model 1 basic compound interest using formula Practice Questions Answers Test with Solutions & More Shortcuts

Question : 6 [SSC Sub-Inspector 2012]

The compound interest on Rs.30,000 at 7% per annum for a certain time is Rs.4,347. The time is

a) 2.5 years

b) 3 years

c) 2 years

d) 4 years

Question : 7 [SSC CGL Prelim 2008]

A certain sum amounts to Rs.5,832 in 2 years at 8% per annum compound interest, the sum is

a) Rs.5,400

b) Rs.5,000

c) Rs.5,280

d) Rs.5,200

Question : 8 [SSC CPO S.I.2007]

The compound interest on Rs.8,000 at 15% per annum for 2 years 4 months, compounded annually is:

a) Rs.3100

b) Rs.2980

c) Rs.3109

d) Rs.3091

Question : 9 [SSC CPO S.I.2008]

The compound interest on Rs.6,000 at 10% per annum for 1$1/2$ years, when the interest being compounded annually, is

a) Rs.900

b) Rs.910

c) Rs.930

d) Rs.870

Question : 10 [SSC CISF ASI 2010]

A sum becomes Rs.1,352 in 2 years at 4% per annum compound interest. The sum is

a) Rs.1,250

b) Rs.1,225

c) Rs.1,245

d) Rs.1,270