Simple Interest (SSC) (Part-3)

Total Questions: 50

31. If the simple interest on ₹2,500 is more than the interest on ₹1,500 by ₹360 in 3 years, then find the rate of interest per annum. [SSC CHSL 08/08/2023 (4th Shift)]

Correct Answer: (d) 12%
Solution:

32. Simple interest on a certain sum is one-fourth of the sum and the interest rate per annum is four times the number of years. If the rate of interest increases by 2%, then how much will the simple interest (in ₹) be on ₹3,600 for 6 years? [SSC CHSL 09/08/2023 (1st Shift)]

Correct Answer: (d) 2,592
Solution:

33. The simple interest (in, rounded off to the tens place) on ₹12,300 from 22 May 1993 to 2 August 1993 (both days are included) at the rate of 12% per annum is: [SSC CHSL 09/08/2023 (4th Shift)]

Correct Answer: (a) 300
Solution:

34. A man invested ₹4,500 at 5% per annum and ₹5,500 at 8% per annum simple interest. Both investments were for 4 years each. The amount received from the lower rate of interest is what percent (rounded off to the nearest integer) of the amount received from the higher rate of interest? [SSC CHSL 10/08/2023 (1st Shift)]

Correct Answer: (b) 74%
Solution:

35. An amount of ₹P was put at simple interest at a certain rate for 4 years. If it had been put at a 6% higher rate for the same period, it would have fetched ₹600 more interest. What is the value of 2.5 P? [SSC CHSL 10/08/2023 (4th Shift)]

Correct Answer: (b) ₹6,250
Solution:

36. The simple interest on a sum of money in 6 years at the rate of 15% per annum is ₹1,440 less than the simple interest accrued on the same sum in 9 years at 18% per annum. What is the sum of money (in ₹) ? [SSC CHSL 11/08/2023 (4th Shift)]

Correct Answer: (b) 2,000
Solution:

37. A money lender lent ₹30,000 in two parts, one at the rate of 8% and the other at 9%. If the total annual simple interest on the amount is ₹2,650, then what is the amount of money lent at the rate of 8%? [SSC CHSL 14/08/2023 (1st Shift)]

Correct Answer: (b) ₹5,000
Solution:

38. A man borrowed a certain sum of money at the rate of 10% per annum simple interest for the first three years and 15% per annum simple interest for the period beyond three years. If he pays a total interest of ₹2,884.50 at the end of 7 years, then the sum of money (in) that he borrowed is: [SSC CHSL 14/08/2023 (2nd Shift)]

Correct Answer: (d) 3,205
Solution:

39. If ₹2,000 is invested at a simple interest rate of 5% per annum and the interest is added to the principal after 10 years, then in how many years will it amount to ₹4,000 at the same rate of interest ? [SSC CHSL 14/08/2023 (3rd Shift)]

Correct Answer: (c) 16 ⅔ years
Solution:

40. If ₹72 amounts to ₹104.4 in 3 years, what will ₹120 amount to in 5 years at the same rate percent per annum? [SSC CGL 14/07/2023 (4th shift)]

Correct Answer: (c) ₹210
Solution: