Simple Interest SSC GD Questions

Simple Interest MCQ Questions

13.
A certain sum borrowed at 7.5% p.a. at simple interest amounts to ₹16,950 in 5\( \frac{1}{2} \) years. What will be the simple interest (in ₹) on the same sum at the same rate in 8\( \frac{1}{4} \) years?
SSC GD 2021-07.12.2021-2
A.
8415
B.
6806
C.
7425
D.
6188
ANSWER :
C. 7425
14.
A certain sum amounts to ₹4,900 in 3 years 4 months at the rate of 7.5% p.a. at simple interest. What will be the amount (in ₹) of the same sum in 3\( \frac{3}{4} \) years at the rate of 8% p.a. simple interest?
SSC GD 2021-07.12.2021-3
A.
5147
B.
5048
C.
4956
D.
5096
ANSWER :
D. 5096
15.
A sum of ₹x amounts to ₹10,483 after 3 years and to ₹12,727 after 7 years at the same rate per cent per annum simple interest. The value of x is:
SSC GD 2021-08.12.2021-1
A.
₹5,000
B.
₹8,800
C.
₹6,600
D.
₹7,500
ANSWER :
B. ₹8,800
16.
Ramu had borrowed ₹20,000 from a bank at simple interest, and after 5 years he repaid an amount of ₹25,000 to the bank. What was the rate of interest per year?
SSC GD 2021-08.12.2021-1
A.
6
B.
8
C.
7
D.
5
ANSWER :
D. 5
17.
The simple interest on a certain sum at r% p.a. is \( \frac{4}{25} \) of the sum in r years. What is the value of r?
SSC GD 2021-08.12.2021-3
A.
8
B.
6
C.
5
D.
4
ANSWER :
D. 4
18.
Shyamlal lent some money on simple interest. In each six months, he added interest in the principal amount. If he recovered 5% interest, then what will be the effective rate of interest annually (calculate upto two places of decimal)?
SSC GD 2021-08.12.2021-3
A.
5.06%
B.
9.3%
C.
7.3%
D.
4.61%
ANSWER :
A. 5.06%