# SSC CGL – Important Short Tricks to Solve Simple Interest Questions | Download PDF

This article is for the aspirants of various competitive exams like SSC CGL, bank exams like IBPS, IBPS PO and etc. Here we have listed some of the Important Short Tricks to Solve Simple Interest Questions. IBPS PO is one the primary bank exams of all times. Competitive exam preparation has always been a crucial task involving dedication and commitment. Previous Year Questions of Simple Interest For SSC CGL.

This article will help you solve a maximum number of questions in a minimum amount of time. Candidates must take a lot of online IBPS PO mock test for practice.

Simple Interest problems based on this concept are not only a little complicated but also asked very frequently in competitive exams. So let’s establish a relation between terms and formulas that help to solve such Simple Interest formulas. Readers can download the PDF from the link given below.

1.

Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?
 A. 3.6 B. 6 C. 18 D. Cannot be determined E. None of these

2.

A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6 p.a for 2 years. Find his gain in the transaction per year.
 A. Rs. 112.50 B. Rs. 125 C. Rs. 150 D. Rs. 167.50

3.

A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?
 A. Rs. 35 B. Rs. 245 C. Rs. 350 D. Cannot be determined E. None of these

4.

What will be the ratio of simple interest earned by a certain amount at the same rate of interest for 6 years and that for 9 years?
 A. 1 : 3 B. 1 : 4 C. 2 : 3 D. Data inadequate E. None of these

Each of the questions given below consists of a statement and/or a question and two statements numbered I and II given below it. You have to decide whether the data provided in the statement(s) is/are sufficient to answer the given question. Read both statements and

• Give answer (A) if the data in Statement I alone are sufficient to answer the question, while the data in Statement II alone are not sufficient to answer the question.
• Give answer (B) if the data in Statement II alone are sufficient to answer the question, while the data in Statement I alone are not sufficient to answer the question.
• Give answer (C) if the data either in Statement I or in Statement II alone are sufficient to answer the question.
• Give answer (D) if the data even in both Statements I and II together are not sufficient to answer the question.
• Give answer(E) if the data in both Statements I and II together are necessary to answer the question.

5.

 The simple interest on a sum of money is Rs. 50. What is the sum? I. The interest rate is 10% p.a. II. The sum earned simple interest in 10 years.
 A. I alone sufficient while II alone not sufficient to answer B. II alone sufficient while I alone not sufficient to answer C. Either I or II alone sufficient to answer D. Both I and II are not sufficient to answer E. Both I and II are necessary to answer

6.

 What percentage of simple interest per annum did Anand pay to Deepak? I. Anand borrowed Rs. 8000 from Deepak for four years. II. Anand returned Rs. 8800 to Deepak at the end of two years and settled the loan.
 A. I alone sufficient while II alone not sufficient to answer B. II alone sufficient while I alone not sufficient to answer C. Either I or II alone sufficient to answer D. Both I and II are not sufficient to answer E. Both I and II are necessary to answer

7.

 What is the sum which earned interest? I. The total simple interest was Rs. 7000 after 7 years. II. The total of the sum and simple interest was double the sum after 5 years.
 A. I alone sufficient while II alone not sufficient to answer B. II alone sufficient while I alone not sufficient to answer C. Either I or II alone sufficient to answer D. Both I and II are not sufficient to answer E. Both I and II are necessary to answer

8.

 What is the sum which earned interest? I. The total simple interest was Rs. 7000 after 7 years. II. The total of the sum and simple interest was double the sum after 5 years.
 A. I alone sufficient while II alone not sufficient to answer B. II alone sufficient while I alone not sufficient to answer C. Either I or II alone sufficient to answer D. Both I and II are not sufficient to answer E. Both I and II are necessary to answer

9.

 What is the rate of simple interest? I. The total interest earned was Rs. 4000. II. The sum was invested for 4 years.
 A. I alone sufficient while II alone not sufficient to answer B. II alone sufficient while I alone not sufficient to answer C. Either I or II alone sufficient to answer D. Both I and II are not sufficient to answer E. Both I and II are necessary to answer

1.

Let rate = R% and time = R years.

 Then, 1200 x R x R = 432 100 12R2 = 432 R2 = 36 R = 6.

2.

Gain in 2 years
 = Rs.  5000 x 25 x 2 – 5000 x 4 x 2  4 100 100
= Rs. (625 – 400)
= Rs. 225. Gain in 1 year = Rs. 225 = Rs. 112.50 2

3.

We need to know the S.I., principal and time to find the rate.

Since the principal is not given, so data is inadequate.

4.

Let the principal be P and the rate of interest be R%. Required ratio = P x R x 6 100
=6PR=6= 2 : 3. P x R x 9 100
9PR9

5.

Given : S.I. = Rs. 50.

I gives, R = 10% p.a.

II gives T = 10 years. Sum = 100 x S.I. = Rs. 100 x 50 = Rs. 50. T x R 10 x 10

Thus, I and II together give the answer. The correct answer is (E)

6.

Let the rate be R% p.a.

I gives, P = Rs. 8000 and T = 4 years.

II gives, S.I. = Rs. (8800 – 8000) = Rs. 800. R = 100 x S.I. = 100 x 800 % = 2 1 % p.a. P x T 8000 x 4 2

Thus, I and II both are needed to get the answer. The correct answer is (E)

7.

Let the rate be R% p.a.

I gives, P = Rs. 8000 and T = 4 years.

II gives, S.I. = Rs. (8800 – 8000) = Rs. 800. R = 100 x S.I. = 100 x 800 % = 2 1 % p.a. P x T 8000 x 4 2

Thus, I and II both are needed to get the answer. The correct answer is (E).

8.

Let the sum be Rs. x.

I gives, S.I. = Rs. 7000 and T = 7 years.

II gives, Sum + S.I. for 5 years = 2 x Sum Sum = S.I. for 5 years.

Now, S.I. for 7 years = Rs. 7000. S.I. for 1 year = Rs. 7000 = Rs. 1000. 7

Thus, I and II both are needed to get the answer. The correct answer is (E).

9.

 We know that R = 100 x S.I. P x T

Now, I give, S.I. = Rs. 4000.

II gives T = 4 years.

But, P is unknown. So, we cannot find R.

So, given data is insufficient to get R. The correct answer is (D).

For Answers of Other Questions and explanations

>> TRY EXAMIN APP ### 20 thoughts on “SSC CGL – Important Short Tricks to Solve Simple Interest Questions | Download PDF”

• September 26, 2018 at 9:43 am

Hi there, just became alert to your blog through Google, and found that it’s really informative.
I am going to watch out for brussels. I will appreciate if you
continue this in future. Many people will be benefited from

• September 5, 2018 at 5:38 pm

Hey there I am so thrilled I found your web site, I really found you by error,
while I was searching on Aol for something else, Nonetheless I am here now
and would just like to say thanks a lot for a incredible
post and a all round interesting blog (I also love the theme/design), I don’t have time to read through it all at the moment but I have bookmarked it and also added in your RSS feeds, so when I have time I will be back to read a great deal more, Please do
keep up the superb jo.

• September 5, 2018 at 1:54 pm

Heya i’m for the first time here. I came across this board and I find It truly useful & it helped me out a lot.
I am hoping to offer one thing back and aid others such as you helped me.

• August 24, 2018 at 5:30 am

I am truly pleased to read this weblog posts which contains lots of useful facts, thanks for providing these kinds of statistics.

• August 23, 2018 at 3:30 am

Great post! We will be linking to this particularly great article on our website. Keep up the good writing.

• August 22, 2018 at 1:46 pm

This excellent website certainly has all of the information and facts I wanted and didn’t know who to ask.

• August 18, 2018 at 4:57 pm

Your website has become truly inspirational for many people. Keep inspiring people!

• August 13, 2018 at 7:12 am

I like what you guys are up too. Such clever work and exposure! Keep up the superb works guys I’ve added you guys to my own blogroll.

• August 10, 2018 at 8:55 pm

Thanks very nice blog!

• August 10, 2018 at 12:32 am

If you are going for finest contents like I do, only pay
a quick visit this web site daily for the reason that it
presents quality contents, thanks

• August 9, 2018 at 3:59 pm

Oh my goodness! Amazing article dude! Thank
you so much, However I am going through issues with your RSS.
I don’t know why I cannot join it. Is there anybody getting identical RSS issues?
Anyone that knows the solution can you kindly respond?
Thanks!!

• August 10, 2018 at 10:28 am

You can subscribe to our social media channels and to our blog for the updates. Thank you

• August 9, 2018 at 11:42 am

I was extremely pleased to uncover this website.
I wanted to thank you for ones time due to this wonderful read!!
I definitely really liked every part of it and i also have you book-marked to check
out new things on your site.

• August 9, 2018 at 6:31 am

I am very satisfied to peer your article. Thank you so much.

• August 4, 2018 at 10:35 am

will make the most significant changes. Thanks for sharing!

• July 31, 2018 at 7:39 am

I have recently started a site and the information you provide on this site has helped me greatly. Thank you for all of your time & work.

• July 24, 2018 at 7:15 am

Your style is very unique in comparison to other folks I’ve read stuff from. Thanks for posting when you have the opportunity, Guess I’ll just bookmark this web site.

• July 24, 2018 at 10:21 am

Thank You.

• July 21, 2018 at 11:15 pm
• 