Simple Interest Questions for SSC Exam

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Simple Interest Questions for SSC Exam
Q :   A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:

(A) Rs. 650

(B) Rs. 690

(C) Rs. 698

(D) Rs. 700


Correct Answer : C

Q :  

The simple interest on a sum of money is 4 / 9 of the principal and the number of years is equal to the rate percent per annum. The rate per annum is 

(A) 5 %

(B) $$ 6{2\over 3}\% $$

(C) 6 %

(D) $$ 8{2\over 3}\% $$


Correct Answer : B

Q :  

In how many years will Rs 4600 amount to Rs 5428 at 3 % per annum simple interest?

(A) 3

(B) 5

(C) 6

(D) 4

(E) None of these


Correct Answer : C

Q :  

Ram deposited a certain sum of money in a company at 12 % per annum simple interest for 4 years and deposited equal amount in fixed deposit in a bank for 5 years at 15 % per annum simple interest. If the difference in the interest from two sources is ₹ 1350 than the sum deposited in each case is

(A) ₹ 3000

(B) ₹4000

(C) ₹ 6500

(D) ₹ 5000


Correct Answer : D

Q :  

The principal which gives ₹ 1 interest per day at a rate of 5 % simple interest per annum is 

(A) ₹ 5000

(B) ₹35500

(C) ₹ 7300

(D) ₹3650


Correct Answer : C

Q :  

If x, y, z are three sum of money such that y is the simple interest on x and z is the simple interest on y for the same time and at the same rate of interest, then what is the relation between x, y, z we have – 

(A) $$x^2=xy$$

(B) xyz = 1

(C) $$x^2=xy$$

(D) $$y^2=zx$$


Correct Answer : D

Q :  

Two equal sum were lent out at 7% and 5% S.I respectively. The interest earned on the two loans add up to ₹960 for 4 years. The total sum lent out is 

(A) ₹ 3500

(B) ₹ 2500

(C) ₹ 2000

(D) ₹ 3000


Correct Answer : C

Q :  

 ₹ 800 becomes ₹ 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4 %, what amount will ₹ 800 become in 3 years? 

(A) ₹ 1020.80

(B) ₹ 1025

(C) ₹ 1052

(D) ₹ 1050


Correct Answer : C
Explanation :


Q :  The simple interest on a sum of money is $${4\over 9}$$of the principal and the number of years is equal to the rate percent per annum. The rate per annum is :

(A) 5%

(B) $$6{2\over3}\%$$

(C) 6%

(D) $$7{1\over5}\%$$


Correct Answer : B

Q :  The difference between the simple interest received from two different sources on Rs. 1500 for 3 years is Rs. 13.50. The difference between their rates of interest is :

(A) 0.1%

(B) 0.2%

(C) 0.3%

(D) 0.4%


Correct Answer : C

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    Rajesh Bhatia

    A Writer, Teacher and GK Expert. I am an M.A. & M.Ed. in English Literature and Political Science. I am highly keen and passionate about reading Indian History. Also, I like to mentor students about how to prepare for a competitive examination. Share your concerns with me by comment box. Also, you can ask anything at linkedin.com/in/rajesh-bhatia-7395a015b/.

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