Simple Interest (SSC)

Total Questions: 50

41. A sum of Rs 10000 is invested in three schemes of simple interest. The annual interest rates are respectively, 4%, 6% and 10%. Rs 4000 were invested in the first scheme. If the total interest earned after five years is Rs 2800, then how much money was invested in the third scheme? [SSC MTS 08/08/2019 (Evening)]

Correct Answer: (c) Rs 1000
Solution:

42. A sum of Rs 1500 is invested at simple interest for x months. If the rate of interest is x/8% per annum, then the sum 8 grows to Rs 1590. What is the value of x? [SSC MTS 07/08/2019 (Morning)]

Correct Answer: (d) 24
Solution:

43. A certain sum was invested on simple interest. The amount to which it 1 ¼ times had grown in five years was 14 the amount to which it had grown in three years. The percentage rate of interest was: [SSC CHSL 11/07/2019 (Morning)]

Correct Answer: (b) 20%
Solution:

44. A borrows a sum of Rs 1000 from his friend B on 31 December 2015 on the condition that he will return the same after one year with simple interest at 12%. However, A gets into a position of returning the money on 1 May 2016. How much amount he has to return to B? [SSC CHSL 10/07/2019 (Morning)]

Correct Answer: (d) Rs 1,040
Solution:

45. A sum on simple interest at the rate of 5% per annum amounts to ₹4,160 in 6 years. Find the sum. [SSC CHSL Tier II (18/11/2024)]

Correct Answer: (b) ₹3,200
Solution:

46. Rohan deposited ₹500 for 2 years, ₹650 for 4 years and 1,300 for 6 years, at the same rate of interest. He received the total simple interest of ₹1,140. What is the rate of interest per annum? [SSC MTS 30/09/2024 (Afternoon)]

Correct Answer: (a) 10%
Solution:

47. Etika invested some amount at a rate 9% per annum and earns a S.I. of ₹810 after 3 years. If the rate of interest has been 4% higher, how much more interest (in ₹) would have Etika earned on the same amount in the same time period? [SSC MTS 08/10/2024 (Evening)]

Correct Answer: (c) 360
Solution:

48. Vipul, Ashima, and Priya invested a total of ₹21,000 at 3%, 6%, and 5% per annum, respectively, on simple interest. If at the end of the year, all three persons received an equal amount of interest, then the amount (in ₹) invested by Ashima is: [SSC MTS 15/10/2024 (Morning)]

Correct Answer: (a) 5,000
Solution:

49. A person invested a certain sum of money at 6% per annum simple interest and another sum at 8% per annum simple interest at the same time. After 4 years, he received interest ₹1,560 from both sums. One-fifth of the first sum is equal to one-sixth of the second sum. Find the total sum invested. [SSC MTS 17/10/2024 (Evening)]

Correct Answer: (a) ₹5,500
Solution:

50. What sum of money, when lent at 6% for 4 years, will produce the same interest as ₹800 earns in 5 years at 4 ½ %. [SSC MTS 18/10/2024 (Morning)]

Correct Answer: (a) ₹750
Solution: