Get Started

Simple Interest Questions for SSC Exam

2 years ago 7.4K Views
Q :  A sum of money becomes of itself in 3 years at a certain rate of simple interest. The rate of interest per annum is:

(A)

(B)

(C) 18%

(D) 25%

Correct Answer : A

Q :  A sum of Rs. 400 amounts to Rs. 480 in 4 years. What will it amount of if the rate of interact is increased by 2% ?

(A) Rs. 484

(B) Rs. 560

(C) Rs. 512

(D) None of these

Correct Answer : C

Q :  

What will be the difference between the compound interest and simple interest at the rate of 5% per annum on an amount of Rs 4000 at the end of 2 year?

(A) Rs 10

(B) Rs 20

(C) Rs 25

(D) Data inadequate

(E) None of these

Correct Answer : A

 

Related categories

Very important related articles. Read now

The Most Comprehensive Exam Preparation Platform

Get the Examsbook Prep App Today