Daily Interest = (P × R × T)/(365 × 100) Q : A sum of Rs.
10,000 is rent partly at 8% and remaining
Weekly Interest = (P × R × T)/(52 × 100) at 10% per annum. If the yearly interest on the average is
Monthly Interest = (P × R × T)/(12 × 100) 9.2%, the two parts are
If the interest on a sum of money is 1/x of the principal, (A) Rs. 4000, Rs. 6000 (B) Rs. 4500, Rs. 5500
and the number of years equals the rate of interest, then (C) Rs. 5000, Rs. 5000 (D) Rs. 5500, Rs. 4500
the rate can be calculated using the formula: r = Ans :A
√(100/x). Q : The simple interest on a certain sum at 5% per annum
If a sum of money becomes x times its original amount for 3 years and 4 years differ by Rs. 42. The sum is :
in t years at simple interest, then the rate is calculated (A) Rs. 210 (B) Rs. 280 (C) Rs. 750 (D)
as [100(x - 1)]/t %. Rs. 840 Ans :D
If a sum of money becomes x times its original amount Q : The simple interest on a certain sum of money at the
in t years at a simple rate of interest, then the time is rate of 5 % per annum for 8 years is ₹ 840. Rate of interest
calculated as [100(x - 1)]/R. for which the same amount of interest can be received on
If an amount P1 is lent out at simple interest of R1% per the same sum after 5 years is?
annum and another amount P2 at simple interest rate (A) 7% (B) 8% (C) 9% (D) 10%
of R2% per annum, then the rate of interest for the whole Ans :B
sum can be given by: R = (P1R1 + P2R2)/(P1 + P2) Q : The difference between the simple interest between the
simple interest received from two different sources on ₹
Simple Interest Questions for SSC Exam 1500 for 3 years is ₹ 13.50. The difference between their
Q : Mr. Khanna took a loan of Rs 10,000 on simple interest rate of interest is -
for two years at the rate 3% per annum. The total amount (A) 0.1 % (B) 0.2 % (C) 0.3 % (D) 0.4
that he will be paying as interest in 2 year is 3% of his % Ans :C
monthly salary. What his monthly salary? Q : The difference between C.I and S.I for 2 years is Rs. 9.
(A) Rs 30,000 (B) Rs 16,000 (C) Rs 20,000 Find the sum (in Rs.) if the rate is 15% per annum.
(D) Rs 12,000 (E) None of these Ans :C (A) 400 (B) 500 (C) 600 (D) 700
Q : A sum of Rs. 1600 gives a simple interest of Rs. 252 in 2 Ans :A
year and 3 months. The rate of interest per annum is : Q : A sum of ₹ 7, 930 is divided into 3 parts and given at
(A) 5.5% (B) 8% (C) 7% (D) 6% Ans
loan at 5 % simple interest to A, B and C for 2, 3 and 4 years
:C respectively. If the amounts of all three are equal after their
Q : In what time will the simple interest be of the principle at respective periods of loan, then the A received a loan of
8 percent per annum ? (A) ₹ 2,800 (B) ₹ 3,050 (C) ₹ 2,750 (D)
(A) 8 years (B) 7 years (C) 5 years (D) ₹ 2,760 Ans :D
6 years Ans :C Q : The simple interest on ₹ 4,000 in 3 years at the rate of x
Q : At what rate percent per annum will the simple interest % per annum equals the simple interest on ₹ 5,000 at the rate
on a sum of money be of the principal amount in 10 years? of 12% per annum in 2 years. The value of x is
(A) 4% (B) 6% (C) 8% (D) 10% (A) 10 % (B) 6 % (C) 8 % (D) 9 % Ans
Ans :A :A
Q : Nitin borrowed some money at the rate of 6% p.a. for the simple Interest. If he paid Rs 6,600 as interest while clearing
first three years, 9 % p. a. for the next five years and 13 % the loan, find the time for which the loan was given.
p.a. for the period beyond eight years. If the total interest paid (A) 3 year (B) 4 year (C) 5 year (D) 6 year
by him at the end of eleven years is ₹8,160, the money Ans :C
borrowed by him ( in ₹ ) was - Q : If the annual rate of simple interest increases from 8% to
(A) 12,000 (B) 6,000 (C) 8,000 (D) 10,000 13%, a man’s yearly income increases by Rs. 4800. His
Ans :C principal (in Rs.) is:
Q : A person deposited ₹500 for 4 years and ₹ 600 for 3 years (A) Rs.90,000 (B) Rs.96,000 (C) Rs.88,000
at the same rate of simple interest in a bank. Altogether he (D) Rs.1,00,000 (E) None of these Ans :B
received ₹ 190 as interest. The rate of simple interest per Q : Simple interest accrued on an amount in 8 yr @ 12 % per
annum was annum is Rs 5520 What is the principal amount ?
