What is the difference between compound interest and simple interest on ₹1,300 for 2 years at 10% per annum?
- A₹13
- B₹26
- C₹23
- D₹130
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Answer: (A) ₹13
For 2 years, CI − SI = P × (R/100)² = ₹13.
SSC CPO Simple & Compound Interest Questions with Answers & Explanations
20 Simple & Compound Interest questions from the Quantitative Aptitude section of SSC CPO, 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 ₹28,000 at 6% per annum for 3 years?
- A₹3,360
- B₹5,544
- C₹6,720
- D₹5,040
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Answer: (D) ₹5,040
SI = P × R × T / 100 = 28000 × 6 × 3 / 100 = ₹5,040.
What is the simple interest on ₹21,500 at 5% per annum for 4 years?
- A₹4,730
- B₹1,075
- C₹4,300
- D₹5,375
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Answer: (C) ₹4,300
SI = P × R × T / 100 = 21500 × 5 × 4 / 100 = ₹4,300.
What is the compound interest on ₹3,500 for 2 years at 20% per annum, compounded annually?
- A₹1,400
- B₹2,240
- C₹1,540
- D₹1,694
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Answer: (C) ₹1,540
CI = P[(1 + R/100)² − 1] = ₹1,540.
What is the simple interest on ₹5,000 at 10% per annum for 2 years?
- A₹1,500
- B₹1,000
- C₹500
- D₹1,100
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Answer: (B) ₹1,000
SI = P × R × T / 100 = 5000 × 10 × 2 / 100 = ₹1,000.
What is the difference between compound interest and simple interest on ₹1,900 for 2 years at 20% per annum?
- A₹114
- B₹76
- C₹152
- D₹86
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Answer: (B) ₹76
For 2 years, CI − SI = P × (R/100)² = ₹76.
What is the simple interest on ₹10,500 at 8% per annum for 6 years?
- A₹5,880
- B₹5,040
- C₹840
- D₹5,544
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Answer: (B) ₹5,040
SI = P × R × T / 100 = 10500 × 8 × 6 / 100 = ₹5,040.
What is the compound interest on ₹3,100 for 2 years at 10% per annum, compounded annually?
- A₹620
- B₹716.10
- C₹651
- D₹961
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Answer: (C) ₹651
CI = P[(1 + R/100)² − 1] = ₹651.
What is the simple interest on ₹17,500 at 6% per annum for 6 years?
- A₹5,250
- B₹7,350
- C₹6,300
- D₹6,930
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Answer: (C) ₹6,300
SI = P × R × T / 100 = 17500 × 6 × 6 / 100 = ₹6,300.
What is the simple interest on ₹19,500 at 5% per annum for 2 years?
- A₹975
- B₹2,145
- C₹1,950
- D₹2,925
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Answer: (C) ₹1,950
SI = P × R × T / 100 = 19500 × 5 × 2 / 100 = ₹1,950.
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Timed Quantitative Aptitude test · 50 questions · instant rank
What is the compound interest on ₹4,000 for 2 years at 20% per annum, compounded annually?
- A₹1,760
- B₹1,936
- C₹1,600
- D₹2,560
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Answer: (A) ₹1,760
CI = P[(1 + R/100)² − 1] = ₹1,760.
What is the simple interest on ₹21,000 at 5% per annum for 3 years?
- A₹4,200
- B₹3,465
- C₹3,150
- D₹2,100
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Answer: (C) ₹3,150
SI = P × R × T / 100 = 21000 × 5 × 3 / 100 = ₹3,150.
What is the difference between compound interest and simple interest on ₹5,200 for 2 years at 5% per annum?
- A₹19.50
- B₹13
- C₹260
- D₹26
Show answer
Answer: (B) ₹13
For 2 years, CI − SI = P × (R/100)² = ₹13.
What is the simple interest on ₹27,000 at 5% per annum for 5 years?
- A₹8,100
- B₹7,425
- C₹6,750
- D₹5,400
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Answer: (C) ₹6,750
SI = P × R × T / 100 = 27000 × 5 × 5 / 100 = ₹6,750.
What is the compound interest on ₹2,600 for 2 years at 20% per annum, compounded annually?
- A₹1,258.40
- B₹1,040
- C₹1,118
- D₹1,144
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Answer: (D) ₹1,144
CI = P[(1 + R/100)² − 1] = ₹1,144.
What is the simple interest on ₹13,000 at 6% per annum for 3 years?
- A₹2,574
- B₹780
- C₹3,120
- D₹2,340
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Answer: (D) ₹2,340
SI = P × R × T / 100 = 13000 × 6 × 3 / 100 = ₹2,340.
What is the difference between compound interest and simple interest on ₹9,600 for 2 years at 5% per annum?
- A₹24
- B₹34
- C₹36
- D₹480
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Answer: (A) ₹24
For 2 years, CI − SI = P × (R/100)² = ₹24.
What is the simple interest on ₹14,500 at 12% per annum for 6 years?
- A₹10,440
- B₹12,180
- C₹11,484
- D₹1,740
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Answer: (A) ₹10,440
SI = P × R × T / 100 = 14500 × 12 × 6 / 100 = ₹10,440.
What is the compound interest on ₹3,200 for 2 years at 10% per annum, compounded annually?
- A₹640
- B₹739.20
- C₹672
- D₹992
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Answer: (C) ₹672
CI = P[(1 + R/100)² − 1] = ₹672.
What is the simple interest on ₹30,000 at 8% per annum for 2 years?
- A₹7,200
- B₹2,400
- C₹4,800
- D₹5,280
Show answer
Answer: (C) ₹4,800
SI = P × R × T / 100 = 30000 × 8 × 2 / 100 = ₹4,800.
These are RankerClub practice questions written in the SSC CPO pattern. They are not official SSC/IBPS/RRB papers.
