Simple Interest (SSC)

Total Questions: 50

21. Simple Interest received by a person in 12 years on a principal of Rs. 12000 is 120 percent of the principal. What is the annual rate of interest? [SSC MTS 17/05/2023 (Afternoon)]

Correct Answer: (c) 10%
Solution:

22. A sum of money becomes three times of itself at the rate of 10 percent per annum on simple interest. Which of the following correct? statement(s) is/are [SSC CHSL 21/03/2023 (1st Shift)]

I. It will become 5 times of itself at the rate of 20 percent per annum on simple interest in the same time period.

II. It will become 7 times of itself at the rate of 30 percent per annum on simple interest in the same time period.

Correct Answer: (d) Both I and II
Solution:

23. 1/2 of a certain sum is lent at 20 percent rate of interest. 2/5 of the remaining sum is lent at 25 percent rate of interest. The remaining sum is lent at 10 percent rate of interest. If the simple interest received on the total sum for 2 years is Rs. 360, then what is the sum? [SSC CHSL 09/03/2023 (3rd Shift)]

Correct Answer: (c) Rs.1000
Solution:

24. A person lent Rs. 23000 to B for 3 years and Rs. 19000 to C for 4 years on simple interest at the same rate of interest and received Rs. 3625 in all from both of them as interest. What is the annual rate of interest? [SSC CGL 06/12/2022 (4th Shift)]

Correct Answer: (c) 2.5%
Solution:

25. Suman paid ₹9,600 in interest on a loan she obtained 5 years ago with a simple interest rate of 16%. What was the amount of the loan she had taken? [SSC CGL 03/12/2022 (2nd Shift)]

Correct Answer: (c) ₹12,000
Solution:

26. Damani purchased an item costing ₹7,500 and paid ₹3,500 as a down payment for the same. If the simple interest charged for the remaining amount is 9% per annum and Damani cleared all dues after 4 months of the purchase, how much did Damani pay after 4 months as interest? [SSC CGL 01/12/2022 (4th Shift)]

Correct Answer: (a) ₹120
Solution:

27. 6 copies of a book can be bought for a certain sum payable at the end of a year and 7 copies of the same book can be bought for the same sum in cash money. What is the rate per annum of simple interest (correct to one decimal place)? [SSC MTS 02/11/2021 (Afternoon)]

Correct Answer: (c) 16.7%
Solution:

28. Find the interest accrued on a sum of Rs.1,680 in two years,at the rate of 4.375% simple interest per annum. [Graduate Level 03/08/2022 (Shift-3)]

Correct Answer: (d) Rs.147
Solution:

29. A sum of ₹5,000 is divided into two parts such that the simple interest on the  first part for 4 ⅕ years at 6 ⅔ p.a is double the simple interest on the second part for 2 ¾ years at 4% p.a. The ratio of the second part to the first part is: [SSC CGL Tier II (03/02/2022)]

Correct Answer: (c) 14:11
Solution:

30. Eight copies of a book can be bought for a certain sum payable at the end of a year and ten copies of the same book can be bought for the same sum in cash money. What is the rate percentage of the interest? [SSC MTS 20/10/2021 (Afternoon)]

Correct Answer: (b) 25%
Solution: