Simple Interest (SSC) (Part-2)

Total Questions: 50

11. Sohan borrows a sum of ₹1,41,545 at the rate of 11% per annum simple interest. At the end of the first year, he repays ₹25,490 towards the return of principal amount borrowed. If Sohan 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 11/09/2024 (3rd Shift)]

Correct Answer: (a) 1,44,391
Solution:

12. A certain sum of money becomes seven times itself when invested at a certain rate of simple interest, in 14 years. How much time (in years, rounded off to 2 decimal places) will it take to become 18 times itself at the same rate ? [SSC CGL 12/09/2024 (1st Shift)]

Correct Answer: (b) 39.67
Solution:

13. A trader owes a merchant ₹9,810 due in 1 year, but the trader wants to settle the account after 6 months. If the rate of simple interest is 9% per annum, how much cash (in ₹) should he pay? [SSC CGL 13/09/2024 (2nd Shift)]

Correct Answer: (d) 9,405
Solution:

14. A sum of ₹10,000 is taken as a loan by Rajesh at a rate of 15% p.a. simple interest for 2 years. But Rajesh could not repay it at the agreed time and asked for an extension of two more years. So, the lender included the interest amount for the period as principal for the next two years at the same rate of interest. The total amount paid by Rajesh at the end of 4 years is: [SSC CGL 13/09/2024 (3rd Shift)]

Correct Answer: (b) ₹16,900
Solution:

15. A certain sum of money is given at a certain rate of simple interest for 6 years. Had it been given at 7% higher rate, it would have fetched ₹1,512 more. Find the sum (in ₹). [SSC CGL 18/09/2024 (1st Shift)]

Correct Answer: (b) 3,600
Solution:

16. A total of ₹2,00,000 is divided into two parts for investing in different banks on simple interest. One yields 4% p.a. while the other yields 6% p.a. If the total interest at the end of one year is equivalent to 4.7% p.a. on the whole amount, the amount (in ₹) invested in each bank is___________,respectively. [SSC CGL 18/09/2024 (2nd Shift)]

Correct Answer: (a) 1,30,000 and 70,000
Solution:

17. A sum of ₹1,456, when invested for ten years, amounts to ₹2,366 on maturity. Find the rate of simple interest per annum that was to be paid on the sum invested. [SSC CGL 19/09/2024 (2nd Shift)]

Correct Answer: (c) 6.25%
Solution:

18. The difference between the simple interests on the principal of ₹500 at an interest rate of 5% per annum for 3 years and 4% per annum for 4 years is: [SSC CGL 23/09/2024 (1st Shift)]

Correct Answer: (b) ₹5
Solution:

19. In how much time (in years, rounded off to 2 decimal places) will ₹10,800 amount to ₹24,800 if invested at simple interest at the rate of 15.5% per annum? [SSC CGL 24/09/2024 (1st Shift)]

Correct Answer: (b) 8.36
Solution:

20. Ramu lent ₹3,000 to Raju and a certain sum to Ravi at the same time and at the same rate of simple interest of 8% per annum. After 5 years, he received a sum of ₹1,600 from Raju and Ravi together as interest. Find the sum lent to Ravi. [SSC CGL 24/09/2024 (3rd Shift)]

Correct Answer: (a) ₹1,000
Solution: