What is the simple interest on ₹4,500 at 6% per annum for 4 years?
- A₹810
- B₹1,080
- C₹270
- D₹1,188
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Answer: (B) ₹1,080
SI = P × R × T / 100 = 4500 × 6 × 4 / 100 = ₹1,080.
SSC CPO SI/ASI Simple & Compound Interest Questions with Answers & Explanations
20 Simple & Compound Interest questions from the Quantitative Aptitude section of SSC CPO SI/ASI, 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 compound interest on ₹2,200 for 2 years at 10% per annum, compounded annually?
- A₹682
- B₹462
- C₹508.20
- D₹440
Show answer
Answer: (B) ₹462
CI = P[(1 + R/100)² − 1] = ₹462.
What is the difference between compound interest and simple interest on ₹2,900 for 2 years at 20% per annum?
- A₹232
- B₹116
- C₹580
- D₹174
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Answer: (B) ₹116
For 2 years, CI − SI = P × (R/100)² = ₹116.
What is the simple interest on ₹19,000 at 6% per annum for 2 years?
- A₹2,280
- B₹2,508
- C₹1,140
- D₹3,420
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Answer: (A) ₹2,280
SI = P × R × T / 100 = 19000 × 6 × 2 / 100 = ₹2,280.
What is the compound interest on ₹3,800 for 2 years at 20% per annum, compounded annually?
- A₹1,634
- B₹1,520
- C₹2,432
- D₹1,672
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Answer: (D) ₹1,672
CI = P[(1 + R/100)² − 1] = ₹1,672.
What is the simple interest on ₹9,000 at 12% per annum for 3 years?
- A₹2,160
- B₹1,080
- C₹4,320
- D₹3,240
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Answer: (D) ₹3,240
SI = P × R × T / 100 = 9000 × 12 × 3 / 100 = ₹3,240.
What is the compound interest on ₹3,000 for 2 years at 10% per annum, compounded annually?
- A₹600
- B₹693
- C₹630
- D₹930
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Answer: (C) ₹630
CI = P[(1 + R/100)² − 1] = ₹630.
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 ₹800 for 2 years at 10% per annum, compounded annually?
- A₹160
- B₹184.80
- C₹248
- D₹168
Show answer
Answer: (D) ₹168
CI = P[(1 + R/100)² − 1] = ₹168.
What is the simple interest on ₹11,000 at 4% per annum for 3 years?
- A₹1,320
- B₹1,452
- C₹1,760
- D₹880
Show answer
Answer: (A) ₹1,320
SI = P × R × T / 100 = 11000 × 4 × 3 / 100 = ₹1,320.
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What is the difference between compound interest and simple interest on ₹3,300 for 2 years at 20% per annum?
- A₹142
- B₹660
- C₹264
- D₹132
Show answer
Answer: (D) ₹132
For 2 years, CI − SI = P × (R/100)² = ₹132.
What is the simple interest on ₹19,500 at 5% per annum for 5 years?
- A₹5,850
- B₹5,362.50
- C₹4,875
- D₹975
Show answer
Answer: (C) ₹4,875
SI = P × R × T / 100 = 19500 × 5 × 5 / 100 = ₹4,875.
What is the compound interest on ₹6,000 for 2 years at 5% per annum, compounded annually?
- A₹555
- B₹600
- C₹915
- D₹615
Show answer
Answer: (D) ₹615
CI = P[(1 + R/100)² − 1] = ₹615.
What is the simple interest on ₹25,500 at 8% per annum for 4 years?
- A₹8,976
- B₹6,120
- C₹2,040
- D₹8,160
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Answer: (D) ₹8,160
SI = P × R × T / 100 = 25500 × 8 × 4 / 100 = ₹8,160.
What is the compound interest on ₹2,800 for 2 years at 10% per annum, compounded annually?
- A₹588
- B₹560
- C₹646.80
- D₹868
Show answer
Answer: (A) ₹588
CI = P[(1 + R/100)² − 1] = ₹588.
What is the simple interest on ₹20,000 at 4% per annum for 2 years?
- A₹1,600
- B₹1,760
- C₹800
- D₹2,400
Show answer
Answer: (A) ₹1,600
SI = P × R × T / 100 = 20000 × 4 × 2 / 100 = ₹1,600.
What is the compound interest on ₹16,000 for 2 years at 5% per annum, compounded annually?
- A₹1,640
- B₹1,480
- C₹1,600
- D₹2,440
Show answer
Answer: (A) ₹1,640
CI = P[(1 + R/100)² − 1] = ₹1,640.
What is the simple interest on ₹24,500 at 4% per annum for 2 years?
- A₹1,960
- B₹2,156
- C₹980
- D₹2,940
Show answer
Answer: (A) ₹1,960
SI = P × R × T / 100 = 24500 × 4 × 2 / 100 = ₹1,960.
What is the compound interest on ₹14,800 for 2 years at 5% per annum, compounded annually?
- A₹2,257
- B₹1,369
- C₹1,517
- D₹1,668.70
Show answer
Answer: (C) ₹1,517
CI = P[(1 + R/100)² − 1] = ₹1,517.
What is the compound interest on ₹2,400 for 2 years at 5% per annum, compounded annually?
- A₹270.60
- B₹240
- C₹246
- D₹222
Show answer
Answer: (C) ₹246
CI = P[(1 + R/100)² − 1] = ₹246.
These are RankerClub practice questions written in the SSC CPO SI/ASI pattern. They are not official SSC/IBPS/RRB papers.
