Simple Interest (SSC) (Part-3)

Total Questions: 50

41. A sum of money invested at a certain rate of simple interest per annum amounts to ₹14,522 in seven years and to ₹18,906 in eleven years. Find the sum invested (in ₹). [SSC CGL 17/07/2023 (2nd shift)]

Correct Answer: (a) 6850
Solution:

42. A person took a loan at 5% per annum simple interest during the first year and with an increase of 0.5% simple interest every year from the second year onwards. After 4 years, he paid ₹4,600 as a total interest to settle the loan completely. How much was the loan? [SSC CGL 17/07/2023 (3rd shift)]

Correct Answer: (a) ₹ 20,000
Solution:

43. If the simple interest for 5 years is equal to 25% of the principal, then the interest will be equal to the principal after________years. [SSC CGL 18/07/2023 (1st shift)]

Correct Answer: (a) 20
Solution:

44. A man took a loan of ₹32,400 at a certain rate of simple interest per annum. The rate of interest is one-fourth of the number of years for which the loan is taken. If he paid ₹11,664 as interest at the end of the loan period, the rate of interest was: [SSC CGL 19/07/2023 (2nd shift)]

Correct Answer: (a) 3%
Solution:

45. A person borrowed some money on simple interest. After 4 years, he returned 9/5 of the money to the lender. What was the rate of interest? [SSC CGL 21/07/2023 (2nd shift)]

Correct Answer: (d) 20% p.a.
Solution:

46. R wants to deposit ₹80,000 in the bank for a year. In his account, the bank gives 12% simple annual interest but charges ₹3,000 as a processing fee for the account. What would be his percentage earnings in the account? [SSC CGL 21/07/2023 (4th shift)]

Correct Answer: (d) 8.25%
Solution:

47. S deposits a total of ₹50,000 in two accounts which give 8% and 12% simple interest annually, respectively. After one year, he gets a total ₹5,200. How much money does he deposit in the account with a 12% interest rate? [SSC CGL 25/07/2023 (4th shift)]

Correct Answer: (a) ₹30,000
Solution:

48. A sum of ₹16,875 was lent out at simple interest, and at the end of 1 year 8 months, the total amount was 18,000. Find the rate of interest per annum. [Graduate Level 27/06/2023 (Shift-4)]

Correct Answer: (b) 4%
Solution:

49. The simple interest on ₹2,460 will be 162 less than the simple interest on ₹3,000 at the rate of 5% per annum simple interest. Find the time taken in years. [Graduate Level 28/06/2023 (Shift-3)]

Correct Answer: (b) 6
Solution:

50. The simple interest earned on ₹7,000 in 2 years at the rate of R% per annum equals the simple interest earned on ₹5,000 at the rate of 5% per annum in 14 years. The value of R (in percentage) is: [Matriculation Level 27/06/2023 (Shift-1)]

Correct Answer: (c) 25%
Solution: