Simple Interest SSC GD Questions

SSC GD-Elementary Mathematics

Simple Interest MCQ Questions


1.
A sum amounts to ₹4,260 in 5 years at the rate of 4% p.a. simple interest. What will be the simple interest (in ₹, nearest to a ₹) on the same sum for  4\( \frac{1}{5} \) years at the rate of  8\( \frac{1}{2} \)% p.a.?
SSC GD 2021-30.11.2021-1
A.
1250
B.
1267
C.
1285
D.
1271
😑 View Answer Rough Work Error
ANSWER :
B. 1267
2.
Ravi borrowed ₹1,800 at 6% per annum and ₹2,800 at 7% per annum simple interest for the same duration and paid ₹2,736 in all as interest. His friend Shiv borrowed ₹2,500 at 8% per annum simple interest for the same duration. How much (in ₹) Shiv had to pay to clear off the loan?
SSC GD 2021-30.11.2021-2
A.
3,900
B.
4,500
C.
4,300
D.
4,000
😑 View Answer Rough Work Error
ANSWER :
C. 4,300
3.
A person borrows a sum of ₹50,000 for 3 years at 4% p.a. simple interest. He immediately lends it to another person at 6\( \frac{1}{4} \). simple interest for 3 years. Find his gain in the transaction per year.
SSC GD 2021-02.12.2021-2
A.
₹1,125
B.
₹1,135
C.
₹1,122
D.
₹1,025
😑 View Answer Rough Work Error
ANSWER :
A. ₹1,125
4.
A certain sum amounts to ₹7,485 after 3 years and to ₹9,960 after 8 years at the same rate per cent per annum at simple interest. On simpple interest, what will be the amount (in ₹) of the same sum after 7 years at double the earlier rate of interest?
SSC GD 2021-02.12.2021-2
A.
12930
B.
14735
C.
9465
D.
11145
😑 View Answer Rough Work Error
ANSWER :
A. 12930
5.
The simple interest on a sum of ₹x at 8.5% p.a. for 12 years is ₹3,298 less than the amount of the same sum invested at the same rate for 4\( \frac{4}{5} \) years at simple interest. The value of x is:
SSC GD 2021-02.12.2021-3
A.
8400
B.
8500
C.
8000
D.
7800
😑 View Answer Rough Work Error
ANSWER :
B. 8500
6.
Vineetha invests ₹12,000 on simple interest at the rate of 9% p.a. to obtain a total amount of ₹18,480 after a certain period. For how many years did she invest to obtain the above amount?
SSC GD 2021-02.12.2021-3
A.
6 years
B.
8 years
C.
7 years
D.
5 years
😑 View Answer Rough Work Error
ANSWER :
A. 6 years