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

Question : 21 [SSC CPO S.I.2003]

What sum will amount to Rs.7000 in 5 years at 3$1/3$% simple interest ?

a) Rs.6500

b) Rs.6300

c) Rs.5000

d) Rs.6000

Question : 22 [SSC CPO S.I.2005]

If the simple interest on a certain sum of money for 15 months at 7$1/2$% per annum exceeds the simple interest on the same sum for 8 months at 12$1/2$% per annum by Rs.32.50, then the sum of money (in ) is :

a) 312.50

b) 312

c) 3120.50

d) 3120

Question : 23 [SSC CGL Prelim 2007]

A person deposited Rs.400 for 2 years, Rs.550 for 4 years and Rs.1,200 for 6 years. He received the total simple interest of Rs.1,020. The rate of interest per annum is

a) 5%

b) 10%

c) 20%

d) 15%

Question : 24 [SSC CGL Prelim 2007]

Manoj deposited Rs.29400 for 6 years at a simple interest. He got Rs.4200 as interest after 6 years. The annual rate of interest was

a) 2$7/20$%

b) 2$8/21$%

c) 4$8/21$%

d) 3$8/21$%

Question : 25 [SSC CGL Prelim 2003]

What sum of money will amount to Rs.520 in 5 years and to Rs.568 in 7 years at simple interest ?

a) Rs.120

b) Rs.400

c) Rs.220

d) Rs.510