### S.I and C.I for SSC Exams

Q1. Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9% p.a. for the next five years and 13% p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is Rs. 8160, how much money did he borrow?
(a) Rs. 8000
(b) Rs. 10,000
(c) Rs. 12,000
(d) Data inadequate

Q2. An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes:
(a) 10%
(b) 10.25%
(c) 10.5%
(d) None of these

Q3. A sum of money trebles itself in 15 years 6 months. In how many years would it double itself?
(a) 6 years 3 months
(b) 7 years 9 months
(c) 8 years 3 months
(d) 9 years 6 months

Q4. A lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is:
(a) 5%
(b) 7%
(c) 7 1/8%
(d) 10%

Q5. A moneylender finds that due to a fall in the annual rate of interest from 8% to 31/4%, his yearly income diminishes by Rs. 61.50. His capital is:
(a) Rs. 22,400
(b) Rs. 23,800
(c) Rs. 24,600
(d) Rs. 26,000

Q6. A person takes a loan of Rs. 200 at 5% simple interest. He returns Rs. 100 at the end of 1 year. In order to clear his dues at the end of 2 years, he would pay:
(a) Rs. 105
(b) Rs. 110
(c) Rs. 115
(d) Rs. 115.50

Q7. Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?
(a) Rs. 6400
(b) Rs. 6500
(c) Rs. 7200
(d) Rs. 7500

Q8. An amount of Rs. 1,00,000 is invested in two types of shares. The first yield an interest of 9% p.a. and the second, 11% p.a. If the total interest at the end of one year, is 39/4%, then the amount invested in each share was:
(a) Rs. 52,500; Rs. 47,500
(b) Rs. 62,500; Rs. 37,500
(c) Rs. 72,500; Rs. 27,500
(d) Rs. 82,500; Rs. 17,500

Q9. What amount payment will discharge a debt of Rs. 7620 due in 3 years at 50/3% per annum compound interest?
(a) Rs. 3130
(b) Rs. 3420
(c) Rs. 3430
(d) Rs. 3240

Q10. If the compound interest on a sum for 2 years at 25/2% per annum is Rs. 510, the simple interest on the same sum at the same rate for the same period of time is:
(a) Rs. 400
(b) Rs. 450
(c) Rs. 460
(d) Rs. 480

Answers
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