Q1. Find the compound interest on ₹16000 for 2 years at 5% per annum, compounded annually (in ₹).
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Answer: D. 1640
Amount = 16000 × (105/100)² = ₹17640. CI = 17640 − 16000 = ₹1640.
Compound Interest Questions for SSC CGL (with Answers)
36 Compound Interest MCQs from the Quantitative Aptitude section, with answers and short explanations.
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Q2. Find the compound interest on ₹3000 for 2 years at 10% per annum, compounded annually (in ₹).
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Answer: D. 630
Amount = 3000 × (110/100)² = ₹3630. CI = 3630 − 3000 = ₹630.
Q3. Find the compound interest on ₹19000 for 2 years at 10% per annum, compounded annually (in ₹).
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Answer: B. 3990
Amount = 19000 × (110/100)² = ₹22990. CI = 22990 − 19000 = ₹3990.
Q4. Find the compound interest on ₹10000 for 2 years at 5% per annum, compounded annually (in ₹).
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Answer: C. 1025
Amount = 10000 × (105/100)² = ₹11025. CI = 11025 − 10000 = ₹1025.
Q5. Find the compound interest on ₹8000 for 2 years at 20% per annum, compounded annually (in ₹).
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Answer: D. 3520
Amount = 8000 × (120/100)² = ₹11520. CI = 11520 − 8000 = ₹3520.
Q6. Find the compound interest on ₹17000 for 2 years at 10% per annum, compounded annually (in ₹).
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Answer: B. 3570
Amount = 17000 × (110/100)² = ₹20570. CI = 20570 − 17000 = ₹3570.
Q7. Find the compound interest on ₹2000 for 2 years at 5% per annum, compounded annually (in ₹).
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Answer: C. 205
Amount = 2000 × (105/100)² = ₹2205. CI = 2205 − 2000 = ₹205.
Q8. Find the compound interest on ₹6000 for 2 years at 5% per annum, compounded annually (in ₹).
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Answer: A. 615
Amount = 6000 × (105/100)² = ₹6615. CI = 6615 − 6000 = ₹615.
Q9. Find the compound interest on ₹10000 for 2 years at 20% per annum, compounded annually (in ₹).
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Answer: D. 4400
Amount = 10000 × (120/100)² = ₹14400. CI = 14400 − 10000 = ₹4400.
Q10. Find the compound interest on ₹7000 for 2 years at 10% per annum, compounded annually (in ₹).
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Answer: D. 1470
Amount = 7000 × (110/100)² = ₹8470. CI = 8470 − 7000 = ₹1470.
Q11. Find the compound interest on ₹15000 for 2 years at 20% per annum, compounded annually (in ₹).
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Answer: A. 6600
Amount = 15000 × (120/100)² = ₹21600. CI = 21600 − 15000 = ₹6600.
Q12. Find the compound interest on ₹5000 for 2 years at 10% per annum, compounded annually (in ₹).
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Answer: D. 1050
Amount = 5000 × (110/100)² = ₹6050. CI = 6050 − 5000 = ₹1050.
Q13. Find the compound interest on ₹3000 for 2 years at 20% per annum, compounded annually (in ₹).
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Answer: A. 1320
Amount = 3000 × (120/100)² = ₹4320. CI = 4320 − 3000 = ₹1320.
Q14. Find the compound interest on ₹4000 for 2 years at 5% per annum, compounded annually (in ₹).
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Answer: A. 410
Amount = 4000 × (105/100)² = ₹4410. CI = 4410 − 4000 = ₹410.
Q15. Find the compound interest on ₹18000 for 2 years at 20% per annum, compounded annually (in ₹).
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Answer: A. 7920
Amount = 18000 × (120/100)² = ₹25920. CI = 25920 − 18000 = ₹7920.
Q16. Find the compound interest on ₹20000 for 2 years at 20% per annum, compounded annually (in ₹).
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Answer: C. 8800
Amount = 20000 × (120/100)² = ₹28800. CI = 28800 − 20000 = ₹8800.
Q17. Find the compound interest on ₹14000 for 2 years at 20% per annum, compounded annually (in ₹).
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Answer: B. 6160
Amount = 14000 × (120/100)² = ₹20160. CI = 20160 − 14000 = ₹6160.
Q18. What is the compound interest on ₹1000 at 10% per annum for 2 years, compounded annually (in ₹)?
