Maths with Shubham Sir

SSC CGL 2023 Tier-1 Maths Simple and Compound Interest by Shubham Jain (RBE)

Video Solution Link:- https://youtu.be/1ludUsjD9hM

SSC CGL 2023 Tier-1 Solution Playlist link:-
https://www.youtube.com/playlist?list=PL5SDlP42gG0jfaW4sT1TkSBMlrssTJwBS
Attempt All Questions in Mock form (Quiz):-
https://rbelearning.com/test-series/189/tests
Open the link and Select Interest Topic & then SSC CGL 2023 Tier-1
Q1. In what time will ₹10,000 at 4% per annum, (a) 6850 (b) 6900 (c) 6750 (d) 6800
produce the same interest as ₹8,000 does in 4 years
at 5% simple interest? Q7. A person took a loan at 5% per annum simple
interest during the first year and with an increase of
(a) 6 YEAR (b) 3 YEAR (c) 4 YEAR (d) 5 YEAR 0.5% simple interest every year from the second year
onwards. After 4 years, he paid ₹4,600 as a total
Q2. If the simple interest at the same interest rate on interest to settle the loan completely. How much
₹500 for 4 years and ₹700 for 2 years, combined was the loan?
together, is ₹280, then what is the rate of interest?
(a) ₹21,000 (b) ₹18,000 (c) ₹20,000 (d) ₹19,000
𝟑 𝟓 𝟑 𝟒
(a) 9 𝟏𝟕 % (b) 6 𝟏𝟕 % (c) 7 𝟏𝟕 % (d) 8 𝟏𝟕 %
Q8. The rate of simple interest for which ₹9,000 will
Q3. A man invests a total sum of ₹10,000 in a amount to ₹10,200 in 4 years is:
company. A part of the sum was invested at 10% 𝟏 𝟏 𝟐 𝟏
simple interest per annum and the remaining part at (a) 3 𝟑 % (b) 7 𝟑 % (c) 4 𝟑 % (d) 5 𝟐 %
15% simple interest per annum. If the total interest
Q9. S deposits a total of ₹50,000 in two accounts
accrued to him in two years equals ₹2,400, the sum
which give 8% and 12% simple interest annually,
invested at 15% simple interest per annum is:
respectively. After one year, he gets a total ₹5,200.
(a) ₹4,000 (b) ₹8,000 (c) ₹6,000 (d) ₹5,000 How much money does he deposit in the account
with a 12% interest rate?
Q4. If ₹72 amounts to ₹104.4 in 3 years, what will
₹120 amount to in 5 years at the same rate percent (a) ₹25,000 (b) ₹32,000 (c) ₹30,000 (d) ₹20,000
per annum?
Q10. At what rate percent per annum simple
(a) ₹210 (b) ₹215 (c) ₹330 (d) ₹450 interest, a sum of money triples itself in 16 years?

Q5. A person deposited ₹500 for 3 years, ₹650 for 5 (a) 11% (b) 12% (c) 11.5% (d) 12.5%
years, and ₹1,250 for 7 years. He received a total
Q11. The interest earned on ₹21,000 in 3 years at
simple interest of ₹1,620. The rate of interest per
simple interest is ₹6,400. What is the rate of interest
annum is:
per annum?
(a) 11% (b) 12% (c) 13% (d) 10.8% 𝟏𝟎 𝟏𝟑 𝟓 𝟐
(a) 10 𝟔𝟑 % (b) 10 𝟔𝟑 % (c) 10 𝟔𝟑 % (d) 10 𝟔𝟑 %
Q6. A sum of money invested at a certain rate of
simple interest per annum amounts to ₹14,522 in Q12. What is the present worth of ₹1,100 due in 2
seven years and to ₹18,906 in eleven years. Find the years at 5% simple interest per annum?
sum invested (in ₹).
Course Enquiry
 Maths with Shubham Sir
(a) ₹1,000 (b) ₹3,000 (c) ₹2,000 (d) ₹1,500 Q22. A man took a loan of ₹32,400 at a certain rate
of simple interest per annum. The rate of interest is
Q13. A sum of money at simple interest amounts to one-fourth of the number of years for which the loan
₹1,200 in 3 years and to ₹1,350 in 4 years. The sum is taken. If he paid ₹11,664 as interest at the end of
is: the loan period, the rate of interest was:
(a) ₹850 (b) ₹650 (c) ₹450 (d) ₹750 (a) 5% (b) 12% (c) 8% (d) 3%
Q14. Find the simple interest on Rs. 27,000 at per Q23. Archana took a loan of Rs.78,000 from a bank
annum for 8 months. 𝟑
on 24th January 2012 at 8𝟒 % per annum simple
(a) ₹2,610 (b) ₹2,640 (c) ₹2,600 (d) ₹2,630 interest and paid it back on 18th June 2012. Find the
total amount paid by Archana. (Approximated to
Q15. The simple interest on an amount for 6 years at
nearest integer)
4% p.a. is ₹7,500 less than the simple interest on the
same amount for 11 years. Find the amount. (a) ₹88,730 (b) ₹85,733 (c) ₹80,723 (d) ₹90,730

