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

Question : 26 [SSC SAS 2010]

At what percent per annum will Rs.3000/- amounts to Rs.3993/- in 3 years if the interest is compounded annually?

a) 13%

b) 9%

c) 11%

d) 10%

Question : 27 [SSC CGL Prelim 2008]

A certain sum of money yields Rs.1261 as compound interest for 3 years at 5% per annum. The sum is

a) Rs.8000

b) Rs.9000

c) Rs.7500

d) Rs.8400

Question : 28 [SSC CPO S.I.2004]

The principal, which will amount to Rs.270.40 in 2 years at the rate of 4% per annum compound interest, is

a) Rs.220

b) Rs.200

c) Rs.250

d) Rs.225

Question : 29 [SSC CGL Prelim 2008]

In what time will Rs.10,000 amount to Rs.13310 at 20% per annum compounded half yearly?

a) 3 years

b) 1$1/2$ years

c) 2$1/2$ years

d) 2 years

Question : 30 [SSC MTS 2013]

A man saves Rs.2000 at the end of each year and invests the money at 5% compound interest. At the end of 3 years he will have :

a) Rs.2205

b) Rs.4305

c) Rs.4205

d) Rs.6305