Simple Interest

01. The simple interest on a sum for a certain number of years, same as the rate percentage of the interest, is equal to the sum itself. The number of years is equal to: [MTS 02 AUG 2020 SHIFT 1]

 A. 5     

B. 10     

C. 8     

D. 1

02. In how many years will a money become triple of itself at the rate of 10% per annum simple interest? MTS 21 AUG 2020 SHIFT 1]

A. 25     

B. 20     

C. 15     

D. 18

03. At what rate of simple interest per annum will a sum triple itself in 30 years? [Give your answer correct to 2 decimal places.] SSC MTS 11 JULY 2022 1ST SHIFT

A. 3.33%

B. 6.67%

C. 8.33%

D. 4.75%

Answer: B

04. A certain sum of money amounts to 1.5 of itself in 2 years applying simple interest. Find the rate of simple interest per annum . SSC MTS 22 JULY 2022 SHIFT-1

A. 25%

B. 15%

C. 16%

D. 26%

Answer: A

05. A sum of money becomes double of itself in 50 months when invested on simple interest. What is the rate of interest per annum? [MTS 07 AUG 2020 SHIFT 3]

A. 26%

B. 25%

C. 20%

D. 24%

06. If the ratio of principal and the simple interest for 5 years is 10 : 7, then the rate of interest (per annum) is: [MTS 09 AUG 2020 SHIFT 1]

A. 15%

B. 20%

C. 10%

D. 14%

07. If the total simple interest received on a sum for 25 years is 5/8 of the principal, what is the rate of simple interest paid per annum? SSC MTS 19 JULY 2022 SHIFT-1

A. 2.5%

B. 2%

C. 3.5%

D. 3%

Answer: A

08. A sum of money, when invested at the rate of 6.25% simple interest per annum, amounts to 11/8 times of itse lf in ‘n’ years. What is the value of ‘n’?

A. 6

B. 8

C. 5

D. 7

Answer: A

09. Simple interest on a certain sum is 54/75 of the sum. What is the rate of interest per annum if the value of the rate of interest per annum is half the time period (in years) of investment? SSC MTS 14 JULY 2022 2ND SHIFT

A. 6.5%

B. 6%

C. 7.5%

D. 7%

Answer: B

10. Simple interest on a certain sum is of the sum. What is the rate of interest per annum if the value of the rate of interest per annum is half the time period (in years) of investment?

A. 6.5%

B. 6%

C. 7.5%

D. 7%

Answer: B

11. A fixed amount is lent at a rate of x% simple interest per annum for x/3 years. The simple interest of the amount is equal to one third of the amount. What is the value of x? [MTS 20 AUG 2020 SHIFT 2]

A. 12

B. 10

C. 9

D. 6

12. If a sum triples in 4 years at simple interest, find the time that it would take to become 5 times itself at the same rate of interest. SSC MTS 11 JULY 2022 2ND SHIFT

A. 5 years

B. 6 years

C. 8 years

D. 3 years

Answer: C

13. A sum doubles in seven years at simple interest. In how many years will the sum become five times the original sum? [MTS 09 AUG 2020 SHIFT 2]

A. 35

B. 21

C. 28

D. 30

14. Find the value of the interest earned on a sum of ₹6,000 for 5 years at 8.4% simple interest rate per annum . SSC MTS 25 JULY 2022 SHIFT-2

A. ₹2,520

B. ₹2,252

C. ₹2,220

D. ₹2,250

Answer: A

15. What is the simple interest on ₹ 35000 at 18/7 % per annum for a period of 9 months? [MTS 22 AUG 2020 SHIFT 1]

A. ₹ 675

B. ₹ 600

C. ₹ 875

D. ₹ 700

16. Find the sum of money which must be invested at simple interest for 8 months at 6% per annum in order to earn ₹250 as interest. SSC MTS 8 JULY 2022 2ND SHIFT

A. ₹6,550

B. ₹6,225

C. ₹7,250

D. ₹6,250

Answer: D

17. What sum of money should be invested to earn a simple interest of ₹5,040 in 3 years and 6 months at 12% rate of interest per annum?

