the compound interest in the 4th and 5th year? (nearest to an integer in ₹ )
- ₹ 304
- ₹ 335
- ₹ 288
- ₹ 311
100. If the simple interest on a sum of ₹ x at 6% p.a. for two years is double the simple interest on another sum of ₹ y at 9% per annum for three years, then which of the following is true?
- x=2y
- x=4.5y
- 3x=7y
- 2x=5y