{"id":93463,"date":"2025-07-16T22:52:09","date_gmt":"2025-07-16T17:22:09","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=93463"},"modified":"2025-07-16T22:52:10","modified_gmt":"2025-07-16T17:22:10","slug":"simple-and-compound-interest-questions-ssc-cgl","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-questions-ssc-cgl\/","title":{"rendered":"Simple and Compound Interest Questions for SSC CGL 2025"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-questions-ssc-cgl\/#Simple_Interest_And_Comount_Interest_In_SSC_CGL\" >Simple Interest And Comount Interest In SSC CGL<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-questions-ssc-cgl\/#SSC_CGL_Exam_2025_%E2%80%93_Overview\" >SSC CGL Exam 2025 \u2013 Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-questions-ssc-cgl\/#What_is_Simple_Interest\" >What is Simple Interest?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-questions-ssc-cgl\/#What_is_Compound_Interest\" >What is Compound Interest?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-questions-ssc-cgl\/#Common_Mistakes_Students_Make_in_SSC_CGL_Exam\" >Common Mistakes Students Make in SSC CGL Exam<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-questions-ssc-cgl\/#SSC_CGL_Simple_Interest_and_Compound_Interest_Questions\" >SSC CGL Simple Interest and Compound Interest Questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-questions-ssc-cgl\/#SSC_CGL_Simple_and_Compound_Interest_%E2%80%93_FAQs\" >SSC CGL Simple and Compound Interest &#8211; FAQs<\/a><\/li><\/ul><\/nav><\/div>\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Simple_Interest_And_Comount_Interest_In_SSC_CGL\"><\/span>Simple Interest And Comount Interest In SSC CGL<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Questions related to Simple Interest and Compound Interest are most commonly asked in most competitive exams conducted by the Staff Selection Commission. It is a scoring topic if you can grasp the basic concepts. In this blog, we will be providing simple and compound interest questions that will be beneficial for the SSC CGL Exam 2025 preparation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SSC_CGL_Exam_2025_%E2%80%93_Overview\"><\/span>SSC CGL Exam 2025 \u2013 Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <a href=\"https:\/\/www.oliveboard.in\/ssc-cgl-notification\/?ref=contan-ssc\" target=\"_blank\" rel=\"noreferrer noopener\">SSC CGL notification<\/a> was released on 9th June 2025 for <strong>14,582 vacancies<\/strong>. The SSC CGL Tier-I Exam 2025 is scheduled to be held from 13th to 30th August 2025. Check the key details in the table below:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Particulars<\/strong><\/td><td><strong>SSC CGL 2025 Details<\/strong><\/td><\/tr><tr><td>Name<\/td><td>Staff Selection Commission Combined Graduate Level (SSC CGL)<\/td><\/tr><tr><td>Conducted by<\/td><td>Staff Selection Commission (SSC)<\/td><\/tr><tr><td>Exam Level<\/td><td>National<\/td><\/tr><tr><td>Frequency<\/td><td>Yearly<\/td><\/tr><tr><td>Vacancies<\/td><td>14,582 vacancies<\/td><\/tr><tr><td>Exam Mode<\/td><td>Online<\/td><\/tr><tr><td>Exam Duration<\/td><td>Tier-I: 60 minutes, Tier-II: 2 hours 15 minutes (Paper-I)<\/td><\/tr><tr><td>Purpose of Exam<\/td><td>To select candidates for Group B and C posts in Government Departments<\/td><\/tr><tr><td>Language<\/td><td>Multilingual<\/td><\/tr><tr><td>Exam Helpdesk No.<\/td><td>011-69999845<\/td><\/tr><tr><td>Official Website<\/td><td><a href=\"https:\/\/ssc.gov.in\" target=\"_blank\" rel=\"noreferrer noopener\">ssc.gov.in<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Simple_Interest\"><\/span>What is Simple Interest?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Simple Interest is the amount earned or paid only on the original principal over a period of time. It does not include interest on interest.<\/p>\n\n\n\n<p><strong>Formula:<\/strong><br>Simple Interest = (P \u00d7 R \u00d7 T) \/ 100<\/p>\n\n\n\n<p>Where:<br>\u2022 <strong>P<\/strong> = Principal (initial amount)<br>\u2022 <strong>R<\/strong> = Rate of interest per annum (%)<br>\u2022 <strong>T<\/strong> = Time period in years<\/p>\n\n\n\n<p>This formula is commonly used in <a href=\"https:\/\/www.oliveboard.in\/ssc-cgl\/?ref=contan-ssc\" target=\"_blank\" rel=\"noreferrer noopener\">SSC CGL<\/a> exams for quick and direct calculations.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Compound_Interest\"><\/span>What is Compound Interest?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Compound Interest is the interest calculated not only on the principal amount but also on the interest earned in previous periods. It grows faster than Simple Interest over time.<\/p>\n\n\n\n<p><strong>Formula:<\/strong><br>Compound Interest = P \u00d7 (1 + R\/100)^T \u2013 P<\/p>\n\n\n\n<p>Where:<br>\u2022 <strong>P<\/strong> = Principal (initial amount)<br>\u2022 <strong>R<\/strong> = Annual interest rate (%)<br>\u2022 <strong>T<\/strong> = Time period in years<\/p>\n\n\n\n<p>This formula is useful for solving questions in SSC CGL Tier 1 and Tier 2 exams.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link\" href=\"https:\/\/www.oliveboard.in\/ssc-cgl-previous-year-papers\/?ref=contan-ssc\" target=\"_blank\" rel=\"noreferrer noopener\">Download SSC CGL Previous year papers for free<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Common_Mistakes_Students_Make_in_SSC_CGL_Exam\"><\/span>Common Mistakes Students Make in SSC CGL Exam<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Every year, many SSC CGL aspirants lose marks due to avoidable errors. Being aware of these mistakes can help you stay ahead and improve your final score.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Ignoring exam pattern updates<\/strong> \u2013 Not checking the latest syllabus or changes in the Tier structure can lead to poor preparation.<\/li><li><strong>Skipping mock tests<\/strong> \u2013 Without regular mocks, students fail to build exam temperament, time management, and speed.<\/li><li><strong>Not revising basics<\/strong> \u2013 Weak foundational knowledge in Maths, English grammar, or reasoning concepts leads to confusion in tricky questions.<\/li><li><strong>Guesswork without elimination<\/strong> \u2013 Blindly marking answers in negative marking sections results in unnecessary loss of marks.<\/li><li><strong>Time mismanagement during the exam<\/strong> \u2013 Spending too much time on one section (like Quant) often leaves less time for others.<\/li><li><strong>Ignoring Tier 2 early on<\/strong> \u2013 Focusing only on Tier 1 without planning ahead for Tier 2 reduces chances of final selection.<\/li><li><strong>Not reading questions carefully<\/strong> \u2013 Overlooking keywords like &#8220;not&#8221;, &#8220;except&#8221;, or specific conditions causes silly mistakes.<\/li><li><strong>Over-relying on short tricks<\/strong> \u2013 Using tricks without understanding the logic can backfire, especially in moderate to tough-level questions.<\/li><\/ul>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link\" href=\"https:\/\/www.oliveboard.in\/ssc-cgl-mock-test\/?ref=contan-ssc\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt free SSC CGL Mock Test<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SSC_CGL_Simple_Interest_and_Compound_Interest_Questions\"><\/span>SSC CGL Simple Interest and Compound Interest Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To help you prepare for the upcoming SSC CGL 2025 exam, here are important practice questions based on the latest pattern. These questions will help you revise important formulas, improve speed, and strengthen your conceptual clarity.<\/p>\n\n\n\n<p>Q1. A sum of Rs. 12,000, at compound interest becomes double after 5 years. How much will it be after 20 years?<br>A) Rs. 1,20,000<br>B) Rs. 1,44,000<br>C) Rs. 1,92,000<br>D) Rs. 1,50,000<br><strong>Correct Answer: C<\/strong><\/p>\n\n\n\n<p>Q2. At what rate of compound interest per annum will a sum of Rs 20000 become Rs 23328 in 2 years?<br>A) 8 per cent<br>B) 12 per cent<br>C) 24 per cent<br>D) 16 per cent<br><strong>Correct Answer: A<\/strong><\/p>\n\n\n\n<p>Q3. What will be the simple interest on Rs. 6,000 at 5% per annum for 3 years?