A. ₹9,000

B. ₹11,000

C. ₹15,000

D. ₹12,000

Answer: D

18. How much amount can a person get on a sum of ₹6,600, if it is invested at 6.2% per annum for a period of 2 years 6 months on simple interest? SSC MTS 8 JULY 2022 3RD  SHIFT

A. ₹7,222

B. ₹7,623

C. ₹7,852

D. ₹7,546

Answer: B

19. Ramesh borrowed ₹ 12000 at the rate of 13% per annum simple interest. What amount will Ramesh pay in 5 years to repay the loan? [MTS 09 AUG 2020 SHIFT 3]

A. ₹ 18800

B. ₹ 20000

C. ₹ 19800

D. ₹ 18600

20. The amount received after 8 years on a certain sum of money invested at the rate of 18% simple interest per annum is ₹1,220. What was the initial sum invested? MTS 14 JULY 2022 1ST SHIFT

A. ₹500

.B. ₹480

C. ₹420

D. ₹450

Answer: A

21. A sum of money, when invested at the rate of 15% per annum at simple interest, amounts to ₹26,000 in 2 years. What is the simple interest that accrued during these 2 years? SSC MTS 20 JULY 2022 SHIFT-3

A. ₹7,500

B. ₹6,000

C. ₹6,500

D. ₹8,800

Answer: B

22. Ramya lent a certain sum of money at 4% simple interest to Seema and in 8 years the interest amounted to ₹3,400 less than the sum lent. Find the sum lent by Ramya to Seema. SSC MTS 19 JULY 2022 SHIFT-3

A. ₹3,050

B. ₹6,100

C. ₹8,200

D. ₹5,000

Answer: D

23. A person borrowed an amount at 8% annual simple interest and in 8 years, the interest received was ₹ 5,490, which was less than the amount borrowed. This amount was: [MTS 20 AUG 2020 SHIFT 1]

A. ₹ 15,500

B. ₹ 15,250

C. ₹ 14,280

D. ₹ 15,600

24. How long will it take for the principal of ₹ 640 to become an amount of ₹ 768 with a simple interest rate of 2.5% per annum? [MTS 16 AUG 2020 SHIFT 2]

A. 10 years

B. 8 years

C. 9 years

D. 11 years

25. In what time will ₹13,000 lent at 4 per cent per annum on simple interest amount to ₹13,780? SSC MTS 19 JULY 2022 SHIFT-2

A. 1 year 6 months

B. 2 year 6 months

C. 2 year 3 months

D. 1 year 5 months

Answer: A

26. A sum of ₹2,400 gives a simple interest of ₹504 in 3 years. Find the rate of interest per annum. SSC MTS 20 JULY 2022 SHIFT-1

A. 6%

B. 10%

C. 5%

D. 7%

Answer: D

27. ₹ 480 is invested at simple interest. It becomes ₹ 520 after 20 months. What is the interest rate per annum?  [MTS 06 AUG 2020 SHIFT 3]

A. 6%

B. 5%

C. 8%

D. 4%

28. Sashi took a loan of ₹700 on simple interest for as many years as the rate of interest per annum. If he paid ₹343 as interest at the end of the loan period, what was the rate of interest? MTS 14 JULY 2022 1ST SHIFT

A. 6%

B. 4%

C. 10%

D. 7%

Answer: D

29. A sum of ₹ 1500 is invested at simple interest for x months. If the rate of interest is x/8 % per annum, then the sum grows to ₹ 1590. What is the value of x? [MTS 07 AUG 2020 SHIFT 1]

A. 3.2

B. 2.4

C. 32

D. 24

30. If on a certain sum, the simple interest for 4 years is ₹2,000, then what is the simple interest for 6 years on the same sum? SSC MTS 15 JULY 2022 SHIFT-1

A. ₹3,500

B. ₹3,000

C. ₹4,000

D. ₹2,800

Answer: B

31. A sum of ₹ 800 invested on simple interest becomes ₹1200 in 8 years. What will be simple interest for 6 years on the sum at the same rate of interest? [MTS 08 AUG 2020 SHIFT 2]

A. ₹ 240

B. ₹ 210

C. ₹ 250

D. ₹ 300

32. A sum of money, invested at a certain rate of simple interest per annum, amounts to ₹720 in 4 years and to ₹800 in 5 years. The sum invested is: MTS 13 JULY 2022 3RD SHIFT

A. ₹400

B. ₹600

C. ₹500

D. ₹360

Answer: A

33. A certain sum amounts to ₹ 20720 in four years and ₹ 24080 in six years at a certain rate of simple interest. The sum (in Rs.) is: [MTS 13 AUG 2020 SHIFT 2]

A. 11000

B. 12000

C. 14000

D. 15000

34. At a certain rate simple interest per annum, a certain sum amounts to ₹24,000 in 7 years and to ₹32,000 in 12 years. What is the rate of simple interest paid per annum?

A. 12.5%

B. 25%

C. 20%

D. 15%

Answer: A

35. At simple interest a certain sum amounts to ₹12,000 in 5 years and to ₹18,000 in 8 years. What is the rate of simple interest per annum on offer? MTS 6 JULY 2022 2ND SHIFT

(A) 62.5%         

(B) 150%         

(C) 100%         

(D) 12.5%

Answer: C

36. At the rate of 8% the amount invested earns a simple interest of ₹ 240 after 3 years. If the rate of interest had been 5% more. then how much more interest would it have earned? [MTS 14 AUG 2020 SHIFT 3]

A. ₹ 105

B. ₹ 180

C. ₹ 150

D. ₹ 135

37. Simple interest on an amount of ₹ 2,800 at the end of 3 years is ₹ 420. What will be the simple interest on ₹ 3200 for the same rate and same period? [MTS 13 AUG 2020 SHIFT 1]

A. ₹ 480

B. ₹ 560

C. ₹ 440

D. ₹ 640

38. A certain sum amounts to ₹ 12096 at 8% p.a. in 5.5 years at simple interest. What will be the simple interest on the same sum at 10% p.a. in 8 years? [MTS 19 AUG 2020 SHIFT 3]

A. ₹ 6760

B. ₹ 6810

C. ₹ 6680

D. ₹ 6720

39. A sum of ₹2,400 is invested for 4 years at R% p.a, simple interest and the simple interest received is ₹1,152. Find the amount received after 3 years when the same sum is invested at (R + 8) % p.a, simple interest. SSC MTS 19 JULY 2022 SHIFT-3

 A. ₹3,260

B. ₹3,180

C. ₹2,880

D. ₹3,840

Answer: D

40. The simple interest on ₹ x for m years at a rate of r% is equal to the same on ₹ y for n years at the rate of s%, then  x/y is equal to: [MTS 16 AUG 2020 SHIFT 1]

A. nr/ms  

B. ns/mr

C. ms/nr

D. mr/ns

41. In how many years, The simple interest earned on Rs. 6000 at an interest rate of 5% per annum will be equal to simple interest earned on Rs. 2000 at the rate of 4% per annum for 30 years? SSC MTS 15 JULY 2022 SHIFT-3

A. 6 years

B. 12 years

C. 20 years

D. 8 years

Answer: D

42. If the simple interest on a sum of ₹ x at 6% p.a. for two years is double the simple interest on another sum of ₹ y at 9% per annum for three years, then which of the following is true?[MTS 22 AUG 2020 SHIFT 3]

 A. x=2y

B. x=4.5y

C. 3x=7y

D. 2x=5y

43. On a simple interest, Rs. 708 becomes Rs. 944 in four years. If the rate of interest is increased by 5%, then Rs. 675 will become how much in 4 years SSC MTS 7 JULY 2022 1ST SHIFT

A. ₹965

B. ₹1,075

C. ₹1,035

D. ₹1,145

Answer: C

44. A sum of ₹ 9000 amounts to ₹ 13356 at a certain rate percent per annum in 4.4 years at simple interest. What will be the simple interest on the same sum at double the rate for 2 years 4 months? [MTS 22 AUG 2020 SHIFT 2]

A. ₹ 4640

B. ₹ 4760

C. ₹ 4260

D. ₹ 4620

45. A person deposits ₹ 500 for 2 years, ₹ 600 for 5 years and ₹ 1000 for 6 years at the same rate of simple interest. If he earns a simple interest of ₹ 1000, then what is the rate of interest per year?  [MTS 02 AUG 2020 SHIFT 2]

A. 15%

B. 5%

C. 10%

D. 20%

46. If the simple interest on a rate of ₹ 28000 for 3 years in a year is ₹ 225 more than the simple interest of the same rate in 3 years on an amount of ₹ 27000, then what will be the simple interest of 2.6 years on ₹ 35500 at the same rate ? [MTS 21 AUG 2020 SHIFT 3]

A. ₹ 6966.50

B. ₹ 6922.50

C. ₹ 6953.00

D. ₹ 6723.50

47. Karun borrowed ₹12,000 from Varun and ₹15,000 from Tarun, each for two years at the same rate of simple interest per annum. If he paid an interest of ₹1,680 to Varun at the end of 2 years, then what is the interest that Karun paid to Tarun at the end of the 2-year period? SSC MTS 26 JULY 2022 SHIFT-1

A. ₹2,050

B. ₹1,800

C. ₹2,100

D. ₹2,350

Answer: C

48. Pankaj invests an amount divided into three different schemes A, B and C at 10%, 12% and 15% per annum, respectively, and the accumulated total interest in one year is ₹ 3200. The amount invested in plans A, B and C is in the ratio of 8: 5: 12. What amount does he invest in Plan B? [MTS 20 AUG 2020 SHIFT 3]

A. ₹ 5500

B. ₹ 4500

C. ₹ 5000

D. ₹ 4000

49. A sum of ₹ 10000 is invested in three schemes of simple interest. The annual interest rates are respectively, 4%, 6% and 10%. ₹ 4000 were invested in the first scheme. If the total interest earned after five years is ₹ 2800, then how much money was invested in the third scheme? [MTS 08 AUG 2020 SHIFT 3]

A. ₹ 1500

B. ₹ 5000

C. ₹ 1000

D. ₹ 3000

50. A sum of ₹ 50,000 is lent partly at 4% and remaining at 5% per annum. If the yearly simple interest on the average is 4.6%, the two parts are: [MTS 13 AUG 2020 SHIFT 3]

A. ₹ 22500, ₹ 27500

B. ₹ 15000, ₹ 35000

C. ₹ 20000, ₹ 30000

D. ₹ 25000, ₹ 25000

Compound Interest

51. What is the effective annual rate of interest corresponding to a rate of 10% per annum compounded half-yearly? [MTS 14 AUG 2020 SHIFT 2]

A. 10.75%

B. 10.5%

C. 10%

D. 10.25%

52. If the rate of interest is 4% for the first year, 5% for the second year and 6% for the third year, then find the compound interest on ₹10,000 for 3 years, if interest is compounded annually? SSC MTS 13 JULY 2022 1ST SHIFT

A. ₹1,580.25

B. ₹1,575.20

C. ₹1,500.00

D. ₹1,570.50

Answer: B

53. A person invests ₹55,000 for two years on compound interest such that the rate of interest for the first year is 8% per annum and that for the second year is 12% per annum, and the interest is compounded annually. What is the total interest earned by the person? SSC MTS 20 JULY 2022 SHIFT-3

A. ₹11,645

B. ₹11,528

C. ₹12,386

D. 10,847

Answer: B

54. A certain sum invested on compound interest (compounded annually) grows to ₹ 5040 in three years. If the rate of interest is 20% for the first year, 40% for the second and 50% for the third year, then what is the sum?  [MTS 07 AUG 2020 SHIFT 1]

A. ₹ 1210

B. ₹ 2566

C. ₹ 1800

D. ₹ 2000

55. If the compound interest in the third year at 8 % p.a. on a certain sum is ₹ 3600, then what is the difference between the compound interest in the 4th and 5th year? (nearest to an integer in ₹ ) [MTS 22 AUG 2020 SHIFT 3]

A. ₹ 304

B. ₹ 335

C. ₹ 288

D. ₹ 311

56. If the rate of interest is 20% per annum, compounded yearly and the interest on a certain sum in the second year is ₹ 250, then what will be the interest on the same sum in the fifth year? [MTS 20 AUG 2020 SHIFT 1]

A. ₹ 518

B. ₹ 400

C. ₹ 360

D. ₹ 432

57. A sum invested at compound interest (compounded annual) amounts to ₹ 750 at the end of first year and ₹ 900 at the end of second year. What is the sum? [MTS 05 AUG 2020 SHIFT 1]

A. ₹ 700

B. ₹ 625

C. ₹ 600

D. ₹ 650

58. A sum invested at a certain rate of interest per annum, compounded annually, amounts to ₹14,400 in 2 years and to ₹25,920 in 4 years. What is the sum invested? SSC MTS 21 JULY 2022 SHIFT-1

A. ₹8,200

B. ₹7,500

C. ₹8,500

D. ₹8,000

Answer: D

59. A sum invested at a certain rate of interest per annum, compounded annually, amounts to ₹3,600 in 2 years and to ₹6,480 in 4 years. What is the sum invested? MTS 12 JULY 2022 3RD SHIFT

A. ₹2,500

B. ₹2,000

C. ₹2,400

D. ₹23600

Answer: B

60. A sum of ₹ 2400 becomes ₹ 3600 in 6 years at a certain rate of compound interest (compounded annually). What will be the amount after 12 years at the same rate of interest? [MTS 06 AUG 2020 SHIFT 3]

A. ₹ 6000

B. ₹ 4800

C. ₹ 5400

D. ₹ 4500

61. A man invested a sum of money at compound interest. It amounted to ₹ 12100 in two years and to ₹ 13310 in three years. The rate of interest per annum is: [MTS 13 AUG 2020 SHIFT 3]

