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Compound interest is a common topic in bank exams and all other competitive exams. Here given compound interest problems are important from the perspective of SSC and Banking exams. So, Here are problems on compound interest with solutions in different ways which take more time to solve.

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In almost all competitive examinations conducted by the central and state government, are asked questions related to compound interest under the subject of Mathematics. In the questions based on compound interest, interest is calculated on interest based on principal. Here today, I have provided questions on compounding interest to the students who are Pr...

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Compound interest is considered to be the most important and difficult section of the mathematics subject, which is also called "interest on interest", in simple terms. When a period such as an annual, half-yearly, quarter is fixed to repay the borrowed amount and the interest incurred in this period is added to the principal, the amount formed becomes...

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Compound interest problems asked in competitive exams usually. These compound interest problems are very important for SSC and Bank exams. So you must learn how to solve compound i

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Students should learn properly the use of compound interest formula with examples for SSC and bank exams. Because compound interest questions asked often in competitive exams. These compound interest formulas are not difficult to use. You just need to learn or practice of using compound interest formulas with examples.

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Here are the selective and important Compound interest questions and answers for banks exam and SSC. These Compound interest questions have been asked in competitive exams.

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## Recently Added Questions

The difference between the compound interest (compounded annually) and simple interest on a sum of money deposited for 2 years at 5% per annum is Rs. 15. What is the sum of money deposited?

263 0 64dcbe5a462ecdc3adb4aa4c- 1Rs. 6,000true
- 2Rs. 4,800false
- 3Rs. 3,600false
- 4Rs. 2,400false
- 5Rs. 3,400false

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## Answer : 1 Rs. 6,000

A man invested a certain sum in scheme A at 15% p.a. for 2 years and earned Rs 1950 as simple interest. He increased his sum by Rs. ‘x’ and invested in another scheme B at 10% p.a. C.I. for 2 years and received Rs. 1680 as compound interest. Find the value of ‘x’.

281 0 64d4bb50d02c5c746bdc5bfb- 1Rs. 1750false
- 2Rs. 1500true
- 3Rs. 1250false
- 4Rs. 1850false
- 5None of thesefalse

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## Answer : 2 Rs. 1500

A certain sum is lent at 4% p.a. for 3 years, 8% p.a. for the next 4 years, and 12% p.a. beyond 7 years. If for a period of 11 years, the simple interest obtained is ₹27,600, then the sum is (in ₹):

187 0 64bfb7ec2d3130f57553f325- 125,000false
- 232,000false
- 327,000false
- 430,000true

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## Answer : 4 30,000

The compound interest on a sum of ₹5,500 at 15% p.a. for 2 years, when the interest is compounded 8 monthly, is:

212 0 64ba503e2d3130f57542e6ec- 1₹1,850false
- 2₹1,880false
- 3₹1,820.50true
- 4₹1,773.75false

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## Answer : 3 ₹1,820.50

Surekha borrowed a sum of money and returned it in two equal annual instalments of ₹5,547 each. If the rate of interest was $$7{1\over 2}\%$$ p.a. compounded yearly, then the total interest paid by her was:

393 0 64b90dc8568e7ff594bdd92c- 1₹1,144false
- 2₹1,096false
- 3₹1,126false
- 4₹1,134true

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