Simple Interest SSC MTS Questions

Simple Interest

Simple Interest MCQ Questions

7.

How much simple interest will ₹6,000 earn in 15 months at the rate of 12% per annum?
SSC MTS 2023-05.09.2023-2

A.

₹900

B.

₹600

C.

₹750

D.

₹800

ANSWER :

A. ₹900

8.
A sum of money becomes 7 times in 16 years at simple interest per annum. Find the per annum rate of interest.
SSC MTS 2023-05.09.2023-3
A.
25.8%
B.
39.2%
C.
20.3%
D.
37.5%
ANSWER :
D. 37.5%
9.

Find the simple interest (in ₹) on ₹5,400 for 7 years at 4% per annum.
SSC MTS 2023-06.09.2023-1

A.

1,512

B.

1,230

C.

1,380

D.

1,172

ANSWER :

A. 1,512

10.

The simple interest on a certain sum for 4 years at the rate of 15% p.a. is ₹4,500 less than the simple interest on the same sum for 6 years at the same rate of interest. Find the sum.
SSC MTS 2023-06.09.2023-2

A.

₹12,000

B.

₹13,000

C.

₹15,000

D.

₹14,000

ANSWER :

C. ₹15,000

11.

What will be the amount due on ₹24,000 in 2 years when the rate of simple interest on successive years is 4% per annum and 5% per annum, respectively?
SSC MTS 2023-06.09.2023-3

A.

₹24,960

B.

₹25,200

C.

₹26,208

D.

₹26,160

ANSWER :

D. ₹26,160

12.

Vinita obtained an amount of ₹23,340 as simple interest on a certain amount at 15% per annum after 8 years. What was the amount invested by Vinita?
SSC MTS 2023-08.09.2023-1

A.

₹20,450

B.

₹18,650

C.

₹17,490

D.

₹19,450

ANSWER :

D. ₹19,450