A. 11%

B. 9.5%

C. 12.5%

D. 10%

62. On a certain sum, the interest is compounded annually. If the compound interest for the second year is ₹400 and the compound interest for the fourth year is 576, then what is the rate of interest per annum? SSC MTS 20 JULY 2022 SHIFT-2

A. %

B. 25%

C. 15%

D 44%

Answer: A

63. A sum of ₹7,000 deposited at compound interest becomes triple of itself after 4 years. How much will the amount be after 12 years? MTS 21 JULY 2022 SHIFT-3

A. ₹49,000

B. ₹63,000

C. ₹1,89,000

D. ₹84,000

Answer: C

64. A certain sum of money amounts to 3 times of itself in 13 years when interest is compounded annually at a certain rate of interest per annum. In how many years will the initial sum amount to 9 times of itself at the same rate of interest per annum, also compounded annually? SSC MTS 26 JULY 2022 SHIFT-1

A. 32 years

B. 26 years

C. 30 years

D. 20 years

Answer: B

65. A sum of money becomes 3 times in 10 years at the rate of compound interest (compounded annually). In how many years will it become 81 times?  [MTS 02 AUG 2020 SHIFT 3]

A. 40 years

B. 50 years

C. 35 years

D. 30 years

66. A sum doubles in 4 years at a certain rate of compound interest. In how many years does it amount to 8 times itself at the same rate? [MTS 13 AUG 2020 SHIFT 2]

A. 9

B. 12

C. 15

D. 6

67. The compound interest received on ₹18,000 for 2 years is ₹7,920, when the interest is compounded annually. What is the rate of interest per annum? 13 JULY 2022 2ND SHIFT

A. 15%

B. 12.5%

C. 20%

D. 25%

Answer: C

68. What is the rate of compound interest, if the interest on ₹10,000 for 2 years is ₹609, when interest is compounded annually? SSC MTS 21 JULY 2022 SHIFT-2

A. 3% per annum

B. 4% per annum

C. 2% per annum

D. 5% per annum

Answer: A

69. At what rate percent per annum in 3 years will the amount of ₹ 6000 become ₹ 7986, if interest is compounded annually? [MTS 09 AUG 2020 SHIFT 3]

A. 10%

B. 8%

C. 12.5%

D. 11%

70. The compound interest on ₹20,000 at 5% per annum, compounded annually, is ₹2,050. What is the time period? SSC MTS 13 JULY 2022 1ST SHIFT

A. 2.5 years

B. 2 years

C. 4 years

D. 3 years

Answer: B

71. The compound interest on ₹18,000 at 7% per annum, compounded annually, is ₹1,260. What is the period of time? SSC MTS 25 JULY 2022 SHIFT-3

A. 1 year

B. 2 years

C. 3 years

D. 4 years

Answer: A

72. If ₹ 12000 is invested for 2 years at compound interest (compounded annually) at the rate of 20% per annum, what is the interest?? [MTS 06 AUG 2020 SHIFT 2]

A. ₹ 5280

B. ₹ 4280

C. ₹ 4800

D. ₹ 5640

73. What will be the compound interest (compounded annually) of 3 years at the rate of 12.5% on an amount of ₹ 5120? [MTS 13 AUG 2020 SHIFT 1]

A. ₹ 2280

B. ₹ 1960

C. ₹ 2120

D. ₹ 2170

74. A invested an amount of ₹12,000 in a fixed deposit scheme for 2 years at an interest rate of 5% per annum, compounded annually. How much amount will A get on maturity of the fixed deposit? SSC MTS 18 JULY 2022 SHIFT-1

A. ₹13,230

B. ₹11,280

C. ₹12,450

D. ₹14,560

Answer: A

75. What will be the amount payable on maturity on a principal of ₹12,000, invested for 3 years, at the rate of 10% per annum, compounded annually? SSC MTS 18 JULY 2022 SHIFT-2

A. ₹15,972

B. ₹16,826

C. ₹18,922

D. ₹14,928

Answer: A

76. How much will a principal of ₹ 5000 invested on compound interest (compounded annually) amount to, in three years at a rate of 50% per annum? [MTS 16 AUG 2020 SHIFT 1]

A. ₹ 16,375

B. ₹ 11,250

C. ₹ 16,875

D. ₹ 17,275

77. The compound interest earned by Sunil on a certain sum at the end of two years at the rate of 16% p.a., when interest is compounded annually, was ₹864. What was the sum invested by Sunil? SSC MTS 20 JULY 2022 SHIFT-1

A. ₹2,500

B. ₹2,750

C. ₹1,500

D. ₹2,000

Answer: A

78. The compound interest for two years at 12% per annum is ₹ 477. What is the Principal amount (in₹) invested? [MTS 09 AUG 2020 SHIFT 1]

A. 1875

B. 1500

C. 2000

D. 1650

79. Ram invested 45% of his salary in a scheme for 3 years which offers 10% per annum compound interest, compounded annually. If he receives ₹5,958 as total interest, then find Ram’s salary?

