type 1 basic simple interest using formula Practice Questions Answers Test with Solutions & More Shortcuts

Question : 1 [SSC SAS 2010]

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. The rate of interest per annum is

a) 5%

b) 7%

c) 10%

d) 7$1/8$%

Question : 2 [SSC CGL Prelim 2003]

Rs.500 was invested at 12% per annum simple interest and a certain sum of money invested at 10% per annum simple interest. If the sum of the interest on both the sum after 4 years is Rs.480, the latter sum of money is :

a) Rs.750

b) Rs.450

c) Rs.550

d) Rs.600

Question : 3 [SSC CGL Prelim 2003]

A certain sum of money amounts to Rs.756 in 2 years and to Rs.873 in 3$1/2$ years at a certain rate of simple interest. The rate of interest per annum is

a) 11%

b) 10%

c) 13%

d) 12%

Question : 4 [SSC CGL Prelim 2005]

A man had Rs.16,000, part of which he lent at 4% and the rest at 5% per annum simple interest. If the total interest received was Rs.700 in one year, the money lent at 4% per annum was

a) Rs.8,000

b) Rs.12,000

c) Rs.6,000

d) Rs.10,000

Question : 5 [SSC CGL Prelim 2000]

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

a) 8%

b) 5$1/2$%

c) 6%

d) 7%