Simple Interest Questions for SSC Exam

Simple Interest Questions for SSC Exam
Q :  

The simple interest on ₹ 4,000 in 3 years at the rate of x % per annum equals the simple interest on ₹ 5,000 at the rate of 12% per annum in 2 years. The value of x is 

(A) 10 %

(B) 6 %

(C) 8 %

(D) 9 %


Correct Answer : A

Q :  

Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9 % p. a. for the next five years and 13 % p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is ₹8,160, the money borrowed by him ( in ₹ ) was -  

(A) 12,000

(B) 6,000

(C) 8,000

(D) 10,000


Correct Answer : C

Q :  

A person deposited ₹500 for 4 years and ₹ 600 for 3 years at the same rate of simple interest in a bank. Altogether he received ₹ 190 as interest. The rate of simple interest per annum was 

(A) 4 %

(B) 5 %

(C) 2 %

(D) 3 %


Correct Answer : B

Q :  

A certain sum becomes Rs 840 in 3 years and Rs 1200 in 7 years at simple interest. What is the value (in Rs) of principal? 

(A) 520

(B) 570

(C) 620

(D) 670


Correct Answer : B

Q :  

Simple Interest received by a person in 10 years on a principal. of the Rs. 9500 is 130% of the principal. What is the rate of interest (in %) per annum? 

(A) 12

(B) 13

(C) 15

(D) 19


Correct Answer : B

Q :  

A sum of ₹ 400 amounts to ₹ 480 in 4 years. What will it amount to if the rate of interest is increased by 2 %? 

(A) ₹ 484

(B) ₹ 560

(C) ₹ 512

(D) None of these


Correct Answer : C

Q :  

Out of ₹ 20, 000 Narendra gives some amount on loan at simple interest rate 8 % per annum and rest amount at simple interest rate 4 / 3 % per annum. At the end of year he earns ₹ 800. The amount given at 8 % rate will be – 

(A) ₹ 10,000

(B) ₹ 12,000

(C) ₹ 8,000

(D) ₹ 6,000


Correct Answer : C

Q :  

Ajay bought Rs.11,000 from a bank to buy a car at 12% simple Interest. If he paid Rs 6,600 as interest while clearing the loan, find the time for which the loan was given.

(A) 3 year

(B) 4 year

(C) 5 year

(D) 6 year

(E) None of these


Correct Answer : C

Q :  

If the annual rate of simple interest increases from 8% to 13%, a man’s yearly income increases by Rs. 4800. His principal (in Rs.) is:   

(A) Rs.90,000

(B) Rs.96,000

(C) Rs.88,000

(D) Rs.1,00,000

(E) None of these


Correct Answer : B

Q :  

Simple interest accrued on an amount in 8 yr @ 12 % per annum is Rs 5520 What is the principal amount ?

(A) Rs 5750

(B) Rs 8500

(C) Rs 5650

(D) Rs 8250

(E) None of these


Correct Answer : A

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    Rajesh Bhatia

    A Writer, Teacher and GK Expert. I am an M.A. & M.Ed. in English Literature and Political Science. I am highly keen and passionate about reading Indian History. Also, I like to mentor students about how to prepare for a competitive examination. Share your concerns with me by comment box. Also, you can ask anything at linkedin.com/in/rajesh-bhatia-7395a015b/.

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