Question : Sum INR 20,000 and INR 40,000 are given on simple interest at the rate of 10% and 15% per annum respectively for three years. What will be the total simple interest?
Option 1: INR 36,000
Option 2: INR 24,000
Option 3: INR 32,000
Option 4: INR 28,000
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: INR 24,000
Solution : Given: Sum INR 20,000 and INR 40,000 are given on simple interest at the rate of 10 percent and 15 percent per annum respectively for three years. We know the formula, $SI=\frac{P\times R\times T}{100}$ where $SI$, $P$, $R$, and $T$ are the simple interest, principal, rate, and time. SI for the rate of 10% is, ⇒ $SI=\frac{20000\times10\times3}{100}=$ INR 6,000 SI for the rate of 15% is, ⇒ $SI=\frac{40000\times15\times3}{100}=$ INR 18,000 The total simple interest = INR 6,000 + INR 18,000 = INR 24,000. Hence, the correct answer is INR 24,000.
Candidates can download this ebook to know all about SSC CGL.
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Question : A man invests a total sum of INR 10,000 in a company. A part of the sum was invested at 10% simple interest per annum and the remaining part, at 15% simple interest per annum. If the total interest accrued in two years equals INR 2,400, the sum invested at 15% simple
Question : The simple interest on a certain sum at the rate of 12.5% per annum for 6 years is INR 13,500 less than the principal. Find the simple interest.
Question : What will be the simple interest on a sum of INR 12,000 at the rate of 15 percent per annum for three years?
Question : What sum will give Rs. 244 as the difference between simple interest and compound interest at 10% in $1\frac{1}{2}$ years compounded half-yearly?
Question : Vipul and Manish invested the sum of INR 15,000 and INR 20,000 at the rate of 20% per annum and 30% per annum respectively on compound interest (compounding annually). If time period is 3 years for both, then what will be the total compound interest earned by Vipul
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile