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Welcome to our Simple Interest Questions and Answers blog! If you find yourself grappling with the concepts of simple interest or looking to sharpen your skills in this fundamental area of finance, you've come to the right place.

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Simple Interest Questions are accessible here to assist understudies with learning the recipe and how to apply the straightforward Simple Interest equation in different issues, including genuine situations.

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Simple Interest is an important topic in Mathematics. In this section, we calculate the interest on the principal amount which we borrow from any person or Bank. These types of questions are generally asked under Aptitude Section in competitive exams.

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Simple interest is the most important part of the mathematics subject and often questions are asked in all competitive examinations. Here today in this article, we have covered simple interest-based questions to help the aspirants, which will help you to solve stressful questions in the exam and build a strong foundation.

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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. Here are the some different questions with answers or solutions which asked mostly in the competitive exams. So, you should strong more your preparation by practice with these questions-answers or Problems with solutions.

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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

A lends 2500 to B and a certain sum to C at the same time at 7% annual simple interest. If after 4 years, A altogether receives 1120 as interest from B and C, the sum lent to C is-

45 0 654238654a7ba1cb6049b040- 1700false
- 26500false
- 34000false
- 41500true

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## Answer : 4 1500

Explanation :

A person invests a certain amount on simple interest. After 8 years he gets 16% interest. If he invests the same sum for 4 years, then he gets Rs. 9600 as interest, then the sum is

125 0 64e5e57e646d8ab6ebd7ae4c- 1Rs. 96000false
- 2Rs. 80000false
- 3Rs. 48000false
- 4Rs. 60000false
- 5None of thesetrue

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## Answer : 5 None of these

A person invests money in three different schemes 6 years, 10 years and 12 years at 10%, 12% and 15% simple interest respectively. At the completion of each scheme, he gets the same interest. The ratio of his investment is

285 0 6401de99cbcfaac053030577- 16: 3: 2true
- 22: 3: 4false
- 33: 4: 6false
- 43: 4: 2false

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## Answer : 1 6: 3: 2

If the simple interest for 6 years be equal to 30% of the principal, it will be equal to the principal after

245 0 6401de1e35d86258ecd2aba4- 120 yearstrue
- 230 yearsfalse
- 310 yearsfalse
- 422 yearsfalse

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## Answer : 1 20 years

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is:

219 0 6401dddaa9f6c7de51a5653a- 16.06%false
- 26.07%false
- 36.08%false
- 46.09%true

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