Simple Interest (SSC) (Part-3)

Total Questions: 50

11. In how many years will ₹2,500 invested at the rate of 16% p.a. simple interest, amount to ₹4,100? [SSC CHSL Tier II 10/01/2024]

Correct Answer: (a) 4
Solution:

12. Rajesh invested ₹10,000 by dividing it into two different investment schemes, A and B, at simple interest rates of 8% and 10%, respectively. If the total interest earned in 2 years is ₹1,680, the amount invested in scheme A is: [SSC CPO 03/10/2023 (1st Shift)]

Correct Answer: (d) ₹8,000
Solution:

13. If an amount of ₹80 becomes ₹96 in 2 years in a bank account which gives simple annual interest, then an amount of ₹62,000 will become________in the same account after 5 years. [SSC CPO 03/10/2023 (2nd Shift)]

Correct Answer: (a) ₹93,000
Solution:

14. Ramesh borrowed ₹15,000 at a certain rate of simple interest from a bank. He repaid (the principal but not interest) ₹6,000 after 5 years, and after 5 more years he paid ₹18,600 and settled his account. Find the rate of simple interest per annum. [SSC CPO 04/10/2023 (2nd Shift)]

Correct Answer: (b) 8%
Solution:

15. Kanchan lent ₹10,000 for 2 years and ₹5,000 for 4 years at the same rate of simple interest. If the total interest received by Kanchan is ₹2,000, then what was the rate of interest? [SSC CPO 04/10/2023 (3rd Shift)]

Correct Answer: (d) 5%
Solution:

16. A sum of money deposited at simple interest amounts to ₹1,020 in three years and ₹980 in two years. The sum deposited is : [SSC MTS 01/09/2023 (2nd Shift)]

Correct Answer: (a) ₹900
Solution:

17. A car dealer borrows ₹20,000 from a bank for a period of 2 years at a simple interest rate of 8% per annum. If he repays the loan in full at the end of the 2 year period, how much will he have to pay? [SSC MTS 04/09/2023 (1st Shift)]

Correct Answer: (c) ₹23,200
Solution:

18. A sum invested at the rate of 6% simple interest per annum grows to ₹1,13,880 in 5 years. What is the simple interest, If the same amount is invested for 8 years at the rate of 9% per annum? [SSC MTS 04/09/2023 (2nd Shift)]

Correct Answer: (a) ₹63,072
Solution:

19. The ratio of principal and amount is 5 : 6 for one year. Find the rate of simple interest per annum? [SSC MTS 04/09/2023 (3rd Shift)]

Correct Answer: (d) 20%
Solution:

20. The simple interest on a certain sum for 4 years at the rate of 15% pa. is ₹4,500 less than the simple interest on the same sum for 6 years at the same rate of interest. Find the sum. [SSC MTS 06/09/2023 (2nd Shift)]

Correct Answer: (c) ₹15,000
Solution: