SSC CHSL Simple and Compound Interest Questions with Solutions for Competitive Exams. Question answer practice set from Previous year question paper for the self study of upcoming exams.

**EXAM : SSC CHSL Medium : ENGLISH**

## Simple and Compound Interest Questions

**Q.1:** Varun and Madhur invested ₹25,000 each in different schemes. Varun earned simple interest at 11% per annum, whereas Madhur earned compound interest at 10% per annum compounded annually. Who received more interest after 2 years and how much?

(A) Varun, ₹250

(B) Madhur, ₹250

(C) Varun, ₹500

(D) Madhur, ₹302.50

**Q.2:** If the difference between the compound interest compounded annually and the simple interest on a certain sum of money for three years at 10% per annum ₹279, then the sum ( in ₹ ) is:

(A) 10,000

(B) 9,000

(C) 8,000

(D) 7,500

**Q.3:** What will be the compound interest ( in ₹ ) on a sum of ₹7,200 for 18 months at a rate of 20% per annum, if the interest is compounded half-yearly (nearest to an integer) ?

(A) 2,833

(B) 2,383

(C) 2,338

(D) 3,238

**Q.4:** A sum fo money lent at simple interest amounts to ₹9,920 after 2 years and to ₹12,800 after 5 years. Find the rate of interest per annum.

(A) 18%

(B) 9.68%

(C) 12%

(D) 6.57%

**Q.5:** The 12% interest earned on a sum of ₹2,60,000 is to be used for awarding 24 scholarship of equal value every year in a school. What is the value ( in ₹) of each scholarship?

(A) 1,250

(B) 1,200

(C) 1,150

(D) 1,300

**Q.6:** If the simple interest on a certain sum of money borrowed for 4 years at 9.5% per annum exceeds the simple interest on the same sum for 3 years 12.5% per annum by ₹225, then the sum borrowed is:

(A) ₹35,000

(B) ₹45,000

(C) ₹42,000

(D) ₹48,000

**Q.7:** The compound interest on a certain sum of money for 3 years, compounded annually, at a rate of interest of 10% per annum is ₹1,324. The sum is:

(A) ₹4,000

(B) ₹5,500

(C) ₹5,000

(D) ₹4,500

Thanks for attempt SSC CHSL Simple and Compound Interest Questions for competitive exams.

**Simple and Compound Interest Questions of SSC CHSL in Hindi – SSC STUDY**

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