<br>A) Rs. 900<br>B) Rs. 1,000<br>C) Rs. 850<br>D) Rs. 1,200<br><strong>Correct Answer: A<\/strong><\/p>\n\n\n\n<p>Q4. The difference between the compound interest and simple interest on Rs. 10,000 at 10% per annum for 2 years is:<br>A) Rs. 100<br>B) Rs. 120<br>C) Rs. 150<br>D) Rs. 200<br><strong>Correct Answer: B<\/strong><\/p>\n\n\n\n<p>Q5. If the compound interest on Rs. 10,000 for 2 years is Rs. 2,100, what is the rate of interest per annum?<br>A) 9%<br>B) 10%<br>C) 12%<br>D) 11%<br><strong>Correct Answer: C<\/strong><\/p>\n\n\n\n<p>Q6. What sum will earn a simple interest of Rs. 4800 in 4 years at the rate of 12% per annum?<br>A) Rs. 10,000<br>B) Rs. 12,000<br>C) Rs. 8,000<br>D) Rs. 15,000<br><strong>Correct Answer: A<\/strong><\/p>\n\n\n\n<p>Q7. A sum of Rs. 6250 is borrowed at 8% compound interest per annum. What will be the amount after 2 years?<br>A) Rs. 7290<br>B) Rs. 7200<br>C) Rs. 7296<br>D) Rs. 7150<br><strong>Correct Answer: C<\/strong><\/p>\n\n\n\n<p>Q8. A man deposited Rs. 5000 in a bank and got Rs. 600 as interest after 3 years. What is the rate of simple interest?<br>A) 4%<br>B) 5%<br>C) 6%<br>D) 8%<br><strong>Correct Answer: C<\/strong><\/p>\n\n\n\n<p>Q9. The compound interest on Rs. 20,000 for 2 years is Rs. 4,200. What is the annual interest rate?<br>A) 10%<br>B) 12%<br>C) 15%<br>D) 20%<br><strong>Correct Answer: B<\/strong><\/p>\n\n\n\n<p>Q10. In how many years will Rs. 5000 amount to Rs. 6200 at 8% per annum simple interest?<br>A) 3 years<br>B) 2.5 years<br>C) 4 years<br>D) 5 years<br><strong>Correct Answer: C<\/strong><\/p>\n\n\n\n<p>Q11. Find the compound interest on Rs. 16000 at 10% per annum for 2 years.<br>A) Rs. 3360<br>B) Rs. 3500<br>C) Rs. 3000<br>D) Rs. 3200<br><strong>Correct Answer: A<\/strong><\/p>\n\n\n\n<p>Q12. What is the simple interest on Rs. 4000 at 6% per annum for 5 years?<br>A) Rs. 1,000<br>B) Rs. 1,100<br>C) Rs. 1,200<br>D) Rs. 1,300<br><strong>Correct Answer: C<\/strong><\/p>\n\n\n\n<p>Q13. The compound interest on Rs. 8000 at 5% per annum for 2 years is:<br>A) Rs. 820<br>B) Rs. 820.50<br>C) Rs. 812<br>D) Rs. 800<br><strong>Correct Answer: B<\/strong><\/p>\n\n\n\n<p>Q14. A sum of Rs. 10,000 becomes Rs. 11,025 in 1 year at compound interest. What is the rate of interest?<br>A) 10%<br>B) 12%<br>C) 8%<br>D) 9%<br><strong>Correct Answer: A<\/strong><\/p>\n\n\n\n<p>Q15. If the simple interest on Rs. 7500 in 3 years is Rs. 1,800, what is the rate of interest per annum?<br>A) 8%<br>B) 7%<br>C) 6%<br>D) 9%<br><strong>Correct Answer: A<\/strong><\/p>\n\n\n\n<p>Q16. A sum becomes Rs. 8,820 after 2 years and Rs. 9,261 after 3 years under compound interest. Find the rate.<br>A) 5%<br>B) 6%<br>C) 4%<br>D) 8%<br><strong>Correct Answer: A<\/strong><\/p>\n\n\n\n<p>Q17. What sum will amount to Rs. 6,720 in 2 years at 10% compound interest?<br>A) Rs. 5500<br>B) Rs. 5600<br>C) Rs. 5800<br>D) Rs. 6000<br><strong>Correct Answer: D<\/strong><\/p>\n\n\n\n<p>Q18. A certain sum amounts to Rs. 6,400 in 2 years and to Rs. 7,040 in 3 years under compound interest. What is the rate?<br>A) 9%<br>B) 8%<br>C) 10%<br>D) 12%<br><strong>Correct Answer: C<\/strong><\/p>\n\n\n\n<p>Q19. The simple interest on Rs. 7500 at 8% per annum is Rs. 2,400. Find the time.<br>A) 4 years<br>B) 3 years<br>C) 2.5 years<br>D) 5 years<br><strong>Correct Answer: D<\/strong><\/p>\n\n\n\n<p>Q20. Find the compound interest on Rs. 6400 for 3 years at 5% per annum.<br>A) Rs. 1008<br>B) Rs. 1012<br>C) Rs. 1015<br>D) Rs. 1050<br><strong>Correct Answer: A<\/strong><\/p>\n\n\n\n<p>Q21. A person invests Rs. 10,000 at 10% compound interest compounded annually. What will be the amount after 3 years?<br>A) Rs. 13,310<br>B) Rs. 13,000<br>C) Rs. 13,100<br>D) Rs. 13,500<br><strong>Correct Answer: A<\/strong><\/p>\n\n\n\n<p>Q22. A sum of money becomes Rs. 7,744 in 2 years and Rs. 8,518.40 in 3 years at compound interest. Find the rate.<br>A) 8%<br>B) 10%<br>C) 9%<br>D) 6%<br><strong>Correct Answer: C<\/strong><\/p>\n\n\n\n<p>Q23. What is the compound interest on Rs. 5,000 for 3 years at 10% per annum?<br>A) Rs. 1,500<br>B) Rs. 1,610<br>C) Rs. 1,655<br>D) Rs. 1,650<br><strong>Correct Answer: B<\/strong><\/p>\n\n\n\n<p>Q24. A person borrowed Rs. 4000 for 2 years at simple interest and paid Rs. 480 as interest. What is the rate of interest?<br>A) 5%<br>B) 6%<br>C) 7%<br>D) 8%<br><strong>Correct Answer: D<\/strong><\/p>\n\n\n\n<p>Q25. At what rate will Rs. 6,250 amount to Rs. 7,812.50 in 3 years compounded annually?