Table of Contents
SIMPLE INTEREST AND COMPOUND INTEREST PROBLEMS FOR SSC
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31.The difference between the simple and the compound interests on ₹8000 at 10% per annum for 3 years is
a)₹260
b)₹352
c)₹248
d)₹310
32.A deposited ₹5000 in a bank at 5% per annum simple interest. B deposited ₹8000 at 6% per annum compound interest. After 2 years, the difference between their interests will be:
a)₹244.40
b)₹488.80
c)₹366.60
d)₹122.20
33.The difference between compound and simple interests on a sum for 2 years at 8% per annum is ₹64. The sum is:
a)₹12000
b)₹11000
c)₹13000
d)₹10000
34.The sum of money amounts to ₹6272 in 2 years and ₹7024.64 in 3 years. The rate of interest per annum is
a)8% per annum
b)12% per annum
c)6% per annum
d)10% per annum
35.If the rate of interest be 5% per annum for first year, 8% per annum for second year and 12% per annum for third year, then the compound interest of ₹8000 for 3 years will be:
a)₹10550.16
b)₹10480.24
c)₹10160.64
d)₹10350.36
ANSWER KEY :
| 1.C 2.B 3.A 4.A 5.A 6.B 7.C 8.A 9.D 10.B 11.B 12.A 13.B 14.B 15.B 16.C 17.D 18.C 19.D 20.C | 21.A 22.A 23.C 24.A 25.A 26.C 27.C 28.C 29.D 30.A 31.C 32.B 33.D 34.B 35.C |
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