Simple Interest - Free MCQ Practice Test with solutions, SSC CGL Quant

Ajay deposited Rs. 20,000 in a scheme offering a simple interest of 5% p.a. for the first year and 1.5% p.a. more returns each successive year. What is the total interest (in Rs.) obtained after 5 years?

Suraj lent out a sum of Rs. 12,000 at 4% p.a. simple interest. From the amount received after 10 years, he lent out half of the amount at 5% p.a. rate of simple interest for 4 years. What is the total interest (in Rs.) obtained by Suraj in this entire process?

When the rate of simple interest is different for different years, a sum of Rs. X becomes 108% of itself in 1 year and 130% of itself in 3 years. If the interest obtained in the first, second and third years are in A.P., what is the ratio of the amount of interest obtained in the first year and in the third year, respectively?

A sum lent out at simple interest gives a return of Rs. ‘p’ each year and becomes 4/3 times itself in 6 years. If the sum decreases by 16.67% and the per year returns decrease by 33.33%, by how much percent the sum of money will increase in 9 years?

A sum of Rs. X increases by 1/15 times in the first year and by 1/8 times in the second year. It increases by 8.33% in the third year and the total interest in three years is Rs. 3900, what is the amount obtained at the end of three years?

A sum of Rs. ‘5p’ is invested in scheme A for 5 years and a sum of Rs. ‘8p’ is invested in scheme B for 2 years. The total interest from scheme B is 25% more than that from scheme A and the amount from scheme B is 50% more than that from scheme A. If the difference between the sum of money invested in the two schemes is Rs. 4200, what is the total interest (in Rs.) obtained from both the schemes?

Karan lent out 40% less money than Arjun at simple interest for 6 years. The interest obtained by Karan is 12% of the sum lent out by Arjun and the interest obtained by Arjun is 40% of the sum lent out by Karan. What is the ratio of the rate of interest per annum of Karan to that of Arjun?

Aman had a certain sum of money with him. He lent out 25% of the sum at 4x% p.a., 35% of the sum at 2x% p.a. and the remaining at 3x% p.a. simple interest. If the sum of money increased by 29% in two years, what is the value of x?

At a certain rate of simple interest, a sum of money becomes 160% of itself in 3 years. If the sum of money, rate of interest and time of investment increase by 20%, 50% and 66.67%, respectively, what will be the percentage increase in the amount received?

A sum of money is lent out at simple interest for three years. The ratio of the amount of interest in the first, second and third years is in the ratio 1 : 4 : 2 respectively. The ratio of the amount (principal + interest) at the end of the first, the second and the third year is 6 : 8 : 9 respectively. What is the rate of interest for the third year?

At a certain rate of simple interest per annum, the ratio of the amount Aman gets in 8 years and the amount Seema gets in 6 years are in the ratio 29 : 42, respectively. If Seema invested 50% more amount that Aman, what is the rate of interest per annum?

At a certain rate of simple interest per annum a sum of Rs. P becomes 11/8 times itself in 6 years. What will be the ratio of the amount obtained on Rs. 2P at the same rate in 5 years to the amount obtained on Rs. 3P at the same rate in 12 years?

A sum of Rs. 15000 becomes Rs. 24,600 when invested at ‘x’ p.a. simple interest for ‘x’ years. In how many years, the sum will become thrice itself at (x + 2)% p.a.?

A sum of Rs. 3600 becomes ‘11z’ in 8 years at 4% p.a. simple interest while at the same rate a sum of Rs. X becomes ‘8z’ in 11 years. What is the value of X?

A sum of Rs. 32,600 is lent out at simple interest for three years such that the ratio of the amount at the end of the first, second and third years is 42 : 47 : 52, respectively. A total of 30% interest is obtained in three years. What was the amount of interest (in Rs.) in the first two years?