<br>A) 8%<br>B) 9%<br>C) 10%<br>D) 12%<br><strong>Correct Answer: C<\/strong><\/p>\n\n\n\n<p>Q26. A sum becomes Rs. 13,310 after 3 years at compound interest. If the rate is 10% per annum, find the principal.<br>A) Rs. 10,000<br>B) Rs. 10,500<br>C) Rs. 11,000<br>D) Rs. 9,500<br><strong>Correct Answer: A<\/strong><\/p>\n\n\n\n<p>Q27. What will be the CI on Rs. 12,000 at 5% per annum for 2 years compounded annually?<br>A) Rs. 1,230<br>B) Rs. 1,250<br>C) Rs. 1,260<br>D) Rs. 1,215<br><strong>Correct Answer: D<\/strong><\/p>\n\n\n\n<p>Q28. A sum doubles itself in 5 years at compound interest. In how many years will it become 8 times?<br>A) 15<br>B) 10<br>C) 20<br>D) 12<br><strong>Correct Answer: A<\/strong><\/p>\n\n\n\n<p>Q29. If a sum amounts to Rs. 6,250 in 2 years and Rs. 6,875 in 3 years at compound interest, find the rate.<br>A) 9%<br>B) 10%<br>C) 8%<br>D) 6%<br><strong>Correct Answer: B<\/strong><\/p>\n\n\n\n<p>Q30. A sum of money is invested for 2 years at compound interest. The interest for the second year is Rs. 330 and for the first year is Rs. 300. Find the rate.<br>A) 8%<br>B) 10%<br>C) 12%<br>D) 11%<br><strong>Correct Answer: B<\/strong><\/p>\n\n\n\n<p>Check out <a href=\"https:\/\/www.oliveboard.in\/courses\/?ref=contan-ssc\" target=\"_blank\" rel=\"noreferrer noopener\">Courses for All Govt Exams<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SSC_CGL_Simple_and_Compound_Interest_%E2%80%93_FAQs\"><\/span>SSC CGL Simple and Compound Interest &#8211; FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1751898713463\"><strong class=\"schema-faq-question\">Q1. Are Simple Interest and Compound Interest important for SSC CGL?<\/strong> <p class=\"schema-faq-answer\"><strong>Ans:<\/strong> Yes, they are frequently asked in both Tier 1 and Tier 2 exams.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1751900352062\"><strong class=\"schema-faq-question\">Q2. What is the basic formula for Simple Interest?<\/strong> <p class=\"schema-faq-answer\"><strong>Ans:<\/strong> SI = (P \u00d7 R \u00d7 T) \/ 100<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1751900363631\"><strong class=\"schema-faq-question\">Q3. Is CI always greater than SI for the same P, R, T?<\/strong> <p class=\"schema-faq-answer\"><strong>Ans:<\/strong> Yes, except when time is 1 year or rate is 0%.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1751900404542\"><strong class=\"schema-faq-question\">Q4. What topics should I study before learning SI and CI?<\/strong> <p class=\"schema-faq-answer\"><strong>Ans:<\/strong> Basics of percentages and ratio-proportion.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1751900415845\"><strong class=\"schema-faq-question\">Q5. What is the most common mistake in CI questions?<\/strong> <p class=\"schema-faq-answer\"><strong>Ans:<\/strong> Applying SI formula or forgetting compounding effect.<\/p> <\/div> <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-assistant-call-letter\/\">RBI Assistant Admit Card 2026 Out for Manipur Region<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/union-bank-apprentice-salary\/\">Union Bank Apprentice Salary 2026, Stipend and Job Profile Details<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/union-bank-of-india-apprentice-syllabus\/\">Union Bank Apprentice Syllabus 2026 &amp; Exam Pattern<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/union-bank-of-india-apprentice-recruitment\/\">Union Bank Apprentice Recruitment 2026, Apply 1865 Posts<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/types-of-money-and-cheques-notes\/\">Types of Money &amp; Cheques Notes, PDF &amp; Quiz for Exams<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/bank-merger-list\/\">Bank Mergers List in India, 1993 to 2026, Latest Updates<\/a><\/li>\n<\/ul>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Simple Interest And Comount Interest In SSC CGL The Questions related to Simple Interest and Compound Interest are most commonly<\/p>\n","protected":false},"author":66,"featured_media":222615,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5217,63],"tags":[],"class_list":["post-93463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ssc-prep","category-ssc-exams","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Simple and Compound Interest Questions For SSC CGL 2025<\/title>\n<meta name=\"description\" content=\"Practice Simple and Compound Interest Questions for SSC CGL. 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I focus on creating blogs, articles, and educational content that\u2019s simple, clear, and saves time for readers. I believe in writing that adds real value without overcomplicating things. I also have strong knowledge of banking and government exams, which helps me create content that is both accurate and easy to understand. With experience and consistency, I aim to make preparation smoother for every learner.\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-questions-ssc-cgl\/#faq-question-1751898713463\",\"position\":1,\"url\":\"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-questions-ssc-cgl\/#faq-question-1751898713463\",\"name\":\"Q1. 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I focus on creating blogs, articles, and educational content that\u2019s simple, clear, and saves time for readers. I believe in writing that adds real value without overcomplicating things. I also have strong knowledge of banking and government exams, which helps me create content that is both accurate and easy to understand. With experience and consistency, I aim to make preparation smoother for every learner."},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-questions-ssc-cgl\/#faq-question-1751898713463","position":1,"url":"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-questions-ssc-cgl\/#faq-question-1751898713463","name":"Q1. Are Simple Interest and Compound Interest important for SSC CGL?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"<strong>Ans:<\/strong> Yes, they are frequently asked in both Tier 1 and Tier 2 exams.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-questions-ssc-cgl\/#faq-question-1751900352062","position":2,"url":"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-questions-ssc-cgl\/#faq-question-1751900352062","name":"Q2. What is the basic formula for Simple Interest?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"<strong>Ans:<\/strong> SI = (P \u00d7 R \u00d7 T) \/ 100","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-questions-ssc-cgl\/#faq-question-1751900363631","position":3,"url":"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-questions-ssc-cgl\/#faq-question-1751900363631","name":"Q3. Is CI always greater than SI for the same P, R, T?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"<strong>Ans:<\/strong> Yes, except when time is 1 year or rate is 0%.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-questions-ssc-cgl\/#faq-question-1751900404542","position":4,"url":"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-questions-ssc-cgl\/#faq-question-1751900404542","name":"Q4. What topics should I study before learning SI and CI?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"<strong>Ans:<\/strong> Basics of percentages and ratio-proportion.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-questions-ssc-cgl\/#faq-question-1751900415845","position":5,"url":"https:\/\/www.oliveboard.in\/blog\/simple-and-compound-interest-questions-ssc-cgl\/#faq-question-1751900415845","name":"Q5. What is the most common mistake in CI questions?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"<strong>Ans:<\/strong> Applying SI formula or forgetting compounding effect.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts\/93463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/comments?post=93463"}],"version-history":[{"count":12,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts\/93463\/revisions"}],"predecessor-version":[{"id":222616,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts\/93463\/revisions\/222616"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/media\/222615"}],"wp:attachment":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/media?parent=93463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/categories?post=93463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/tags?post=93463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}