Question : A sum of Rs. 8,400 amounts to Rs. 11,046 at 8.75% p.a. simple interest in a certain time. What will be the simple interest (in Rs.) on a sum of Rs. 10,800 at the same rate for the same time?
Option 1: 3,402
Option 2: 3,204
Option 3: 3,024
Option 4: 3,420
Latest: SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL complete guide
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: 3,402
Solution : Given that, a sum of Rs. 8,400 amounts to Rs. 11,046 at 8.75% p.a. simple interest in a certain time. The simple interest for this period = Rs. 11,046 – Rs. 8,400 = Rs. 2,646 Since the rate and time are constant, the simple interest is directly proportional to the principal amount. Therefore, the simple interest on a sum of Rs. 10,800 for the same time period = $\frac{ 10,800}{ 8,400}$ × 2,646 = Rs. 3,402 Hence, the answer is Rs. 3,402.
Candidates can download this ebook to know all about SSC CGL.
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Question : The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is:
Question : The simple interest on a certain sum for 3 years at 14% p.a. is INR 4,200 less than the simple interest on the same sum for 5 years at the same rate. Find the sum.
Question : The difference between Compound Interest and Simple Interest on a certain sum of money for 2 years at 5% per annum is Rs. 41. What is the total sum?
Question : A sum of money at simple interest amounts to Rs. 6,000 in 4 years and to Rs. 6,750 in 7 years at the same rate percent per annum of interest. The sum (in Rs.) is:
Question : The simple interest on a certain sum of money for 2 years at 5% is Rs. 1600. The compound interest at the same rate after 3 years (interest compounded annually) is:
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile