Simple Interest (SSC) (Part-3)

Total Questions: 50

21. In a certain time, a sum becomes 5 times at the rate of 6% per annum on simple interest. At what rate of interest, the same sum becomes 8 times in the same duration? [SSC MTS 08/09/2023 (2nd Shift)]

Correct Answer: (b) 10.5%
Solution:

22. If the ratio of the principal and the simple interest for 5 years is 10 : 7, then the rate of interest per annum is: [SSC MTS 08/09/2023 (3rd Shift)]

Correct Answer: (d) 14%
Solution:

23. ₹8,000 becomes ₹9,800 in three years at simple interest rate. If the rate of interest becomes two times of itself, then what will be the amount of the same principle in four years? [SSC MTS 11/09/2023 (2nd Shift)]

Correct Answer: (c) ₹12,800
Solution:

24. A certain sum of money lent out at simple interest amounts to ₹12,600 in 2 years and ₹16,200 in 4 years. The rate percent per annum is: [SSC MTS 11/09/2023 (3rd Shift)]

Correct Answer: (d) 20%
Solution:

25. The simple interest on a sum of money is four times the principal. The rate percent per annum and time in years are equal. Find the rate percent per annum. [SSC MTS 12/09/2023 (1st Shift)]

Correct Answer: (d) 20%
Solution:

26. A certain sum is invested at a simple interest rate of 12% per annum for a certain period of time. If the sum becomes four times the principal at the end of the period, what is the duration of the investment? [SSC MTS 14/09/2023 (1st Shift)]

Correct Answer: (c) 25 years
Solution:

27. A man deposited ₹10,000 at simple interest in a fund. The interest rate on the fund increases by 4% every year. If the interest rate at the time of the amount deposit was 8%, what is the interest earned (in ₹) by him after 5 years. [SSC CHSL 02/08/2023 (4th Shift)]

Correct Answer: (d) 8,000
Solution:

28. If the simple interest on a certain sum of money is ₹11,220 at the rate of 16 ½% per annum for 8 years and 3 months, then what is the principal amount (in ₹, rounded off to the nearest rupee)? [SSC CHSL 03/08/2023 (3rd Shift)]

Correct Answer: (d) 8,242
Solution:

29. A man invested ₹25,400 on simple interest for 9 years to obtain a total amount of ₹67,790 on a certain annual rate of interest. What was the rate of interest (rounded off to 2 decimal places) to obtain the above amount? [SSC CHSL 04/08/2023 (4th Shift)]

Correct Answer: (c) 18.45%
Solution:

30. A person invested a certain amount at a rate of 12% simple interest and another amount at a rate of 10% simple interest. He received an annual interest of ₹130. However, if he had interchanged the amounts invested, he would have received ₹4 more as interest. How much did he invest at the rate of 12% simple interest originally? [SSC CHSL 07/08/2023 (3rd Shift)]

Correct Answer: (a) ₹500
Solution: