COPOUANT INTEREST

1. A loan has to be returned in two equal yearly

instalments each of Rs 44,100. If the rate of interest is 4. Johnson borrows Rs 30,000 at 5% compound
5% per annum compounded annually, then the total interest per annum. He wants to pay this amount
interest paid is: back by the end of 2 years in two equal yearly
(a) Rs5,840 (b) Rs6,000 installments. How much does he have to pay
approximately at the end of each year?
(c) Rs6,200 (d) Rs6,280
(a) Rs 16,134 (b) Rs 15,231

(c) Rs 16,274 (d) Rs 15,784

2. A loan of Rs 21200 is to be paid back in two equal

annual installments each of Rs x. if the rate of 5. A man borrows a certain sum of money and pays
interest charged is 12% per annum compounded it back in 2 years in two equal instalments. If
yearly, then what is the value of x? Compound Interest is reckoned at 5% per annum in
case of annual compounding and he pays back
A) Rs 12530 B) Rs 12554 annually Rs.882, what sum did he borrow?

C) Rs 12544 D) Rs 12540 (a) Rs. 1,600 (b) Rs. 1,640

(c) Rs. 1,682 (d) Rs. 1,650

3. A sum of Rs.6,000 is to be paid back in two equal

annual instalments; each instalment is to be paid at
the end of every year. How much is each instalment if 6. Surekha borrowed a sum of money and returned
the interest is compounded annually at 2% it in two equal annual installments of ₹ 5547 each.
𝟏
p.a.?(Rounded off up to two decimal places) If the rate of interest was 7 % per annum
𝟐
compounded yearly, then the total interest paid by
(a) Rs.3,589.30 (b) Rs.3,090.30
her was:
(c) Rs.2,092.29 (d) Rs.2,291.29
(a) ₹1,144 (b) ₹1,134*

(c) ₹1,096 (d) ₹1,126

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7. A sum of money is paid back in two annual (a) Rs 80,597 (b) Rs 81,697
instalments of Rs.1,25,000 each. If rate of interest
(c) Rs 81,597 d) Rs 80,697
is 6% per annum and interest is compounding
annually, then find the sum borrowed.(Consider
round up integral value)

(a) Rs. 1,50,375 (b) Rs. 2,39,174

(c) Rs. 2,29,174 (d) Rs. 1,19,375

11. Sohan borrowed money at the rate of 20% per
annum on compound interest, interest was
compounding annually and he paid it in three
equal instalments, each instalment was to be paid
at the end of every year. If each instalment was for
Rs 1,250, then the money borrowed by Sohan was
8. An item is bought on a condition that three
(nearest integral value):
equal installments of ₹3,993 are to be paid at a
rate of 10% compound interest, compounded
annually. The cost of the item is:
(a) Rs 2,633 (b) Rs 2,466
1. ₹10,000 2. ₹9,050
(c) Rs 4,660 (d) Rs 4,860
3. ₹9,590 4. ₹9,930

SSC SELECTION POST XI 2023

Q.12. A mobile phone is available for Rs 79860 by

cash payment or by paying cash of Rs 60000 as
down payment and the remaining amount in three
9. A person borrowed some money on compound
equal annual installments. If the shopkeeper
interest and returned it in 3 equal annual
charges interest at the rate of 10% per annum
instalments. If the rate of interest is 15% per
compounded annually, then the amount of each
annum and the annual instalment is Rs. 12,167,
installment (in Rs) will be:
then find the sum borrowed.
(a) 7986 (b) 6789

(c) 6689 (d) 6000

(a) Rs.26,970 (b) Rs.28,530

(c) Rs.27,780 (d) Rs.25,780

13. If the cost of a mobile phone is Rs. 25,000,

available at Rs. 5,000 down payment followed by 3
10. A sum of P was borrowed and paid back in equal annual instalments (each instalment is to be
three equal yearly instalments, each of Rs 30,000. If paid at the end of each year ) at the rate 25% p.a.
the rate of interest was 5% compounded annually, compound interest, then find the value of each
then the value of P (approximate) is: instalment (rounded off to two decimal places):