(a) ₹38,000 (b) ₹37,000 (c) ₹38,500 (d) ₹37,500 Q24. A sum of money at a fixed rate of simple
interest amounts to ₹1,630 in 3 years and to ₹1,708
Q16. In what time will ₹3,720 amount to ₹5,282.4 at
in 4 years. Find the sum (in ₹).
12% simple interest per annum?
𝟏 𝟏
(a) 1448 (b) 1396 (c) 1132 (d) 1296
(a) 5 YEAR (b) 3 𝟐 YEAR (c) 3 YEAR (d) 5 𝟐 YEAR
𝟖
Q25. A sum of money becomes of itself in 2 years at
𝟕
Q17. Money was lent on simple interest. After 12
a certain rate of simple interest. The rate per annum
𝟑
year, its simple interest becomes of the money. is:
𝟓
Find the rate of interest.
𝟏 𝟑 𝟑 𝟏
(a) 8 𝟕 % (b) 6 𝟕 % (c) 7 𝟕 % (d) 7 𝟕 %
(a) 3% annually (b) 4% annually (c) 2% annually
(d) 5% annually Q26. A sum of money earns a simple interest at
7.25% per annum for the first eight years, at 8.5% for
Q18. If the simple interest for 5 years is equal to 25% the next six years, and at 6.5% for the final four
of the principal, then the interest will be equal to the years. If the total interest earned during these
principal after _______ years. eighteen years was ₹35,100, what was the original
sum invested (in ₹)?
(a) 20 (b) 22 (c) 25 (d) 30
(a) 26,000 (b) 26,400 (c) 25,500 (d) 25,800
Q19. In how many years will a sum of ₹9,500 amount
to ₹11,780 at the rate of 8% per annum at simple Q27. A person invests ₹9,840 at 5% per annum
interest? simple interest to obtain a total amount of ₹12,300.
For how many years did he invest the sum?
(a) 2 (b) 3 (c) 5 (d) 4

Q20. An amount becomes double in 8 years on (a) 4.5 YEAR (b) 3 YEAR (c) 5 YEAR (d) 3.5 YEAR
simple interest. In how many years would Rs.25,000
become Rs.1,00,000 with the same rate of interest?
Q28. A sum of ₹30,000 becomes ₹38,400 after being
(a) 24 (b) 16 (c) 28 (d) 32 invested at a simple interest of 8% per annum in
Q21. How much simple interest will ₹6,000 earn in 21 how many years?
months at 8% per annum? (a) 2.5 (b) 4 (c) 3 (d) 3.5
(a) ₹840 (b) ₹620 (c) ₹880 (d) ₹750 Q29. At simple interest a sum of ₹6,400 becomes
₹8,320 in 3 years. What will ₹7,200 become in 5
years at the same rate?
Course Enquiry
 Maths with Shubham Sir
(a) ₹10,800 (b) ₹10,400 (c) ₹10,200 (d) ₹10,600 of itself, the amount of the same principal in 5 years
will be:
Q30. A person borrowed some money on simple
𝟗 (a) ₹12,325 (b) ₹15,625 (c) ₹13,550 (d) ₹14,350
interest. After 4 years, he returned of the money to
𝟓
the lender. What was the rate of interest? Q35. The simple interest on ₹800 for 6 years at 5.5%
per annum is equal to the simple interest on ₹600 at
(a) 15% ANNUALLY (b) 10% ANNUALLY
4% per annum for a certain period of time. The
(c) 25% ANNUALLY (d) 20% ANNUALLY
period of time is:
Q31. A certain amount is lent at x% p.a. simple
(a) 11 YEAR (b) 10 YEAR (c) 12 YEAR (d) 9 YEAR
interest for 3 years. Instead, if the amount was lent
at 3x% p.a. simple interest for ‘y’ more years, then Q36. The interest on a certain deposit at 4.5% p.a. is
the simple interest would have been seven times the ₹135 in one year. How much will the additional
earlier interest. What is the value of y? interest in one year be on the same deposit at 5%
p.a.?
(a) 6 (b) 3 (c) 5 (d) 4
(a) ₹15 (b) ₹14 (c) ₹18 (d) ₹16
Q32. R wants to deposit ₹80,000 in the bank for a
year. In his account, the bank gives 12% simple Q37. The time required for a sum of money to
annual interest but charges ₹3,000 as a processing amount to three times itself at 8% simple interest
fee for the account. What would be his percentage p.a. will be:
earnings in the account?
(a) 30 YEAR (b) 25 YEAR (c) 20 YEAR
(a) 9% (b) 8.5% (c) 8.25% (d) 8.75%
(d) 35 YEAR
Q33. The rate at which a sum becomes four times of
Q38. The simple interest on a certain sum at the rate
itself in 12 years at simple interest will be:
of 12.5% per annum for 6 years is ₹13,500 less than
(a) 25% (b) 35% (c) 30% (d) 20% the principal. Find the simple interest.

Q34. ₹8,500 becomes ₹11,050 in 6 years at a certain (a) ₹13,500 (b) ₹40,000 (c) ₹54,000 (d) ₹40,500
rate of simple interest. If the rate becomes 1.8 times
Answer Key______________________________________________________________________________

Q.1 C Q.2 D Q.3 A Q.4 A Q.5 B

Q.6 A Q.7 C Q.8 A Q.9 C Q.10 D

Q.11 A Q.12 A Q.13 D Q.14 B Q.15 D

Q.16 B Q.17 D Q.18 A Q.19 B Q.20 A

Q.21 A Q.22 D Q.23 C Q.24 B Q.25 D

Q.26 A Q.27 C Q.28 D Q.29 A Q.30 D

Q.31 D Q.32 C Q.33 A Q.34 A Q.35 A

Q.36 A Q.37 B Q.38 D

Course Enquiry
 Download RBE Application now-
https://play.google.com/store/apps/details?id=com.revolution.education

For SSC Exams Complete Preparation (Download RBE Application)

(Learn from those who have cleared the exam themselves)
https://play.google.com/store/apps/details?id=com.revolution.education