Compound Interest Questions and Answers PDF for SSC CGL, Bank Competitive Exams for free download. Quantitative Aptitude Solved previous year MCQs with short trick and explanation for the students preparing for Staff Selection Commission upcoming exams.
Compound interest
Compound interest means interest calculated on the initial principal and the accumulated interest from previous periods. We can say, it’s interest on interest. The interest is added to the principal, and then the next time interest is calculated.
Questions based on Basic Formula of Compound Interest
- A certain sum will amount to Rs 12100 in 2 years at 10% per annum of compound interest, interest being compounded annually. The sum is ?
- In what time will Rs 1000 become Rs 1331 at 10% per annum compounded annually?
Based on Both Compound and Simple Interest
- If the compound interest on a certain sum for two years at 12% per annum is Rs 2544, the simple interest on it at the same rate for 2 years will be ?
- If the compound interest on a certain sum for 2 years at 3% per annum is Rs 101.50, then the simple interest on the same sum at the same rate and for the same time will be ?
- The difference between the compound interest and simple interest on Rs 100000
for 2 years is25. The rate of interest per annum is ?
If the Amount Becomes n Times of the Sum After t Years at Compound Interest
- A sum of money at compound interest amounts to thrice itself in 3 years. In how many years will it be 9 times itself ?
- A sum of money at compound interest will amount to 650 at the end of the first year and 676 at the end of the second year. The amount of money is ?
Installments Questions
A builder borrows Rs 2550 which is to be paid back with compound interest at the rate of 4% per annum by the end of 2 years in two equal yearly instalments. How much will each instalment be?
Download : Compound Interest Questions and Answers PDF
PDF : Compound Interest Questions.
Solved previous year exam MCQs with tricks and explanation
Subject : Quantitative Aptitude ( Mathematics)
Topic : Compound Interest
Medium : English
Number of pages : 20
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