(A) 4 % (B) 5 % (C) 2 % (D) 3 % (A) Rs 5750 (B) Rs 8500 (C) Rs 5650 (D) Rs
Ans :B 8250 Ans :A
Q : A certain sum becomes Rs 840 in 3 years and Rs 1200 in Q : A sum of money at simple interest amounts to Rs. 815 in
3 years and to Rs. 854 in 4 years. The sum is:
7 years at simple interest. What is the value (in Rs) of
(A) Rs. 650 (B) Rs. 690 (C) Rs. 698 (D) Rs. 700
principal?
Ans :C
(A) 520 (B) 570 (C) 620 (D) 670 Ans :B
Q: The simple interest on a sum of money is 4 / 9 of the
Q : Simple Interest received by a person in 10 years on a
principal and the number of years is equal to the rate percent
principal. of the Rs. 9500 is 130% of the principal. What is the
per annum. The rate per annum is
rate of interest (in %) per annum?
(A) 5 % (B) (C) 6 % (D) Ans :B
(A) 12 (B) 13 (C) 15 (D) 19 Ans :B
Q: In how many years will Rs 4600 amount to Rs 5428 at 3 %
Q : A sum of ₹ 400 amounts to ₹ 480 in 4 years. What will it
per annum simple interest?
amount to if the rate of interest is increased by 2 %?
(A) 3 (B) 5 (C) 6 (D) 4 (E) None of these Ans :C
(A) ₹ 484 (B) ₹ 560 (C) ₹ 512 (D) None Q : Ram deposited a certain sum of money in a company at 12
Ans :C % per annum simple interest for 4 years and deposited equal
Q : Out of ₹ 20, 000 Narendra gives some amount on loan at amount in fixed deposit in a bank for 5 years at 15 % per
simple interest rate 8 % per annum and rest amount at simple annum simple interest. If the difference in the interest from
two sources is ₹ 1350 than the sum deposited in each case is
interest rate 4 / 3 % per annum. At the end of year he earns ₹
(A) ₹ 3000 (B) ₹4000 (C) ₹ 6500 (D) ₹ 5000
800. The amount given at 8 % rate will be –
Ans :D
Ans :C
Q: The principal which gives ₹ 1 interest per day at a rate of 5
(A) ₹ 10,000 (B) ₹ 12,000 (C) ₹ 8,000 (D) ₹
% simple interest per annum is
6,000
(A) ₹ 5000 (B) ₹35500 (C) ₹ 7300 (D) ₹3650
Q : Ajay bought Rs.11,000 from a bank to buy a car at 12%
Ans :C
Q: If x, y, z are three sum of money such that y is the simple a) 6% b) 8% c) 10% d) 12% Ans: (b)
interest on x and z is the simple interest on y for the same 8%
time and at the same rate of interest, then what is the relation 4. Calculate the time required for a principal amount of Rs.
between x, y, z we have 5000 to earn a Simple Interest of Rs. 750 at an annual interest
(A) x2 = xy (B) xyz = 1 (C) xyz = 0 (D) y2 = zx rate of 5%.
Ans :D a) 1 year b) 1.5 years c) 2 years d) 2.5 years
Q: Two equal sum were lent out at 7% and 5% S.I Ans: (b) 1.5 years
respectively. The interest earned on the two loans add up to 5. If the Simple Interest on a certain amount for 2 years at
₹960 for 4 years. The total sum lent out is 12% per annum is Rs. 960, find the principal amount.
(A) ₹ 3500 (B) ₹ 2500 (C) ₹ 2000 (D) ₹ 3000 a) Rs. 3000 b) Rs. 3500 c) Rs. 4000 d) Rs.
Ans :C 4500 Ans: (a) Rs. 3000
Q: ₹ 800 becomes ₹ 956 in 3 years at a certain rate of simple 6. Principal amount is Rs. 7000, and the interest rate is
interest. If the rate of interest is increased by 4 %, what 10% per annum. Calculate the Simple Interest after 4 years.
amount will ₹ 800 become in 3 years? a) Rs. 2800 b) Rs. 3200 c) Rs. 3500 d) Rs.
