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Learn SSC CGL MCQs with answers [Page 4 of Department 69]

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Yogesh • 7.43K Points
Tutor III Math

31) The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is: 

  • (A) 3
  • (B) 4
  • (C) 5
  • (D) 6
Correct Answer - Option (B)

No Explanation found. Add Explanation and get +2 points.

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Yogesh • 7.43K Points
Tutor III Math

32) Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit? 

  • (A) Rs. 8600
  • (B) Rs. 8620
  • (C) Rs. 8820
  • (D) None of these
Correct Answer - Option (C)

No Explanation found. Add Explanation and get +2 points.

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Yogesh • 7.43K Points
Tutor III Math

33) The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is: 

  • (A) 6.06%
  • (B) 6.07%
  • (C) 6.08%
  • (D) 6.09%
Correct Answer - Option (D)

No Explanation found. Add Explanation and get +2 points.

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Yogesh • 7.43K Points
Tutor III Math

34) Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:

  • (A) Rs. 1550
  • (B) Rs. 1650
  • (C) Rs. 2000
  • (D) Rs. 1750
Correct Answer - Option (D)

No Explanation found. Add Explanation and get +2 points.

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Yogesh • 7.43K Points
Tutor III Math

35) If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time? 

  • (A) Rs. 51.25
  • (B) Rs. 52
  • (C) Rs. 54.25
  • (D) Rs. 60
Correct Answer - Option (A)

No Explanation found. Add Explanation and get +2 points.

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Yogesh • 7.43K Points
Tutor III Math

36) The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is: 

  • (A) Rs. 2.50
  • (B) Rs. 3
  • (C) Rs. 3.75
  • (D) Rs. 4
Correct Answer - Option (B)

No Explanation found. Add Explanation and get +2 points.

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Yogesh • 7.43K Points
Tutor III Math

37) The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum? 

  • (A) 8
  • (B) 10
  • (C) 12
  • (D) Cannot be determined
Correct Answer - Option (A)

No Explanation found. Add Explanation and get +2 points.

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Yogesh • 7.43K Points
Tutor III Math

38) The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is: 

  • (A) Rs. 400
  • (B) Rs. 500
  • (C) Rs. 600
  • (D) Rs. 800
Correct Answer - Option (B)

No Explanation found. Add Explanation and get +2 points.

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Yogesh • 7.43K Points
Tutor III Math

39) In how many years will Rs. 2000 amounts to Rs. 2420 at 10% per annum compound interest?

  • (A) 3 years
  • (B) 2.5 years
  • (C) 2 years
  • (D) 1.5 years
Correct Answer - Option (C)

No Explanation found. Add Explanation and get +2 points.

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Yogesh • 7.43K Points
Tutor III Math

40) If the difference between the compound interest and simple interest on a sum of 5% rate of interest per annum for three years is Rs. 36.60, then the sum is = ?

  • (A) Rs. 8000
  • (B) Rs. 8400
  • (C) Rs. 4400
  • (D) Rs. 4800
Correct Answer - Option (D)

No Explanation found. Add Explanation and get +2 points.

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