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(a)Rs. 10,245.90 (b) Rs. 13,021 are in ratio [Link]. If the rate of compound interest
is 10% per annum, find the first installment
(c) Rs. 17,361 (d) Rs. 10,245.09
a. 2400 b. 1800

c. 2000 d. 2500

13. A flat can be purchased in a building-society

for ₹5,00,000 cash or on the terms that the Q1 C Q2 C Q3 B Q4 A Q5 B
customer pays ₹54,805 as cash down payment and Q6 B Q7 C Q8 D Q9 C Q10 B
the rest in three equal instalments. The society Q11 A Q12 A Q13 D Q14 B Q15 C
charges interest at the rate of 20% per annum
compounded half-yearly. If the flat I Purchased
under instalment plan, find the total interest paid
(in ₹) in this instalment scheme. UNEQUAL INSTALLMENT

(ICAR Assistant 2023)

1. 83,759.5 2. 81,632.5 1. A borrowed Rs 28,500 at 8% pa interest

compounded annually. If Rs 5,780 was paid at the
3. 85,638.5 4. 91,863.5
end of first year then the outstanding amount at
the end of second year is:

(a)27,000.00 (b)27,462.40

(c)30,780.00 (d)33,242.40

14. An amount of Rs. 13800 due 3 years hence, is SSC CPO 2019
fully repaid in three annual installments starting
𝟏
after 1st year. The first installment is the second
𝟑
𝟏
installment and the second installment is of the
𝟐
third installment. If the rate of interest is 20% per
annual compounded annually. Find the third
2. A man borrowed 50,000 from a bank at 10% per
instalment?
annum, compounded annually. At the end of every
(a) Rs. 5400 (b) Rs. 7500* year, he pays 15,000 as part payment of the loan
and interest. How much does he still owe to the
(c) Rs. 3750 (d) Rs. 4850
bank after three such installments?

(a) 16,900 (b) 15,800

(c) 15,200 (d) 16,200

SSC CPO 10/11/2022

15. An amount of Rs. 12820 due 3 years hence, is
fully repaid in three annual installments staring
after 1 year. The first second and third installments

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3. A person borrows Rs.1,00,000 from a bank at 6. A man borrowed a certain sum and agrees to
10% per annum simple interest and clears the debt repay it by paying Rs 4000 at the end of first year
in five years. If the instalment paid at the end of and Rs 7700 at the end of second year. If the rate of
the first, second, third and fourth years to clear the compound interest compounded annually is 10%
debt are Rs.10,000, Rs.20,000, Rs.30,000 and per annum, then find the sum (in Rs.) borrowed?
Rs.40,000, respectively, what amount should be
(a) 11500 (b) 11000
paid at the end of the fifth year to clear the debt?
(c) 9000 (d) 10,000
(a) Rs. 38,250 (b) Rs. 39,490
SSC CGL 2020 17/8/2021
(c) Rs. 40,450 (d) Rs. 36,745

(SSC CGL 2022)

7. A person borrowed a certain sum at 10% per

annum for three years, interest being compounded
4. A person borrowed a sum of Rs 30800 at 10% annually. At the end of two years, he repaid a sum
per annum for 3 years, interest compounded of Rs 6634 and at the end of the third year, he
annually. At the end of two years, he paid a sum of cleared off the debt by paying Rs 13,200. What was
Rs 13268. At the end of 3rd year, he paid Rs x to the sum borrowed by him ?
clear of the debt. What is the value of x ?
(a) Rs. 16,400 (b) Rs. 15,400
(a) 26200 (b) 26620
(c) Rs. 15,600 (d) Rs. 16,500
(c) 26400 (d) 26510
SSC CGL 2019
SSC CGL 2020 23/8/2021

Q.8 Atul borrowed a sum of Rs 12000 and agreed

5. A man borrowed some money and agreed to to repay it by paying Rs 4800 at the end of first
pay-off by paying ₹ 3150 at the end of the first year and Rs 9240 at the end of second year. What
year and ₹ 4410 at the end of the 2nd year. If the is the rate of compound interest compounded
rate of compound interest is 5% per annum, then annually?
the sum is-
(a) 10 % (b) 12 %
(a) ₹5000 (b) ₹6500
(c) 8/5% (d) 8%
(c) ₹7000 (d) ₹9200
SSC CGL 2020 24/8/2021
SSC CGL TIER II

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Q1 A Q2 A Q3 B Q4 C Q5 C
Q6 D Q7 B Q8 A

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