Table of Contents
SIMPLE INTEREST AND COMPOUND INTEREST PROBLEMS FOR SSC
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21.Out of a certain sum, 1/3 rd is invested at 3%, 1/6th at 6% and the rest at 8%. If the simple interest for 2 years from all these investments amounts to ₹600, find the original sum.
a)₹5000
b)₹6000
c)₹5500
d)₹6500
22.A sum of ₹2800 is lent out in two parts in a such a way that the interest on one part at 9% per annum for 4 years is equal to that on another at 8% per annum for 6 years. the sum lent out at 8% is
a)₹1200
b)₹1600
c)₹1400
d)None of these
23.Two equal sums of money were lent at simple interest at 10% per annum for 4 years and 5 years respectively. If the difference in interests for two periods was ₹220, then each sum is:
a)₹880
b)₹1100
c)₹2200
d)₹1640
24.A farmer borrowed ₹4200 at 10% per annum. At the end of 5 years he cleared his account by paying ₹5000 and a cow. The cost of the cow is:
a)₹1300
b)₹1240
c)₹1200
d)₹1340
25.Find the sum of compound interest on ₹9375 at 8% per annum for 2 years
a)₹1560
b)₹1512
c)₹1590
d)₹1548
26.Find the compound interest on ₹20000 at 12% per annum for 6 months, compounded quarterly.
a)₹1415
b)₹1096
c)₹1218
d)₹1321
27.Karieppen deposited a sum of ₹16000 in a post office for 3 years, compounded annually at 15% per annum. What amount will he get on maturity?
a)₹21752
b)₹26020
c)₹24334
d)₹23525
- In a factory, the production of cement rises to 2420 tonnes from 2000 tonnes in two years. Find the rate of growth per annum.
a)8%
b)9%
c)10%
d)11%
29.The population of a town as 250000 three years ago. If it had increased by 3%, 4% and 6% in the last three years. Find the present population of the town.
a)₹200863
b)₹284888
c)₹217392
d)₹283868
30.If the compound interest on a certain sum of 2 years at 3% can be ₹101.50, what would be the simple interest?
a)₹100
b)₹98
c)₹96.50
d)₹94
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