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Answer: D. 210
A = 1000 × (110/100)² = 1210. CI = 1210 − 1000 = ₹210.
Q19. What is the compound interest on ₹2000 at 10% per annum for 2 years, compounded annually (in ₹)?
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Answer: C. 420
A = 2000 × (110/100)² = 2420. CI = 2420 − 2000 = ₹420.
Q20. What is the compound interest on ₹4000 at 10% per annum for 2 years, compounded annually (in ₹)?
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Answer: A. 840
A = 4000 × (110/100)² = 4840. CI = 4840 − 4000 = ₹840.
Q21. What is the difference between compound interest and simple interest on ₹47500 for 2 years at 12% per annum (in ₹)?
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Answer: B. 684
CI − SI = 47500 × (12/100)² = ₹684.
Q22. What is the difference between compound interest and simple interest on ₹26500 for 2 years at 20% per annum (in ₹)?
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Answer: A. 1060
CI − SI = 26500 × (20/100)² = ₹1060.
Q23. What is the difference between compound interest and simple interest on ₹37500 for 2 years at 20% per annum (in ₹)?
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Answer: A. 1500
CI − SI = 37500 × (20/100)² = ₹1500.
Q24. What is the difference between compound interest and simple interest on ₹22000 for 2 years at 10% per annum (in ₹)?
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Answer: C. 220
CI − SI = 22000 × (10/100)² = ₹220.
Q25. What is the difference between compound interest and simple interest on ₹15500 for 2 years at 10% per annum (in ₹)?
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Answer: C. 155
CI − SI = 15500 × (10/100)² = ₹155.
Q26. What is the difference between compound interest and simple interest on ₹29500 for 2 years at 10% per annum (in ₹)?
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Answer: B. 295
CI − SI = 29500 × (10/100)² = ₹295.
Q27. Find the compound interest on ₹8000 for 1 year at 10% per annum, compounded half-yearly (in ₹).
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Answer: B. 820
Rate = 5% per half-year for 2 periods. A = 8000 × (105/100)² = ₹8820; CI = ₹820.
Q28. Find the compound interest on ₹32000 for 1 year at 20% per annum, compounded half-yearly (in ₹).
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Answer: B. 6720
Rate = 10% per half-year for 2 periods. A = 32000 × (110/100)² = ₹38720; CI = ₹6720.
Q29. What is the difference between compound interest and simple interest on ₹37500 for 2 years at 4% per annum (in ₹)?
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Answer: C. 60
CI − SI = 37500 × (4/100)² = ₹60.
Q30. Find the compound interest on ₹24000 for 1 year at 10% per annum, compounded half-yearly (in ₹).
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Answer: B. 2460
Rate = 5% per half-year for 2 periods. A = 24000 × (105/100)² = ₹26460; CI = ₹2460.
Q31. Find the compound interest on ₹16000 for 1 year at 10% per annum, compounded half-yearly (in ₹).
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Answer: A. 1640
Rate = 5% per half-year for 2 periods. A = 16000 × (105/100)² = ₹17640; CI = ₹1640.
Q32. What is the difference between compound interest and simple interest on ₹32500 for 2 years at 12% per annum (in ₹)?
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Answer: B. 468
CI − SI = 32500 × (12/100)² = ₹468.
Q33. Find the compound interest on ₹16000 for 1 year at 20% per annum, compounded half-yearly (in ₹).
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Answer: D. 3360
Rate = 10% per half-year for 2 periods. A = 16000 × (110/100)² = ₹19360; CI = ₹3360.
Q34. Find the compound interest on ₹40000 for 1 year at 10% per annum, compounded half-yearly (in ₹).
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Answer: C. 4100
Rate = 5% per half-year for 2 periods. A = 40000 × (105/100)² = ₹44100; CI = ₹4100.
Q35. Find the compound interest on ₹40000 for 1 year at 20% per annum, compounded half-yearly (in ₹).
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Answer: C. 8400
Rate = 10% per half-year for 2 periods. A = 40000 × (110/100)² = ₹48400; CI = ₹8400.
Q36. What is the difference between compound interest and simple interest on ₹9000 for 2 years at 20% per annum (in ₹)?
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Answer: D. 360
CI − SI = 9000 × (20/100)² = ₹360.
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