Simple Interest SSC MTS Questions

SSC MTS-Numerical and Mathematical Ability

Simple Interest MCQ Questions


1.
Disha invested an amount of 20,000for 9 years at a simple interest per annumand obtained the total amount of 33,500. What is therate of interest?
SSC MTS 2021-01.09.2023-1
A.
8%
B.
8.5%
C.
7.5%
D.
9%
😑 View Answer Rough Work Error
ANSWER :
C. 7.5%
2.
A sum of money deposited at simple interest amounts to ₹1,020 in three years and ₹980 in two years. The sum deposited is:
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A.
₹900
B.
₹880
C.
₹920
D.
₹840
😑 View Answer Rough Work Error
ANSWER :
A. ₹900
3.
A car dealer borrows ₹20,000 from a bank for a period of 2 years at a simple interest rate of 8% per annum. if he repays the loan in full at the end of the 2 year period. how much well he have to pay?
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A.
₹3,600
B.
₹23,600
C.
₹23,200
D.
₹3,200
😑 View Answer Rough Work Error
ANSWER :
C. ₹23,200
4.
A sum invested at the rate of 6% simple interest per annum grows to ₹1,13,880 in 5 years. What is the simple interest, If the same amount is invested for 8 years at the rate of 9% per annum?
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A.
₹63,072
B.
₹60,565
C.
₹65,392
D.
₹58,050
😑 View Answer Rough Work Error
ANSWER :
A. ₹63,072
5.
The ratio of principal and amount is 5 : 6 for one year. Find the rate of simple interest per annum?
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A.
10%
B.
11%
C.
15%
D.
20%
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ANSWER :
D. 20%
6.
A sum of 15,345, when invested at a certain rate of simple interest per annum for 10 years, earns an interest of Rs.2,672.50 on maturity: What is the rate of simple interest per annum?
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A.
4.5%
B.
8%
C.
5%
D.
6.5%
😑 View Answer Rough Work Error
ANSWER :
C. 5%