A. ₹45,000

B. ₹50,000

C. ₹36,000

D. ₹40,000

Answer: D

80. The compound interest (compounded annually) on a sum of money invested for two years is ₹ 10125. If the rate of interest is 25% per annum, then what is the amount after these two years? [MTS 07 AUG 2020 SHIFT 3]

A. ₹ 28125

B. ₹ 32275

C. ₹ 30625

D. ₹ 26275

81. What is today’s value of ₹ 14739 payable in 3 years at 6.25% compound annual interest rate? [MTS 21 AUG 2020 SHIFT 3]

A. ₹ 12184

B. ₹ 12288

C. ₹ 12473

D. ₹ 12148

82. If compound interest is compounded annually, then at what rate of 8% compounded interest will the amount be ₹ 24494.40 in 2 years? [MTS 21 AUG 2020 SHIFT 1]

A. ₹ 21200

B. ₹ 22400

C. ₹ 21000

D. ₹ 22000

83. What will be the compound interest on a sum of ₹ 31250, at 12% compound interest ( interest compounded yearly) in 2 years 8 months? [MTS 19 AUG 2020 SHIFT 3]

A. ₹ 11048

B. ₹ 11096

C. ₹ 11068

D. ₹ 11086

84. The compound interest on a certain sum at 15% p.a. compounded yearly for 2 years 4 months is ₹ 9327. The sum is: [MTS 22 AUG 2020 SHIFT 1]

A. ₹ 24000

B. ₹ 25000

C. ₹ 20000

D. ₹ 27000

85. A sum of ₹ 2000 is invested on compound interest (compounded annually). If the rate of interest is 10% per annum, what will be the amount after 30 months?? [MTS 05 AUG 2020 SHIFT 3]

A. ₹ 2538

B. ₹ 2524

C. ₹ 2541

D. ₹ 2532

86. What is the compound interest on ₹80,000 for 1 year at 10 per cent per annum, compounded half yearly? SSC MTS 7 JULY 2022 2ND SHIFT

A. ₹7,200

B. ₹8,200

C. ₹8,800

D. ₹7,000

Answer: B

87. What is the compound interest on the sum of ₹ 15625 for 2 years at 12% per annum, if the interest is compounded on 8-months? [MTS 22 AUG 2020 SHIFT 2]

A. ₹ 3075

B. ₹ 4058

C. ₹ 3675

D. ₹ 4088

88. What is the compound interest on ₹ 5000 in 2 years at the rate of 20% per annum? (interest compounded half yearly) [MTS 19 AUG 2020 SHIFT 1]

A. ₹ 2340.50

B. ₹ 2275.50

C. ₹ 2290.50

D. ₹ 2320.50

89. What is the interest payable on ₹12,000 for 3 months at the rate of 10% per annum, if interest is compounded quaterly? SSC MTS 25 JULY 2022 SHIFT-2

A. ₹250

B. ₹200

C. ₹300

D. ₹350

Answer: C

90. Find the amount payable on maturity if ₹20,00,000 is invested at 12% per annum for 1.5 years and interest is compounded halfyearly. MTS 13 JULY 2022 3RD SHIFT

A. ₹23,00,832

B. ₹23,82,032

C. ₹24,00,000

D. ₹23,00,000

Answer: B 

91. Mohan invested ₹5,000 in a bank which offered interest at the rate of 10% per year compounded semi-annually. How much amount will he get after 2 years? [Give your answer correct to the nearest integer value.] SSC MTS 7 JULY 2022 1ST SHIFT

A. ₹6,512

B. ₹6,320

C. ₹6,250

D. ₹6,078

Answer: D

92. A sum of ₹ 1200 is invested at compound interest (compounded half yearly). If the rate of interest is 10% per annum, then what will be the amount after 18 months? [MTS 08 AUG 2020 SHIFT 3]

A. ₹ 1389.15

B. ₹ 1185.45

C. ₹ 1563.25

D. ₹ 1295.35

93. ₹12,000 is lent for one year at the rate of 15% per annum, the interest being compounded annually. If the compounding of the interest is done half- yearly, then how much more interest will be obtained at the end of the one-year period on the same initial sum? SSC MTS 12 JULY 2022 1ST SHIFT

