Simple Interest (SSC) (Part-4)

Total Questions: 40

1. A sum of money doubles itself in 4 years at simple interest. In how much time will it become 7 times at the same rate of interest? [SSC CHSL Tier II (26/06/2023)]

Correct Answer: (c) 24 years
Solution:

2. A person lent a certain sum of money at the annual rate of 20 percent on simple interest. In 10 years, the interest amounted to Rs. 800 more than the sum lent. What is the sum lent? [SSC MTS 09/05/2023 (Afternoon)]

Correct Answer: (a) Rs. 800
Solution:

3. After 55 years, a sum invested at simple interest at the rate of r percent becomes twice of itself. What is the value of 'r'? [SSC MTS 10/05/2023 (Morning)]

Correct Answer: (d) 20/11%
Solution:

4. In how many least number of complete years will a sum of money become more than four times of itself at the rate of 14 percent per annum on simple interest? [SSC MTS 10/05/2023 (Evening)]

Correct Answer: (d) 22 years
Solution:

5. What is the maturity value of Rs.7416 at the end of 3 years at 8.33% simple interest? (approx) [SSC MTS 11/05/2023 (Evening)]

Correct Answer: (b) Rs.9270
Solution:

6. The simple interest received on a sum is 4/5 of the sum. The number of years is equal to the annual rate of interest. What is the annual rate of interest? [SSC MTS 11/05/2023 (Evening)]

Correct Answer: (b) 6.66 percent
Solution:

7. A sum of Rs. 600 becomes Rs. 840 at simple interest in 4 years. In how many years will the sum of Rs. 1500 amounts to Rs. 2100 at the same rate of simple interest? [SSC MTS 15/05/2023 (Evening)]

Correct Answer: (b) 4 years
Solution:

8. What will be the ratio of simple interest earned by a certain amount at the same rate of interest for 8 years and 20 years? [SSC MTS 16/05/2023 (Evening)]

Correct Answer: (b) 2 : 5
Solution:

9. If the time period increases by 5 years, then simple interest increases by Rs. 3600 on a sum of Rs. 6000. What is the annual rate of interest? [SSC MTS 13/06/2023 (Afternoon)]

Correct Answer: (b) 12%
Solution:

10. A sum of Rs.6000 is divided into two parts. The annual simple interest on the first part at the annual rate of 10 percent is equal to the annual simple interest on the second part at the annual rate of 15 percent. How much is the interest on each part for one year? [SSC MTS 14/06/2023 (Morning)]

Correct Answer: (c) Rs.360
Solution: