What is the difference between compound interest and simple interest on ₹1,000 for 2 years at 10% per annum?
- A₹15
- B₹100
- C₹10
- D₹20
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Answer: (C) ₹10
For 2 years, CI − SI = P × (R/100)² = ₹10.
SSC CGL Simple & Compound Interest Questions with Answers & Explanations
16 Simple & Compound Interest questions from the Quantitative Aptitude section of SSC CGL, each with the correct answer and a worked explanation. Try each question first, then tap Show answer to check. When you're ready, take the timed chapter-wise test to see your all-India rank.
What is the simple interest on ₹22,500 at 10% per annum for 4 years?
- A₹2,250
- B₹9,000
- C₹6,750
- D₹9,900
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Answer: (B) ₹9,000
SI = P × R × T / 100 = 22500 × 10 × 4 / 100 = ₹9,000.
What is the compound interest on ₹1,000 for 2 years at 10% per annum, compounded annually?
- A₹310
- B₹200
- C₹210
- D₹231
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Answer: (C) ₹210
CI = P[(1 + R/100)² − 1] = ₹210.
What is the simple interest on ₹12,500 at 12% per annum for 2 years?
- A₹3,000
- B₹1,500
- C₹3,300
- D₹4,500
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Answer: (A) ₹3,000
SI = P × R × T / 100 = 12500 × 12 × 2 / 100 = ₹3,000.
What is the compound interest on ₹600 for 2 years at 20% per annum, compounded annually?
- A₹258
- B₹290.40
- C₹264
- D₹240
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Answer: (C) ₹264
CI = P[(1 + R/100)² − 1] = ₹264.
What is the simple interest on ₹29,500 at 5% per annum for 3 years?
- A₹1,475
- B₹5,900
- C₹4,425
- D₹4,867.50
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Answer: (C) ₹4,425
SI = P × R × T / 100 = 29500 × 5 × 3 / 100 = ₹4,425.
What is the difference between compound interest and simple interest on ₹2,800 for 2 years at 5% per annum?
- A₹7
- B₹17
- C₹10.50
- D₹14
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Answer: (A) ₹7
For 2 years, CI − SI = P × (R/100)² = ₹7.
What is the simple interest on ₹9,500 at 10% per annum for 6 years?
- A₹950
- B₹4,750
- C₹6,650
- D₹5,700
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Answer: (D) ₹5,700
SI = P × R × T / 100 = 9500 × 10 × 6 / 100 = ₹5,700.
What is the difference between compound interest and simple interest on ₹10,800 for 2 years at 5% per annum?
- A₹37
- B₹54
- C₹27
- D₹40.50
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Answer: (C) ₹27
For 2 years, CI − SI = P × (R/100)² = ₹27.
What is the simple interest on ₹24,000 at 8% per annum for 5 years?
- A₹9,600
- B₹7,680
- C₹1,920
- D₹11,520
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Answer: (A) ₹9,600
SI = P × R × T / 100 = 24000 × 8 × 5 / 100 = ₹9,600.
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Timed Quantitative Aptitude test · 25 questions · instant rank
What is the difference between compound interest and simple interest on ₹1,200 for 2 years at 20% per annum?
- A₹72
- B₹240
- C₹58
- D₹48
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Answer: (D) ₹48
For 2 years, CI − SI = P × (R/100)² = ₹48.
What is the simple interest on ₹6,500 at 4% per annum for 3 years?
- A₹780
- B₹520
- C₹1,040
- D₹858
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Answer: (A) ₹780
SI = P × R × T / 100 = 6500 × 4 × 3 / 100 = ₹780.
What is the difference between compound interest and simple interest on ₹3,800 for 2 years at 10% per annum?
- A₹38
- B₹380
- C₹76
- D₹48
Show answer
Answer: (A) ₹38
For 2 years, CI − SI = P × (R/100)² = ₹38.
What is the simple interest on ₹29,500 at 5% per annum for 4 years?
- A₹1,475
- B₹5,900
- C₹6,490
- D₹7,375
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Answer: (B) ₹5,900
SI = P × R × T / 100 = 29500 × 5 × 4 / 100 = ₹5,900.
What is the difference between compound interest and simple interest on ₹1,000 for 2 years at 10% per annum?
- A₹10
- B₹20
- C₹100
- D₹15
Show answer
Answer: (A) ₹10
For 2 years, CI − SI = P × (R/100)² = ₹10.
What is the simple interest on ₹10,500 at 5% per annum for 2 years?
- A₹1,575
- B₹525
- C₹1,050
- D₹1,155
Show answer
Answer: (C) ₹1,050
SI = P × R × T / 100 = 10500 × 5 × 2 / 100 = ₹1,050.
These are RankerClub practice questions written in the SSC CGL pattern. They are not official SSC/IBPS/RRB papers.
