MCQ: Simple Interest - 1 - SSC CGL MCQ

# MCQ: Simple Interest - 1 - SSC CGL MCQ

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## 15 Questions MCQ Test Quantitative Aptitude for SSC CGL - MCQ: Simple Interest - 1

MCQ: Simple Interest - 1 for SSC CGL 2024 is part of Quantitative Aptitude for SSC CGL preparation. The MCQ: Simple Interest - 1 questions and answers have been prepared according to the SSC CGL exam syllabus.The MCQ: Simple Interest - 1 MCQs are made for SSC CGL 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for MCQ: Simple Interest - 1 below.
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MCQ: Simple Interest - 1 - Question 1

### 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?

Detailed Solution for MCQ: Simple Interest - 1 - Question 1

Y2 = 64
Y = 8
Hence, Option B is correct.

MCQ: Simple Interest - 1 - Question 2

### 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?

Detailed Solution for MCQ: Simple Interest - 1 - Question 2

Let the time = T

15,000 + 3,600T = 24,000 + 2,880T
720T = 9,000
T = 12.50
So the answer = 12.50 years
Hence, Option B is correct.

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MCQ: Simple Interest - 1 - Question 3

### 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?

Detailed Solution for MCQ: Simple Interest - 1 - Question 3

T = 25 years
Hence, Option D is correct.

MCQ: Simple Interest - 1 - Question 4

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?

Detailed Solution for MCQ: Simple Interest - 1 - Question 4

Let the sum in each case = Rs. X

55X = 3,300 × 100
X = Rs. 6,000
Hence, Option A is correct.

MCQ: Simple Interest - 1 - Question 5

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?

Detailed Solution for MCQ: Simple Interest - 1 - Question 5

Interest in first case = 32,000 – 24,000 = 8,000

Hence, Option D is correct.

MCQ: Simple Interest - 1 - Question 6

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?

Detailed Solution for MCQ: Simple Interest - 1 - Question 6

The difference is created by the difference of the rate of interest.

X – Y = 0.50
Hence, Option A is correct.

MCQ: Simple Interest - 1 - Question 7

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.

Detailed Solution for MCQ: Simple Interest - 1 - Question 7

3% of the principal amount = 630

Hence, Option D is correct.

MCQ: Simple Interest - 1 - Question 8

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?

Detailed Solution for MCQ: Simple Interest - 1 - Question 8

So the answer = 9200 + 480 = Rs. 9680
Hence, Option C is correct.

MCQ: Simple Interest - 1 - Question 9

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?

Detailed Solution for MCQ: Simple Interest - 1 - Question 9

Hence, Option C is correct.

MCQ: Simple Interest - 1 - Question 10

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?

Detailed Solution for MCQ: Simple Interest - 1 - Question 10

Hence, Option D is correct.

MCQ: Simple Interest - 1 - Question 11

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?

Detailed Solution for MCQ: Simple Interest - 1 - Question 11

The difference is created by the difference of the rate of interest.

Hence, Option B is correct.

MCQ: Simple Interest - 1 - Question 12

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?

Detailed Solution for MCQ: Simple Interest - 1 - Question 12

X = Rs. 8,000
Hence, Option A is correct.

MCQ: Simple Interest - 1 - Question 13

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’?

Detailed Solution for MCQ: Simple Interest - 1 - Question 13

Total interest of 4 years = 4 × 12.50% = 50% of total principal

So the answer = Rs.9,600 – Rs. 4,800 = Rs. 4,800
Hence, Option C is correct.

MCQ: Simple Interest - 1 - Question 14

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?

Detailed Solution for MCQ: Simple Interest - 1 - Question 14

Hence, Option B is correct.

MCQ: Simple Interest - 1 - Question 15

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?

Detailed Solution for MCQ: Simple Interest - 1 - Question 15

Interest on the first part = 2 × 10% = 20%
Interest on the second part = 2 × 15% = 30%
Let the first part = X
Second part = (72,000 – X)
20% of X = 30% of (72,000 – X)
50% of X = 21,600
X = 43,200
So the answer = 20% of 43,200 = Rs. 8,640
Hence, Option D is correct.

## Quantitative Aptitude for SSC CGL

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## Quantitative Aptitude for SSC CGL

314 videos|170 docs|185 tests