Simple Interest - 1 - Free MCQ Practice Test with solutions, SSC CGL Quant

Shivam lent out Rs. 50X for Y years at Y% per annum simple interest. If he received Rs. 32X as interest, what is the value of Y?

Madhav borrows Rs. 15000 at the rate of 24% per annum simple interest and Bhuvan borrows Rs. 24000 at the rate of 12% per annum simple interest. In how many years will their amounts of debt be equal?

Manoj lent out Rs. 20,000 at 8% per annum on simple interest. If he received Rs. 40,000 as interest, for how much time did he lent out?

Saurabh lent out some money at 12.50% per annum simple interest for two years and the same amount at 15% per annum simple interest for two years. If he received a combined interest of Rs. 3,300, how much amount did he lend out in each case?

A sum of Rs. 24,000 amounts to Rs. 32,000 in 4 years at a certain rate of simple interest per annum. To what does a sum of Rs. 6,000 amount at the same rate in 9 years?

Aman lent out Rs. 4000 to Mohan at X% per annum simple interest and Rs. 4000 to Ajit at Y% per annum simple interest. If at the end of 3 years, he received Rs. 60 more from Mohan than from Ajit, what is the difference between X and Y?

When the annual rate of simple interest increases from X% to (X + 3)% , a man’s yearly interest increases by Rs. 630. Find the principal amount.

Shri deposited Rs. 8,000 which amounted to Rs. 9,200 in 3 years at X% p.a. simple interest. Had the rate been “X + 2”% p.a., what would be the amount in 3 years?

A man lent out Rs. 1,200 and Rs. 1,500 for 3 years and 2 years respectively at 5% p.a. and at 6% p.a.. What amount did he take as interest?

A man lent out Rs. 2,000 on simple interest for 8 years at the rate of 5% per annum. What is the earned interest?

Monty lent out Rs. 12,500 to Lakhan at M% per annum simple interest and Rs. 12,500 to Ram at N% per annum simple interest. If at the end of 2 years, he received Rs. 600 less from Lakhan than from Ram, what is the difference between M and N?

A man lent out Rs. X on simple interest for 6 years at the rate of 10% per annum. If he received interest of Rs. 4,800, what is the value of X?

A lends Rs. 4800 to B and Rs. ‘X’ to C for the same time at the same rate of interest of 12.50% per annum. If after 4 years A received a combined interest of Rs. 4800 from both of them, what is the value of ‘X’?

Aisha lent out Rs. 15,000 on simple interest for 84 months at the rate of 20% per annum. What amount would she receive as interest?

Rajdeep lent out a combined amount of Rs. 72,000 such that simple interest in 2 years at 10% per annum on the first part is the same as the simple interest in 2 years at 15% per annum on the second part. What is the interest in 2 years at 10% per annum on the first part?