type 2 increase or decrease in interest rate Practice Questions Answers Test with Solutions & More Shortcuts

Question : 6 [SSC CGL Prelim 2003]

A man loses Rs.55.50 yearly when the annual rate of interest falls from 11.5% to 10%. His capital (in rupees) is

a) 7400

b) 3700

c) 11100

d) 8325

Question : 7 [SSC MTS 2013]

A sum of Rs.2,400 amounts to Rs.3,264 in 4 years at a certain rate of simple interest. If the rate of interest is increased by 1%, the same sum in the same time would amount to

a) Rs.3,312

b) Rs.3,288

c) Rs.3,360

d) Rs.3,340

Question : 8 [SSC CHSL 2010]

A sum of money was lent at simple interest at a certain rate for 3 years. Had it been lent at 2.5% per annum higher rate, it would have fetched Rs.540 more. The money lent was :

a) Rs.6472

b) Rs.6400

c) Rs.7200

d) Rs.6840

Question : 9 [SSC CHSL 2014]

The amount Rs.2,100 became Rs.2,352 in 2 years at simple interest. If the interest rate is decreased by 1%, what is the new interest ?

a) Rs.220

b) Rs.210

c) Rs.252

d) Rs.242

Question : 10 [SSC CAPFs SI 2014]

Rs.800 amounts to Rs.920 in 3 years at simple interest. If the interest rate is increased by 3%, it would amount to

a) Rs.1,112

b) Rs.1,056

c) Rs.992

d) Rs.1,182