Question : At a simple interest rate per annum, a certain sum amounts to Rs. 5,182 in 2 years and Rs. 5,832 in 3 years. The principal in rupees is:
Option 1: 2882
Option 2: 5000
Option 3: 3882
Option 4: 4000
Latest: SSC CGL 2024 final Result Out | SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL Tier 1 Scorecard 2024 Released | SSC CGL complete guide
Suggested: Month-wise Current Affairs | Upcoming Government Exams
Correct Answer: 3882
Solution : Given: A certain sum amounts to Rs. 5,182 in 2 years and Rs.5,832 in 3 years. Simple interest for 1 year = 5832 – 5182 = Rs.650 Simple interest for 2 years = 650 × 2 = Rs.1,300 Principal = Rs. (5182 – 1300) ⇒ Principal = Rs. 3,882 Hence, the correct answer is Rs. 3,882.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Question : If the difference between the compound interest and simple interest on a certain sum at the rate of 5% per annum for 2 years is Rs. 20, then the sum is:
Option 1: Rs. 2000
Option 2: Rs. 4000
Option 3: Rs. 6000
Option 4: Rs. 8000
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:
Option 1: Rs. 520
Option 2: Rs. 550
Option 3: Rs. 500
Option 4: Rs. 515
Question : A certain sum amounts to INR 3,640 in 2 years and INR 4,060 in 8 years at simple interest. Find the approximate rate percentage per annum.
Option 1: 4%
Option 2: 2%
Option 3: 1%
Option 4: 3%
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 interest per annum is:
Option 1: INR 8000
Option 2: INR 4000
Option 3: INR 6000
Option 4: INR 5000
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:
Option 1: 5,100
Option 2: 4,800
Option 3: 4,000
Option 4: 5,000
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile