Simple Interest Questions for SSC Exam
The simple interest on ₹ 4,000 in 3 years at the rate of x % per annum equals the simple interest on ₹ 5,000 at the rate of 12% per annum in 2 years. The value of x is
(A) 10 %
(B) 6 %
(C) 8 %
(D) 9 %
Correct Answer : A
Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9 % p. a. for the next five years and 13 % p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is ₹8,160, the money borrowed by him ( in ₹ ) was -
(A) 12,000
(B) 6,000
(C) 8,000
(D) 10,000
Correct Answer : C
A person deposited ₹500 for 4 years and ₹ 600 for 3 years at the same rate of simple interest in a bank. Altogether he received ₹ 190 as interest. The rate of simple interest per annum was
(A) 4 %
(B) 5 %
(C) 2 %
(D) 3 %
Correct Answer : B
A certain sum becomes Rs 840 in 3 years and Rs 1200 in 7 years at simple interest. What is the value (in Rs) of principal?
(A) 520
(B) 570
(C) 620
(D) 670
Correct Answer : B
Simple Interest received by a person in 10 years on a principal. of the Rs. 9500 is 130% of the principal. What is the rate of interest (in %) per annum?
(A) 12
(B) 13
(C) 15
(D) 19
Correct Answer : B
A sum of ₹ 400 amounts to ₹ 480 in 4 years. What will it amount to if the rate of interest is increased by 2 %?
(A) ₹ 484
(B) ₹ 560
(C) ₹ 512
(D) None of these
Correct Answer : C
Out of ₹ 20, 000 Narendra gives some amount on loan at simple interest rate 8 % per annum and rest amount at simple interest rate 4 / 3 % per annum. At the end of year he earns ₹ 800. The amount given at 8 % rate will be –
(A) ₹ 10,000
(B) ₹ 12,000
(C) ₹ 8,000
(D) ₹ 6,000
Correct Answer : C
Ajay bought Rs.11,000 from a bank to buy a car at 12% simple Interest. If he paid Rs 6,600 as interest while clearing the loan, find the time for which the loan was given.
(A) 3 year
(B) 4 year
(C) 5 year
(D) 6 year
(E) None of these
Correct Answer : C
If the annual rate of simple interest increases from 8% to 13%, a man’s yearly income increases by Rs. 4800. His principal (in Rs.) is:
(A) Rs.90,000
(B) Rs.96,000
(C) Rs.88,000
(D) Rs.1,00,000
(E) None of these
Correct Answer : B
Simple interest accrued on an amount in 8 yr @ 12 % per annum is Rs 5520 What is the principal amount ?
(A) Rs 5750
(B) Rs 8500
(C) Rs 5650
(D) Rs 8250
(E) None of these
Correct Answer : A