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? 

  1. 4k 
  2. k 4 
  3. k 3 
  4. 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? 

  1. 2000 
  2. 3000 
  3. 3500 
  4. 4000

3. A certain amount triples in 8 years, when invested at simple interest. In how many years will it become 17 times?

  1. 56 
  2. 64 
  3. 51 
  4. 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? 

  1. 3128 
  2. 3456 
  3. 3724 
  4. 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? 

  1. 1000 
  2. 2200 
  3. 1500 
  4. 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? 

  1. 64 
  2. 32 
  3. 20 
  4. 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?  

  1. 5050 
  2. 7200 
  3. 5180 
  4. 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)? 

  1. 14 
  2. 24 
  3. 16 
  4. 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? 

  1. 25
  2. 60 
  3. 12 
  4. 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? 

  1. 1450 
  2. 1272 
  3. 1520 
  4. 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)? 

  1. 20 
  2. 15 
  3. 25 
  4. 10

12. A certain amount doubles in 5 years, when invested at simple interest. In how many years will it become 8 times? 

  1. 35 
  2. 40 
  3. 35 
  4. 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? 

  1. 17365 
  2. 18150 
  3. 19965 
  4. 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? 

  1. 56200 
  2. 50400 
  3. 48600 
  4. 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)?

  1. 4000 
  2. 5000 
  3. 6000 
  4. 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)? 

  1.  5 
  2. 10 
  3. 15 
  4. 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)? 

  1. 12 
  2. 15 
  3. 18 
  4. 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? 

  1. 72 
  2. 64 
  3. 78 
  4. 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? 

  1. Rs. 2700 
  2. Rs. 3000 
  3. Rs. 2500 
  4. 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? 

  1. 16 
  2. 30 
  3. 24 
  4. 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)? 

  1. 3500 
  2. 4500 
  3. 2500 
  4. 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? 

  1. 3500 
  2. 4000 
  3. 5000 
  4. 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)? 

  1. 25 
  2. 30 
  3. 35 
  4. 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)? 

  1. 5000 
  2. 5500 
  3. 6000 
  4. 6500

25. Find the simple interest on a capital of Rs 90,000 at a rate of 16.5% per annum for 3 years. 

  1. Rs.44500
  2. Rs.42500 
  3. Rs.43550 
  4. 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? 

  1.  11% 
  2. 12% 
  3. 13% 
  4. 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? 

  1. 30000 
  2. 300000 
  3. 350000 
  4. 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? 

  1. 14500 
  2. 13800 
  3. 12800 
  4. 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? 

  1. 492 
  2. 300 
  3. 612
  4. 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?

  1. 3 years 
  2. 2 years 
  3. 4 years 
  4. 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? 

  1. 21 
  2. 28 
  3. 35 
  4. 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? 

  1. 3 
  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? 

  1. Rs.111000 
  2. Rs.110000 
  3. Rs.120000 
  4. 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? 

  1. Rs.210 
  2. Rs.220 
  3. Rs.242 
  4. 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?

  1. Rs.7748 
  2. Rs.7848 
  3. Rs.7648 
  4. 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? 

  1. Rs.3520 
  2. Rs. 3510 
  3. Rs. 3540 
  4. Rs. 3550

37. What sum (in Rs) will amount to Rs 6900 in 5 years at simple interest at the rate of 3%? 

  1. 5250 
  2. 6800 
  3. 6000 
  4. 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? 

  1. 25000 
  2. 26000 
  3. 28000 
  4. 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? 

  1. Rs.50 
  2. Rs.40 
  3. Rs.77.50 
  4. 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? 

  1. Rs.8000 
  2. Rs.8250 
  3. Rs.9250 
  4. 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? 

  1. 160000 
  2. 150000 
  3. 180000 
  4. 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: 

  1. 10 
  2. 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? 

  1. 15% 
  2. 5% 
  3. 10% 
  4. 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? 

  1. ₹ 2888.88 
  2. ₹ 2666.66 
  3. ₹ 2777.77 
  4. ₹ 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? 

  1. 6% 
  2. 4% 
  3. 6.66 % 
  4. 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? 

  1. ₹ 700 
  2. ₹ 625 
  3. ₹ 600 
  4. ₹ 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. 

  1. ₹ 500 
  2. ₹ 520 
  3. ₹ 560 
  4. ₹ 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? 

  1. ₹ 275 
  2. ₹ 900 
  3. ₹ 550 
  4. ₹ 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? 

  1. ₹ 2538 
  2. ₹ 2524 
  3. ₹ 2541 
  4. ₹ 2532

51. ₹ 480 is invested at simple interest. It becomes ₹ 520 after 20 months. What is the interest rate per annum? 

  1. 6% 
  2. 5% 
  3. 8% 
  4. 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? 

  1. ₹ 6000 
  2. ₹ 4800 
  3. ₹ 5400 
  4. ₹ 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? 

  1. ₹ 1210 
  2. ₹ 2566 
  3. ₹ 1800 
  4. ₹ 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? 

  1. 3.2 
  2. 2.4 
  3. 32 
  4. 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? 

  1. ₹ 28125 
  2. ₹ 32275 
  3. ₹ 30625 
  4. ₹ 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? 

  1. 26% 
  2. 25% 
  3. 20% 
  4. 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? 

  1. ₹ 612 
  2. ₹ 655 
  3. ₹ 815 
  4. ₹ 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? 

  1. ₹ 8800 
  2. ₹ 8824 
  3. ₹ 9282 
  4. ₹ 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? 

  1. ₹ 240 
  2. ₹ 210 
  3. ₹ 250  
  4. ₹ 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? 

  1. ₹ 1500 
  2. ₹ 5000 
  3. ₹ 1000 
  4. ₹ 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? 

  1. ₹ 1389.15 
  2. ₹ 1185.45 
  3. ₹ 1563.25 
  4. ₹ 1295.35

62. The compound interest for two years at 12% per annum is ₹ 477. What is the Principal amount (in₹) invested? 

  1. 1875 
  2. 1500 
  3. 2000 
  4. 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: 

  1. 400 
  2. 250 
  3. 200 
  4. 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? 

  1. ₹ 18800 
  2. ₹ 20000 
  3. ₹ 19800 
  4. ₹ 18600

65. At what rate percent per annum in 3 years will the amount of ₹ 6000 become ₹ 7986, if interest is compounded annually? 

  1. 10% 
  2. 8% 
  3. 12.5% 
  4. 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? 

  1. ₹ 480 
  2. ₹ 560 
  3. ₹ 440 
  4. ₹ 640

67. What will be the compound interest (compounded annually) of 3 years at the rate of 12.5% on an amount of ₹ 5120? 

  1. ₹ 2280 
  2. ₹ 1960 
  3. ₹ 2120 
  4. ₹ 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: 

  1. 11000 
  2. 12000 
  3. 14000 
  4. 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: 

  1. ₹ 22500,₹ 27500 
  2. ₹ 15000, ₹ 35000 
  3. ₹ 20000, ₹ 30000 
  4. ₹ 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? 

  1. ₹ 46,410 
  2. ₹ 44,000 
  3. ₹ 21,000 
  4. ₹ 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? 

  1. ₹ 320 
  2. ₹ 400 
  3. ₹ 360 
  4. ₹ 420

72. What is the effective annual rate of interest corresponding to a rate of 10% per annum compounded half-yearly? 

  1. 10.75% 
  2. 10.5% 
  3. 10% 
  4. 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? 

  1. 6.5% 
  2. 6% 
  3. 5% 
  4. 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.)? 

  1. 50000 
  2. 5000 
  3. 10000 
  4. 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? 

  1. ₹ 105 
  2. ₹ 180 
  3. ₹ 150 
  4. ₹ 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?

  1. ₹ 16,375 
  2. ₹ 11,250 
  3. ₹ 16,875
  4. ₹ 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:

  1. nr/ms 
  2. ns/mr 
  3. ms/nr 
  4. 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? 

  1. 10 years 
  2. 8 years 
  3. 9 years 
  4. 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? 

  1. ₹ 6620 
  2. ₹ 3310 
  3. ₹ 5760 
  4. ₹ 2880

80. What is the compound interest on ₹ 5000 in 2 years at the rate of 20% per annum? (interest compounded half yearly) 

  1. ₹ 2340.50 
  2. ₹ 2275.50 
  3. ₹ 2290.50 
  4. ₹ 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? 

  1. ₹ 300 
  2. ₹ 400 
  3. ₹ 200 
  4. ₹ 250

82. ₹ 3600 invested on compound interest becomes ₹ 4900 in 2 years (interest compounded annually). What is the interest rate per year? 

  1. 18.33 % 
  2. 17.33 % 
  3. 15.66 % 
  4. 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? 

  1. ₹ 11048 
  2. ₹ 11096 
  3. ₹ 11068 
  4. ₹ 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? 

  1.  ₹ 6760 
  2. ₹ 6810 
  3. ₹ 6680 
  4. ₹ 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? 

  1. ₹ 518 
  2. ₹ 400 
  3. ₹ 360 
  4. ₹ 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: 

  1. ₹ 15,500 
  2. ₹ 15,250 
  3. ₹ 14,280 
  4. ₹ 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? 

  1. 12 
  2. 10 
  3. 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? 

  1. 18855 
  2. 18768 
  3. 18867 
  4. 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? 

  1. ₹ 5500 
  2. ₹ 4500 
  3. ₹ 5000 
  4. ₹ 4000

90. In how many years will a money become triple of itself at the rate of 10% per annum simple interest? 

  1. 25 
  2. 20 
  3. 15 
  4. 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? 

  1. ₹ 21200 
  2. ₹ 22400 
  3. ₹ 21000 
  4. ₹ 22000

92. The difference between 2 years compound interest and simple interest on an amount at 20% per annum is ₹ 200. The amount is: 

  1. ₹ 3000 
  2. ₹ 4500 
  3. ₹ 4000 
  4. ₹ 5000

93. What is today's value of ₹ 14739 payable in 3 years at 6.25% compound annual interest rate? 

  1. ₹ 12184
  2. ₹ 12288 
  3. ₹ 12473 
  4. ₹ 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 ?

  1. ₹ 6966.50 
  2. ₹ 6922.50 
  3. ₹ 6953.00 
  4. ₹ 6723.50

95. What is the simple interest on ₹ 35000 at 18/7% per annum for a period of 9 months? 

  1. ₹ 675 
  2. ₹ 600 
  3. ₹ 875 
  4. ₹ 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:

  1. ₹ 24000 
  2. ₹ 25000 
  3. ₹ 20000 
  4. ₹ 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? 

  1. ₹ 4640 
  2. ₹ 4760 
  3. ₹ 4260 
  4. ₹ 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?  

  1. ₹ 3075 
  2. ₹ 4058 
  3. ₹ 3675 
  4. ₹ 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 ₹ ) 

  1. ₹ 304 
  2. ₹ 335 
  3. ₹ 288 
  4. ₹ 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? 

  1. x=2y 
  2. x=4.5y 
  3. 3x=7y 
  4. 2x=5y

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