SSC CGL Simple Interest Questions
17 questions on Simple Interest for SSC CGL, including questions from 2024 papers. Each comes with the correct answer and a worked explanation.
- Questions
- 17
- Easy
- 17
Simple Interest questions with solutions
What is the simple interest on ₹6,000 at 12% per annum for 5 years?
- (A)₹3,600
- (B)₹9,600
- (C)₹3,900
- (D)₹2,880
Show answer and explanation
Correct answer: (A) ₹3,600
Simple interest = P × R × T ÷ 100 = 6000 × 12 × 5 ÷ 100 = 3600. Therefore the interest earned over 5 years is ₹3,600.
Shortcut: 1% of 6000 is 60; multiply by 12 × 5 = 60.
What is the simple interest on ₹5,000 at 8% per annum for 4 years?
- (A)₹1,200
- (B)₹2,000
- (C)₹1,600
- (D)₹6,600
Show answer and explanation
Correct answer: (C) ₹1,600
Simple interest = P × R × T ÷ 100 = 5000 × 8 × 4 ÷ 100 = 1600. Therefore the interest earned over 4 years is ₹1,600.
Shortcut: 1% of 5000 is 50; multiply by 8 × 4 = 32.
What is the simple interest on ₹9,500 at 12% per annum for 4 years?
- (A)₹3,420
- (B)₹5,700
- (C)₹4,940
- (D)₹4,560
Show answer and explanation
Correct answer: (D) ₹4,560
Simple interest = P × R × T ÷ 100 = 9500 × 12 × 4 ÷ 100 = 4560. Therefore the interest earned over 4 years is ₹4,560.
Shortcut: 1% of 9500 is 95; multiply by 12 × 4 = 48.
What is the simple interest on ₹2,000 at 5% per annum for 3 years?
- (A)₹300
- (B)₹200
- (C)₹400
- (D)₹2,300
Show answer and explanation
Correct answer: (A) ₹300
Simple interest = P × R × T ÷ 100 = 2000 × 5 × 3 ÷ 100 = 300. Therefore the interest earned over 3 years is ₹300.
Shortcut: 1% of 2000 is 20; multiply by 5 × 3 = 15.
What is the simple interest on ₹12,000 at 10% per annum for 3 years?
- (A)₹2,400
- (B)₹15,600
- (C)₹4,800
- (D)₹3,600
Show answer and explanation
Correct answer: (D) ₹3,600
Simple interest = P × R × T ÷ 100 = 12000 × 10 × 3 ÷ 100 = 3600. Therefore the interest earned over 3 years is ₹3,600.
Shortcut: 1% of 12000 is 120; multiply by 10 × 3 = 30.
What is the simple interest on ₹5,000 at 5% per annum for 3 years?
- (A)₹750
- (B)₹900
- (C)₹5,750
- (D)₹1,000
Show answer and explanation
Correct answer: (A) ₹750
Simple interest = P × R × T ÷ 100 = 5000 × 5 × 3 ÷ 100 = 750. Therefore the interest earned over 3 years is ₹750.
Shortcut: 1% of 5000 is 50; multiply by 5 × 3 = 15.
What is the simple interest on ₹5,000 at 10% per annum for 4 years?
- (A)₹2,200
- (B)₹2,000
- (C)₹2,500
- (D)₹7,000
Show answer and explanation
Correct answer: (B) ₹2,000
Simple interest = P × R × T ÷ 100 = 5000 × 10 × 4 ÷ 100 = 2000. Therefore the interest earned over 4 years is ₹2,000.
Shortcut: 1% of 5000 is 50; multiply by 10 × 4 = 40.
What is the simple interest on ₹10,500 at 4% per annum for 3 years?
- (A)₹840
- (B)₹11,760
- (C)₹1,260
- (D)₹1,575
Show answer and explanation
Correct answer: (C) ₹1,260
Simple interest = P × R × T ÷ 100 = 10500 × 4 × 3 ÷ 100 = 1260. Therefore the interest earned over 3 years is ₹1,260.