(A) ₹ 1020.80 (B) ₹ 1025 (C) ₹ 1052 (D) ₹ 1050 4000 Ans: (a) Rs. 2800
Ans :C 7. If the Simple Interest on a sum of money for 5 years at
Q : The simple interest on a sum of money is of the principal
6% per annum is Rs. 900, find the principal amount.
and the number of years is equal to the rate percent per
annum. The rate per annum is : a) Rs. 1500 b) Rs. 2000 c) Rs. 2500 d) Rs.
(A) 5% (B) (C) 6% (D) Ans :B 3000 Ans: (c) Rs. 2500
Q : The difference between the simple interest received from 8. The principal amount is Rs. 10,000, and the Simple
two different sources on Rs. 1500 for 3 years is Rs. 13.50. The Interest is Rs. 1500. Find the rate of interest for 3 years.
difference between their rates of interest is : a) 3% b) 4% c) 5% d) 6% Ans: (c) 5%
(A) 0.1% (B) 0.2% (C) 0.3% (D) 0.4% Ans :C 9. Calculate the time required for a principal amount of Rs.
1. The principal amount is Rs. 6000, and the interest rate is 4000 to earn a Simple Interest of Rs. 600 at an annual interest
5% per annum. Calculate the Simple Interest after 2 years. rate of 4%.
a) Rs. 600 b) Rs. 500 c) Rs. 300 d) Rs. 200 a) 1 year b) 2 years c) 3 years d) 4 years
Ans: (c) Rs. 300 Ans: (b) 2 years
2. If the Simple Interest on a sum of money for 3 years at 10. If the Simple Interest on a certain amount for 3 years at
8% per annum is Rs. 720, find the principal amount. 15% per annum is Rs. 1350, find the principal amount.
a) Rs. 2500 b) Rs. 3000 c) Rs. 3500 d) Rs. a) Rs. 2000 b) Rs. 2500 c) Rs. 3000 d) Rs.
4000 Ans: (b) Rs. 3000 3500 Ans: (c) Rs. 3000
3. The principal amount is Rs. 8000, and the Simple Also Read: Questions of Syllogism Reasoning
Interest is Rs. 960. Find the rate of interest for 2 years.
11. Principal amount is Rs. 9000, and the interest rate is 8% 19. Calculate the time required for a principal amount of Rs.
per annum. Calculate the Simple Interest after 2 years. 10,000 to earn a Simple Interest of Rs. 1500 at an annual
a) Rs. 1440 b) Rs. 1600 c) Rs. 1800 d) Rs. interest rate of 5%.
2000 Ans: (a) Rs. 1440 a) 1 year b) 2 years c) 3 years d) 4 years
12. If the Simple Interest on a sum of money for 4 years at Ans: (b) 2 years
10% per annum is Rs. 800, find the principal amount. 20. If the Simple Interest on a certain amount for 3 years at
a) Rs. 1500 b) Rs. 2000 c) Rs. 2500 d) Rs. 20% per annum is Rs. 1800, find the principal amount.
3000 Ans: (d) Rs. 3000 a) Rs. 2000 b) Rs. 2500 c) Rs. 3000 d) Rs.
13. The principal amount is Rs. 12,000, and the Simple 3500 Ans: (c) Rs. 3000
Interest is Rs. 1800. Find the rate of interest for 5 years.
a) 2% b) 3% c) 4% d) 5% Ans: (a) 2%
14. Calculate the time required for a principal amount of Rs.
6000 to earn a Simple Interest of Rs. 720 at an annual interest
rate of 4%.
a) 1 year
b) 1.5 years c) 2 years d) 2.5 years Ans:
(c) 2 years
15. If the Simple Interest on a certain amount for 3 years at
18% per annum is Rs. 1620, find the principal amount.
a) Rs. 3000 b) Rs. 3500 c) Rs. 4000 d) Rs.
4500 Ans: (d) Rs. 4500
16. Principal amount is Rs. 15,000, and the interest rate is
12% per annum. Calculate the Simple Interest after 3 years.
a) Rs. 5400 b) Rs. 6400 c) Rs. 7200 d) Rs.
8000 Ans: (c) Rs. 7200
17. If the Simple Interest on a sum of money for 2 years at
14% per annum is Rs. 1120, find the principal amount.
a) Rs. 2000 b) Rs. 2500 c) Rs. 3000 d) Rs.
3500 Ans: (b) Rs. 2500
18. The principal amount is Rs. 8000, and the Simple
Interest is Rs. 1600. Find the rate of interest for 4 years.
a) 1% b) 2% c) 3% d) 4% Ans: (d) 4%