SSC CGL Interest — practice questions
25 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice SSC CGL Interest in the app →Interest, in the banking sense, is best described as:A sum of 10,000 is borrowed at 15% per annum simple interest for 2 years. The amount repayable is:Find the simple interest on 15,000 at 5% per annum for 2 years.Compound interest differs from simple interest because compound interest is calculated on:20,000 is borrowed for 2 years at 8% compounded annually. The compound interest is:For 10,000 at 10% per annum for 2 years, compound interest exceeds simple interest by:Find the simple interest on 5,000 at 8% per annum for 3 years.At simple interest, a sum doubles itself in 8 years. The annual rate is:For the same principal, rate and a period of one year, compound interest compounded annually is:Abeje secured a bank loan running for how many months?Abeje's loan was for what principal?Samuel's simple interest loan carried an annual rate of:Heather's short-term loan ran for how many days?A loan repaid in two or more instalments involves a:A partial payment is split between interest and:For the first partial payment, interest runs from the:In the worked example, the partial payment fell how many days in?The interest portion of that partial payment came to:In another worked loan, the partial payment fell after how many days?One worked simple interest loan had a payoff of:A larger worked loan had a payoff amount of:Compound interest grows an account faster because more money:Cody's account compounded quarterly at what annual rate?A 17 year worked example compounded how many times a year?Another worked compound example used a principal of: