Simple & Compound Interest · SSC CGL previous year questions

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2023 16 questions

Q662023 · 26 Jul 2023 · Shift 2
The interest earned on Rs. 21,000 in 3 years at simple interest is Rs. 6,400. What is the rate of interest per annum?
1. A.Option 1
2. B.Option 2
3. C.Option 3
4. D.Option 4
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Answer: D
Q612023 · 26 Jul 2023 · Shift 4
A sum of money at simple interest amounts to ₹1,200 in 3 years and to ₹1,350 in 4 years. The sum is:
1. A.₹650
2. B.₹850
3. C.₹450
4. D.₹750
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Answer: D
Q752023 · 25 Jul 2023 · Shift 2
Rs. 8,500 becomes Rs. 11,050 in 6 years at a certain rate of simple interest. If the rate becomes 1.8 times of itself, the amount of the same principal in 5 years will be:
1. A.Rs. 15,625
2. B.Rs. 14,350
3. C.Rs. 13,550
4. D.Rs. 12,325
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Answer: D
Q632023 · 25 Jul 2023 · Shift 3
The rate of simple interest for which ₹9,000 will amount to ₹10,200 in 4 years is:
1. A.Option 1
2. B.Option 2
3. C.Option 3
4. D.Option 4
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Answer: D
Q592023 · 25 Jul 2023 · Shift 4
Study the given table and answer the question that follows. The table represents the expenditure of a company (in thousand rupees) per annum over the given year. Year Expenditure Salary Transport Interest Tax 2018 200 90 3 80 2019 250 100 2.5 100 2020 300 120 3 70 2021 350 130 3.5 80 What is the average amount of salary per year, which the company has to pay during these four years?
1. A.₹2,80,000
2. B.₹3,00,000
3. C.₹2,00,000
4. D.₹2,75,000
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Answer: D
Q722023 · 24 Jul 2023 · Shift 1
The rate at which a sum becomes four times of itself in 12 years at simple interest will be:
1. A.20%
2. B.25%
3. C.35%
4. D.30%
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Answer: B
Q662023 · 21 Jul 2023 · Shift 1
At simple interest a sum of ₹6,400 becomes ₹8,320 in 3 years. What will ₹7,200 become in 5 years at the same rate?
1. A.₹10,200
2. B.₹10,600
3. C.₹10,800
4. D.₹10,400
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Answer: C
Q562023 · 21 Jul 2023 · Shift 2
A person borrowed some money on simple interest. After 4 years, he returned $\frac{9}{5}$ of the money to the lender. What was the rate of interest?
1. A.25% p.a.
2. B.10% p.a.
3. C.15% p.a.
4. D.20% p.a.
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Answer: D
Q732023 · 20 Jul 2023 · Shift 1
A sum of money becomes $\frac{8}{7}$ of itself in 2 years at a certain rate of simple interest. The rate per annum is:
1. A.Option 1
2. B.Option 2
3. C.Option 3
4. D.Option 4
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Answer: C
Q702023 · 19 Jul 2023 · Shift 2
A man took a loan of ₹32,400 at a certain rate of simple interest per annum. The rate of interest is one-fourth of the number of years for which the loan is taken. If he paid ₹11,664 as interest at the end of the loan period, the rate of interest was:
1. A.3%
2. B.8%
3. C.5%
4. D.12%
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Answer: A
Q752023 · 19 Jul 2023 · Shift 4
A sum of money at a fixed rate of simple interest amounts to Rs. 1,630 in 3 years and to Rs. 1,708 in 4 years. Find the sum (in Rs.).
1. A.1132
2. B.1296
3. C.1396
4. D.1448
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Answer: C
Q532023 · 18 Jul 2023 · Shift 4
An amount becomes double in 8 years on simple interest. In how many years would Rs. 25,000 become Rs. 1,00,000 with the same rate of interest?
1. A.32
2. B.28
3. C.16
4. D.24
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Answer: D
Q612023 · 17 Jul 2023 · Shift 1
A person deposited ₹500 for 3 years, ₹650 for 5 years, and ₹1,250 for 7 years. He received a total simple interest of ₹1,620. The rate of interest per annum is:
1. A.12%
2. B.13%
3. C.10.8%
4. D.11%
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Answer: A
Q572023 · 17 Jul 2023 · Shift 2
A sum of money invested at a certain rate of simple interest per annum amounts to ₹14,522 in seven years and to ₹18,906 in eleven years. Find the sum invested (in ₹).
1. A.6850
2. B.6900
3. C.6800
4. D.6750
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Answer: A
Q692023 · 17 Jul 2023 · Shift 4
Money was lent on simple interest. After 12 years, its simple interest becomes $\frac{3}{5}$ of the money. Find the rate of interest.
1. A.4% p.a.
2. B.2% p.a.
3. C.5% p.a.
4. D.3% p.a.
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Answer: C
Q732023 · 14 Jul 2023 · Shift 2
If the simple interest at the same interest rate on ₹500 for 4 years and ₹700 for 2 years, combined together, is ₹280, then what is the rate of interest?
1. A.Option 1
2. B.Option 2
3. C.Option 3
4. D.Option 4
Show answer
Answer: C