Shortcut: 1% of 10500 is 105; multiply by 4 × 3 = 12.
What is the simple interest on ₹11,500 at 8% per annum for 4 years?
- (A)₹4,600
- (B)₹4,140
- (C)₹15,180
- (D)₹3,680
Show answer and explanation
Correct answer: (D) ₹3,680
Simple interest = P × R × T ÷ 100 = 11500 × 8 × 4 ÷ 100 = 3680. Therefore the interest earned over 4 years is ₹3,680.
Shortcut: 1% of 11500 is 115; multiply by 8 × 4 = 32.
What is the simple interest on ₹7,000 at 8% per annum for 2 years?
- (A)₹560
- (B)₹1,260
- (C)₹8,120
- (D)₹1,120
Show answer and explanation
Correct answer: (D) ₹1,120
Simple interest = P × R × T ÷ 100 = 7000 × 8 × 2 ÷ 100 = 1120. Therefore the interest earned over 2 years is ₹1,120.
Shortcut: 1% of 7000 is 70; multiply by 8 × 2 = 16.
What is the simple interest on ₹1,000 at 4% per annum for 2 years?
- (A)₹100
- (B)₹1,080
- (C)₹40
- (D)₹80
Show answer and explanation
Correct answer: (D) ₹80
Simple interest = P × R × T ÷ 100 = 1000 × 4 × 2 ÷ 100 = 80. Therefore the interest earned over 2 years is ₹80.
Shortcut: 1% of 1000 is 10; multiply by 4 × 2 = 8.
What is the simple interest on ₹6,000 at 4% per annum for 2 years?
- (A)₹480
- (B)₹600
- (C)₹240
- (D)₹720
Show answer and explanation
Correct answer: (A) ₹480
Simple interest = P × R × T ÷ 100 = 6000 × 4 × 2 ÷ 100 = 480. Therefore the interest earned over 2 years is ₹480.
Shortcut: 1% of 6000 is 60; multiply by 4 × 2 = 8.
What is the simple interest on ₹5,000 at 10% per annum for 4 years?
- (A)₹2,500
- (B)₹2,200
- (C)₹1,500
- (D)₹2,000
Show answer and explanation
Correct answer: (D) ₹2,000
Simple interest = P × R × T ÷ 100 = 5000 × 10 × 4 ÷ 100 = 2000. Therefore the interest earned over 4 years is ₹2,000.
Shortcut: 1% of 5000 is 50; multiply by 10 × 4 = 40.
What is the simple interest on ₹10,000 at 6% per annum for 4 years?
- (A)₹12,400
- (B)₹3,000
- (C)₹2,400
- (D)₹2,800
Show answer and explanation
Correct answer: (C) ₹2,400
Simple interest = P × R × T ÷ 100 = 10000 × 6 × 4 ÷ 100 = 2400. Therefore the interest earned over 4 years is ₹2,400.
Shortcut: 1% of 10000 is 100; multiply by 6 × 4 = 24.
What is the simple interest on ₹7,000 at 4% per annum for 2 years?
- (A)₹560
- (B)₹280
- (C)₹7,560
- (D)₹840
Show answer and explanation
Correct answer: (A) ₹560
Simple interest = P × R × T ÷ 100 = 7000 × 4 × 2 ÷ 100 = 560. Therefore the interest earned over 2 years is ₹560.
Shortcut: 1% of 7000 is 70; multiply by 4 × 2 = 8.
Showing 15 of 17 questions. Start a practice set above to work through the rest.
Frequently asked questions
How many SSC CGL Simple Interest questions can I practise here?
17 questions — 17 easy. 15 are shown on this page with answers and explanations, and the practice set draws from all of them.
How should I practise Simple Interest for SSC CGL?
Read through a few solved questions first to see the method, then take a timed practice set. Afterwards, check which questions you got wrong or spent longest on and redo those before moving on.