Target SSC CGL | 10,000+ Questions | Simple Interest Questions For SSC CGL : Day 9

Dear aspirants,

This is the new year with new goals, new experiences and lots of exams to be scheduled soon. SSC CGL has recently released the exam dates so now it is time to gear up your preparations and try hard to get the success. ADDA247 never fails to deliver something new and fruitful for you all. This time also we are providing you the best study plan as well as a study material. We are here going to prepare your Quantitative Aptitude section for the SSC CGL. In this article, we are providing you the details that how we are going to help you to clear the examination this year. We ADDA247 is going to provide you daily tests for all the subjects. The topic-wise quiz will be done from January till April. This will help you to get a deeper knowledge of all the topics and will prepare you thoroughly.

Q1. Arun lends Rs. 20,000 to two of his friends. He gives Rs. 12,000 to the first at 8% p.a. simple interest. Arun wants to make a profit of 10% on the whole. The simple interest rate at which he should lend the remaining sum of money to the second friend is
(a) 8%
(b) 16%
(c) 12%
(d) 13%

Q2. An amount of money at compound interest grows up to Rs. 3,840 in 4 years and up to Rs. 3,936 in 5 years. Find the rate of interest.
(a) 2.5%
(b) 2%
(c) 3.5%
(d) 2.05%

Q3. A sum of money at compound interest amounts to thrice itself in 3 years. In how many years will it be 9 times itself ?
(a) 9
(b) 27
(c) 6
(d) 3

Q4. Sita deposited Rs. 5,000 at 10% simple interest for 2 years, How much more money will Sita have in her account at the end of two years, if it is compounded semi-annually.
(a) Rs. 50
(b) Rs. 40
(c) Rs. 77.50
(d) Rs. 85.50

Q5. A person deposited Rs. 500 for 4 years and Rs. 600 for 3 years at the same rate of simple interest in a bank. Altogether he received Rs. 190 as interest. The rate of simple interest per annum was
(a) 4%
(b) 5%
(c) 2%
(d) 3%

Q6. A borrows Rs. 800 at the rate of 12% per annum simple interest and B borrows Rs. 910 at the rate of 10% per annum, simple interest. In how many years will their amounts of debt be equal?
(a) 18
(b) 20
(c) 22
(d) 24

Q7. The simple interest on a sum of money is 1/16 of the sum. If the number of years is numerically equal to the rate percent per annum, then the rate percent per annum is
(a) 3 1/3%
(b) 6 2/3%
(c) 2 1/2%
(d) 7 1/2%

Q8. 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 Rs. 8,160, the money borrowed by him (in Rs.) was:
(a) Rs. 12000
(b) Rs. 6000
(c) Rs. 8000
(d) Rs. 10000

Q9. A certain sum of money becomes three times of itself in 20 years at simple interest. In how many years does it become double of itself at the same rate of simple interest?
(a) 8 years
(b) 10 years
(c) 12 years
(d) 14 years

Q10. Rs. 12,000 is divided into two parts so that the simple interest on the first part for 3 years at 12% per annum may be equal to the simple interest on the second part for 4(1/2) years at 16% per annum. The ratio of the first part to the second part is
(a) 2 : 1
(b) 1 : 2
(c) 2 : 3
(d) 3 : 2

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In the last month i.e. in May daily we will provide you with a test of the previous years’ question papers, this will increase your confidence in solving the real exam and will make you familiar with the real-time exam.

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