A. ₹72.5

B. ₹82.8

C. ₹60.5

D. ₹67.5

Answer: D

94. ₹15,000 is lent for one year at the rate of 20% per annum, the interest being compounded annually. If the compounding of the interest is done half – yearly, then how much more interest will be obtained at the end of the one-year period on the same initial sum? SSC MTS 19 JULY 2022 SHIFT-1

A. ₹250

B. ₹200

C. ₹150

D. ₹180

Answer: C

95. What is the difference between compound interest at 20% per annum for 2 years at an amount of ₹ 10000, when the interest is compounded semi-annually and yearly respectively? [MTS 16 AUG 2020 SHIFT 2]

A. ₹ 440

B. ₹ 241

C. ₹ 441

D. ₹ 240

96. Any amount invested at a compound interest rate of 10% per annum becomes ₹ 19965 in 3 years. This amount will become ₹ x in 2 2/5 years at the same interest rate. If in both cases the interest is compounded annually, what is the x value? [MTS 20 AUG 2020 SHIFT 2]

A. 18855

B. 18768

C. 18867

D. 18876

Simple and Compound Interest

97. Sum of money becomes two times of itself in 8 years at simple interest, and it becomes four times of itself in 2 years at compound interest, when interest is compounded annually. Find the ratio of the rate of simple interest to the rate of compound interest offered per year. MTS 5 JULY 2022 3RD SHIFT

(A) 2 : 3         

(B) 3 : 5         

(C) 5 : 3         

(D) 1 : 8

Answer: D

98.With a given annual interest rate a sum of Rs 10000 gives a total compound interest of Rs 1881 in 2 years. What will be the total simple interest in 3 years for the same principal amount with the same annual interest rate? [MTS 07 OCT 2017 SHIFT 1]

(A) Rs. 2700

(B) Rs. 3000

(C) Rs. 2500

(D) Rs. 2300

99. Raja borrowed ₹15,000 on simple interest at the rate of 13% per annum and lent it on compound interest at the rate of 15% per annum, compounded annually. What is Raja’s gain in two years?

A. ₹1,080.00

B. ₹1,125.00

C. ₹937.50

D. ₹865.50

Answer: C

100. The simple interest on a sum at 3% p.a in 3 years is ₹315. What is the compound interest on the same smn at 4% p.a in 2 years, interest compounded yearly? SSC MTS 8 JULY 2022 1ST SHIFT

A. ₹228.48

B. ₹204

C. ₹326.6

D. ₹285.6

Answer: D

101. The simple interest on a sum deposited at 10% p.a. for 4 years is ₹20,000. What will be the compound interest on the same sum at half of the above rate of interest for 2 years, interest compounded yearly? SSC MTS 18 JULY 2022 SHIFT-2

A. ₹5,125

B. ₹5,010

C. ₹5,015

D. ₹5,020

Answer: A

102. The simple interest on a certain sum of money for 2 years at 7% per annum is double the compound interest on ₹1,000 for 2 years at 10% per annum, compounded annually. What is the sum placed on simple interest? SSC MTS 11 JULY 2022 3RD  SHIFT

A. ₹1,000

B. ₹2,000

C. ₹3,000

D. ₹4,000

Answer: C

103. A principal increases by 50% over five years at a simple interest rate. What will be the compound interest for 3 years at ₹ 20000 with the same interest rate? [MTS 16 AUG 2020 SHIFT 3]

A. ₹ 6620

B. ₹ 3310

C. ₹ 5760

D. ₹ 2880

104. A principal increases by 21% over 2 years with compound interest. What will be the simple interest in 4 years at the same interest rate at ₹ 1000? [MTS 14 AUG 2020 SHIFT 1]

A. ₹ 320

B. ₹ 400

C. ₹ 360

D. ₹ 420

105.Same principal is invested in schemes of compound interest and simple interest. The interest obtained in compound interest and simple interest schemes after 2 years are Rs 3360 and Rs 2800 respectively. If the rate of interest is 40%, then what is the principal (in Rs)? [MTS 09 OCT 2017 SHIFT 3]

A. 3500

B. 4500

C. 2500

D. 5500

106.Same principal is invested in schemes of compound interest and simple interest. The interest obtained in compound interest and simple interest schemes after 2 years are Rs 3520 and Rs 3200 respectively. If the rate of interest is 20%, then what is the principal (in Rs)? [MTS 11 OCT 2017 SHIFT 1]

A. 4000

B. 8000

C. 5000

D. 10000

107. The simple interest on a sum of money for 2 years at certain rate of interest is ₹ 320. The compound interest, compounded annually on thesame sum for the same duration and at the same rate of interest is ₹ 384. The sum (in₹ ) is: [MTS 09 AUG 2020 SHIFT 2]

A. 400

B. 250

C. 200

D. 309

108.The simple interest of two years on a certain amount at an interest rate of 20% per annum is ₹ 250. What is the compound interest (compounded annually) on the same amount for the same period at the same interest rate?  [MTS 05 AUG 2020 SHIFT 3]

A. ₹ 275

B. ₹ 900

C. ₹ 550

D. ₹ 750

109. Find the ratio of the simple interest and the compound interest on ₹100 at 10% per annum for 2 years, if, when compounded, interest is compounded annually. SSC MTS 22 JULY 2022 SHIFT-2

A. 13 : 32

B. 20 : 21

C. 21 : 20

D. 32 : 13

Answer: B

110. For a sum of ₹5,000, what is the difference between the compound interest and simple interest for 2 years if the rate of interest is 5% per annum, and in the case of compound interest, the interest is compounded annually? MTS 5 JULY 2022 2ND SHIFT

(A) ₹10.5         

(B) ₹12.5         

(C) ₹25         

(D) ₹7.5

Answer: B

111. If the difference between simple and compound interest on a sum of money for 2 years at 5% p.a is ₹ 125, the sum is (in Rs.)? [MTS 14 AUG 2020 SHIFT 3]

(A) 50000

(B) 5000

(C) 10000

(D) 1000

112. The difference between the compound interest, when compounded annually, and the simple interest on a certain sum of money for 2 years at 4.2% is ₹8.82. What is the sum? SSC MTS 15 JULY 2022 SHIFT-3

A. ₹4,500

B. ₹2,100

C. ₹5,000

D. ₹3,000

Answer: C

113. Rachit invests ₹12,000 for a 2-year period at a certain rate of simple interest per annum. Prasad invests ₹12,000 for a 2-year period at the same rate of interest per annum as Rachit, but in Prasad’s case the interest is compounded annually. Find the rate of interest per annum if Prasad receives ₹172.80 more as interest than Rachit at the end of the 2-year period. SSC MTS 12 JULY 2022 1ST SHIFT

A. 10%

B. 8%

C. 12%

D. 5%

Answer: C

114. Umesh earns a simple interest of ₹1,600 on a certain sum in two years at the rate of 4% per annum. How much more interest would he have earned if he had invested the same sum at 4% interest per annum, compounded annually? SSC MTS 6 JULY 2022 1ST SHIFT

(A) ₹48         

(B) ₹64         

(C) ₹32         

(D) ₹20

Answer: C

115. The difference between the compound interest and the simple interest on an amount of ₹1,500 for 2 years, at a given rate of interest per annum, is ₹60. What is the rate of interest per annum, if in the case of compound interest, the interest is compounded annually? SSC MTS 22 JULY 2022 SHIFT-1

A. 20%

B. 15%

C. 25%

D. 12.5%

Answer: A

116. The difference between the simple interest and the compound interest at the same rate for ₹32,000 for 2 years is ₹80. What is the rate of interest, if, in the case of compound interest, interest is compounded annually? SSC MTS 11 JULY 2022 1ST SHIFT

 A. 12% per annum

B. 2% per annum

C. 5% per annum

D. 8% per annnum

Answer: C

117. On a certain sum of money, the simple interest for 2 years is ₹150 at the rate of 10% per annum. What is the difference between the compound interest and the simple interest for 2 years if, in the case of compound interest, interest is compounded annually at the rate of 10% per annum. 12 JULY 2022 2ND SHIFT

 A. ₹5

B. ₹10

C. ₹7.5

D ₹12.5

Answer: C

118. A borrows an amount ₹3,600 from B at a rate of 20% simple interest for 2 years and lends 75% of this amount to C at 20% compound interest for 2 years. A uses the remaining amount for his personal purpose. Find the total loss incurred by A. 12 JULY 2022 2ND SHIFT

A. ₹928

B. ₹852

C. ₹1,152

D. ₹1,024

Answer: C

119. The sum of the simple interest and the compound interest on ₹5,600 at the same rate of interest per annum for two years is ₹2,061.36, when in the case of compound interest, it is compounded annually. What is the rate of interest per annum? SSC MTS 21 JULY 2022 SHIFT-2

A. 9%

B. 6%

C. 15%

D. 12%

Answer: A