Simple Interest (SSC) (Part-4)

Total Questions: 40

21. In 5 years, the simple interest on an amount of Rs. X is (2ᵗʰ/5) of the principle. The rate of interset per annum is: [SSC CGL Tier II (06/03/2023)]

Correct Answer: (b) 8%
Solution:

22. A person lent a certain sum of money at the annual rate of 25 percent on simple interest. In 6 years the interest amounted to Rs.360 more than the sum lent. What is the sum lent? [SSC CGL 01/12/2022 (2nd Shift)]

Correct Answer: (c) Rs.720
Solution:

23. A sum is deposited in a bank which gives simple interest. The sum becomes 1.25 times in 3 years. If there is a requirement of ₹7,60,000 after seven years, how much amount (in ₹) should one deposit to fulfill the requirement? [SSC CGL 07/12/2022 (2nd Shift)]

Correct Answer: (c) 4,80,000
Solution:

24. In a certain duration of time, a sum becomes 2 times of itself at the rate of 5% per annum simple interest. What will be the rate of interest if the same sum becomes 5 times of itself in the same duration? [SSC CGL 08/12/2022 (1st Shift)]

Correct Answer: (a) 20%
Solution:

25. A certain amount will become six times in 20 years. How long does it take for the same amount to become 5 times? Assume the same rate of simple interest in each case. [SSC CGL 08/12/2022 (3rd Shift)]

Correct Answer: (d) 16 years
Solution:

26. A person deposited ₹15,600 in a fixed deposit at 10% per annum simple interest. After every second year he adds his interest earned to the principal. The interest at the end of 4 years is: [SSC CGL 12/12/2022 (3rd Shift)]

Correct Answer: (b) ₹6,864
Solution:

27. The monthly income of Mr. Roy is Rs.18,000. He took a loan of Rs.30,000 on simple interest for 3 years at the rate of 5% per annum. The amount that he will be paying as simple interest in 3 years is what percent of his monthly salary? [SSC CGL 13/12/2022 (1st Shift)]

Correct Answer: (d) 25%
Solution:

28. Sum 20000 and ₹40000 are given on simple interest at the rate of 10 percent and 15 percent per annum respectively for three years. What will be the total simple interest? [SSC CGL Tier II (08/08/2022)]

Correct Answer: (b) 24000
Solution:

29. If a man deposits Rs.12,100 in a bank at a simple interest of 15% per annum, then how much money will he receive from the bank after 3 years? [Higher Secondary 03/08/2022 (Shift-4)]

Correct Answer: (a) Rs.17,545
Solution:

30. Kriti invested a sum of money at a certain rate of simple interest per annum for 3 years in "Bachat scheme". Had she invested the same sum in "Shiksha scheme" for 3 years which has a 2% higher simple interest rate per annum, the investment would have fetched ₹540 more. How much did Kirti invest? [SSC MTS 05/07/2022 (Evening)]

Correct Answer: (b) ₹9,000
Solution: