Simple Interest (SSC) (Part-2)

Total Questions: 50

21. If ₹1,875 becomes ₹2,625 in 4 years, what will ₹24,000 become at the end of 9 years at the same rate of interest, under simple interest? [SSC CGL 26/09/2024 (1st Shift)]

Correct Answer: (a) ₹45,600
Solution:

Interest for one year

22. In how many years will the simple interest on a sum of money be equal to 6 the principal at the rate of 2 ⁶⁄₇ % per annum? [SSC CHSL 01/07/2024 (1st Shift)]

Correct Answer: (c) 35 years
Solution:

23. Reshma took a loan of ₹12,00,000 with simple interest for as many years as the rate of interest. If she paid ₹9,72,000 as interest at the end of the loan period, what was the rate of interest per annum. [SSC CHSL 01/07/2024 (2nd Shift)]

Correct Answer: (a) 9%
Solution:

24. An amount becomes double in 7 years on simple interest. The amount would be four times in _______ years on the same rate of simple interest. [SSC CHSL 01/07/2024 (3rd Shift)]

Correct Answer: (c) 21
Solution:

25. The simple interest on a sum of money for 1½ years at 10% per annum is ₹30 more than the simple interest on the same sum for 1 year at 12% per annum. Find the sum. [SSC CHSL 02/07/2024 (2nd Shift)]

Correct Answer: (c) ₹1,000
Solution:

26. A man invested a sum of ₹5,000 on simple interest for 5 years such that the rate of interest for the first 2 years is 10% per annum, for the next 3 years it is 12% per annum How much interest (in ₹), will he earn at the end of 5 years? [SSC CHSL 03/07/2024 (2nd Shift)]

Correct Answer: (d) 2800
Solution:

27. The simple interest on a sum for 8 years is 4/5 of the sum. The rate of interest per annum is: [SSC CHSL 03/07/2024 (4th Shift)]

Correct Answer: (d) 10%
Solution:

28. How much time (in years) will it take for an amount of ₹4,50,000 to yield 45,000 as simple interest at a 5% per annum rate of interest? [SSC CHSL 04/07/2024 (2nd Shift)]

Correct Answer: (b) 2
Solution:

29. An amount of ₹8,000 was invested for 2 years, partly in scheme 1 at the rate of 5% simple interest per annum and the rest in scheme 2 at the rate of 4% simple Interest per annum. The total interest received at the end was ₹720. The amount of money invested in scheme 1 is: [SSC CHSL 04/07/2024 (4th Shift)]

Correct Answer: (d) ₹4,000
Solution:

30. An equal sum of money was lent to P and Q at 8.6% per annum for a period of 7 years and 8 years, respectively. If the difference in interest paid by them was ₹172, then the sum lent to each was: [SSC CHSL 05/07/2024 (2nd Shift)]

Correct Answer: (a) ₹2,000
Solution: