Trilochan Puhan SI and CI Class Notes for SSC and Bank Exam
Compound Interest
A and B together borrowed a sum of ₹ 51750 at an interest rate of 7% p.a. compound interest in such a way that to settle the loan, A paid as much amount after three years as paid by B after 4 years from the day of borrowing. The sum borrowed by A was:
A. ₹ 10200
B. ₹ 7620
C. ₹ 11400
D. ₹ 9600
Instalment
Atul borrowed a sum of `12000 and agreed to repay it by paying `4800 at the end of first year and `9240 at the end of second year. What is the rate of compound interest compounded annually?
(a) 10% (b) 12% (c) 8 5 % (d) 8%
A, borrowed Rs.28,500 at 8% p.a. interest compounded annually. If Rs.5,780 was paid at the end of first year, then the outstanding amount at the end of second year is:
A. Rs. 27000.00
B. Rs. 27462.40
C. Rs. 30,780.00
D. Rs.33,242.40
A person borrowed a certain sum at 10% p.a. for three years, interest being compounded annually. At the end of two years, he repaid a sum of ₹ 6,634 and at the end of the third year, he cleared off the debt by paying ₹ 13,200. What was the sum borrowed by him?
A. ₹ 15400
B. ₹ 316500
C. ₹ 16400
D. ₹ 15600
A sum of ₹ x was borrowed and paid back in two equal yearly installments, each of ₹ 35,280. If the rate of interest was 5%, compounded annually, then the value of x is :
A. ₹ 64400
B. ₹ 65400
C. ₹ 65600
D. ₹ 64800
61. What annual instalment will discharge a debt of Rs.9,600 due in 5 years at 10% simple interest? SSC CGL 2022
A. Rs.1450
B. Rs.1550
C. Rs.1500
D. Rs.1600
62. What annual instalment will discharge a debit of ₹5,664 in 4 years at 12% simple interest? SSC CGL 2022
A. ₹1,230
B. ₹1,210
C. ₹1,200
D. ₹1,220
A car with a price of ₹6,50,000 is bought by making some down payment. On the balance, a simple interest of 10% is charged in lump sum and the money is to be paid in 20 equal annual instalments of ₹25,000. How much is the down payment? SSC CGL 2022
1. 155945
2. 195455
3. 194555
4. 145955
61. A sum of Rs.10 is lent by a child to his friend to be returned in 11 monthly instalments of Rs.1 each, the interest being simple. The rate of interest is: (SSC CGL 2022)
A. 11.81%
B. 21.81%
C. 10.18%
D. 9.09%