Simple Interest (SSC) (Part-2)

Total Questions: 50

31. If the ratio of principal and simple interest for 5 years is 10 : 7, then the rate of interest per annum is: [SSC CHSL 05/07/2024 (3rd Shift)]

Correct Answer: (d) 14%
Solution:

32. What will be the amount due on ₹12,000 in 2 years when the rate of simple interest on successive years is 9% and 10%, respectively? [SSC CHSL 08/07/2024 (2nd Shift)]

Correct Answer: (d) ₹14,280
Solution:

33. A sum of money becomes five times its original value in 15 years when invested at a certain simple interest rate. If the sum was invested twice the time at the same rate of interest, what would be the final amount? [SSC CHSL 08/07/2024 (3rd Shift)]

Correct Answer: (a) The money becomes 9 times its original value
Solution:

34. Ram invested a certain sum of money at simple interest. It amounted to 5/4 of itself in 3 years. What will be its rate percent per annum? [SSC CHSL 08/07/2024 (4th Shift)]

Correct Answer: (d) 8.33%
Solution:

35. If a sum of ₹3,260 on simple interest amounts to ₹5,420 in 6 years, then what will this sum amount to in 4 years at the same rate of interest? [SSC CHSL 09/07/2024 (2nd Shift)]

Correct Answer: (c) ₹4,700
Solution:

36. An amount invested fetched a total simple interest of ₹4,050 at the rate of 9% per annum in 5 years. What is the amount invested (in ₹)? [SSC CHSL 09/07/2024 (3rd Shift)]

Correct Answer: (d) 9,000
Solution:

37. What will be the amount due on ₹36,000 in 2 years when the rate of simple interest for successive years is 8% and 6%, respectively? [SSC CHSL 09/07/2024 (4th Shift)]

Correct Answer: (d) ₹41,040
Solution:

38. Ramu invested some money at 8% simple interest per annum, and it was grown up to ₹820 in 8 years. If the same sum was invested at 20% simple interest per annum for a period of 10 years, find the amount. [SSC CHSL 10/07/2024 (4th Shift)]

Correct Answer: (d) ₹1,500
Solution:

39. A sum of ₹5,000 was lent to two people, one at the rate of 16% and the other at the rate of 24%. If the simple interest after one year is ₹960, what is the sum lent at the higher rate? [SSC CHSL 11/07/2024 (2nd Shift)]

Correct Answer: (b) ₹2,000
Solution:

40. A person borrowed ₹1760 at 6% per annum and ₹2240 at 9% per annum at simple interest for the same period. He had to pay ₹1536 in all as interest. Find the time (in years). [SSC CPO 27/06/2024 (1st Shift)]

Correct Answer: (c) 5
Solution: