SSC CHSL Simple Interest Questions
6 questions on Simple Interest for SSC CHSL, including questions from 2024 papers. Each comes with the correct answer and a worked explanation.
- Questions
- 6
- Easy
- 6
Simple Interest questions with solutions
What is the simple interest on ₹1,500 at 10% per annum for 2 years?
- (A)₹300
- (B)₹150
- (C)₹1,800
- (D)₹330
Show answer and explanation
Correct answer: (A) ₹300
Simple interest = P × R × T ÷ 100 = 1500 × 10 × 2 ÷ 100 = 300. Therefore the interest earned over 2 years is ₹300.
Shortcut: 1% of 1500 is 15; multiply by 10 × 2 = 20.
What is the simple interest on ₹5,500 at 4% per annum for 2 years?
- (A)₹440
- (B)₹5,940
- (C)₹550
- (D)₹660
Show answer and explanation
Correct answer: (A) ₹440
Simple interest = P × R × T ÷ 100 = 5500 × 4 × 2 ÷ 100 = 440. Therefore the interest earned over 2 years is ₹440.
Shortcut: 1% of 5500 is 55; multiply by 4 × 2 = 8.
What is the simple interest on ₹1,000 at 5% per annum for 4 years?
- (A)₹250
- (B)₹200
- (C)₹240
- (D)₹1,200
Show answer and explanation
Correct answer: (B) ₹200
Simple interest = P × R × T ÷ 100 = 1000 × 5 × 4 ÷ 100 = 200. Therefore the interest earned over 4 years is ₹200.
Shortcut: 1% of 1000 is 10; multiply by 5 × 4 = 20.
What is the simple interest on ₹6,500 at 8% per annum for 3 years?
- (A)₹1,755
- (B)₹8,060
- (C)₹1,560
- (D)₹2,080
Show answer and explanation
Correct answer: (C) ₹1,560
Simple interest = P × R × T ÷ 100 = 6500 × 8 × 3 ÷ 100 = 1560. Therefore the interest earned over 3 years is ₹1,560.
Shortcut: 1% of 6500 is 65; multiply by 8 × 3 = 24.
What is the simple interest on ₹11,500 at 4% per annum for 5 years?
- (A)₹2,300
- (B)₹2,875
- (C)₹1,840
- (D)₹13,800
Show answer and explanation
Correct answer: (A) ₹2,300
Simple interest = P × R × T ÷ 100 = 11500 × 4 × 5 ÷ 100 = 2300. Therefore the interest earned over 5 years is ₹2,300.
Shortcut: 1% of 11500 is 115; multiply by 4 × 5 = 20.
What is the simple interest on ₹8,500 at 8% per annum for 4 years?
- (A)₹2,720
- (B)₹2,040
- (C)₹3,400
- (D)₹3,060
Show answer and explanation
Correct answer: (A) ₹2,720
Simple interest = P × R × T ÷ 100 = 8500 × 8 × 4 ÷ 100 = 2720. Therefore the interest earned over 4 years is ₹2,720.
Shortcut: 1% of 8500 is 85; multiply by 8 × 4 = 32.
Frequently asked questions
How many SSC CHSL Simple Interest questions can I practise here?
6 questions — 6 easy. 6 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 CHSL?
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.