Simple Interest SSC MTS Questions

Simple Interest

Simple Interest MCQ Questions

13.
In a certain time, a sum becomes 5 times at the rate of 6% per annum on simple interest. At what rate of interest will the same sum become 8 times in the same time?
SSC MTS 2023-08.09.2023-2
A.
8.5%
B.
10.5%
C.
5.5%
D.
12.5%
ANSWER :
B. 10.5%
14.

If the ratio of the principal and the simple interest for 5 years is 10 : 7, then the rate of interest per annum is:
SSC MTS 2023-08.09.2023-3

A.

18%

B.

16%

C.

12%

D.

14%

ANSWER :

D. 14%

15.

For what sum will the simple interest at \(3\tfrac{3}{4}\%\) per annum be ₹210 in \(2\tfrac{1}{3}\) years?
SSC MTS 2024-04.11.2024-1

A.

₹1,600

B.

₹1,980

C.

₹2,250

D.

₹2,400

ANSWER :

D. ₹2,400

16.
Find the simple interest (in ₹) on ₹2000 as a sum borrowed at 8% per year rate of interest for 4 years.
SSC MTS 2024-04.11.2024-1
A.
600
B.
640
C.
680
D.
580
ANSWER :
B. 640
17.
Find the simple interest (in ₹) on ₹3500 as a sum borrowed at 5% per year rate of interest for 4 years.
SSC MTS 2024-04.11.2024-1
A.
700
B.
660
C.
640
D.
740
ANSWER :
A. 700
18.

Find the simple interest (in ₹) on ₹3,000 as a sum borrowed at 5% per year rate of interest for 3 years.
SSC MTS 2024-04.11.2024-2

A.

490

B.

390

C.

410

D.

450

ANSWER :

D. 450