Simple Interest (SSC) (Part-2)

Total Questions: 50

41. A person deposited some amount of money in the bank at simple interest. After 20 years, the amount became nine times the amount deposited. In how many years will the amount become 13 times the amount if the interest rate remains the same? [SSC CPO 27/06/2024 (3rd Shift)]

Correct Answer: (a) 30
Solution:

42. A certain sum of money is given at a certain rate of simple interest for 4 years. Had it been given at 11% higher rate for the same time, it would have fetched ₹1320 more. Find the sum (in ₹). [SSC CPO 28/06/2024 (2nd Shift)]

Correct Answer: (b) 3000
Solution:

43. A part of ₹48,500 is invested at a simple interest of 15% per annum. The rest of the money is invested at the rate of 10% simple interest per annum after 2 years of the first investment. The ratio of interest after 5 years from the time when the first amount was invested is 5 : 3. How much is the second part that was invested (in ₹) at the rate of 10% simple interest ? [SSC CPO 29/06/2024 (1st Shift)]

Correct Answer: (b) 29,100
Solution:

44. If the simple interest on a certain sum of money for 20 months at the rate of 19.2% per annum exceeds the simple interest on the same sum for 15 months at the rate of 11.2% p.a. by ₹2,920, then what is the sum (in ₹ to the nearest hundreds)? [SSC CPO 29/06/2024 (2nd Shift)]

Correct Answer: (c) 16,200
Solution:

45. Rohan buys a bike priced at ₹95,000. He pays ₹25,000 at once and the rest after 18 months, on which he is charged a simple interest at the rate of 10% per annum. The total amount (in ₹) he pays for the bike is: [Matriculation Level 20/06/2024 (Shift-1)]

Correct Answer: (d) 1,05,500
Solution:

46. Sanjana borrows ₹16,000 at 24% per annum simple interest and Savithri borrows ₹18,200 at 20% per annum simple interest. In how many years will their amounts of debts be equal? [Matriculation Level 20/06/2024 (Shift-4)]

Correct Answer: (b) 11
Solution:

47. On a deposit of ₹1,50,000, R gets ₹2,000 as interest on simple rate of interest in a year. How much amount (in ₹) should he deposit to get interest of ₹4,500? [Matriculation Level 21/06/2024 (Shift-1)]

Correct Answer: (d) 3,37,500
Solution:

48. A borrows ₹20,000 from B and C. B lends him a certain sum of money at 25% simple interest per annum, while C lends him the remaining sum of money at 21% simple interest per annum. The total interest paid by A in one year is ₹4,500. The sum (in ₹) borrowed from B is: [Matriculation Level 21/06/2024 (Shift-1)]

Correct Answer: (c) 7,500
Solution:

49. Mr Gogia invested an amount of ₹13,900 divided into two different schemes A and B at the simple interest rate of 14% pa and 11% pa, respectively. If the total amount of simple interest earned in 2 years is ₹3,508, what was the amount invested in scheme B? [Matriculation Level 21/06/2024 (Shift-1)]

Correct Answer: (c) ₹6,400
Solution:

50. A sum of money invested at simple interest amounts to ₹1,01,264 in 3 years and to ₹1,01,654 in 4 years. What was the sum invested (in ₹) ? [Matriculation Level 21/06/2024 (Shift-4)]

Correct Answer: (d) 1,00,094
Solution: