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In the competitive exams, there are two ways to calculate the interest, first is simple interest and second is compound interest. Both chapters are important from the perspective of SSC and Banking exams.

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As you know simple interest problems are important for ssc and bank exams. So, here I am sharing you problems on simple interest with solutions. In this blog, you can learn how to solve simple interest problems with the practice of different-2 ways.

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Simple interest and compounnd interest questions are mostly ask in banking exams and other competitive exams. In the simple interest questions you have to calculate interest according to the time and rate whereas in compound interest, the interest is calculated on interest.

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Simple interest is an important topic of aptitude section. If you are preparing for banking exams, then here are simple interest problems with solutions are given and very helpful for you. In this topic, you have to calculate interest according to the time and rate.

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## Recently Added Questions

## At what rate percent per annum will the simple interest on a sum of money be $${2\over 5}$$ of the principal amount in 10 years?

74 0 5cfdff59bc9a366f2932575a- 14%true
- 26%false
- 3$$5{2\over3}\%$$false
- 4$$6{2\over3}\%$$false

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## Answer : 1. "4%"

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

106 0 5cfdfebd70433d6f12b54059- 1Rs. 484false
- 2Rs. 560false
- 3Rs. 512true
- 4None of thesefalse

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## Answer : 3. "Rs. 512"

## The simple interest on a sum of money is $${4\over 9}$$of the principal and the number of years is equal to the rate percent per annum. The rate per annum is :

77 0 5cfdfdf770433d6f12b54050- 15%false
- 2$$6{2\over3}\%$$true
- 36%false
- 4$$7{1\over5}\%$$false

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## Answer : 2. "$$6{2\over3}\%$$"

## A sum of Rs. 10,000 is rent partly at 8% and remaining at 10% per annum. If the yearly interest on the average is 9.2%, the two parts are

79 0 5cfdfb7cbc9a366f29325748- 1Rs. 4000, Rs. 6000true
- 2Rs. 4500, Rs. 5500false
- 3Rs. 5000, Rs. 5000false
- 4Rs. 5500, Rs. 4500false

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## Answer : 1. "Rs. 4000, Rs. 6000"

## The difference between the simple interest received from two different sources on Rs. 1500 for 3 years is Rs. 13.50. The difference between their rates of interest is :

174 0 5cfdfae270433d6f12b5404b- 10.1%false
- 20.2%false
- 30.3%true
- 40.4%false

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