Simple Interest (SSC) (Part-4)

Total Questions: 40

31. The simple interest on a certain sum of money for 2 years at 7% per annum is double the compound interest on ₹1,000 for 2 years at 10% per annum, compounded annually. What is the sum placed on simple interest? [SSC MTS 11/07/2022 (Evening)]

Correct Answer: (c) ₹3,000
Solution:

32. Ridhaan took a loan of 12000 at the rate of 8% simple interest per annum. What amount will he have to pay after 6 months, if he decides to repay the entire loan amount with interest at that time? [SSC MTS 25/07/2022 (Morning)]

Correct Answer: (b) Rs 12,480
Solution:

33. Karun borrowed ₹12,000 from Varun and ₹15,000 from Tarun, each for two years at the same rate of simple interest per annum, If he paid an interest of ₹1,680 to Varun at the end of 2 years, then what is the interest that Karun paid to Tarun at the end of the 2-year period? [SSC MTS 26/07/2022 (Morning)]

Correct Answer: (c) 2100
Solution:

34. A sum of ₹50,250 is divided into two parts such that the simple interset on the first part for 7½ years at 8⅓% p.a is 5/2 times the simple interest on the second part for 5¼ years at 8 p.a. What is the difference (in ₹) between the two parts. [SSC CGL Tier II (03/02/2022)]

Correct Answer: (b) 12,750
Solution:

35. A salesperson, with a view to promote sales of an item, applies the principle of simple interest. He declares that 300 pieces of the item can be obtained immediately against cash payment, but a customer will get only 200 pieces of the item if he defers the payment for a year. What is the rate percentage of interest on the whole? [SSC MTS 05/10/2021 (Morning)]

Correct Answer: (c) 50
Solution:

36. A person invested a sum of ₹6,500 at x% per annum at simple interest and a sum of ₹7,500 at (x - 2)% per annum at simple interest. If the total interest earned on both the investments for 3 years is ₹3,750, then the rate of interest is: [SSC MTS 12/10/2021 (Morning)]

Correct Answer: (b) 10%
Solution:

37. A man takes a loan of ₹6,000 from his friend on 1ˢᵗ January 2019 with the condition that he will repay with accrued simple interest at the rate 6.25%, as and when the interest touches ₹75. On which date does the loan period expire? [SSC MTS 18/10/2021 (Evening)]

Correct Answer: (d) 15ᵗʰ March 2019
Solution:

38. A sum was invested at simple interest at x% p.a. for 2 ½ years. Had it been invested at (x + 3)% for the same time, it would have fetched ₹585 more. The simple interest on the same sum for 4 ⅔ years at 14% p.a. is: [SSC MTS 27/10/2021 (Afternoon)]

Correct Answer: (a) ₹5,096
Solution:

39. The simple interest on a certain sum is 1/8 of the sum when the number of years is equal to half of the rate percentage per annum. Find the simple interest (in ₹) on ₹15,000 at the same rate of simple interest for 8 years. [SSC CGL 12/04/2025 (Afternoon)]

Correct Answer: (c) 6,000
Solution:

40. If the amount obtained by A by investing ₹9,100 foe three years at a rate of 10% p.a. on simple interest is equal to the amount obtained by B by investing a certain sum of money for five years at a rate of 8% p.a. on simple interest, then 90% of the sum invested by B (in ₹) is [SSC CGL Tier II (29/01/2025)]

Correct Answer: (b) 7,605
Solution: