simple and compound interest Model Questions & Answers, Practice Test for ssc cgl tier 1 2023
ssc cgl tier 1 2023 SYLLABUS WISE SUBJECTS MCQs
Number System
Ratio Proportion & Partnership
Averages
Percentages
Profit & Loss
Time & Work
Time & Distance
Simple Interest & Compound Interest
Mensuration: Area & Volumes
Algebraic Expressions
Linear Equations
Squareroots & Cuberoots
A man invested Rs.16000 at compound interest for 3 years, interest compounded annually. If he got 18522 at the end of 3 years, then the rate of interest is
Answer: (b)
$(1 + r)^3$ = $18522/16000=9261/ 8000=(21/20)^3 = (1+1/20)^3$
∴ Rate of interest = $1/20$=5%
How much will be the C.I. to be paid on a principal amount of Rs. 85,000 after 3 years at the rate of 6 p.c.p.a?
Answer: (b)
Amt =$85000(1+6/100)^3=101236.36$
CI = 101236.36 – 85000 = 16236.36
Sudhanshu invested Rs. 15,000 at interest @ 10% p.a for one year. If the interest is compounded every six months what amount will Sudhanshu get at the end of the year?
Answer: (c)
Required Amount = 15000 $(1+5/100)^2$ = Rs.16537.50
What is the interest received on a principal of Rs. 450 for 2 yea if the interest received on Rs. 1 after four year at the same rate of simple interest is Rs. 0.40?
Answer: (c)
Interest on Rs.1 in 4 years = Rs.0.4
∴ Interest on Rs.100 in 4 years = Rs.40
∴ Interest on Rs.100 in 1 year = Rs.10
∴ Interest=$\text"Principal×Time×Rate"/100$
= ${450×2×10}/100$=Rs.90
The simple interest on a certain sum of money for 4 years at 4 per cent per annum exceeds the compound interest on the same sum for 3 years at 5 per cent annum by Rs. 57. Find the sum.
Answer: (c)
Let the sum be x.
Then, ${x × 4 × 4}/{100} - 57 = x [{(1+ {{5}/{100}})^3 -1}]$
or, ${4x}/{25} - 57 = x[{1261}/{8000}]$
or, x $[{4}/{25} - {1261}/{8000}]$= 57
or, x $[{1280 - 1261}/8000]$ = 57
∴ x = ${57 × 8000}/{19}$ = Rs.24000
ssc cgl tier 1 2023 IMPORTANT QUESTION AND ANSWERS
-
200+ Average Questions and Answers For SSC CGL Tier 1 2023 »
-
Mastering Time and Distance MCQs PDF for SSC CGL Tier 1 2023 »
-
250+ Simple and Compound Interest Problems For SSC CGL 2023 »
-
New Mensuration 2D & 3D Shapes Questions For SSC CGL 2023 »
-
Top Ratio and Proportion Aptitude Questions For SSC CGL 2023 »
-
150+ Linear Equations Practice MCQ Test For SSC CGL 2023 »
-
Top 150+ Algebraic Expressions MCQ Test For SSC CGL 2023 »
-
Number System Aptitude Questions Answers Test SSC CGL 2023 »
-
Square Root & Cube Root Questions and Answers For SSC CGL »
-
Profit and Loss Questions & Answers For SSC CGL Tier 1 2023 »
-
Percentage Questions Solved Problems For SSC CGL Tier 1 2023 »
-
299+ Time And Work Aptitude MCQ Test for SSC CGL TIER 1 2023 »
ssc cgl tier 1 2023TOPICS
Read More
ssc cgl tier 1 2023 2024 SYLLABUS
Read More
ssc cgl tier 1 2023 2024 NOTIFICATION
Read More
All Exams
-
SSC
»
Model MCQ Test [Syllabus Wise], Syllabus, Notification -
BANKING
»
Model MCQ Test [Syllabus Wise], Syllabus, Notification -
TNPSC
»
Model MCQ Test [Syllabus Wise], Syllabus, Notification
RECENT BLOGS
![SSC CHSL 2023 Tier 2: Syllabus PDF & Exam Pattern [Changed]](https://careericons.com/adminicon/bunch/images/ssc-chsl-tier-2-2023-new-revised-syllabus-pdf-s.jpg "SSC CHSL 2023 Tier 2: Syllabus PDF & Exam Pattern [Changed]")
Recently Added Subject & Categories For All Competitive Exams
100+ Quadratic Equation Questions Answers PDF for Bank
Quadratic Equation multiple choice questions with detailed answers for IBPS RRB SO. more than 250 Attitude practice test exercises for all competitive exams
Continue Reading »
IBPS Aptitude Linear Equations MCQ Questions Answers PDF
Linear equations multiple choice questions with detailed answers for IBPS RRB SO. more than 250 Attitude practice test exercises for all competitive exams
Continue Reading »
New 100+ Compound Interest MCQ with Answers PDF for IBPS
Compound Interest verbal ability questions and answers solutions with PDF for IBPS RRB PO. Aptitude Objective MCQ Practice Exercises all competitive exams
Continue Reading »
100+ Mixture and Alligation MCQ Questions PDF for IBPS
Most importantly Mixture and Alligation multiple choice questions and answers with PDF for IBPS RRB PO. Aptitude MCQ Practice Exercises all Bank Exams
Continue Reading »