Simple Interest (SSC)

Total Questions: 50

11. A financial institution claims that it returns three times the principal in 25 years on a certain rate of simple interest per annum. What is the rate of simple interest? [SSC CHSL 03/08/2023 (4th Shift)]

Correct Answer: (a) 8%
Solution:

12. The simple interest on a certain sum for 3 years at 8% per annum is ₹9120 less than the simple interest on the same sum for 7 years at 8% per annum. Find the sum. [SSC CHSL 03/08/2023 (1st Shift)]

Correct Answer: (a) ₹28500
Solution:

13. Ashima borrowed ₹75,000 from a nationalized bank on 26th March 2022 at the rate of 9% per annum simple interest. If she cleared the account on 7th June of the same year, then what amount did she pay? [SSC CHSL 02/08/2023 (3rd Shift)]

Correct Answer: (b) ₹76,350
Solution:

14. How long (in years) will a sum of money invested at 6% per annum simple interest to increase its value by 40% ? [SSC CHSL 02/08/2023 (1st Shift)]

Correct Answer: (a) 6 ⅔
Solution:

15. What is the present worth of ₹1,100 due in 2 years at 5% simple interest per annum ? [SSC CGL 26/07/2023 (3rd shift)]

Correct Answer: (a) ₹1,000
Solution:

16. The interest on a certain deposit at 4.5% p.a. is ₹135 in one year. How much will the additional interest in one year be on the same deposit at 5% p.a.? [SSC CGL 24/07/2023 (3rd shift)]

Correct Answer: (a) ₹16
Solution:

17. A certain amount is lent at x% p.a. simple interest for 3 years. Instead, if the amount was lent at 3x% p.a. simple interest for 'y' more years, then the simple interest would have been seven times the earlier interest. What is the value of y ? [SSC CGL 21/07/2023 (3rd shift)]

Correct Answer: (b) 4
Solution:

18. Archana took a loan of ₹78,000 from a bank on 24ᵗʰ January 2012 at 8 (¾) % per annum simple interest and paid it back on 18ᵗʰ June 2012. Find the total amount paid by Archana. (Approximated to nearest integer) [SSC CGL 19/07/2023 (3rd shift)]

Correct Answer: (b) 90,730
Solution:

19. A man invests a total sum of ₹10,000 in a company. A part of the sum was invested at 10% simple interest per annum and the remaining part at 15% simple interest per annum. If the total interest accrued to him in two years equals ₹2,400, the sum invested at 15% simple interest per annum is: [SSC CGL 14/07/2023 (3rd shift)]

Correct Answer: (a) ₹8,000
Solution:

20. A money lender finds that due to the fall in the annual rate of interest from 18% to 15%, his yearly income diminishes by Rs.750. His capital is: [Graduate Level 30/06/2023 (Shift-1)]

Correct Answer: (b) Rs.25,000
Solution: