Special Quant Quiz (S.I.and C.I.) SSC CGL Tier-II 2016

Q1. The simple interest accrued on a sum of certain principal is Rs. 1200 in 4 years at the rate of 8% per annum. What would be the simple interest accrued on thrice of that principal at the rate of 6% per annum is 3 years?    
(a) Rs. 2025
(b) Rs. 3025
(c) Rs. 2250
(d) Rs. 2150

Q2. What amount would a man receive on a principal of Rs. 4,000 after two years on simple interest rate of 5% p.a. 
(a) Rs. 4,161
(b) Rs. 5,200
(c) Rs. 4,410
(d) None of these

Q3. If the simple interest on a certain sum for 15 months at 7 1/2% per annum exceeds the simple interest on the same sum for 8 months at 12 1/2% per annum by Rs. 32.50, then the sum (in Rs.) is:  
(a) 312
(b) 312.50
(c) 3120
(d) 3120.50

Q4. A sum of Rs. 1550 was lent partly at 5% and partly at 8% simple interest. The total interest received after 3 year is Rs. 300. The ratio of money lent at 5% to that at 8%. 
(a) 5:8
(b) 8:5
(c) 31:6
(d) 16:15

Q5. The difference between the simple interest on a certain sum of money 6% per annum for 10 years and at 5% per annum for 2 years is Rs. 100. Find the sum:  
(a) Rs. 100
(b) Rs. 200
(c) Rs. 400
(d) Rs. 500

Q6. Sumit lent some money to Mohit at 5% per annum simple interest. Mohit lent the entire amount to Birju on the same day at 8 1/2% per annum. In this transaction, after a year Mohit earned a profit of Rs. 3.50. Find out the sum of money lent by Sumit to Mohit.   
(a) Rs. 9000
(b) Rs. 10000
(c) Rs. 10200
(d) None of these

Q7. A sum of Rs. 1586 is divided among three such parts that amount obtained on these three parts of money after 2, 3 and 4 years, respectively, at the rate of 5% per annum remains equal. Find out such three parts of the sum.  
(a) Rs. 552, Rs. 528  and Rs. 506
(b) Rs. 555, Rs. 528  and Rs. 506
(c) Rs. 552, Rs. 524  and Rs. 506
(d) Rs. 552, Rs. 528  and Rs. 586

Q8. A man borrows Rs. 4000 from a bank at 7 1/2% compound interest. At the end of every year he pays Rs. 1500 as part repayment of loan and interest. How much does he still own to the bank after three such instalments?  
(a) Rs. 123.25
(b) Rs. 125
(c) Rs. 400
(d) Rs. 469.18

Q9. Rs. 3757 is to be divided between A and B such that A’s share at the end of 7 years may be equal to B’s share at the end of 9 years. If rate per cent be 10% p.a. compound interest, B’s share is:   
(a) Rs. 1700
(b) Rs. 1500
(c) Rs. 2057
(d) Rs. 1400
 
Q10. A man gets a simple interest of Rs. 1000 on a certain principal at the rate of 5% per annum in 4 years. What compound interest will be man get on twice the principal in two years at the same rate?
(a) Rs. 1050
(b) Rs. 1005
(c) Rs. 11025
(d) None of these

Q11. Sonika invested an amount of Rs. 5800 for 2 years. At what rate of compound interest will she get an amount of Rs. 594.5 at the end of two years? 
(a) 5% per annum
(b) 4% per annum
(c) 6% per annum
(d) 8% per annum

Q12. The company policy states that for a short-term loan on simple interest for 2 years, the rate of interest is 20%. A new recruit did not know it and he negotiated with a very tough customer for a 18% loan. What is the percentage of reduction in the earnings?   
(a) 10%
(b) 20%
(c) 18%
(d)15 %

Q13. After Mr Kuber introduced the new norms for lending, the turnover of Kuber and Daughters went up from $100 million to $300 million in just 3 years. What is the compound growth rate of the company?  
(a) 42%
(b) 43%
(c) 44%
(d) 45%

Q14. The difference between the C.I. and S.I. on a certain amount at 10% per annum for 2 years, compounded annually is Rs. 372. Find the principal.  
(a) Rs. 30,200
(b) Rs. 31,200
(c) Rs. 35,200
(d) Rs. 37,200

Q15. Amit takes a loan from a bank at 18% CI for 2 years. At the end of the period, he pays back Rs. 6,962. What was the loan amount?  
(a) Rs. 4,000
(b) Rs. 6,000
(c) Rs. 5,000
(d) Rs. 4,500