Simple Interest (SSC) (Part-4)

Total Questions: 40

11. A sum of Rs.1500 amounts to Rs.2175 in 3 years at simple interest. If rate of interest is increased by 3 percent, then what will be the new amount? [SSC MTS 15/06/2023 (Morning)]

Correct Answer: (a) Rs.2310
Solution:

12. A = Rs 6000 is invested at simple interest for 5 years and annual rate of interest is 15 percent. B = Rs. 5000 is invested at simple interest for 2 years and annual rate of interest is 20 percent. What is the ratio of interests earned in A and B respectively? [SSC MTS 19/06/2023 (Morning)]

Correct Answer: (b) 9 : 4
Solution:

13. A person lent certain sum of money at the annual rate of 8 percent on simple interest and the interest received in 9 years is Rs. 560 less than the sum lent. What is the sum lent? [SSC MTS 20/06/2023 (Morning)]

Correct Answer: (c) Rs.2000
Solution:

14. Rohan borrows a certain sum at simple interest Rate of interest is 3 percent per annum for first 3 years. 4 percent per annum for next 5 years and 6 percent per annum for next 7 years. If he paid Rs. 2485 as interest, then what is the sum borrowed? [SSC MTS 20/06/2023 (Evening)]

Correct Answer: (b) Rs. 3500
Solution:

15. A person lent Rs. 12,000 to B for 3 years and Rs. 10,000 to C for 4 years on simple interest at the same rate of interest and received Rs.6,080 in all from both of them as interest. What is the annual rate of interest? [SSC CHSL 14/03/2023 (1st Shift)]

Correct Answer: (b) 8%
Solution:

16. A person invested a total sum of Rs. 15,500 in three different schemes of simple interest at the annual rate of 4 percent, 6 percent and 10 percent. At the end of one year he got same interest in all three schemes. What is the sum invested at the rate of 6 percent? [SSC CHSL 14/03/2023 (4th Shift)]

Correct Answer: (b) Rs.5000
Solution:

17. Rs.P are invested at 5% per annum of simple interest. After T years an interest of Rs.82 is earned and the amount becomes Rs.902. What is the value of T? [SSC CHSL 15/03/2023 (3rd Shift)]

Correct Answer: (d) 2 years
Solution:

18. A sum of Rs. 3000 becomes Rs. 6000 when invested in a scheme of simple interest. If the annual rate of interest and the number of years for which the sum was invested are same, then what is the annual rate of interest? [SSC CHSL 17/03/2023 (1st Shift)]

Correct Answer: (c) 10%
Solution:

19. In how much time will a sum of Rs.12500 amounts to Rs. 20000 at the rate of 8 percent per annum at simple interest? [SSC CGL Tier II 21/03/2023 (2nd Shift)]

Correct Answer: (b) 7.5 years
Solution:

20. The difference of simple interest from two banks on ₹8,000 in 3 years is ₹800. If the rate of interest per annum in two banks are R1 and R2, then what is the value of R1 - R2? (Where R1 > R2) [SSC CGL Tier II (02/03/2023)]

Correct Answer: (b) 3 ⅓%
Solution: