Simple Interest (SSC)

Total Questions: 50

1. Mohan borrows a sum of ₹4,22,092 at the rate of 20% per annum simple interest. At the end of the first year, he repays ₹21,679 towards the return of principal amount borrowed. If Mohan clears all pending dues at the end of the second year, including interest payment that accrued during the first year, how much does he pay (in ₹) at the end of the second year? [SSC CGL 09/09/2024 (1st Shift)]

Correct Answer: (d) 564914
Solution:

2. Read the statements and answer the question given below: [SSC CHSL 02/07/2024 (1st Shift)]

Correct Answer: (c)
Solution:

Hence, K : L = r n : 1

3. The simple interest earned on ₹2,800 at a rate of 10% per annum for 3 years is x and ₹1,736 is the simple interest earned on ₹6,200 at a rate of 14% for y years, then the value of 𝓍/y is: [SSC CGL Tier II (26/10/2023)]

Correct Answer: (d) 420
Solution:

4. A sum of ₹800 amounts to ₹1,040 in 3 years at simple interest. If the interest rate is increased by 3%, find the amount. [SSC MTS 14/09/2023 (2nd Shift)]

Correct Answer: (c) ₹1,112
Solution:

5. A person invests ₹5,000 at a simple interest rate of 5% per annum for 5 years. At the end of 5 years, she reinvests the entire amount at the same rate of interest for another 3 years. What will be the total interest earned by the person at the end of 8 years ? [SSC MTS 13/09/2023 (3rd Shift)]

Correct Answer: (d) ₹2,187.50
Solution:

6. In 't' years, the simple interest earned on a certain amount at the rate of 10% per annum is 5/8ᵗʰ of the principal amount. If the rate of interest is made three-fourth of 10% and the simple interest remains the same, which of the following statements is true about the changed value of time? [SSC CHSL 14/08/2023 (4th Shift)]

Correct Answer: (c)
Solution:

7. At a certain annual rate (rounded off to the nearest integer) of simple interest, a sum of money becomes nine times its original value in 21 years. By how much does the rate of interest change if the same sum of money has to become 12 times its original value in 25 years? [SSC CHSL 10/08/2023 (2nd Shift)]

Correct Answer: (b) Increases by 6%
Solution:

8. If a sum of money becomes ₹6,000 in 3 years and ₹10,500 in 7 years and 6 months at the same rate of simple interest, then what is the rate of interest? [SSC CHSL 07/08/2023 (4th Shift)]

Correct Answer: (a)
Solution:

9. Ravi borrowed some money at the rate of 5% per annum for the first three years, 8% per annum for the next two years and 10% per annum for the period beyond 5 years. If he paid a total simple interest of ₹12,750 at the end of 7 years, then how much money did he borrow? [SSC CHSL 07/08/2023 (1st Shift)]

Correct Answer: (a) ₹25,000
Solution:

10. What will be the total amount payable on ₹25,000 in 2 years if the rate of simple interest in successive years is 4% and 5% respectively ? [SSC CHSL 04/08/2023 (1st Shift)]

Correct Answer: (d) ₹27,250
Solution: