# Simple Interest: SSC CGL Math Project 400 Questions

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## Simple Interest: SSC CGL Math Project 400 Questions

Simple Interest: SSC CGL Math Project 400 Questions

Simple Interest

**Q1.** A sum of money becomes 7/6 of itself in 3 years at a certain rate of simple interest. The rate per annum is:

(a) 50/9%

(b) 59/9%

(c) 18%

(d) 25%

**Q2.** The simple interest on a certain sum at 5% per annum for 3 years and 4 years differ by Rs 42. The sum is:

(a) Rs 210

(b) Rs 280

(c) Rs 750

(d) Rs 840

**Q3.** 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:

(a) 0.1%

(b) 0.2%

(c) 0.3%

(d) 0.4%

**Q4.** A sum of Rs 10,000 is lent partly at 8% and remaining at 10% per annum. If the yearly interest on the average is 9.2%, the two parts are:

(a) Rs 4000, Rs 6000

(b) Rs 4500, Rs 5500

(c) Rs 5000, Rs 5000

(d) Rs 5500, Rs 4500

**Q5.** A sum of Rs 1600 gives a simple interest of Rs 252 in 2 years and 3 months. The rate of innterest per annum is:

(a) 11/2%

(b) 8%

(c) 7%

(d) 6%

**Q6.** A sum of Rs 400 amounts to Rs 480 in 4 years. What will it amount to if the rate of interest is increased is increased by 2%?

(a) Rs 484

(b) Rs 560

(c) Rs 512

(d) None of the these

**Q7.** The simple interest on a sum of money is 4/9 of the principal and the number of years is equal to the rate percent per annum. The rate per annum is:

(a) 5%

(b) 20/3%

(c) 6%

(d) 36/5 %

**Q8.** A sum of Rs 1550 was lent partly at 5% and partly at 8% simple interest. The total interest received after 3 years is Rs 300. The ratio of money lent at 5% to that at 8% is:

(a) 5: 8

(b) 8:5

(c) 31: 6

(d) 16:15

**Q9.** a sum of Rs 1750 is divided into two parts such that the interests on the first part at 8% simple interest per annum and that on the other part at 6% simple interest per annum are equal. The interest on each part (In Rupees) is

(a) 60

(b) 65

(c) 70

(d) 40

**Q10.** The simple interest on a sum after 4 years is 1/5 of the sum. The rate of interest per annum is

(a) 4%

(b) 5%

(c) 6%

(d) 8%

Simple Interest:

**Q11.** A lent Rs 5000 to B for 2 years and Rs 3000 to C for 4 years on simple interest at the same rate of interest and received Rs 2200 in all from both as interest per annum is:

(a) 7%

(b) 5%

(c) 57/8%

(d) 10%

**Q12.** A money lender finds that due to a fall in the annual rate of interest 8% to 31/4%, his yearly income diminishes by Rs 61.50. His capital is

(a) Rs 22400

(b) Rs 23800

(c) Rs 24600

(d) Rs 26000

**Q13.** If the annual rate of simple interest increases from 10% to 25/2%, a man's yearly income increases by rs 1250. His principal (in Rupees) is:

(a) 50,000

(b) 45000

(c) 60,000

(d) 65000

**Q14.** A person borrows some money for 5 years and loan amount : total interest amount = 5:2. The ratio loan amount: interest rate is equal to:

(a) 2: 25

(b) 2:1

(c) 5:2

(d) 25:2

**Q15.** An old article is available for Rs 12000 at cash payment or is available for Rs Rs 7000 cash payment and a monthly installment of Rs 630 for 8 months. The rate percent per annum is

(a) 1.2 percent

(b) 3 percent

(c) 3.25%

(d) 3.3%

**Q16.** A sum of Rs 1500 is lent out in two parts in such a way that the simple interest on one part at 10% per annum for 5 years is equal to that on another part at 12.5% per annum for 4 years. The sum lent out at 12.5% is:

(a) Rs 500

(b) Rs 1000

(c) Rs 750

(d) Rs 1250

**Q17.** A person invests money in three different schemes for 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:

(a) 6:3:2

(b) 2:3:2

(c) 3:4:6

(d) 3:4:2

**Q18.** Simple interest on Rs 500 for 4 years at 6.25% per annum is equal to the simple interest on Rs 400 at 5% per annum for a certain period of time. The period of time is:

(a) 4 years

(b) 5 years

(c) 25/4 years

(d) 26/3 years

**Q19.** A person invests Rs 1200 as fixed deposit at a bank at the rate of 10% per annum simple interest. but due to some pressing needs he has to withdraw the entire money after 3 years, for which the bank allowed him a lower rate of interest. if he gets Rs 3320 less than what he gets Rs 3320 less than what he would have got at the end of 5 years, the rate of interest allowed by the bank is:

(a) 68/9%

(b) 67/9%

(c) 71/9%

(d) 79/9%

**Q20.** In how many years will a sum of money double itself at 12% per annum?

(a) 8 years 6 months

(b) 6 years 9 months

(c) 8 years 4months

(d) 7 years 6 months

# Simple Interest: Answer key

1. a

2. d

3. c

4. a

5. c

6. c

7. b

8. d

9. a

10. b

11. d

12. c

13. a

14. d

15. a

16. c

17. a

18. c

19. b

20. c