Simple Interest (SSC) (Part-3)

Total Questions: 50

1. The simple interest on a certain sum is one-fifth of the sum and the interest rate per cent per annum is 3.2 times the number of years. If the rate of interest increases by 4%, then the simple interest (in ₹) on ₹7,500 for 4 years is: [Matriculation Level 21/06/2024 (Shift-4)]

Correct Answer: (c) 3,600
Solution:

2. A sum was put at simple interest at a certain rate for 4 years. Had it been put at 5% higher rate, it would have fetched ₹520 more. Find the sum. [Matriculation Level 21/06/2024 (Shift-4)]

Correct Answer: (b) ₹2,600
Solution:

3. If a certain sum of money at 5% per annum simple interest amounts to ₹810 in 2 ½ years, then the certain sum is: [Matriculation Level 24/06/2024 (Shift-1)]

Correct Answer: (c) ₹720
Solution:

4. A bank gives simple interest at the rate of 4.5% per annum. How much money (in ₹) should a person deposit to get ₹7,500 as interest every year? [Matriculation Level 25/06/2024 (Shift-1)]

Correct Answer: (d) 1,66,666.67
Solution:

5. ₹50,000 is deposited in a bank account. There was already some money in the account. Now the bank gives ₹7,500 as simple interest in a year. The rate of simple interest is 4.5% per annum. How much money (in ₹) was already there in the account? [Matriculation Level 26/06/2024 (Shift-1)]

Correct Answer: (c) 1,16,666.67
Solution:

6. A certain sum of money amounts to ₹1,250 in 4 years and to ₹1,520 in 5 ½ years at a certain rate of simple interset. Find the rate of interset per annum (correct to two places of decimals) [Higher Secondary 25/06/2024 (Shift-2)]

Correct Answer: (b) 33.96%
Solution:

7. In what duration (in years) will ₹1,500 amount to ₹2,250 at simple interest 10% per annum ? [Higher Secondary 25/06/2024 (Shift-4)]

Correct Answer: (b) 5
Solution:

8. Manish invested a certain sum of money at 10% per annum simple interest. If he receives an interest of ₹72780 after 1 year, the sum (in ₹) he invested is: [Graduate Level 21/06/2024 (Shift-3)]

Correct Answer: (d) 727800
Solution:

9. The simple interest on a sum of money is 9/45 of the sum. If the number of years is numerically 5 times of rate percent per annum, then find the rate percent per annum. [Graduate Level 26/06/2024 (Shift-4)]

Correct Answer: (b) 2%
Solution:

10. A person borrowed some money on simple interest. After 3 years, he returned 4/3 of the money to the lender. What was the rate of interest ? [SSC CHSL Tier II 02/11/2023]

Correct Answer: (a) 11 ⅑% p.a
Solution: